Foundry Service Market, By Material Type (Ferrous Metals, Non-Ferrous Metals, Others), By Process Type (Sand Casting, Investment Casting, Die Casting, Permanent Mold Casting, Centrifugal Casting, Others), By End-Use Industry (Automotive, Aerospace and Defense, Electrical and Electronics, Machinery and Equipment, Construction, Energy and Power, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : Dec 2023

Code : CMI5953

Pages :210

Formats :

Excel and PDF

Industry : Semiconductors

Regional Analysis

Foundry Service Market Regional Insights

In 2023, the foundry service market is expected to be dominated by the Asia Pacific region, capturing over 40% of the market share. This can be attributed to the presence of major foundry service providers in countries such as China, India, and Japan. China holds the position of the largest foundry service market globally, with a share of over 30%. India follows as the second-largest market, accounting for over 15% of the global market share, while Japan ranks third with a share of over 10%.

North America is projected to be the second-largest foundry service market in 2023, with a share of over 20%. This is primarily due to the presence of significant foundry service providers in the U.S. and Canada. The U.S. stands as the fourth-largest foundry service market globally, holding a share of over 5%. Canada follows as the sixth-largest market, contributing over 3% to the global market share.

Europe is anticipated to hold the position of the third-largest foundry service market in 2023, accounting for over 15% of the market share. This can be attributed to the presence of major foundry service providers in countries like Germany, Italy, and France. Germany ranks as the fifth-largest foundry service market globally, with a share of over 4%. Italy follows as the seventh-largest market, contributing over 3% to the global market share, while France holds the eighth-largest position with a share of over 2%.

North America: U.S. and Canada

Latin America: Brazil, Argentina, Mexico, and Rest of Latin America

Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe

Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific

Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East