Global Casting Equipment Market, By Casting Type (Die Casting, Sand Casting, Centrifugal Casting, Sh

Published Date: | Report Code : EQ1958456

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Demand for lightweight metals in end user industries is expected to drive the growth of casting equipment market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Casting is a manufacturing technique where molten material is poured into a hollow structure of the required form and then solidified. The substance can be either metal or any other setting material like clay or plaster which are allowed to set. The shapes which are very complex to make by any method are cast. This equipment reduces the time and effort required thereby increasing productivity.

Segment Analysis:

Based on the casting type, it is divided as die casting, sand casting, centrifugal casting, shell mold casting, permanent mold casting, lost wax casting and lost foam casting.

On the basis of the machine type it is divided as vertical and horizontal. On the basis of the sales channel, the bifurcation is as online and offline. The offline sales channel is leading and is expected to continue as customers would rather check the equipment themselves before purchasing.

And based on the end users, pump & valve, automotive, agriculture, aerospace & defense, HVAC, energy & power generation, and others.

The growth is expected to be the most in the APAC and RoW regions as the developing countries are contributing heavily to the growth of the construction industry.

Key Factors Impacting Market Growth:

  • Demand for lightweight metals in end user industries

  • Consistent increase of manufacturing in the end use industries

Regional Analysis:

Major regions for casting equipment market are estimated to North America, Western Europe, and Asia Pacific. North America and Western Europe have been traditional markets for casting equipment owing to strong presence of industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be pump & valve, automotive, agriculture, aerospace & defense, hvac, energy & power generation, and others. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing transition in terms of product development and production methods. These factors are expected to drive the demand for casting equipment market in the North America and Western Europe region. Major markets by country in these regions include US, Germany, France, UK, Canada, Spain, and others.

Asia Pacific and Middle East region has witnessed tremendous growth of the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest-growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, pump & valve, automotive, agriculture, aerospace & defense, hvac, energy & power generation, and others are estimated to register high demand for casting equipment market during the forecast period. On the other hand, Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of casting equipment market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for casting equipment market during the forecast period. Rest of the World including South America and Africa are estimated to be a developing market with strong potential in strategic future.

Companies Covered: C.E.I.A. SpA, Toshiba Machine Co., Ltd, LPM Group, KÜNKEL WAGNER Germany GmbH, Sinto Group, Fidus Achates Engg. Pvt. Ltd., Centrifugal Casting Machine Company, Inc., Zitai Precision Machinery Co., Ltd., General Kinematics Corporation,and CR Hill Company.

Market Segmentation:

By Type:

  • Vertical

  • Horizontal

By End User:

  • Pump & Valve

  • Automotive

  • Agriculture

  • Aerospace & Defense

  • HVAC

  • Energy & Power Generation

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global casting equipment market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

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