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Competitive Landscape, Trends, and Drivers of Change in the Foundry Industry

2023-08-16

Against the backdrop of a global shift in the casting industry from developed to developing countries, China has emerged as one of the world’s leading producers and consumers of die-cast products. However, the domestic casting industry remains highly fragmented: according to statistics from the China Foundry Association, there are more than 3,000 casting enterprises in China, yet the vast majority are small in scale, resulting in intense market competition.

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