Foundry Tools Market
Global Foundry Tools Market Size, Share & Trends Analysis Report by Type (Shovel, Trowel, Rammer, Others), By Application (Automotive, Machinery & Equipment, Aerospace & Defense, Other) Forecast Period 2021-2027 Update Available - Forecast 2024-2030
Global foundry tools market is anticipated to grow at a considerable CAGR of 2.4% during the forecast period (2021-2027). The rapid urbanization across the globe has provoked the demand for infrastructure development across the globe. As per the UN, nearly 54.0% of the population lives in the urban area in 2014, which was estimated to be around 3.86 billion. It is expected to reach 66% by 2050 which will be more than 6 billion people. As per the World Urbanization Prospects by the UN, the largest urban growth will take place in India, China, and Nigeria. Urbanization in emerging economies has been growing significantly since 2014. There were only 28 mega-cities projects in 2014 which is expected to reach 41 by 2030. The growing urbanization across the globe will create demand for casting tools in infrastructure development which in turn will drive the growth of the global foundry tools market.
Further, increasing per capita income coupled with the growing construction projects in emerging economies such as China, India, Indonesia, and others has also positively impacted the growth of the market. The rising number of infrastructural projects and mega construction projects are also projected to boost the demand for foundry tools, which, in turn, enhances market growth during the forecast period.
Impact of COVID-19 Pandemic on Global Foundry tools Market
COVID-19 pandemic led negative impact on the growth of the foundry tools market due to negative impact of COVID-19 pandemic on construction industry. Nevertheless, the rising investments in infrastructure & automotive industry development post-COVID-19 in order to stimulate economic growth across the globe are expected to bolster the demand for foundry tools during the forecast period.
Segmental Outlook
The global Foundry Tools market is segmented based on type and application. Based on type, the foundry tools market is segmented into trowels, shovels, rammers, and others. Based on the application, the market is segmented into automotive, machinery & equipment, aerospace & defense, other.
Global Foundry tools Market Share by Type, 2020 (%)
Rammers Segment holds the significant share in the Market
The rammers are anticipated to hold major market share in foundry tools market based on type. , A rammer is a tool used in the construction industry to compress or compact earth or soil. The growing construction industry has made significant contribution to the growth of this market segment. Further, low cost of this tool as compared to other power tools is further anticipated to drive the growth of this market segment.
Regional Outlooks
The global Foundry tools market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, France, Spain, Germany, and Rest of Europe), Asia-Pacific (India, Japan, China, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East and Africa, and Latin America). Asia-Pacific held a considerable market position in the global foundry tools market in 2020. hina, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the foundry tools market in the region. The regional growth of the market is accredited to the rapid urbanization in the economies of the region. Besides, there has also been an increasing automotive industry in the region which is further driving the regional growth of the market over the forecast period. Further, the North American region is also estimated to register a substantial market value, attributing to the presence of key players across the region.
Global Foundry tools Market Growth, by Region 2021-2027
Market Players Outlook
Apex Tool Group, BOMAG GmbH, Freeman Manufacturing & Supply Co., GIBA, Hitachi Construction Machinery Co., Ltd., Holmatro B.V., and so on are the key players operating in the global foundry tools market. With the growing demand for foundry tools in the automobile & construction industry & rising penetration of new players the existing players of foundry tools market are adopting different growth strategies such as mergers & acquisitions, production capacity expansion, new product launches, and partnerships among others to remain competitive in the marketplace.
Recent Development
- In October 2019, Husqvarna Group has acquired the concrete power trowel business from Wacker Neuson Group, including all product, R&D and manufacturing assets relating to both walk-behind and ride-on concrete power trowels. With this acquisition, the company aims at expansion of its current tools range by connecting the entire process from ground compaction to polished concrete floors. With the addition of the ride-on trowels the company is anticipated to have a complete offering for concrete surfacing and polishing which will add great value to its customers.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global foundry tools market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Foundry Tools Industry
• Recovery Scenario of Global Foundry Tools Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Foundry Tools Market, By Type
5.1.1. Shovels
5.1.2. Trowels
5.1.3. Rammers
5.1.4. Others
5.2. Global Foundry Tools Market, By Application
5.2.1. Automotive
5.2.2. Machinery & Equipment
5.2.3. Aerospace & Defense
5.2.4. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Ammann Group
7.2. Apex Tool Group
7.3. Bartell Global
7.4. Belmont Metals, Inc.
7.5. BOMAG GmbH
7.6. Corbett Industries, Inc.
7.7. Crowder Supply Co.
7.8. Doosan Portable Power
7.9. Freeman Manufacturing & Supply Co.
7.10. GIBA
7.11. Hitachi Construction Machinery Co., Ltd.
7.12. Holmatro B.V.
7.13. Husqvarna AB
7.14. J C Bamford Excavators Ltd.
7.15. McEnglevan Industrial Furnace Company, Inc.
7.16. Midvale Industries, Inc.
7.17. Mikasa Sangyo Co.,Ltd.
7.18. Morgan Advanced Materials plc
7.19. The Toro Company
7.20. USA Air Tools
7.21. Wacker Neuson SE
1. GLOBAL FOUNDRY TOOLS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027($ MILLION)
2. GLOBAL SHOVELS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
3. GLOBAL TROWELS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
4. GLOBAL RAMMERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
5. GLOBAL OTHER TOOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
6. GLOBAL FOUNDRY TOOLS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027($ MILLION)
7. GLOBAL FOUNDRY TOOLS for AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
8. GLOBAL FOUNDRY TOOLS FOR MACHINERY & EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
9. GLOBAL FOUNDRY TOOLS for AEROSPACE & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
10. GLOBAL FOUNDRY TOOLS FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
11. NORTH AMERICAN FOUNDRY TOOLS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027($ MILLION)
12. NORTH AMERICAN FOUNDRY TOOLS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027($ MILLION)
13. NORTH AMERICAN FOUNDRY TOOLS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027($ MILLION)
14. EUROPEAN FOUNDRY TOOLS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027($ MILLION)
15. EUROPEAN FOUNDRY TOOLS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027($ MILLION)
16. EUROPEAN FOUNDRY TOOLS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027($ MILLION)
17. ASIA-PACIFIC FOUNDRY TOOLS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027($ MILLION)
18. ASIA-PACIFIC FOUNDRY TOOLS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027($ MILLION)
19. ASIA-PACIFIC FOUNDRY TOOLS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027($ MILLION)
20. REST OF THE WORLD FOUNDRY TOOLS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027($ MILLION)
21. REST OF THE WORLD FOUNDRY TOOLS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027($ MILLION)
22. REST OF THE WORLD FOUNDRY TOOLS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL FOUNDRY TOOLS MARKET, 2020-2027($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL FOUNDRY TOOLS MARKET BY SEGMENT, 2020-2027($ MILLION)
3. RECOVERY OF GLOBAL FOUNDRY TOOLS MARKET, 2021-2027(%)
4. GLOBAL FOUNDRY TOOLS MARKET SHARE BY TYPE, 2020 VS 2027(%)
5. GLOBAL FOUNDRY TOOLS MARKET SHARE BY DEPLOYMENT MODEL, 2020 VS 2027(%)
6. GLOBAL FOUNDRY TOOLS MARKET SHARE BY APPLICATION, 2020 VS 2027(%)
7. GLOBAL FOUNDRY TOOLS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027(%)
8. GLOBAL SHOVELS MARKET SHARE BY REGION, 2020 VS 2027(%)
9. GLOBAL TROWELS MARKET SHARE BY REGION, 2020 VS 2027(%)
10. GLOBAL RAMMERS MARKET SHARE BY REGION, 2020 VS 2027(%)
11. GLOBAL OTHERS MARKET SHARE BY REGION, 2020 VS 2027(%)
12. GLOBAL FOUNDRY TOOLS for AUTOMOTIVE MARKET SHARE BY REGION, 2020 VS 2027(%)
13. GLOBAL FOUNDRY TOOLS FOR MACHINERY & EQUIPMENT MARKET SHARE BY REGION, 2020 VS 2027(%)
14. GLOBAL FOUNDRY TOOLS FOR AEROSPACE & DEFENSE MARKET SHARE BY REGION, 2020 VS 2027(%)
15. US FOUNDRY TOOLS MARKET SIZE, 2020-2027($ MILLION)
16. CANADA FOUNDRY TOOLS MARKET SIZE, 2020-2027($ MILLION)
17. UK FOUNDRY TOOLS MARKET SIZE, 2020-2027($ MILLION)
18. FRANCE FOUNDRY TOOLS MARKET SIZE, 2020-2027($ MILLION)
19. GERMANY FOUNDRY TOOLS MARKET SIZE, 2020-2027($ MILLION)
20. ITALY FOUNDRY TOOLS MARKET SIZE, 2020-2027($ MILLION)
21. SPAIN FOUNDRY TOOLS MARKET SIZE, 2020-2027($ MILLION)
22. REST OF EUROPE FOUNDRY TOOLS MARKET SIZE, 2020-2027($ MILLION)
23. INDIA FOUNDRY TOOLS MARKET SIZE, 2020-2027($ MILLION)
24. CHINA FOUNDRY TOOLS MARKET SIZE, 2020-2027($ MILLION)
25. JAPAN FOUNDRY TOOLS MARKET SIZE, 2020-2027($ MILLION)
26. SOUTH KOREA FOUNDRY TOOLS MARKET SIZE, 2020-2027($ MILLION)
27. REST OF ASIA-PACIFIC FOUNDRY TOOLS MARKET SIZE, 2020-2027($ MILLION)
28. REST OF THE WORLD FOUNDRY TOOLS MARKET SIZE, 2020-2027($ MILLION)
