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 .
According to our (Global Info Research) latest study, the global Precision Casting market size was valued at USD 15970 million in 2022 and is forecast to a readjusted size of USD 20770 million by 2029 with a CAGR of 3.8% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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 is a detailed and comprehensive analysis for global Precision Casting market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Precision Casting market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2018-2029
Global Precision Casting market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2018-2029
Global Precision Casting market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (US$/MT), 2018-2029
Global Precision Casting market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (US$/MT), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Precision Casting
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Precision Casting market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Arconic, PCC (Precision Castparts), CPP (Selmet), Zollern and Impro Precision Industries, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Precision Casting market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Silica Sol Investment Casting
Water Glass Investment Casting
Others
Market segment by Application
Automobile
Aerospace
Medical
Construction Machinery
Otherss
Major players covered
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.
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Precision Casting product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Precision Casting, with price, sales, revenue and global market share of Precision Casting from 2018 to 2023.
Chapter 3, the Precision Casting competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Precision Casting breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Precision Casting market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Precision Casting.
Chapter 14 and 15, to describe Precision Casting sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Precision Casting. Industry analysis & Market Report on Precision Casting is a syndicated market report, published as Global Precision Casting Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of Precision Casting market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.