The global Precision Casting market was valued at US$ 15970 million in 2022 and is projected to reach US$ 20770 million by 2029, at a CAGR of 3.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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 .
This report aims to provide a comprehensive presentation of the global market for Precision Casting, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Precision Casting. This report contains market size and forecasts of Precision Casting in global, including the following market information:
- Global Precision Casting Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Precision Casting Market Sales, 2018-2023, 2024-2029, (K MT)
- Global top five Precision Casting companies in 2022 (%)
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.
We surveyed the Precision Casting manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Precision Casting Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Precision Casting Market Segment Percentages, by Type, 2022 (%)
- Silica Sol Investment Casting
- Water Glass Investment Casting
- Others
Global Precision Casting Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Precision Casting Market Segment Percentages, by Application, 2022 (%)
- Automobile
- Aerospace
- Medical
- Construction Machinery
- Otherss
Global Precision Casting Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Precision Casting Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Precision Casting revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Precision Casting revenues share in global market, 2022 (%)
- Key companies Precision Casting sales in global market, 2018-2023 (Estimated), (K MT)
- Key companies Precision Casting sales share in global market, 2022 (%)
key players include:
- 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.
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Precision Casting, market overview.
- Chapter 2: Global Precision Casting market size in revenue and volume.
- Chapter 3: Detailed analysis of Precision Casting manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Precision Casting in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global Precision Casting capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
