Foundry tools market was valued at $5,311.5 million in 2025 and is projected to reach $10,397.3 million by 2035, growing at a CAGR of 6.5% during the forecast period (2026-2035). The foundry tools market is expanding due to increasing semiconductor complexity, rising demand for automotive and industrial electronics, and continued investments in advanced manufacturing technologies. As per IEA report, China is expected to maintain its leadership in electric vehicle (EV) sales through 2030, with around 80% market share, supported by competitive pricing and strong market momentum. Europe’s EV adoption is projected to reach close to 60%, while the United States sees a more modest increase to around 20% by 2030. In Southeast Asia, EV adoption is accelerating, with 1 in 4 cars and nearly 1 in 3 two- or three-wheelers expected to be electric by 2030.
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So the growth is being fundamentally reshaped by the "Electric Vehicle (EV) Transition," which has shifted the demand from traditional iron-based engine castings to high-precision, lightweight aluminum and magnesium components.
Electric Vehicles Fueling Growth in Foundry Tools Market
The rapid global adoption of electric vehicles (EVs) is emerging as a major catalyst for growth in the foundry tools market, as EVs require significantly higher semiconductor content compared to internal combustion engine vehicles. On average, an EV uses more semiconductors per vehicle, increasing demand for advanced foundry processes and the tools required to manufacture them.
Beyond higher semiconductor content, EVs rely heavily on high-voltage power electronics for battery charging, traction inverters, and energy conversion. These systems increasingly use silicon carbide (SiC) and advanced power nodes, which require specialized foundry tools such as high-temperature furnaces, epitaxial reactors, advanced plasma etching systems, and precision metrology tools.
Also, now automakers are increasingly abandoning traditional multi-part assemblies for Gigacasting (the process of casting large vehicle chassis sections in a single piece) as it solves the issue of extreme weight and slow assembly lines. And this trend is drastically increasing the demand for massive, high-pressure die-casting (HPDC) tools and specialized finishing equipment.

Key Development in the Foundry Tool Market
Market Coverage
Key questions addressed by the report.
Global Foundry Tools Market Report Segment
By Type
By Application
Global Foundry Tools Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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