Global Investment Castings Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global investment castings market in its upcoming report titled, “Global Investment Castings Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global investment castings market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global investment castings market report has been segmented on the basis of material, end-use industry, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Investment casting also known as lost wax casting, is a precision casting process used to create metal parts from alloy that includes, aluminum, bronze, magnesium, cast iron, stainless steel, and tool steel, etc., and is used to create complex and thin-wall castings. There are two types of investment casting process namely – solid mould and ceramic shell mould. Weight reduction, increase in stability, freedom in design and cost reduction are some advantages of investment casting.
Increasing demand for investment castings from aerospace and defense industry, especially in commercial transport, military aircraft, regional jets, helicopters, and launch vehicles, is a key factor expected to drive growth of the global market over the forecast period. In addition, increasing adoption of investment castings in various end-use industrial application is another factor expected to further fuel growth of the target market in the near future. Furthermore, decentralized power generation is another factor expected to boost growth of this market over the forecast period.
However, high initial setup cost is a key factor expected to restrain growth of the global market over the forecast period.
Ongoing trend observed in the target market is increasing optimization of casting process through stimulations, owing to it is an energy intensive process. This trend is expected to continue during the forecast period.
Availability of natural gas at cheap prices and increasing labor costs in Asian countries are expected to create potential revenue opportunities for players operating in the target market over the forecast period.
The market in North America is expected to register significant share in terms of revenue over the forecast period, owing to growing manufacturing industries, especially for aerospace, defense, and industrial gas turbine sectors in various countries in this region. The market in Asia Pacific is expected to grow significantly over the forecast period, owing to growing industrialization and technological advancements in various countries in this region.
Global investment castings market segmentation:
Segmentation by material:
Segmentation by end-use industry:
- Aerospace and Defense
- Oil and Gas
- Others (Medical, Agriculture, and Construction)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Alcoa Corporation
- Berkshire Hathaway Inc. (Precision Castparts Corp.)
- Arconic Inc.
- Hitachi Metals, Ltd.
- Impro Precision Industries Limited
- MetalTek International, Inc.
- ZOLLERN GmbH & Co. KG
- Amtek Engineering Services Ltd.
- Dongfeng Motor Co., Ltd.
- Cirex B.V.
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