Global Foundry Tools Market was valued at $4994.02 Million in 2022 and will grow with a CAGR of 3.28% from 2022 to 2028 – The Saber

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The global foundry tools market was valued at USD 4994.02 million in 2022 and will grow with a CAGR of 3.28% from 2022 to 2028, according to the recently released report by HNY Research.

The main objective of this report is to provide post-COVID-19 impact insights that will help market players in this field to evaluate their business approaches. Further, this report covers market segmentation by major markets, types, applications/end users, and geography (North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa , Oceania, South America).

Foundry tools are a set of equipment, such as shovels, trowels, rammers and others. Foundry tools are used in foundries for basic operations, such as mixing and molding sand, smoothing surfaces, etc. In terms of geographical regions, APAC will be the major revenue contributor to the foundry tools market throughout the forecast period. The growth of the automotive production market in the region drives the steady growth of the casting industry, especially in countries like China, India, Thailand, and Indonesia. Growth in the automotive industry will continue over the forecast period, which will further increase the demand for castings and foundry tools in this region.

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By Verdors Market:

Morgan Advanced Materials

Craft foundry shop

Freeman Manufacturing

MIFCO-McEnglevan Industrial Furnace Company

Crowd supply

GIBA

Holmatro

Apex Tool Group

American pneumatic tool

By type:

Shovels

Trowels

Rammers

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By app:

Automotive

Machinery and equipment

Aerospace and Defense

Key indicators analyzed

Market Players and Competitor Analysis: The report covers major industry players including company profile, product specifications, production capacity/sales, revenue, price and gross margin 2016-2028 and sales with in-depth analysis of market competition landscape and detailed information. about the vendors and comprehensive details of the factors that will challenge the growth of the major vendors in the market.

Global and Regional Market Analysis: The report includes the global and regional market status and outlook 2016-2028. Additionally, the report provides details about each region and country covered in the report. Identify its sales, sales volume and revenue forecasts. With a detailed analysis by types and applications.

Market Trends: Key market trends including increased competition and continued innovations.

Opportunities and drivers: identifying growing demands and new technologies

Porters Five Forces Analysis: The report presents the state of competition in the industry based on five fundamental forces: the threat of new entrants, the bargaining power of suppliers, the bargaining power of buyers, the threat of substitute products or services and existing rivalry in the industry.

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