Core Making Equipment Research:CAGR of 9.7% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report “Core Making Equipment- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”. Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

Core making equipment refers to machinery used in the manufacturing process to create cores for metal casting molds. These cores are essential for shaping internal cavities or hollow sections in cast metal parts. The equipment typically includes various types of machines such as core shooters, which inject a mixture of sand and binder into core boxes to form the core; core sand mixers, which prepare the sand mixture; and core ovens or curing systems, which harden the sand cores to achieve the desired strength. Core making equipment ensures precise and efficient production of complex core shapes required for high-quality castings in industries like automotive, aerospace, and heavy machinery.

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Core Making Equipment Market Summary

According to the new market research report “Asia Core Making Equipment Market Report 2024-2030”, published by QYResearch, the Asia Core Making Equipment market size is projected to reach USD 0.21 billion by 2030, at a CAGR of 9.7% during the forecast period.

In terms of product types, cold core process core making machines occupy an important position, and it is expected that the share will reach 44.62% in 2030. Cold core process core making machines are new technologies that have been gradually promoted in recent years. They have good sand shooting effects and high sand shooting efficiency, and have a large market capacity in the future. It is expected that the market share will gradually increase, replacing some hot core process core making machines on the market. Inorganic process core making machines are difficult to develop and have high equipment costs. The current market capacity is small, but due to their green and environmentally friendly characteristics, they have strong development potential.

In terms of application, since core making equipment is a large-scale equipment used in sand casting, and more than 40% of sand casting is used in the automotive industry, the automotive industry is also the largest downstream application of core making equipment.

At the same time, the core-making equipment market is moving towards high automation, integrating robots and intelligent systems to improve production accuracy and efficiency while minimizing human errors. This shift is characterized by a shift from stand-alone machines to intelligent systems that can automate the entire process, supported by modern technologies such as 5G and big data. In addition, manufacturers also focus on energy conservation and emission reduction and sustainable practices, while pursuing higher quality sand cores by optimizing processes.

Product customization is becoming a major trend, allowing flexible adjustments to meet specific project needs. However, the high cost of advanced equipment poses a challenge to small and medium-sized foundries, driving the shift to service-oriented manufacturing and capacity sharing platforms. Overall, collaboration and resource optimization within the industry will improve production efficiency, reduce costs, and increase adaptability to market changes, thereby enhancing competitiveness and sustainability.

This report shows that cold core process core making machines, hot core process core making machines, inorganic process core making machines and core making auxiliary equipment are key components of the industry. As the demand for high-quality castings increases, the technology of these equipment continues to improve, driving market growth. In particular, inorganic process core making machines are favored by more and more manufacturers due to their environmentally friendly characteristics. In addition, market competition is becoming increasingly fierce, and major manufacturers need to maintain their competitive advantages through technological innovation and product optimization. Overall, the core making equipment market has broad prospects and huge room for future development.

• AsiaCore Making Equipment MarketSize (US$ Million), 2019-2030

Above data is based on report from QYResearch: Asia Core Making Equipment Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

• Asia Core Making Equipment Top18Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

Above data is based on report from QYResearch: Asia Core Making Equipment Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the Asia key manufacturers of Core Making Equipment include Mingzhi Technology, SUZHU Foundry Machinery, Suzhou Sunshine Machinery Manufacture, Laempe Mössner Sinto, Shenglin Mechanics, etc. In 2023, the global top five players had a share approximately 62.0% in terms of revenue.

• Core Making Equipment,Asia Market Size, Split by Product Segment

Based on or includes research from QYResearch: Asia Core Making Equipment Market Report 2024-2030.

In terms of product type, currently Cold Core Process Machine is the largest segment, hold a share of 38.7%.

In terms of product application, currently Automobile is the largest segment, hold a share of 42.0%.

Market Drivers:

Technological progress: Continuous technological innovations in cold core, hot core and inorganic processes have promoted the development of core making equipment and improved its adaptability and efficiency. At the same time, innovations in automation, artificial intelligence and the Internet of Things are also improving the efficiency and precision of the core making process.

Sustainable development: Increasingly stringent environmental regulations have prompted companies to seek more environmentally friendly production processes, promoting the use of equipment such as inorganic process core making machines. The growing demand for environmentally friendly and recyclable materials has prompted the development of sustainable core making solutions.

Customized demand: The increase in customer demand for personalized and customized products has promoted the improvement of the flexibility and versatility of core making equipment. As the industry requires more customized solutions, equipment that can easily adapt to different core making processes (cold, hot, inorganic) will gain a larger market.

Increased demand from end-user industries: With the upgrading of the manufacturing industry, especially the increase in demand for high-performance materials in the automotive, aerospace and other industries, the demand for high-quality cores has been driven, and the demand for core making equipment has also increased accordingly.

Restraint:

Technology obsolescence: The rapid development of new technologies may cause existing equipment to quickly become obsolete, and companies need to continuously invest in research and development to remain competitive.

Demand fluctuations: Changes in the overall economic situation of the manufacturing industry and fluctuations in demand from downstream industries may directly affect the sales and order volume of core-making equipment. Changes in end-user industries (such as automotive and aerospace) may lead to unpredictable demand for core-making equipment, thereby affecting sales and production plans.

Raw material price fluctuations: Price fluctuations in raw materials (such as steel, alloy materials, etc.) required for the manufacture of core-making equipment may affect production costs and profit margins.

Integration challenges: Integrating new core-making technologies with existing systems may be challenging and require additional investment in training and infrastructure.

Opportunity:

Automation and Industry 4.0 integration: The core-making process is transforming towards high automation, with robots and intelligent system integration to improve production accuracy, efficiency and repeatability and reduce human errors. At the same time, the deep integration of information technology and equipment manufacturing has prompted the core-making equipment industry to transform from stand-alone equipment to intelligent systems, realizing automated full-process production, including core making, coring, core assembly and testing. Intelligent core-making equipment will have networking capabilities, support integration with industrial robots and other systems, and use modern information technology such as 5G and big data to achieve precise control and efficiency improvement, and build efficient intelligent casting workshops, which will become a key trend in the future development of the industry.

Energy efficiency: Manufacturers are reducing the energy consumption of core-making equipment to achieve cost savings and sustainable development goals, while adopting new technologies to optimize heating and cooling systems. The core-making equipment industry is committed to improving the quality of sand cores, pursuing higher density, precision and efficiency, and the future development trend is green, intelligent and shared. The non-mechanical core-making process is widely used in aluminum alloy casting due to its environmentally friendly characteristics, but the core-making efficiency and waste sand recovery rate need to be improved. Optimizing core-making technology can reduce scrap rates and improve the dimensional accuracy of sand cores, thereby reducing material and energy consumption and achieving material and energy saving effects.

Customization and modularization: Core-making equipment is moving towards customization and modularization, enabling users to flexibly adjust according to project requirements, reduce downtime and improve production efficiency. At the same time, the industry trend is shifting from stand-alone manufacturing to system integration, and foundries are more inclined to cooperate with suppliers with complete sets of equipment and automation transformation capabilities to reduce plant requirements and maintenance costs, and improve collaborative operation efficiency and product quality. Therefore, the demand for integrated core-making units continues to increase.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Core Making Equipment market is segmented as below:

By Company

    Laempe Reich
    Primafond
    Loramendi
    Disamatic
    Omega Sinto
    Palmer Manufacturing
    Carpenter Brothers
    Euromac
    EMI
    SUZHU Foundry Machinery
    Lüber
    Mingzhi Technology
    Lionstech
    Delin Intelligent Technology

Segment by Type

    Core Shooter
    Shell Core Machine

Segment by Application

    Automobile
    Machinery
    Aerospace
    Shipbuilding
    Others

Each chapter of the report provides detailed information for readers to further understand the Core Making Equipment market:

Chapter 1: Introduces the report scope of the Core Making Equipment report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)

Chapter 2: Detailed analysis of Core Making Equipment manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)

Chapter 3: Provides the analysis of various Core Making Equipment market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)

Chapter 5:  Sales, revenue of Core Making Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)

Chapter 6:  Sales, revenue of Core Making Equipment in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Core Making Equipment competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Core Making Equipment comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Core Making Equipment market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:

Global and United States Core Making Equipment Market Report & Forecast 2024-2030
Global Core Making Equipment Market Research Report 2024
Global Core Making Equipment Market Insights, Forecast to 2030

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