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Foundries Market Size, Share, Trends, Industry Report 2030
The global foundries market size was valued at USD 135.2 billion in 2023, growing at a CAGR of 4.2% during the forecast period 2024-30. It also includes market size and projection estimations for each of the five major regions from 2024 to 2030. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and is further split by nations and categories within each region. The research also includes factors and barriers to the Foundries Market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
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The global Foundries Market segmentation:
1) By Casting Process: Sand Casting, Investment Casting, Die Casting, and Permanent Casting.
2) By Type: Ferrous Metal Foundries and Nonferrous Metal Foundries.
3) By Application: Automobile, Pipes and Fittings, Agricultural Machinery, Electrical Equipment, Machine Tools and Others.
The primary factors of the Foundries Market drivers are surge in the demand for metal castings in various industry sectors. The Foundries Market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The Foundries Market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America was the largest region in the Foundries Market report, accounting for the highest share in 2022. It was followed by Asia Pacific, and then the other regions.
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The important profiles and strategies adopted by the Foundries Market key players are Aditya Birla Management Corp. Pvt. Ltd., Ashok Iron Works P Ltd., Brakes India Pvt. Ltd., CALMET, Cooper Corp. Pvt. Ltd., DCM Ltd., Electrosteel Castings Ltd., Fortune Foundries Pvt. Ltd., Gujarat Metal Cast Industries Pvt. Ltd., Hackforth Holding GmbH & Co. KG, Jayaswal Neco Industries Ltd., JSW STEEL Ltd., Kalyani Group, Kirloskar Ferrous Industries Ltd., Larsen and Toubro Ltd., Menon and Menon Ltd., Nelcast Ltd. is covered here to help them in strengthening their place in the market.
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