Pune, India, August 2023, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Investment Casting Market.
Investment Casting Market Highlights
The MRFR analysis reports state that the global Investment Casting market was worth nearly USD 15 Billion in 2022. The reports further project the market worth to attain around USD 26 Billion by the end of 2032 while thriving at a substantial growth rate of around 6.00%.
The global Investment Casting market has grown in the last few years. The main aspects causing a surge in the performance of the market are its control of the close dimensional structure & good surface, extensive use in the manufacturing of the components used in aircraft, and increased demand in the defense industry.
Segment Analysis
The global market for Investment Casting is fragmented into various segments based on Application, Type, and region.
Based on the Type, the global market for Investment Casting has been split into Sodium Silicate Process and Silica Sol Process.
Based on the Application, the global market for Investment Casting has been split into Automotive, Aerospace & Military, Industrial Gas Turbines, General Industrial, and Others.
Regional Analysis
The global market for Investment Casting is analyzed across five major geographies: Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
The MRFR analysis reports the Asia-Pacific regional Investment Casting market leading spot across the global market for Investment Casting in 2022. The region has China as the largest contributor in terms of revenue share. On the other hand, the Indian market is likely to grow at the highest pace over the coming years. The main parameter enhancing regional market development is the region's rapidly growing industrialization and infrastructure development. Furthermore, the escalating demand for investment casting in the automotive, defense, and aerospace industries is also likely to catalyze the regional market's growth over the coming years.
The European regional market for Investment Casting is anticipated to ensure the second position across the global market over the assessment period. The region has the German market as the largest contributor in revenue share. On the other hand, the UK market is likely to grow at the highest pace over the coming years. The main parameter enhancing regional market development is the presence of several key players in the region. Furthermore, factors such as the region's mature industrial landscape and growing demand for investment casting in the automotive & aerospace industries are also likely to catalyze the regional market's growth over the coming years.
The North American region will likely demonstrate maximum growth over the coming years. The region has the US market as the largest contributor in revenue share. On the other hand, the Canadian market is likely to grow at the highest pace over the coming years. The main parameter enhancing the development of the regional market is the presence of several key players in the region, such as major aerospace and defense companies, along with the escalating demand for high-quality and complex parts for various applications. The aerospace and defense industry is considered one of the main aspects driving the growth of the Investment Casting market in North America. The region is believed to be the hub of various established aerospace and defense companies which require high-quality and precise investment castings for several applications such as turbines, aircraft engines, and other critical components.
Competitive Analysis
The global market for Investment Casting is known to have a strong and competitive landscape. The players across the market are focusing on investments in research & development activities to expand their product lines, which will help the Investment Casting market grow even more. They are also considering several strategic activities to expand their footprint, with vital market developments including new product launches, higher investments, mergers & acquisitions, contractual agreements, and collaboration with other organizations. The list of prominent participants across the global market for Investment Casting includes players such as Dongying Gia Young Precision Metal CO., LTD, IMPRO Precision Industries Limited, Milwaukee Precision Casting, INC, Zollern GMBH & CO. KG, WINSERT, Precision Castparts CORP, Alcoa Corporation, AGC ceramics, Dongfeng Precision Casting CO., LTD., Taizhou Xinyu Precision Manufacture CO., LTD, Ningbo Jiwei Melt Mould Castings CO., LTD, etaltek International Inc, WANGUAN, and several others.
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Report details
| Base Year | 2023 |
| Companies Covered | 15 |
| Pages | 157 |
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