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PUBLISHER: Grand View Research | PRODUCT CODE: 1268611
PUBLISHER: Grand View Research | PRODUCT CODE: 1268611
Investment Casting Market Size, Share & Trends Analysis Report By Application (Aerospace & Defense, Oil & Gas, Mechanical Engineering, Automotive), By Region, And Segment Forecasts, 2023 - 2030
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PAGES: 100 Pages
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Investment Casting Market Growth & Trends:
The global investment casting market size is expected to reach USD 24.52 billion by 2030, registering a CAGR of 5.0% over the forecast period, according to a new report by Grand View Research, Inc. The use of new computer simulation techniques and robotics is projected to boost production rates and contribute to market growth.
The investment casting process is labor-intensive on account of the precision required in the final product, which increases the cost of direct wages to the workers. However, to overcome this, technological advancements have been made by prominent players in the industry with the introduction of electronically operated robotic arms that perform the majority of casting operations. These arms apply various types of ceramic and sand coating to wax patterns and pouring of metal into the cavity.
The investment casting process is widely used for aerospace and automotive parts manufacturing on account of the need for varied sizes and dimensions of the components. The process allows the formation of minute parts by supplying metal casting in the ceramic molds with the exact shape and size of the original components. Several industries are utilizing this process to form the components of desired intricate dimensions.
The process is comparatively easy and accurate as it uses molds to form the components. The wax patterns reflecting detailed measurements of the original component are used as templates, which are then coated with ceramic materials. These patterns are melted and taken out of the mold once the ceramic coatings are hardened. Thus, the exact specification cavities are created inside the molds.
High cost compared to other conventional production methods such as die-casting during high volume production is projected to hinder the market growth. The cost allied to the overall process of the product has a majority share of the raw materials including steel and superalloys. Wax patterns and ceramic or refractory coatings also have significant effects on the overall prices of the process. In addition, expenses paid to the skilled workforce are higher owing to the hazardous and extreme working conditions in the foundries.
Investment Casting Market Report Highlights:
- By application, medical sector is projected to grow at the highest CAGR of 6.2% over the forecast period. Demand for investment cast products in dental & surgical tools, implantable parts, MRI machines, X-ray equipment, stretchers, and wheelchairs is projected to contribute to the segment growth
- Aerospace & defense accounted for the highest share in terms of the consumption of investment cast products in 2022. Several manufacturers of aerospace parts utilize the process to manufacture specialized components for large-size aircraft
- Growth in the oil & gas industry across the globe has resulted in ascending demand for casting components. Highly engineered product components manufactured via the investment casting process are utilized in offshore and onshore drilling operations and hydraulic fracturing applications
- North America accounted for a revenue share of 36.6% in 2022 of the global market, owing to the high production capacity of key players in the region. The region exhibits a high demand for aerospace and automotive cast finished parts
Product Code: GVR-3-68038-896-1
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Data Analysis Models
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Global Casting Market
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.2. Sales Channel Analysis
- 3.3. Manufacturing Trends & Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. The Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Investment Casting Market: Application Estimates & Trend Analysis
- 4.1. Investment Casting Market: Application Movement Analysis, 2022 & 2030
- 4.2. Aerospace & Defense
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Automotive
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. Oil & Gas
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.5. Medical
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.6. Mechanical Engineering
- 4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.7. Automation
- 4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.8. Food & Beverages And Packaging Industry
- 4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.9. Energy Technology
- 4.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.10. Transportation
- 4.10.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Investment Casting Market: Regional Estimates & Trend Analysis
- 5.1. Regional Analysis, 2022 & 2030
- 5.2. North America
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.2.3. U.S.
- 5.2.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.3.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.2.4. Canada
- 5.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.2.5. Mexico
- 5.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2.5.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.3. Europe
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.3.3. Germany
- 5.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.3.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.3.4. U.K.
- 5.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.3.5. France
- 5.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.5.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.3.6. Spain
- 5.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.6.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.3.7. Russia
- 5.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.7.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.3.8. Italy
- 5.3.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3.8.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.4. Asia Pacific
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.4.3. China
- 5.4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4.3.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.4.4. India
- 5.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.4.5. Japan
- 5.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4.5.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.4.6. South Korea
- 5.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4.6.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.4.7. Australia
- 5.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4.7.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.4.8. Singapore
- 5.4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4.8.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.5. Central & South America
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.5.3. Brazil
- 5.5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5.3.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.5.4. Argentina
- 5.5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.6. Middle East & Africa
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.6.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.6.3. Saudi Arabia
- 5.6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.6.3.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 5.6.4. UAE
- 5.6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.6.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Company Categorization
- 6.3. Company Ranking
- 6.4. Heat Map Analysis
- 6.5. Market Strategies
- 6.6. Vendor Landscape
- 6.6.1. List of raw material suppliers, key manufacturers, and distributors
- 6.6.2. List of prospective end-users
- 6.7. Strategy Mapping
- 6.8. Company Profiles/Listing
- 6.8.1. Arconic, Inc.
- 6.8.1.1. Company overview
- 6.8.1.2. Financial performance
- 6.8.1.3. Product benchmarking
- 6.8.2. Doncasters Group Ltd.
- 6.8.2.1. Company overview
- 6.8.2.2. Financial performance
- 6.8.2.3. Product benchmarking
- 6.8.2.4. Strategic initiatives
- 6.8.3. Hitachi Metals, Ltd.
- 6.8.3.1. Company overview
- 6.8.3.2. Product benchmarking
- 6.8.3.3. Strategic initiatives
- 6.8.4. MetalTek International
- 6.8.4.1. Company overview
- 6.8.4.2. Financial performance
- 6.8.4.3. Product benchmarking
- 6.8.4.4. Strategic initiatives
- 6.8.5. Signicast
- 6.8.5.1. Company overview
- 6.8.5.2. Financial performance
- 6.8.5.3. Product benchmarking
- 6.8.5.4. Strategic initiatives
- 6.8.6. Precision Castparts Corp (Berkshire Hathaway)
- 6.8.6.1. Company overview
- 6.8.6.2. Financial performance
- 6.8.6.3. Product benchmarking
- 6.8.6.4. Strategic initiatives
- 6.8.7. Zollern GmbH and Co. KG
- 6.8.7.1. Company overview
- 6.8.7.2. Product benchmarking
- 6.8.7.3. Strategic initiatives
- 6.8.8. Impro Precision Industries Limited
- 6.8.8.1. Company overview
- 6.8.8.2. Product benchmarking
- 6.8.8.3. Strategic initiatives
- 6.8.9. ATI
- 6.8.9.1. Company overview
- 6.8.9.2. Product benchmarking
- 6.8.9.3. Strategic initiatives
- 6.8.10. INVESTMENT & PRECISION CASTINGS LTD.
- 6.8.10.1. Company overview
- 6.8.10.2. Financial performance
- 6.8.10.3. Product benchmarking
- 6.8.10.4. Strategic initiatives
- 6.8.1. Arconic, Inc.
Product Code: GVR-3-68038-896-1
List of Tables
- Table 1 Investment casting market estimates and forecasts, in aerospace & defense, 2018 - 2030 (USD Million)
- Table 2 Investment casting market estimates and forecasts, in automotive, 2018 - 2030 (USD Million)
- Table 3 Investment casting market estimates and forecasts, in oil & gas, 2018 - 2030 (USD Million)
- Table 4 Investment casting market estimates and forecasts, in medical, 2018 - 2030 (USD Million)
- Table 5 Investment casting market estimates and forecasts, in mechanical engineering, 2018 - 2030 (USD Million)
- Table 6 Investment casting market estimates and forecasts, in automation, 2018 - 2030 (USD Million)
- Table 7 Investment casting market estimates and forecasts, in the food & beverage and packaging industry, 2018 - 2030 (USD Million)
- Table 8 Investment casting market estimates and forecasts, in energy technology, 2018 - 2030 (USD Million)
- Table 9 Investment casting market estimates and forecasts, in transportation, 2018 - 2030 (USD Million)
- Table 10 North America investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 11 North America investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 12 U.S. investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 13 U.S. investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 14 Canada investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 15 Canada investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 16 Mexico investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 17 Mexico investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 18 Europe investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 19 Europe investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 20 Germany investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 21 Germany investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 22 France investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 23 France investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 24 Russia investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 25 Russia investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 26 U.K. investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 27 U.K. investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 28 Italy investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 29 Italy investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 30 Spain investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 31 Spain investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 32 Asia Pacific investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 33 Asia Pacific investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 34 China investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 35 China investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 36 India investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 37 India investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 38 Japan investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 39 Japan investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 40 South Korea investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 41 South Korea investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 42 Australia investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 43 Australia investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 44 Indonesia investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 45 Indonesia investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 46 Central & South America investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 47 Central & South America investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 48 Brazil investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 49 Brazil investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 50 Argentina investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 51 Argentina investment casting market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- Table 52 Middle East & Africa investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 53 Middle East & Africa investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 54 Saudi Arabia investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 55 Saudi Arabia investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 56 UAE investment casting market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 57 UAE investment casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Market snapshot
- Fig. 6 Segmental outlook - Application
- Fig. 7 Competitive Outlook
- Fig. 8 Global Casting Market, 2022
- Fig. 9 Investment casting market outlook, 2018 - 2030 (USD Million)
- Fig. 10 Value chain analysis
- Fig. 11 Market dynamics
- Fig. 12 Porter's Analysis
- Fig. 13 PESTEL Analysis
- Fig. 14 Investment Casting Market, by Application: Key takeaways
- Fig. 15 Investment Casting Market, by Application: Market share, 2022 & 2030
- Fig. 16 Investment casting market: Regional analysis, 2022
- Fig. 17 Investment casting market, by region: Key takeaways
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