Core Making Equipment Research:CAGR of 9.75% 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 Product Definition



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.



Core Making Equipment Market Summary

Research Background:

In recent years, China's core-making equipment industry has grown rapidly against the backdrop of an expansion in the manufacturing industry, particularly in the automotive, aerospace and heavy machinery sectors. With an emphasis on self-sufficiency and innovation, domestic core-making equipment has made significant progress, with research and development focused on improving automation, precision and efficiency to meet the needs of large-scale industrial production. In addition, increasingly stringent environmental policies have also forced the industry to seek more environmentally friendly core-making solutions, thereby increasing the research enthusiasm for inorganic processes and other new core-making technologies. Overall, China's core-making equipment industry is facing development opportunities driven by both technological progress and market demand.



Development Status:

China's core-making equipment industry is in a stage of rapid development and technological innovation, gradually getting rid of its dependence on foreign imports and becoming a major player in the global market. By improving the level of automation and intelligent manufacturing, combined with advanced robotics and control modules, manufacturers have improved production efficiency and product quality, especially in the production of high-performance core-making machines, aiming to reduce manual labor and ensure production consistency. At the same time, the industry also pays attention to environmental sustainability and is committed to reducing adhesive emissions and improving energy efficiency. Driven by strong demand in the automotive, aerospace and heavy machinery sectors, the core-making equipment industry is expected to achieve further growth.



Future Trends:

Smart Manufacturing and Automation
The integration of robots, artificial intelligence and the Internet of Things with the core-making process will continue to advance, achieving fully automated production lines and minimizing human intervention. Smart manufacturing technologies will improve precision, reduce errors and increase productivity.

Environmental Sustainability
Companies will pay more attention to developing environmentally friendly core-making technologies, including reducing harmful emissions of adhesives and adopting energy-saving machinery. Sustainability will become a key competitive factor driven by domestic regulations and global market demand.

Customization and Flexibility
Core-making equipment will become more adaptable, capable of producing cores for a wider range of applications and geometries. This will involve modular design and reconfigurable systems, providing manufacturers with greater flexibility.

Capacity Sharing
The high cost of high-end core-making equipment has put pressure on equipment investment in downstream foundries, limiting the process upgrades of small and medium-sized foundries. The capacity sharing platform provides sand core OEM services for foundries, prompting equipment companies to shift from traditional equipment provision to service-oriented manufacturing, reduce equipment investment and improve capacity utilization. In the future, collaboration and resource optimization within the industry will improve production efficiency, reduce investment costs, and enhance the ability of companies to flexibly respond to market changes by sharing equipment and technology, thereby promoting overall competitiveness and sustainable development.



SWOT Analysis:

Strengths
Market demand: The growing demand for high-precision, high-performance core-making equipment in the rapidly developing domestic and international automotive, aerospace and heavy machinery industries has promoted the development of the industry.

Technological progress: The increasing investment in automation, robotics and control systems has greatly improved the precision and efficiency of core-making machines.

Policy support: The country's emphasis on manufacturing and the support of relevant policies have contributed to the rapid development of the industry.

Weaknesses
Innovation gap: Despite improvements, there is still a gap in cutting-edge innovation compared with global leading competitors in regions such as Europe.

Intense market competition: There are many competitors in the industry, and price wars may affect profit margins.

Limited international brand recognition: Many Chinese core-making equipment manufacturers lack strong global brand influence and face challenges in penetrating Western markets.

Opportunities
Global market expansion: The growing demand for cost-effective core-making machines provides opportunities for Chinese manufacturers to expand exports.

Green manufacturing trend: Strengthening environmental regulations has driven the demand for green technology and sustainable products. Developing more environmentally friendly core-making technologies will not only help achieve domestic environmental protection goals, but also enable China to become a global leader in sustainable industrial solutions.

Threats
Intensified technological competition: Rapid development of foreign technology and intensified competition may threaten the market position of domestic enterprises.

Risk of economic fluctuations: Global economic fluctuations may have an impact on industry demand and lead to market instability.

Environmental regulations: Stricter domestic and international environmental standards may increase production costs, especially for small manufacturers who find it difficult to comply with the standards.



According to the new market research report " China Core Making Equipment Market Report 2024-2030", published by QYResearch, the China Core Making Equipment market size is projected to grow from USD 89.17 million in 2023 to USD 167.61 million by 2030, at a CAGR of 9.75% during the forecast period.



China Core Making Equipment MarketSize(US$ Million), 2019-2030
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Above data is based on report from QYResearch: China Core Making Equipment Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.



China Core Making Equipment Top10Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
241015-174337.webp (22 KB)

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

This report profiles key players of Core Making Equipment such as Mingzhi Technology, SUZHU Foundry Machinery

In 2023, the China top five Core Making Equipment players account for 65% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Core Making Equipment.



Core Making Equipment,China Market Size, Split by Product Segment
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Based on or includes research from QYResearch: China 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 38.5%.



In terms of product application, currently Automobile is the largest segment, hold a share of 44.5%.







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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QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 17 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have established offices in 7 countries (include United States, Germany, Switzerland, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.

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