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Foundry Equipment Market size to increase by USD 6.87 billion from 2022 to 2027, Advances in heat treatment technology boost the market – Technavio
In the next few years, the market for foundry equipment is expected to grow by USD 6 billion.A total of 87 billion dollars will be spent between 2022 and 2027. However, the growth momentum of the market is expected to decline at a CAGR of 4 percent over the next few years.Within the forecast period, the market is expected to grow by 37%. This market is segmented based on applications (metal casting and metal heat treatment), end-users (automotive, aerospace, machinery, and others), and geography (APAC, North America, Europe, South America, and the Middle East and Africa).. As a result of the advancements in heat treatment technology, the market is growing at a rapid pace. A variety of visible advantages can be gained by using new vacuum heat treatment equipment and technology, including a reduction in the environmental footprint, a reduction in production cycles, and a reduction in operating costs via the most efficient use of energy and materials.. As well as that, technologies such as the low-temperature surface modification process offer the advantage of low distortion and are becoming more popular in the market as a result. As a result, such factors contribute to the growth of the market. A detailed analysis of the market size and growth is provided in the report, along with accurate predictions of the market's future growth. You can view a sample of the PDF document by clicking here You can view a sample of the PDF document by clicking here Highlights of the report include: Highlights of the presentation include the following:The market dynamics are as follows:It's a trend Problems and challengesThe key segments are as follows:The following reports are related to this one:During the period between 2022 and 2027, it is estimated that the Global Foundry Market in India will grow at a CAGR of 10.77% with the market size predicted to increase by USD 15,684.57 million.Between 2022 and 2027, the global foundry coke market size is estimated to grow by USD 533.48 million at a compound annual growth rate of 4.8%.Table of Contents:Summary of the executive summaryAn overview of the marketThe size of the marketMarket Sizes in the PastAnalysis of the Five ForcesSegmentation of the market by applicationSegmentation of the market based on end-usersGeography-based segmentation of the marketA brief overview of the customer landscapeThe geographical landscape of the worldThe drivers, challenges, and trends that are driving the industryA brief overview of the company's landscapeAnalyses of the companyThe appendixTechnavio: What we do and how we do itThe company Technavio is a leading global provider of technology research and advisory services. Based on their research and analysis, they provide actionable insight into emerging market trends, allowing businesses to identify market opportunities and develop effective strategies to optimize their market position by identifying market opportunities.. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports, covering 800 technologies across 50 countries and spanning 800 industries.. A large portion of their client base is made up of enterprises of all sizes, including more than 100 Fortune 500 companies.. As a result, Technavio's growing client base relies on the company's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets, as well as assess their competitive positions within changing market scenarios. As a result, Technavio's growing client base relies on the company's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets, as well as assess their competitive positions within changing market scenarios.Contact informationJesse MaidaMedia & Marketing Executive for Technavio ResearchUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.comThe source of this information is TechnavioAs the market size for smart robots is expected to grow by USD 13.22 billion between 2022 and 2027, the growth momentum of the market is expected to accelerate as well...Between 2022 and 2027, the robotic lawn mower market size is expected to increase by USD 1.06 billion. However, the growth momentum of the market is expected to slow down over the next few years...Get PRN's top stories and curated news delivered weekly to your inbox by signing up for our newsletter!
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