Press release
Investment Casting Market worth $22.42 billion by 2030, growing at a CAGR of 4.67% - Exclusive Report by 360iResearch
The "Investment Casting Market by Process Type (Sodium Silicate Process, Tetraethyl Orthosilicate (Silica Sol Process)), Material (Aluminum, Steel, Superalloys), Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.The Global Investment Casting Market to grow from USD 16.28 billion in 2023 to USD 22.42 billion by 2030, at a CAGR of 4.67%.
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Investment casting, also called precision casting or lost-wax casting, is one of the oldest known metal-forming techniques and involves creating a wax pattern, essentially a replica of the desired part in steel or other metal. Growing demand for high-precision parts in the aerospace and defense industry and the increasing need for investment casting in medical implants and prosthetics drive the market growth. High initial setup and production costs associated with the investment casting process, longer production cycles compared to other casting methods, and the need for highly skilled labor could limit the growth of the investment casting market. Technological Advancements in materials and processes for investment casting and the development of more environmentally friendly and cost-effective manufacturing processes present significant opportunities for the expansion of the investment casting industry.
The investment casting industry is driven by robust aerospace and defense sectors in the United States. Technological advancements and the quest for lightweight and high-strength components fuel the demand for investment casting in the Americas. Moreover, the region benefits from a well-established industrial infrastructure and significant investments in research and development. South America's investment casting industry predominantly serves the automotive and industrial machinery sectors. Meanwhile, Brazil represents the major market owing to its expansive automotive industry. Europe's investment casting market is growing with a technologically advanced industry, primarily serving the aerospace, automotive, and healthcare sectors. Stringent environmental regulations in Europe also drive innovations in sustainable manufacturing practices. The Middle East, leveraging its booming aviation sector, is emerging as a key market. Africa, though still developing, shows promise with increasing industrial activities, particularly in automotive manufacturing. The Asia-Pacific region is poised to dominate the global investment casting market due to its rapid industrial growth, particularly in China and India. These countries are major hubs for automotive, aerospace, and electronics manufacturing. The region benefits from low production costs, a skilled workforce, and increasing investments in infrastructure and technological advancements. Additionally, the rising demand from sectors such as medical devices and industrial machinery further propels market growth.
Market Segmentation & Coverage:
This research report categorizes the Investment Casting Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Process Type, market is studied across Sodium Silicate Process and Tetraethyl Orthosilicate (Silica Sol Process). The Tetraethyl Orthosilicate (Silica Sol Process) is projected to witness significant market share during forecast period.
Based on Material, market is studied across Aluminum, Steel, Superalloys, and Titanium. The Superalloys is projected to witness significant market share during forecast period.
Based on Application, market is studied across Aerospace & Military, Automotive, Energy, Medical, and Oil & Gas. The Medical is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.08% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Investment Casting Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Investment Casting Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Investment Casting Market, highlighting leading vendors and their innovative profiles. These include Alcoa Corporation, American Casting Company, Arconic, Inc., Dawang Steel Casting, Doncasters Group Ltd., Ferralloy Inc., Hitachi Metals, Ltd., HITCHINER Manufacturing Co., Inc., Hitchiner mfg. co., Inc, Impro Precision Industries Limited, Indo-MIM, Invest Cast Inc., Laszeray Technology, LLC, MetalTek International, Inc., Milwaukee Precision Casting, Inc., Post Precision Castings, Inc., Precision Castparts Corp., Reliance Foundry Co. Ltd., Signicast by Form Technologies, Sumangal Castings Pvt. Ltd., Tamboli Castings Limited, TICCO Inc., U.S. Titanium Industry Inc., Wisconsin Precision Casting Corporation, and Zollern GmbH and Co. KG.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Investment Casting Market, by Process Type
7. Investment Casting Market, by Material
8. Investment Casting Market, by Application
9. Americas Investment Casting Market
10. Asia-Pacific Investment Casting Market
11. Europe, Middle East & Africa Investment Casting Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Investment Casting Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Investment Casting Market?
3. What is the competitive strategic window for opportunities in the Investment Casting Market?
4. What are the technology trends and regulatory frameworks in the Investment Casting Market?
5. What is the market share of the leading vendors in the Investment Casting Market?
6. What modes and strategic moves are considered suitable for entering the Investment Casting Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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