Global Precision Casting Market Growth 2023-2029

Global Precision Casting Market Growth 2023-2029

Precision casting is a lost wax casting process. It is also called investment casting, which is widely used for producing ferrous and nonferrous metal casting. The lost wax method of Precision casting is suitable for producing castings with complex shapes and high dimensional accuracy. Precision casting has excellent surface finish and dimensional accuracy. Its product has net shape or near net shape. And it can be suitable for low quantity request order. Additionally, in both design and material choice of castings, Precision castings has a huge freedom. It allows many types of steel or alloy steel for investment. So on casting market, Precision casting is the highest quality castings .
LPI (LP Information)' newest research report, the “Precision Casting Industry Forecast” looks at past sales and reviews total world Precision Casting sales in 2022, providing a comprehensive analysis by region and market sector of projected Precision Casting sales for 2023 through 2029. With Precision Casting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Precision Casting industry.
This Insight Report provides a comprehensive analysis of the global Precision Casting landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Precision Casting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Precision Casting market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Precision Casting and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Precision Casting.
The global Precision Casting market size is projected to grow from US$ 15180 million in 2022 to US$ 20180 million in 2029; it is expected to grow at a CAGR of 20180 from 2023 to 2029.
In 2019, in term of volume, the global Precision Casting market is led by North America, capturing about 40% of global Precision Casting consumption.
Globally, the Precision Casting market is mainly driven by growing demand for aerospace which accounts for over 40% of total downstream consumption value of Precision Casting in global.
Water Glass Investment Casting account for a share of 75% in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Precision Casting market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Silica Sol Investment Casting
Water Glass Investment Casting
Others
Segmentation by application
Automobile
Aerospace
Medical
Construction Machinery
Otherss
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Arconic
PCC (Precision Castparts)
CPP (Selmet)
Zollern
Impro Precision Industries
Hitchiner
Shanxi Huaxiang Group Co, Ltd
Dongfeng Investment Casting
Gaona Aero Material
Liancheng Precision
Anhui Yingliu
Dongying Giayoung
Ginho Precision Manufacturing
Dalian Hayashi Lost-Wax Industries Co..Ltd
Libo Auto Parts Precision Casting
Ningbo Jiwei Melt Mould Castings
Taizhou Xinyu
Suvast
Henan Wanlong Precision Casting Corp.
Key Questions Addressed in this Report
What is the 10-year outlook for the global Precision Casting market?
What factors are driving Precision Casting market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Precision Casting market opportunities vary by end market size?
How does Precision Casting break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.