Global Investment Castings for Aviation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Investment Castings for Aviation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Investment Castings for Aviation market finds that the global Investment Castings for Aviation market reached a value of USD 6551.95 million in 2022. It’s expected that the market will achieve USD 8352.0 million by 2028, exhibiting a CAGR of 4.13% during the forecast period.

The product itself has technical advantages

Investment castings are made using investment casting methods. Compared with other methods such as machining, the finished product has the following advantages:
High dimensional accuracy and surface finish. Therefore, the machining work can be reduced, but only a small amount of machining allowance is required in the parts with higher requirements. Even some castings only have grinding and polishing allowances, and can be used without mechanical machining. It can be seen that the investment casting method can save a lot of machine tool equipment and processing time, and save a lot of metal raw materials.
Investment casting can cast complex castings of various alloys, especially high temperature alloy castings. For example, the blade of the jet engine, its streamlined outline and cooling cavity, can hardly be formed by mechanical processing technology. The production by investment casting process can not only achieve mass production, ensure the consistency of castings, but also avoid the stress concentration of residual knife lines after machining.

Cost limitation

Although investment casting is very accurate, investment casting is usually more expensive than other similar casting techniques, especially for short-term production. Some of the reasons for the high cost include special equipment, expensive refractory materials and adhesives, many operations for manufacturing molds, requiring a lot of labor and occasional minor defects, and usually only have costs when sand casting or gypsum casting is not available benefit.

The application of digital control system

Although investment casting has been around for more than 5,000 years, the industry still struggles to consistently produce repeatable, high-quality, defect-free wax molds. The main reason is that most wax injectors worldwide are manual control systems, which means that there is only one pressure and one flow rate. If the process is in a controlled state and remains in a controlled state, then this may work well for simple geometries. However, once the operator begins to manufacture scrap, he can change the process independently. There is usually no documentation, so it is not repeatable.

Region Overview:

In 2022, the share of the Investment Castings for Aviation market in United States stood at 47.32%.

Company Overview:

Precision Castparts Corp. (PCC) is one of the major players operating in the Investment Castings for Aviation market, holding a share of 31.21% in 2023.

Precision Castparts Corp. (PCC)

Precision Castparts Corp. is an American industrial product and metal manufacturing company that produces precision castings, forged parts, and wing castings for the aerospace, industrial gas turbine, and defense industries. In 2015, the company became a subsidiary of Berkshire Hathaway.

Howmet Aerospace Inc

Howmet Aerospace Inc is an aerospace company based in Pittsburgh, Pennsylvania. The company produces parts for jet engines, fasteners and titanium structures for the aerospace industry, and forged aluminum wheels for heavy trucks.

Segmentation Overview:

As for product types, the Interior Components segment held the largest market share in 2022.

Key Companies in the global Investment Castings for Aviation market covered in Chapter 3:

Investacast Limited
Aero Metals, Inc.
Precision Castparts Corp. (PCC)
Hitchiner Manufacturing Co. Inc.
Nu-Cast Inc.
Zollern Company
Signicast
Impro Precision
Consolidated Precision Products Corp. (CPP)
Doncasters Group Ltd.
Howmet Aerospace Inc.
Engineered Precision Casting Co.
Anhui Yingliu Group
American Casting Company

In Chapter 4 and Chapter 14.2, on the basis of types, the Investment Castings for Aviation market from 2018 to 2029 is primarily split into:

Interior Components
Airframe Components
Non-safety Critical Components
Bearing Cages
Hydraulic Fluid System Components
Cargo Systems
Landing and Braking Components

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Investment Castings for Aviation market from 2018 to 2029 covers:

Aluminum Alloys
Copper Alloys
Stainless Steels
Carbon and Low Alloy Steels
Tool Steels
Other Exotic Alloys (Cobalt and Nickel)

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)