Green Sand Molding Machine Market Size, Share, Growth, and Industry Analysis, By Type (Vertical Green Sand Molding Machine, Horizontal Green Sand Molding Machine), By Application (Automotive, General Machinery, Aerospace and Military, Rail, Others), Regional Forecast By 2031

Updated On: 29 April 2024

Green Sand Molding Machine Market Report Overview

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The global green sand molding machine market size was USD 1552 million in 2022, as per our research, the market is expected to reach USD 1938.18 million in 2031, exhibiting a CAGR of 2.5% during the forecast period. 

The global COVID-19 pandemic has been unprecedented and staggering, with Green Sand Molding Machine market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

To create molds for high-quality ferrous and non-ferrous castings, green sand molding is a versatile, quick, and affordable method. Silica sand is combined with water, bentonite, and other additions, like coal dust for iron purposes, to create green sand. This wet mixture can be compressed into a solid block that can safely hold the molten metal. Sand is compressed against a pattern plate by machinery during the automatic mold-making process. In each of the two mold halves, this creates an impression of the portion that will be cast. After that, the mold is sealed, leaving a space for the molten metal to fill. The casting is removed from the mold after cooling, and the green sand can be utilized again.

With the use of vertical molding equipment, a line of flaskless molds is produced, which are then vertically divided and filled. For the high volume manufacture of precise castings, it offers the greatest molding rates along with good quality. The conventional method for automating green sand molding is horizontal molding. Although it can also manufacture huge quantities of smaller castings like brake discs, it is often used by foundries manufacturing massive, heavy castings in lower volumes.

COVID-19 Impact: Pandemic Increased the Market Demand due to the rising product demand

Although stretch blow molding machines have been used by manufacturers for a while to produce products with unusual shapes, the pandemic saw a sharp rise in demand. One thing was how hard it was to get hand sanitizer. Another was the proliferation of businesses attempting to sell their goods everywhere. Hence, leading manufacturers needed a strategy to both satisfy client needs and set their products apart.

Latest Trends

"Adoption of different manufacturing methods to Fuel Market Growth"

Several producers furthermore employed an accumulator head blow moulding machine in addition to more typical tools. By using this technique, the extruder of the machine goes forward and backward in a manner similar to an injection moulding machine. It also results in a superior and affordable final product.

Green Sand Molding Machine Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into vertical green sand molding machine, horizontal green sand molding machine.

• By Application Analysis

Based on application, the market can be divided into automotive, general machinery, aerospace and military, rail, and others.

Driving Factors

"Packaging industry to Stimulate Market Demand"

The packaging industry is expanding quickly as a result of advancements in packaging technology, an increase in consumer demand for packaged goods, and the need for environmentally friendly packaging. Rural areas are increasingly adopting packaged goods, and the demand for packaged goods is rising along with the middle-class population. The per capita expenditure on packaged goods has increased as a result of these reasons.

"Expansion of e-commerce sectors to offer lucrative growth opportunities"

The packaging sector is expanding as a result of the rising urban population, rising packaged goods spending by consumers, the growth of e-commerce, and organized retail. Several types of packaging have been adopted as a result of the intensifying competition among package makers. This is boosting the market for rigid plastic packaging, which in turn is fueling the packaging industry's demand for green sand molding equipment.

Restraining Factors

"High initial and maintenance costs of machines to Restrict Market Growth"

Due to dynamic servomotors, an all-electric green sand molding machine offers the best acceleration performance, increased repeatability, quicker, and reduced noise. The sophisticated technology of all-electric equipment is what drives their high initial investment costs. Another disadvantage is the extensive maintenance needed in waste situations. When a motor fails, the entire system must be replaced, which raises maintenance costs dramatically and affects the cost of production.

Green Sand Molding Machine Market Regional Insights

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"Growing Demand in Asia Pacific to Boost Regional Expansion"

The Asia Pacific region has large, rapidly developing nations like China and India. As a result, the region has enormous potential for growth in the majority of sectors. Many manufacturers have chances in the rapidly growing market for molding machines. Asia-Pacific is home to around 61.0% of the world's population, and its manufacturing and processing sectors are growing significantly. Growing disposable incomes and rising living standards in developing countries in the Asia Pacific are the key drivers of this business.

Key Industry Players

"Adoption of Innovative Strategies by Key Players Influencing Market Development"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Sinto
• DISA
• Baoding Well
• Loramendi (Mondragon)
• KÜNKEL WAGNER
• Tokyu
• Hunter Foundry Machinery Corporation
• Koyo
• Küttner Savelli
• SUZHU Foundry Machinery
• Juzhu Intelligent Technology
• Guangdong Zhongzhu Machinery Equipment

Report Coverage

This report examines an understanding of the Green Sand Molding Machine  market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.