About Investment Casting
Investment casting refers to the production of accurate and small casting pattern using a mold in refractory alloys which have wide application in military aircraft, launch vehicles, commercial transport, helicopters, and others. Investment casting compares to other casting products as it provides flexibility of using numerous metals. The major factor driving the investment casting market is rising demand from defense and aerospace industry owing to the rise in air travelers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.16% |
Investment casting market is fragmented owing to number of players present in the market. Companies are focusing on production of cost-effective investment casting equipment and to reduce energy consumption associated with the process. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Investment Casting market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Arconic (United States), Hitachi Metals, Ltd. (Japan), Impro Precision Industries Limited (China), MetalTek International (United States), Precision Castparts Corp. (United States), ZOLLERN GmbH & Co. KG (Germany), Milwaukee Precision Casting Inc. (United States), Berkshire Hathaway Inc. (United States), RLM Industries Inc. (United States), IMPRO China Limited (China), Constellium N.V. (Netherland), Dongying Changrui Precision Investment Casting Co. Ltd. (China) and Novelis Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Dongying Giayoung Precision Metal (China) and Dongfeng Motor Parts & Component Co. Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Investment Casting market by Type (Superalloys, Steel, Aluminum, Titanium and Others) and Region.
On the basis of geography, the market of Investment Casting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Process , the sub-segment i.e. Sodium Silicate Process will boost the Investment Casting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Aerospace and Defense will boost the Investment Casting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development of Advanced Casting Techniques through Simulation
Market Growth Drivers:
Rising Application of Decentralize Power Generation in Investment Casting and Increasing Demand from Aerospace and Defense Industry
Challenges:
Emphasizing on Reducing Energy Consumption in Investment Casting Process
Restraints:
Fluctuating Raw Material Prices and Time Consuming Process
Opportunities:
Growing Industrialization Supplementing Growth of Investment Casting
Key Target Audience
Investment Casting Equipment Manufacturers, Traders, Distributors, and Suppliers of Investment Casting Equipment, End-use Market Participants of Different Segments of the Investment Casting Equipment Market, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions, Environment Support Agencies, Investment Banks and Private Equity Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.