Market Overview:
The Global Ingot Casting Machine Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for ingots in various end-use industries such as automotive, agricultural, power systems, aerospace, and machinery & engineering. In addition, the growing demand for lightweight and high-strength materials across different industries is also propelling the growth of the global ingot casting machine market. Based on type, the global ingot casting machine market can be segmented into full automatic ingot casting machines and semi-automatic ingot casting machines. The full automatic segment is projected to register higher growth during the forecast period owing to its advantages such as low labor cost and high production efficiency over semi-automatic machines.
Product Definition:
An ingot casting machine is a piece of equipment used to produce metal ingots by pouring molten metal into a mold. The importance of an ingot casting machine is that it allows for the mass production of metal ingots, which can then be used for various purposes such as manufacturing or construction.
Full Automatic Ingot Casting Machine:
Full automatic ingot casting machine is used to cast metal in forms such as blocks, bars and sheets. It’s also known as continuous casting machine or semi-automatic ingot casting machine. Full automatic machines are designed to handle large volumes of molten metal at a time and can produce high quality products with consistent shapes & sizes.
Semi Automatic Ingot Casting Machine:
Semi automatic ingot casting machine is used in the manufacturing process of metal alloys. It is also known as semi-automatic alloying or semi-automatic melting (manual control) machine. Semi automatic ingot casting machines are widely used for small scale production and specialty work shops which require high volume at a time but low weight products.
Application Insights:
Automotive application segment accounted for the largest share of over 30.0% in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing production of vehicles across the world coupled with rising demand from developing countries such as India, China and Brazil. Ingot casting machines are used for producing automotive components such as engine blocks, transmission cases, air boxes, hoods & roofs along with other small parts that are required in large quantities.
The agricultural equipment segment is expected to grow at a CAGR of XX% during the forecast period owing to increased investment by governments across various countries in order to improve agricultural productivity.
Regional Analysis:
Asia Pacific dominated the global ingot casting machine market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing demand for industrial machinery and investments in various infrastructure projects. China is projected to be a key country in this region due to its large population and rapid economic growth.
Europe accounted for a significant share of global revenue, owing to high demand from automotive industry coupled with stringent regulations on vehicle pollution levels by European government agencies such as ECHA, EU etc.
Growth Factors:
- Increasing demand for automobiles due to rising population and income levels in developing countries is expected to drive the growth of the ingot casting machine market over the forecast period.
- Growing demand for lightweight vehicles due to stringent government regulations regarding fuel efficiency is also anticipated to boost the market growth.
- Increasing penetration of electric vehicles across different regions is projected to create new opportunities for ingot casting machine manufacturers in the coming years.
- Rising trend of customization and personalization in automotive sector is expected to favor market growth during the forecast period. 5) Technological advancements such as introduction of 3D printing technology for manufacturing automotive components are likely to provide lucrative opportunities for players operating in this market over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Ingot Casting Machine Market Research Report
By Type
Full Automatic Ingot Casting Machine, Semi Automatic Ingot Casting Machine
By Application
Automotive, Agricultural, Power Systems, Aerospace, Machinery And Engineering, Others
By Companies
Buhler, Hertwich, Frech, HORMESA, Melting Solutions, WORSWICK, Sistem Teknik, Befesa Aluminium, UBE Machinery, T. Masters, Buhler, Unionsum, Economy Industrial, Entec Industrial Furnaces, Novelis PAE, Hunan Jiangye Electromechanical, Shandong Huaxin Electric Furnace, Qingdao Bestech Machinery
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Ingot Casting Machine Market Report Segments:
The global Ingot Casting Machine market is segmented on the basis of:
Types
Full Automatic Ingot Casting Machine, Semi Automatic Ingot Casting Machine
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Agricultural, Power Systems, Aerospace, Machinery And Engineering, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Buhler
- Hertwich
- Frech
- HORMESA
- Melting Solutions
- WORSWICK
- Sistem Teknik
- Befesa Aluminium
- UBE Machinery
- T. Masters
- Buhler
- Unionsum
- Economy Industrial
- Entec Industrial Furnaces
- Novelis PAE
- Hunan Jiangye Electromechanical
- Shandong Huaxin Electric Furnace
- Qingdao Bestech Machinery
Highlights of The Ingot Casting Machine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Full Automatic Ingot Casting Machine
- Semi Automatic Ingot Casting Machine
- By Application:
- Automotive
- Agricultural
- Power Systems
- Aerospace
- Machinery And Engineering
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ingot Casting Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An ingot casting machine is a type of metalworking equipment used to cast large pieces of metal. It consists of a die, an oven, and a mold. The die is heated until it becomes very hot, then the molten metal is poured into the die and forced out through the opening at the top. The molten metal flows around the inside of the die and cools quickly so that it can be solidified into a piece of cast iron or steel.
Some of the major players in the ingot casting machine market are Buhler, Hertwich, Frech, HORMESA, Melting Solutions, WORSWICK, Sistem Teknik, Befesa Aluminium, UBE Machinery, T. Masters, Buhler, Unionsum, Economy Industrial, Entec Industrial Furnaces, Novelis PAE, Hunan Jiangye Electromechanical, Shandong Huaxin Electric Furnace, Qingdao Bestech Machinery.
The ingot casting machine market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ingot Casting Machine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ingot Casting Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ingot Casting Machine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ingot Casting Machine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ingot Casting Machine Market Size & Forecast, 2018-2028
4.5.1 Ingot Casting Machine Market Size and Y-o-Y Growth
4.5.2 Ingot Casting Machine Market Absolute $ Opportunity
Chapter 5 Global Ingot Casting Machine Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Ingot Casting Machine Market Size Forecast by Type
5.2.1 Full Automatic Ingot Casting Machine
5.2.2 Semi Automatic Ingot Casting Machine
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ingot Casting Machine Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Ingot Casting Machine Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Agricultural
6.2.3 Power Systems
6.2.4 Aerospace
6.2.5 Machinery And Engineering
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ingot Casting Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ingot Casting Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Ingot Casting Machine Analysis and Forecast
9.1 Introduction
9.2 North America Ingot Casting Machine Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Ingot Casting Machine Market Size Forecast by Type
9.6.1 Full Automatic Ingot Casting Machine
9.6.2 Semi Automatic Ingot Casting Machine
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Ingot Casting Machine Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Agricultural
9.10.3 Power Systems
9.10.4 Aerospace
9.10.5 Machinery And Engineering
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Ingot Casting Machine Analysis and Forecast
10.1 Introduction
10.2 Europe Ingot Casting Machine Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Ingot Casting Machine Market Size Forecast by Type
10.6.1 Full Automatic Ingot Casting Machine
10.6.2 Semi Automatic Ingot Casting Machine
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Ingot Casting Machine Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Agricultural
10.10.3 Power Systems
10.10.4 Aerospace
10.10.5 Machinery And Engineering
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Ingot Casting Machine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ingot Casting Machine Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Ingot Casting Machine Market Size Forecast by Type
11.6.1 Full Automatic Ingot Casting Machine
11.6.2 Semi Automatic Ingot Casting Machine
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Ingot Casting Machine Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Agricultural
11.10.3 Power Systems
11.10.4 Aerospace
11.10.5 Machinery And Engineering
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Ingot Casting Machine Analysis and Forecast
12.1 Introduction
12.2 Latin America Ingot Casting Machine Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Ingot Casting Machine Market Size Forecast by Type
12.6.1 Full Automatic Ingot Casting Machine
12.6.2 Semi Automatic Ingot Casting Machine
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Ingot Casting Machine Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Agricultural
12.10.3 Power Systems
12.10.4 Aerospace
12.10.5 Machinery And Engineering
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Ingot Casting Machine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ingot Casting Machine Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Ingot Casting Machine Market Size Forecast by Type
13.6.1 Full Automatic Ingot Casting Machine
13.6.2 Semi Automatic Ingot Casting Machine
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Ingot Casting Machine Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Agricultural
13.10.3 Power Systems
13.10.4 Aerospace
13.10.5 Machinery And Engineering
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ingot Casting Machine Market: Competitive Dashboard
14.2 Global Ingot Casting Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Buhler
14.3.2 Hertwich
14.3.3 Frech
14.3.4 HORMESA
14.3.5 Melting Solutions
14.3.6 WORSWICK
14.3.7 Sistem Teknik
14.3.8 Befesa Aluminium
14.3.9 UBE Machinery
14.3.10 T. Masters
14.3.11 Buhler
14.3.12 Unionsum
14.3.13 Economy Industrial
14.3.14 Entec Industrial Furnaces
14.3.15 Novelis PAE
14.3.16 Hunan Jiangye Electromechanical
14.3.17 Shandong Huaxin Electric Furnace
14.3.18 Qingdao Bestech Machinery
