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Link to Report: bit.ly/21q8L5l
Technavio’s research analyst predicts the global foundry equipment market to grow at a CAGR of more than 5% during the forecast period. The increase in production of light vehicles worldwide is a key growth driver for this market. China currently dominates the global light vehicles production market. The growth in production of light vehicles will create demand for new cast metal parts globally and also lead to the replacement of old metal casting products with more energy efficient metal casting solutions.