Foundry Equipment Market Size, Share, Growth, and Industry Analysis, By Types (Die Casting Machine, Centrifugal Casting Machine, Induction Furnace, Moulding Machine, Coremaking Machine, Shot Blasting Machine), By Applications (Automotive, Aerospace, Machinery, Shipbuilding, Power Generation and Electricity, Other) , and Regional Insights and Forecast to 2034

Foundry Equipment Market Size

The Global Foundry Equipment Market size was USD 5.57 billion in 2024 and is projected to reach USD 5.75 billion in 2025, USD 5.95 billion in 2026, and further expand to USD 7.77 billion by 2034, exhibiting a CAGR of 3.4% during the forecast period of 2025–2034. Automotive applications account for 35% of demand, machinery contributes 20%, aerospace holds 12%, shipbuilding captures 8%, and power generation adds 15%, showing broad-based growth opportunities.

The US Foundry Equipment Market reflects strong expansion, supported by automotive and aerospace sectors contributing more than 40% of overall demand. Around 28% of manufacturers in the region focus on advanced die casting systems, while 25% emphasize automation adoption. Nearly 22% of demand arises from induction furnaces, highlighting the country’s move toward energy-efficient equipment, and 18% of investments are directed to surface finishing technologies.

Key Findings

• Market Size: Global Foundry Equipment Market was USD 5.57 billion in 2024, USD 5.75 billion in 2025, projected at USD 7.77 billion by 2034 with 3.4% CAGR.
• Growth Drivers: Automotive 35%, machinery 20%, aerospace 12%, shipbuilding 8%, power generation 15%, automation 30% adoption, eco-friendly solutions 25% integration, robotics 32% usage, modernization 28% share.
• Trends: Asia-Pacific 40% dominance, North America 25%, Europe 23%, Middle East & Africa 12%, automation 32%, energy-efficient equipment 28%, sustainability 25%, digital monitoring 18% adoption.
• Key Players: Inductotherm, Buhler, Norican, Sinto, Toshiba & more.
• Regional Insights: Asia-Pacific leads with 40% share, driven by large-scale automotive and industrial production. North America holds 25%, supported by aerospace and EV growth. Europe captures 23%, led by precision engineering and advanced machinery. Middle East & Africa accounts for 12%, fueled by energy projects and infrastructure expansion.
• Challenges: Workforce shortage 33%, cost pressures 36%, SME barriers 29%, operational inefficiencies 20%, training needs 22%, energy constraints 18%, modernization delays 15%, technical limitations 12%.
• Industry Impact: Automotive 35%, aerospace 12%, machinery 20%, shipbuilding 8%, power generation 15%, automation 32%, sustainable solutions 25%, eco-friendly initiatives 28%, digital adoption 18%.
• Recent Developments: Automation 32%, induction innovations 28%, eco-friendly upgrades 25%, digital integration 20%, aerospace enhancements 22%, automotive innovations 35%, industrial modernization 18%, precision casting 27%.

The Foundry Equipment Market is evolving with strong adoption of automation and digitalization. Over 40% of foundries in Asia-Pacific are investing in induction furnaces, while 35% of automotive manufacturers worldwide rely on advanced die casting machines. Sustainability is a major driver, with 28% of companies shifting toward eco-friendly machinery. Industrial modernization is accelerating, with 32% of foundries adopting robotic systems, and 22% integrating predictive maintenance to minimize downtime across global operations.

Foundry Equipment Market Trends

The foundry equipment market is experiencing strong growth as industries adapt to modern casting technologies. Over 35% of demand is led by automotive applications, driven by the need for precision casting in engines and lightweight components. Construction and infrastructure contribute nearly 28%, supported by urban development and heavy machinery requirements. Aerospace and defense hold around 15% of the share, reflecting the push for high-performance alloys. Meanwhile, industrial machinery accounts for close to 12%, with steady adoption of advanced molding machines. Geographically, Asia Pacific dominates with more than 40% of the share, fueled by large-scale manufacturing in China and India. North America maintains about 22% due to robust industrial output, while Europe contributes around 20% led by Germany, Italy, and France. The Middle East and Africa collectively represent nearly 8%, showing steady expansion in foundry capacity, and Latin America captures 10% with growing demand from Brazil and Mexico. Increasing automation, accounting for more than 30% adoption in foundry equipment, highlights the shift towards digitalized production processes in the sector.

Foundry Equipment Market Dynamics

OPPORTUNITY

Growth in Automated Casting Solutions

Automation is reshaping the foundry equipment market, with nearly 32% of manufacturers integrating robotics to enhance productivity. Over 45% of foundries report efficiency gains from advanced molding equipment, while around 25% are investing in eco-friendly and energy-efficient systems. This adoption trend highlights significant opportunities for scaling digitalized and sustainable foundry operations worldwide.

DRIVERS

Rising Demand from Automotive Industry

The automotive sector contributes more than 38% of total foundry equipment usage, primarily for engine blocks, lightweight alloys, and structural parts. About 42% of automotive OEMs are upgrading casting techniques to boost quality and durability, while 27% focus heavily on aluminum casting adoption. This rising demand ensures strong momentum in equipment requirements.

RESTRAINTS

"High Initial Investment Costs"

More than 36% of SMEs identify high installation costs as the main hurdle for adopting advanced foundry equipment. Nearly 29% of new businesses struggle with capital-intensive requirements, while 20% face recurring operational expenses. These financial pressures slow down adoption rates in emerging markets despite growing demand for modern solutions.

CHALLENGE

"Skilled Workforce Shortage"

Around 33% of foundries report shortages of skilled professionals to handle automated and digital equipment. Training investments affect nearly 22% of manufacturers, while 18% struggle with reduced production due to workforce inefficiencies. This shortage creates delays in modernizing processes, posing a major challenge for the industry’s sustainable expansion.

Segmentation Analysis

The global foundry equipment market, valued at USD 5.57 Billion in 2024, is projected to reach USD 5.75 Billion in 2025 and further expand to USD 7.77 Billion by 2034, growing at a CAGR of 3.4% during the forecast period. By type, Die Casting Machines will dominate with the highest share, while Induction Furnaces and Moulding Machines will also record strong growth momentum. Coremaking and Shot Blasting Machines are projected to grow steadily, supported by rising demand for automated solutions. By application, the automotive segment leads with a major share, followed by machinery and aerospace, while shipbuilding and power generation contribute significantly to niche growth areas.

By Type

Die Casting Machine

Die casting machines account for more than 28% of global demand, largely driven by the automotive and electronics sectors. The adoption of high-pressure die casting is growing, with over 35% of new installations focused on lightweight alloy production. Efficiency improvements and precision casting make this segment critical to global manufacturing.

Die Casting Machines held the largest share in the foundry equipment market, accounting for USD 1.61 Billion in 2025, representing 28% of the total market. This segment is expected to grow at a CAGR of 3.7% from 2025 to 2034, driven by automotive lightweighting, aerospace innovation, and rising industrial automation.

Top 3 Major Dominant Countries in the Die Casting Machine Segment

• China led the Die Casting Machine segment with a market size of USD 0.52 Billion in 2025, holding a 32% share and expected to grow at a CAGR of 4.0% due to automotive expansion and export demand.
• Germany captured USD 0.28 Billion in 2025 with a 17% share, projected to grow at a CAGR of 3.6% supported by advanced machinery and precision casting demand.
• United States accounted for USD 0.25 Billion in 2025 with a 15% share, expected to grow at a CAGR of 3.4% owing to aerospace and defense requirements.

Centrifugal Casting Machine

Centrifugal casting machines hold around 12% of the market, with significant use in pipes, aerospace parts, and power generation equipment. More than 20% of global demand comes from the energy sector, where precision and durability are critical. Adoption continues to expand with increasing urbanization and industrialization.

Centrifugal Casting Machines accounted for USD 0.69 Billion in 2025, representing 12% of the market. This segment is expected to grow at a CAGR of 3.2% from 2025 to 2034, driven by infrastructure development, aerospace requirements, and increased demand for industrial components.

Top 3 Major Dominant Countries in the Centrifugal Casting Machine Segment

• India led with USD 0.23 Billion in 2025, holding a 33% share, projected to grow at a CAGR of 3.5% supported by urban expansion and industrial needs.
• Japan captured USD 0.18 Billion in 2025 with a 26% share, expected to grow at a CAGR of 3.1% due to advanced manufacturing and export-driven casting.
• Brazil accounted for USD 0.11 Billion in 2025 with a 16% share, projected to grow at a CAGR of 2.9% supported by energy and construction sectors.

Induction Furnace

Induction furnaces make up nearly 22% of the market, widely adopted for steel and non-ferrous metal melting. More than 40% of foundries prefer induction due to energy efficiency and environmental benefits. Their use continues to expand in Asia Pacific, accounting for almost half of new installations globally.

Induction Furnaces accounted for USD 1.26 Billion in 2025, representing 22% of the total market. This segment is projected to grow at a CAGR of 3.8% from 2025 to 2034, driven by energy efficiency, sustainability requirements, and expansion in heavy manufacturing industries.

Top 3 Major Dominant Countries in the Induction Furnace Segment

• China led with USD 0.48 Billion in 2025, holding a 38% share, projected to grow at a CAGR of 4.2% due to its steel sector expansion.
• United States captured USD 0.21 Billion in 2025 with a 17% share, expected to grow at a CAGR of 3.5% supported by eco-friendly manufacturing.
• Russia accounted for USD 0.18 Billion in 2025 with a 14% share, projected to grow at a CAGR of 3.3% driven by steel and heavy industry projects.

Moulding Machine

Moulding machines hold about 18% of the market, with extensive use across automotive, construction, and industrial machinery applications. Around 30% of small-to-medium foundries report adoption of semi-automatic moulding equipment, while advanced fully automated moulding machines are expanding rapidly across Europe and Asia.

Moulding Machines accounted for USD 1.04 Billion in 2025, representing 18% of the market. This segment is forecasted to grow at a CAGR of 3.3% from 2025 to 2034, fueled by demand for faster cycle times, better product finish, and expanding machinery industries.

Top 3 Major Dominant Countries in the Moulding Machine Segment

• Germany led with USD 0.31 Billion in 2025, holding a 30% share, growing at a CAGR of 3.4% supported by industrial precision casting.
• India captured USD 0.27 Billion in 2025 with a 26% share, projected to grow at a CAGR of 3.6% driven by automotive and machinery production.
• China accounted for USD 0.22 Billion in 2025 with a 21% share, expected to grow at a CAGR of 3.2% due to rapid modernization of foundries.

Coremaking Machine

Coremaking machines represent around 10% of the global market. These machines are integral for complex mold structures in automotive and aerospace. Approximately 35% of demand arises from precision casting, while 25% comes from large-scale automotive applications requiring high accuracy.

Coremaking Machines accounted for USD 0.57 Billion in 2025, representing 10% of the market. This segment is forecasted to grow at a CAGR of 3.0% from 2025 to 2034, driven by demand for complex components, increased accuracy, and lightweight automotive production.

Top 3 Major Dominant Countries in the Coremaking Machine Segment

• Japan led with USD 0.18 Billion in 2025, holding a 31% share, growing at a CAGR of 3.1% driven by aerospace applications.
• United States captured USD 0.15 Billion in 2025 with a 26% share, expected to grow at a CAGR of 2.9% supported by automotive casting requirements.
• Italy accounted for USD 0.12 Billion in 2025 with a 21% share, projected to grow at a CAGR of 2.8% due to machinery exports.

Shot Blasting Machine

Shot blasting machines account for 10% of the market, mainly applied in surface cleaning, finishing, and preparation processes. More than 28% of demand originates from the automotive sector, while construction and aerospace industries collectively contribute 30% of consumption.

Shot Blasting Machines accounted for USD 0.57 Billion in 2025, representing 10% of the global market. This segment is expected to grow at a CAGR of 2.9% from 2025 to 2034, driven by surface quality requirements, infrastructure projects, and industrial modernization.

Top 3 Major Dominant Countries in the Shot Blasting Machine Segment

• China led with USD 0.19 Billion in 2025, holding a 33% share, projected to grow at a CAGR of 3.0% due to large-scale construction and automotive industries.
• France captured USD 0.15 Billion in 2025 with a 26% share, expected to grow at a CAGR of 2.7% led by aerospace advancements.
• United States accounted for USD 0.12 Billion in 2025 with a 21% share, projected to grow at a CAGR of 2.8% supported by industrial modernization.

By Application

Automotive

The automotive sector dominates with more than 35% of total foundry equipment demand, largely due to lightweight aluminum casting for engine and body components. Over 40% of automotive OEMs are upgrading equipment to improve efficiency and reduce emissions.

Automotive applications accounted for USD 2.01 Billion in 2025, representing 35% of the market. This segment is projected to grow at a CAGR of 3.6% from 2025 to 2034, supported by EV adoption, emission regulations, and lightweight design innovations.

Top 3 Major Dominant Countries in the Automotive Application Segment

• China led with USD 0.67 Billion in 2025, holding a 33% share, projected to grow at a CAGR of 3.9% due to EV manufacturing and exports.
• Germany accounted for USD 0.31 Billion in 2025 with a 15% share, expected to grow at a CAGR of 3.5% led by advanced automotive R&D.
• United States captured USD 0.29 Billion in 2025 with a 14% share, projected to grow at a CAGR of 3.4% due to EV and hybrid adoption.

Aerospace

The aerospace segment holds 12% of the market, driven by precision casting requirements for turbine blades, structural components, and lightweight alloys. More than 30% of demand originates from North America and Europe, where aerospace R&D is concentrated.

Aerospace applications accounted for USD 0.69 Billion in 2025, representing 12% of the total market. This segment is expected to grow at a CAGR of 3.2% from 2025 to 2034, driven by rising aircraft production, defense investment, and innovation in lightweight materials.

Top 3 Major Dominant Countries in the Aerospace Application Segment

• United States led with USD 0.25 Billion in 2025, holding a 36% share, growing at a CAGR of 3.3% driven by commercial and defense aerospace.
• France accounted for USD 0.15 Billion in 2025 with a 22% share, expected to grow at a CAGR of 3.1% supported by Airbus production.
• United Kingdom captured USD 0.12 Billion in 2025 with a 17% share, projected to grow at a CAGR of 3.0% due to aerospace exports.

Machinery

Machinery contributes 20% of demand, supported by industrial machinery, heavy equipment, and construction tools. Around 25% of demand is centered in Asia Pacific due to growing industrialization, while Europe contributes 22% with precision equipment manufacturing.

Machinery applications accounted for USD 1.15 Billion in 2025, representing 20% of the market. This segment is projected to grow at a CAGR of 3.4% from 2025 to 2034, supported by infrastructure projects, manufacturing expansion, and increased automation.

Top 3 Major Dominant Countries in the Machinery Application Segment

• China led with USD 0.38 Billion in 2025, holding a 33% share, projected to grow at a CAGR of 3.5% due to industrial expansion.
• Germany captured USD 0.21 Billion in 2025 with an 18% share, expected to grow at a CAGR of 3.2% supported by precision manufacturing.
• India accounted for USD 0.18 Billion in 2025 with a 16% share, projected to grow at a CAGR of 3.4% due to urbanization and construction.

Shipbuilding

Shipbuilding holds around 8% of the market, with demand largely from large structural castings and engine components. Asia Pacific leads this segment with more than 45% contribution, supported by South Korea, China, and Japan.

Shipbuilding applications accounted for USD 0.46 Billion in 2025, representing 8% of the market. This segment is expected to grow at a CAGR of 3.0% from 2025 to 2034, driven by global trade, naval expansion, and offshore energy development.

Top 3 Major Dominant Countries in the Shipbuilding Application Segment

• South Korea led with USD 0.16 Billion in 2025, holding a 35% share, growing at a CAGR of 3.1% supported by advanced shipbuilding yards.
• China accounted for USD 0.14 Billion in 2025 with a 30% share, expected to grow at a CAGR of 3.2% due to naval and cargo production.
• Japan captured USD 0.09 Billion in 2025 with a 20% share, projected to grow at a CAGR of 2.9% driven by maritime exports.

Power Generation and Electricity

Power generation and electricity applications represent 15% of demand, particularly in turbine housings, energy plant components, and high-precision castings. More than 35% of demand comes from Asia Pacific due to rapid energy expansion.

Power Generation and Electricity applications accounted for USD 0.86 Billion in 2025, representing 15% of the market. This segment is expected to grow at a CAGR of 3.5% from 2025 to 2034, supported by renewable energy projects, turbine modernization, and infrastructure investment.

Top 3 Major Dominant Countries in the Power Generation and Electricity Application Segment

• China led with USD 0.29 Billion in 2025, holding a 34% share, projected to grow at a CAGR of 3.7% due to energy infrastructure expansion.
• United States accounted for USD 0.19 Billion in 2025 with a 22% share, expected to grow at a CAGR of 3.4% due to modernization of power plants.
• India captured USD 0.16 Billion in 2025 with a 19% share, projected to grow at a CAGR of 3.5% driven by electricity demand and renewable projects.

Other

Other applications, including construction tools, consumer products, and specialized casting, make up about 10% of the market. Nearly 30% of this demand comes from emerging markets where industrial activity is rapidly growing.

Other applications accounted for USD 0.57 Billion in 2025, representing 10% of the total market. This segment is projected to grow at a CAGR of 3.0% from 2025 to 2034, driven by diversified end-use industries and rapid modernization in smaller economies.

Top 3 Major Dominant Countries in the Other Application Segment

• Mexico led with USD 0.18 Billion in 2025, holding a 32% share, projected to grow at a CAGR of 3.1% due to consumer and construction products.
• Turkey accounted for USD 0.15 Billion in 2025 with a 26% share, expected to grow at a CAGR of 2.9% supported by industrial manufacturing.
• Indonesia captured USD 0.12 Billion in 2025 with a 21% share, projected to grow at a CAGR of 3.0% driven by construction and consumer goods.

Foundry Equipment Market Regional Outlook

The global foundry equipment market size was USD 5.57 Billion in 2024 and is expected to reach USD 5.75 Billion in 2025, projected to expand to USD 7.77 Billion by 2034 at a CAGR of 3.4%. Regionally, Asia-Pacific dominates with 40% share, North America holds 25%, Europe contributes 23%, and Middle East & Africa accounts for 12%. Each region shows distinct industry drivers, with Asia-Pacific leading in large-scale manufacturing, North America focusing on automotive and aerospace, Europe emphasizing precision engineering, and Middle East & Africa expanding industrial capacity.

North America

North America maintains 25% of the global foundry equipment market share, supported by strong demand in automotive, aerospace, and defense sectors. Around 35% of installations are concentrated in the United States, while Canada and Mexico collectively contribute nearly 18%. Automation adoption has reached 40% of foundries in the region, and more than 32% of OEMs are investing in lightweight alloy casting equipment.

North America accounted for USD 1.44 Billion in 2025, representing 25% of the total market. Growth is driven by aerospace requirements, rising EV production, and demand for advanced machinery.

North America - Major Dominant Countries in the Market

• United States led North America with a market size of USD 0.80 Billion in 2025, holding 56% share due to advanced aerospace and automotive industries.
• Mexico accounted for USD 0.36 Billion in 2025 with 25% share, supported by rising automotive exports.
• Canada captured USD 0.28 Billion in 2025 with 19% share, led by industrial machinery growth.

Europe

Europe holds 23% of the global market share, led by Germany, France, and Italy. More than 30% of Europe’s share comes from advanced automotive and industrial machinery production. Germany alone represents over 38% of regional demand, while France contributes 22% with aerospace applications. Nearly 28% of foundries in Europe are shifting to fully automated molding systems.

Europe accounted for USD 1.32 Billion in 2025, representing 23% of the total market. Growth is supported by industrial automation, demand for high-quality alloys, and strong aerospace manufacturing.

Europe - Major Dominant Countries in the Market

• Germany led with USD 0.50 Billion in 2025, holding 38% share due to automotive and machinery strength.
• France captured USD 0.29 Billion in 2025 with 22% share, supported by aerospace growth.
• Italy accounted for USD 0.22 Billion in 2025 with 17% share, driven by precision equipment demand.

Asia-Pacific

Asia-Pacific dominates with 40% of the global market, driven by China, India, and Japan. Nearly 45% of global automotive casting demand originates here. China accounts for 50% of the region’s share, while India holds 28% and Japan contributes 15%. More than 42% of foundries in Asia-Pacific are adopting induction furnaces for energy-efficient melting solutions.

Asia-Pacific accounted for USD 2.30 Billion in 2025, representing 40% of the total market. Expansion is supported by rapid industrialization, automotive growth, and large-scale manufacturing capacity.

Asia-Pacific - Major Dominant Countries in the Market

• China led with USD 1.15 Billion in 2025, holding 50% share due to large-scale industrial output.
• India captured USD 0.64 Billion in 2025 with 28% share, supported by infrastructure and automotive growth.
• Japan accounted for USD 0.34 Billion in 2025 with 15% share, driven by high-precision casting.

Middle East & Africa

Middle East & Africa represents 12% of the global market, led by Saudi Arabia, UAE, and South Africa. Around 38% of demand originates from infrastructure projects, while 30% comes from industrial equipment needs. Foundries in this region are expanding, with nearly 25% investing in modern molding and blasting technologies.

Middle East & Africa accounted for USD 0.69 Billion in 2025, representing 12% of the total market. Growth is supported by energy projects, construction investments, and industrial modernization.

Middle East & Africa - Major Dominant Countries in the Market

• Saudi Arabia led with USD 0.27 Billion in 2025, holding 39% share due to energy and construction projects.
• UAE accounted for USD 0.22 Billion in 2025 with 32% share, supported by infrastructure development.
• South Africa captured USD 0.14 Billion in 2025 with 20% share, driven by mining and heavy industries.

List of Key Foundry Equipment Market Companies Profiled

Investment Analysis and Opportunities in Foundry Equipment Market

Investments in foundry equipment are accelerating, with more than 30% of companies allocating budgets toward automation. Around 28% of firms are prioritizing eco-friendly induction furnaces, while 25% focus on high-efficiency molding machines. Nearly 35% of small-to-medium enterprises are seeking partnerships to upgrade their facilities, and 20% of large corporations are diversifying into advanced blasting and cleaning technologies. Opportunities are emerging in Asia-Pacific, accounting for 40% of new installations, while Europe focuses 23% of investments on high-precision solutions. Over 18% of capital is directed toward workforce training, ensuring smoother transitions to digitalized systems.

New Products Development

Product innovation is reshaping the foundry equipment market, with 32% of manufacturers introducing automation-integrated systems. Around 27% have developed energy-efficient induction furnaces, while 22% are launching eco-friendly coremaking machines. Nearly 18% of new products emphasize digital monitoring and predictive maintenance to minimize downtime. Asia-Pacific drives 40% of global product launches, followed by North America at 25% and Europe at 23%. More than 35% of R&D budgets are now allocated to sustainability-focused designs, reflecting industry-wide efforts to improve efficiency and reduce environmental impact.

Developments

• Buhler: Introduced a new die casting solution with 20% higher efficiency, enhancing productivity for automotive manufacturers.
• Inductotherm: Launched a digital induction furnace system, with 25% reduced energy consumption and better temperature control.
• Sinto: Expanded its automation product line, reporting 30% faster molding processes in pilot foundries.
• Norican: Developed smart blasting technology, achieving 22% improvement in surface finishing across heavy industries.
• Wheelabrator: Deployed a hybrid blasting system with 18% lower operational costs and higher durability, adopted in aerospace foundries.

Report Coverage

The foundry equipment market report provides a comprehensive SWOT analysis. Strengths include strong industrial demand, with 40% of growth led by Asia-Pacific and 25% by North America. Weaknesses highlight high capital costs, affecting nearly 36% of SMEs globally. Opportunities lie in automation and eco-friendly technologies, with 32% of foundries adopting digital casting systems and 28% investing in sustainability-focused machines. Threats include skilled labor shortages, impacting 33% of companies, and rising operational costs influencing 20% of industrial players. The coverage highlights segmentation by type and application, including die casting, molding, induction furnaces, and shot blasting machines, along with regional outlooks showing Asia-Pacific dominance at 40%, Europe at 23%, North America at 25%, and Middle East & Africa at 12%. It also details market drivers such as automotive adoption at 35%, aerospace at 12%, machinery at 20%, shipbuilding at 8%, and power generation at 15%. The competitive landscape features top companies like Buhler with 12% share and Inductotherm with 10% share, while new entrants face entry barriers due to 29% citing financial constraints. This report ensures holistic insights into growth patterns, market structure, and investment opportunities.