Investment Casting Market

Most Exhaustive Report

Investment Casting Market - Global Outlook and Forecast 2020-2025

Investment Casting Market

Most Exhaustive Report

Investment Casting Market - Global Outlook and Forecast 2020-2025

SKU : ARZ200805 Published on : August 2020 Pages : 206

${{licencetype}}

Get 10% Free Customization
On This Report.
Customize this report Enquire before buying
data center market research

Get actionable insights on how COVID-19 is impacting your business sector.

Enquire now

INVESTMENT CASTING MARKET SIZE TO REACH $18 BILLION BY 2025, GROWING AT A CAGR OF OVER 3% DURING THE FORECAST PERIOD

Investment Casting Market Size, Share, & Trends Analysis Report by End-users (Automotive, Aerospace & Defense, Healthcare, Industrial Machinery & Heavy Equipment, and Others) and Geography (North America, APAC, Europe, Latin America, and the Middle East & Africa) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2025

investment_casting_market_report_details

INDUSTRY INSIGHTS

The global investment casting market size is expected to reach revenue of close to $18 billion by 2025. The industry is currently under high duress on account of the COVID-19 pandemic. The demand slowdown among the majority of end-users has significantly affected the industry. The fiscal stimulus packages are yet to make a positive impact on the market and are expected to have some bearing only by the end of 2020. The growth rate, which was hovering around 5% to 6%, has now declined significantly post COVID-19. A large part of the demand coming from the automotive and aerospace industry has nosedived in several countries is affecting the market. The growth estimates for automotive, aerospace & defense, and power generation are the most impacted. As of 2020, on the demand side, volumes are declining while prices of the casting products have not been allowed to fluctuate drastically due to high competition. The acceptance of newer and more efficient materials is growing on a global scale. The pre-pandemic level for industrial production is not expected until late 2021 in many end-user sectors.

Snippets

  • The aerospace & defense segment is expected to reach a revenue of over $6.3 billion by 2025.
  • The healthcare segment is likely to observe an incremental growth of over $0.59 billion by 2025 on account of the increased use of investment casting in medical devices.
  • The investment casting market in India is projected to register a CAGR of over 2% by 2019-2025, driven by the increased government focus on domestic manufacturing.
  • The APAC region is expected to achieve an incremental growth of over $1.1 billion by 2025 because of the robust growth of the automotive industry and increased FDI investments in defense and infrastructure.

GLOBAL INVESTMENT CASTING MARKET REPORT SCOPE

REPORT ATTRIBUTE

DETAILS

MARKET SIZE

REVENUE (2025) USD 18 Billion

COMPOUND ANNUAL GROWTH RATE (CAGR) 3%

BASE YEAR

2019

FORECAST PERIOD

2020–2025

GEOGRAPHICAL ANALYSIS

North America, Europe, APAC, Latin America, and Middle East & Africa

COUNTRIES COVERED

US, Canada, UK, Germany, France, Spain, Italy, China, Japan, South Korea, Australia, India, Brazil, Mexico, Saudi Arabia, South Africa, Turkey, and Egypt


INVESTMENT CASTING MARKET SEGMENTATION

This research report includes a detailed segmentation by end-users and geography.

 investment_casting_market_share_segmentation_2025

INSIGHTS BY END-USERS

The investment casting demand from the automatic and defense industry is expected to be low in 2020 and will take a minimum of two years to reach the pre-pandemic levels. The aerospace casting industry will be in the red for a long duration than the defense industry (as the defense spending is not dependent on consumer spending). The price escalation by the casting industry is estimated to be a short-term measure to spruce up capital and sustain the operations, which have been shut due to the COVID-19 pandemic.

The demand for investment casting from the medical industry is expected to be volatile during 2020, as there exists low demand for non-critical non-COVID-19 medical devices. On account of the COVID-19 pandemic, the demand for medical devices reduced in H1 2020, and the same is expected to be lower for H2 2020. Several people have delayed their hospital visits and surgical procedures. The demand currently is more for devices related to COVID-19 emergencies.

The demand for investment casting in the commercial vehicle sector is expected to be low than the passenger vehicle sector. This is mainly attributed to logistics firms holding on to cash for longer sustenance of business and also acquiring used vehicles in place of newer vehicles for any business scale up. Uncertainties continue with COVID-19 infections mounting in several countries of Asia and Latin America.

INSIGHTS BY GEOGRAPHY

North America was the largest market, followed by APAC and Europe. However, APAC is expected to emerge as one of the leading countries during the forecast period. The demand for investment casting in North America is likely to depend on the automotive, aerospace, and IGT industries.  The demand for investment casting, although impacted by COVID-19 related economic pressure in North America, is expected to recover faster (in some of the components if not all) as it constitutes an essential part of the overall functioning of any industrial production plant. Post COVID-19, the challenges have further increased for vendors in North America. The industry is expected to witness low production levels in the short term, and profit margins are expected to shrink.  With developing countries of APAC facing an uphill task in controlling the spread of the pandemic, end-user sectors are expected to re-strategize. The resulting shift in the supplier strategy is expected to impact the North American market for investment casting positively.

INSIGHTS BY VENDORS

The global investment casting market is highly fragmented, with no global leader providing a full portfolio of products and services across countries. This is mainly due to different regional demands and also the need for proximity to the client’s location. The industry is characterized by the presence of diversified companies at local and regional levels. Not many vendors in the market are investing in advanced technology. Only prominent vendors with deliverables to critical end-users have investments in advanced technology. The procurement of raw materials and the machinery involved in manufacturing are major cost factors. M&A activities are expected to increase as players look to consolidate. The lack of demand on account of COVID-19 is expected to increase consolidation, and at the same time, smaller vendors are looking to exit the high capital intensive market. Vendors must set apart their product and service offerings through a clear and unique value proposition.

The global investment casting market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

By End-user   

  • Automotive
  • Aerospace & Defense
  • Healthcare
  • Industrial Machinery & Heavy Equipment
  • Others

By Geography

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Turkey
    • Egypt

KEY QUESTIONS ANSWERED

  1. What is the investment casting market size and growth rate during the forecast period?
  2. What are the factors impacting the growth of the investment casting market share?
  3. How is the growth of the aerospace casting market affecting the growth of the investment casting market?
  4. Who are the leading vendors in the global investment casting market, and what are their market shares?
  5. What is the impact of the COVID-19 pandemic on the investment casting market shares? 

FILL IN YOUR DETAILS BELOW TO GET FREE SAMPLE OF THIS REPORT

Client Speak

data center market size

Erik Young

CEO, Co-founder
Audink Inc., DBA Audios

The report by Arizton was spot on. It not only gave us insight into the pro audio market, we used it to raise funds for our company. The data proved (to the VC we pitched to) that the market was large enough for our company to not only survive but also grow.

data center market

Benjamin Arnold

Senior Product Manager
Interstates

I recently purchased a key Arizton Industry Outlook & Forecast in order to better understand growth for specific market segments and the macro environmental factors impacting this growth. I found Ariztonā€™s coverage of the market dynamics and key takeaways to be insightful and valuable. The segmentation breakouts gave me the information I needed to guide strategic considerations.

data center market research

Hallmann, Nickolai

Manager Market Analyst Power
Generation & Energy
Rolls-Royce Power Systems AG

The provided information by Arizton really met my expectations. Especially the deep information about the datacenter ecosystem was very helpful. Furthermore, I absolutely appreciate the optimal service from the key account managers of Arizton. It was always a pleasure working with them.

Customer Service

Support

+1-312-235-2040

Copyright 2019 - Arizton

data center market