The global Investment Casting market size is expected to be worth around US$ 20.66 billion by 2027, according to a new report by Vision Research Reports.
The global Investment Casting market size was valued at US$ 16.62 billion in 2019 and is anticipated to grow at a CAGR of 2.7% during forecast period 2020 to 2027.
The market is predicted to be driven by increasing industrial output in the emerging economies of Asia Pacific, such as China, India, and Southeastern countries, such as Vietnam, Thailand, and Malaysia.
The major applications of investment casting differ according to the region. For instance, the aerospace and defense sector dominated the North American and European markets in 2019, while the industrial and automotive sectors were the primary customers of investment casting vendors in Asia Pacific in 2019. In the Middle East and Africa, the oil & gas industry represents a major customer for the casting manufacturers.
The COVID-19 crisis is likely to cause a severe decline in the demand in the short term owing to a drastic fall in aerospace and automotive manufacturing and overall industrial output. Global automotive production is expected to witness a decline of at least 20% in 2020, while aerospace manufacturers are in severe distress as they are in need of a heavy influx of cash from the government authorities to survive amidst the drastic decline in demand for airline travel. For instance, Boeing announced the reduction of its Boeing 777 and Boeing 787 aircraft in the coming years.
The aerospace and defense application segment dominated the market and accounted for a revenue share of 46.0% in 2019. Post the COVID-19 crisis, the aerospace industry, particularly in Europe and North America, is likely to be driven by the recovery in airline demand, which, in turn, is likely to encourage aerospace manufacturers to ramp up production. This is expected to benefit the segment growth. The defense sector is likely to provide lucrative opportunities for the industry vendors as countries, such as India and China, are boosting up their defense spending owing to border tensions.
The energy technology segment is predicted to expand at the fastest CAGR of 3.5% from 2020 to 2027. The segment includes energy solutions such as fuel nozzles, turbine blades, combustion hardware, air boxes, seal hardware, and tabulation tubes. Increasing installations of wind power capacities around the globe are likely to trigger the demand for turbine blades. This, in turn, is predicted to fuel the segment growth. For instance, as per the stats of the World Wind Energy Association (WWEA), the total wind power installed witnessed nearly 19% growth in 2019 from 2018.
North America dominated the market and accounted for a revenue share of 36.4% in 2019. This is attributed to the extensive utilization of the investment casting process for manufacturing high value-added parts, especially in the aerospace and defense sector. While aerospace manufacturing is poised to witness a drastic decline in 2020, the defense sector is better positioned as it is unlikely to feel the impact of COVID-19 in the short- to mid-term.
Asia Pacific is predicted to expand at the fastest CAGR of 3.2% from 2020 to 2027. As per the World Bank, post the COVID-19 crisis, Asia is poised to witness the fastest growth as compared to its counterparts as the region has witnessed significant growth in its industrial output since the past few years, especially in China and Southeast Asian countries. The automotive and transportation sectors, along with mechanical engineering goods, such as industrial valves, pumps, and other machinery parts, represent the largest markets for investment casting in Asia Pacific.
Doncasters Group Ltd.
Hitachi Metals, Ltd.
Precision Castparts Corp (Berkshire Hathaway)
Zollern GmbH and Co. KG
Impro Precision Industries Limited
Aerospace & Defense
Oil & Gas
Food & Beverages and Packaging Industry
Central & South America
Middle East & Africa
The Investment Casting market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Investment Casting market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Investment Casting market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Investment Casting market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Investment Casting market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Investment Casting capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Investment Casting by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Investment Casting market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Investment Casting market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Investment Casting market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Investment Casting industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Investment Casting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Investment Casting market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Investment Casting market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Investment Casting market. These factors have benefited the growth of the global market for Investment Casting. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Investment Casting. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Investment Casting are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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