How Global Foundries Market Players Should Strategize For 2022-2031

The global foundries market size is expected to grow from $156.72 billion in 2021 to $168.59 billion in 2022 at a compound annual growth rate (CAGR) of 7.6%. The foundry market is expected to grow to $216.0 billion in 2026 at a CAGR of 6.4%.

What is the Global Foundries Market?

The foundries market consists of sales of molded castings by entities (organizations, sole traders and partnerships) that produce castings by pouring molten metal into molds.

Get a Sample of the global foundries market report
https://www.thebusinessresearchcompany.com/sample.aspx?id=2080&type=smp

What drives the Global Foundries Market?

The foundries market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth is3.3% in 2020 and 3.4% in 2021. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the foundries market during the forecast period.

Get the full global foundries industry report here

Global Foundries Market Segments
The global foundries market is segmented:
By Type: Ferrous Metal Foundries, Nonferrous Metal Foundries
By Foundry Type: Pure Play Foundry, Integrated Device Manufacturers
By Application: Automobile, Pipes and Fittings, Agricultural Machinery, Electrical Equipment, Machine Tools, Others
By Geography: The regions covered in the foundries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Foundries Global Market Report 2022provides market size and growth forecasts for the foundries global market, foundries global market share, foundries market segments and geographies, foundries market competitive landscape including leading competitors’ revenues, profiles and market shares. The foundries market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Foundries Industry Playersinclude Ryobi Limited, Aludyne Inc, Kobe Steel Ltd, Georg Fischer AG, Grupo Industrial Saltillo S.A.B. de C.V, Neenah Enterprises Inc, Vesuvius plc, Anhui Yingliu Electromechanical Co. Ltd., Allegheny Technologies Incorporated, and Doosan Heavy Industries & Construction Co. Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.