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The Investment Casting market report provides a unique, […]
The Investment Casting market report provides a unique, first-time market and competitive analysis of the size, segmentation, competition, trends and outlook in the manufacture and supply of Investment Casting in the world. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Investment Casting market.Various investment casting plants are available for casting on which various, for example aluminum and copper-based, all alloys, but also special alloys and pure metals can be cast.
The main advantages of precision casting are weight reduction, increase in stability, freedom in design and cost reduction.
The global production of investment casting increases from 1510 K MT in . In 2016, in term of volume, the global investment casting market is led by China, capturing about of global investment casting production. In term of revenue, USA is the second’s largest market with the share of . Because the products of USA are mainly aluminum and titanium investment casting products for the aerospace and defense end markets.At present, the investment casting are rather dispersion and the major manufacturers of investment casting are Alcoa, Precision Castparts, Zollern, Milwaukee Precision Casting, MetalTek, RLM Industries, Impro, Dongying Giayoung, Dongfeng, Ningbo Wanguan, Taizhou Xinyu, etc. Alcoa and Precision Castparts are industry-leading manufacturers of top-quality investment castings for a broad range of parts, industries and applications.
China is a big investment casting production country, but it is not strong country. According to our research and analysis, manufacturers from United States and Europe are the major leaders in the international market of investment casting. Manufacturers from China are immature in technology. There is large space in the China market, as well as big gap between international brands and local brands on price.In application, investment casting downstream is wide and recently investment casting has acquired increasing significance in various fields of automotive, aerospace &military, Industrial Gas Turbines and general industrial machinery and others. There is a big price gap in different application field. The United States local high-end manufacturers account for large share of the revenue market though they hold small consumption volume share of United States.
Globally, the investment casting market is mainly driven by growing demand for general industrial machinery which accounts for nearly 63.20% of total downstream consumption of investment casting in global.In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, investment casting consumption will show a trend of steady growth. In 2023 the sales of investment casting is estimated to be 2426 K MT. On product prices, the slow downward trend in recent years will maintain in the future.The worldwide market for Investment Casting is expected to grow at a CAGR of roughly over the next five years, will reach 24500 million US$ in 2024, from 19800 million US$ in 2019, according to a new GIR Global Info Research study.This report focuses on the Investment Casting in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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