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Investment Casting Market - Global Outlook and Forecast 2020-2025

  • ID: 5137059
  • Report
  • August 2020
  • Region: Global
  • 206 pages
  • Arizton
UP TO OFF
until Aug 15th 2021

FEATURED COMPANIES

  • Arconic
  • Doncasters
  • Hitachi Metals
  • MetalTek
  • RLM Industries
  • Vestshell
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Investment Casting Market Report

The global investment casting market by revenue is expected to grow at a CAGR of over 3% during the period 2019–2025.

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.

The following factors are likely to contribute to the growth of the investment casting market during the forecast period:
  • Increasing Growth of Electric Vehicles
  • Growing Application of Rapid Prototype Processes
  • Automation in Investment Casting
  • High Growth of Healthcare Industry
The study considers the present scenario of the global investment casting market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Investment Casting Market Segmentation

The global investment casting market research report includes a detailed segmentation by end-users and geography. 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.

Segmentation by End-user
  • Automotive
  • Aerospace & Defense
  • Healthcare
  • Industrial Machinery & Heavy Equipment
  • Others
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.

Segmentation 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
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.

Prominent Vendors
  • Doncasters
  • Impro
  • Zollern
  • Dongying Giayoung Precision Metal
  • Precision Castparts Corp (PCC)
  • Vestshell
  • Signicast
  • Investment & Precision Castings
  • Hitachi Metals
  • MetalTek
  • Arconic
  • Consolidated Precision Products
  • RLM Industries
  • Milwaukee Precision Castings
  • Aristo Cast
  • George Fischer
  • Thompson Investment Casting
  • Ningbo Wanguan
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?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Arconic
  • Doncasters
  • Hitachi Metals
  • MetalTek
  • RLM Industries
  • Vestshell
  • MORE
1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of The Study

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview
7.2 Global Economy: 2019

8 Market Opportunities & Trends
8.1 Electric Vehicles
8.2 Use of Rapid Prototype Process
8.3 Automation In Investment Casting

9 Market Growth Enablers
9.1 Healthcare Industry
9.2 New Materials Usage

10 Market Restraints
10.1 Covid-19-Related Economic Downturn
10.2 Complete Grounding Of Aerospace Industry
10.3 Slow Recovery Of Automotive Industry

11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis

12 End-Users
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Aerospace & Defense
12.4 Healthcare
12.5 Automotive
12.6 Industrial Machinery & Heavy Equipment
12.7 Others

13 Geography
13.1 Market Snapshot & Growth Engine
13.2 Geographic Overview

14 North America
14.1 Market Overview
14.2 Market Size & Forecast
14.3 End-Users: Market Snapshot & Growth Engine
14.4 Key Countries

15 APAC
15.1 Market Overview
15.2 Market Size & Forecast
15.3 End-Users: Market Snapshot & Growth Engine
15.4 Key Countries

16 Europe
16.1 Market Overview
16.2 Market Size & Forecast
16.3 End-Users: Market Snapshot & Growth Engine
16.4 Key Countries

17 Middle East & Africa
17.1 Market Overview
17.2 Market Size & Forecast
17.3 End-Users: Market Snapshot & Growth Engine
17.4 Key Countries

18 Latin America
18.1 Market Overview
18.2 Market Size & Forecast
18.3 End-Users: Market Snapshot & Growth Engine
18.4 Key Countries

19 Competitive Landscape
19.1 Competition Overview

20 Key Company Profiles
20.1 Doncasters
20.2 Impro
20.3 Zollern
20.4 Dongying Giayoung Precision Metal
20.5 Precision Castparts Corp
20.6 Vestshell
20.7 Signicast
20.8 Investment & Precision Castings
20.9 Hitachi Metals
20.10 Metaltek International
20.11 Arconic
20.12 Consolidated Precision Products
20.13 RLM Industries
20.14 Milwaukee Precision Casting
20.15 Aristo Cast
20.16 George Fischer
20.17 Thompson Investment Casting
20.18 Ningbo Wanguan

21 Report Summary
21.1 Key Takeaways
21.2 Strategic Recommendations

22 Quantitative Summary
22.1 Market By Geography
22.2 Market By End-Users
22.3 North America
22.4 APAC
22.5 Europe
22.6 Middle East & Africa
22.7 Latin America

23 Appendix
23.1 Abbreviations
Note: Product cover images may vary from those shown
  • Doncasters
  • Impro
  • Zollern
  • Dongying Giayoung Precision Metal
  • Precision Castparts Corp (PCC)
  • Vestshell
  • Signicast
  • Investment & Precision Castings
  • Hitachi Metals
  • MetalTek
  • Arconic
  • Consolidated Precision Products
  • RLM Industries
  • Milwaukee Precision Castings
  • Aristo Cast
  • George Fischer
  • Thompson Investment Casting
  • Ningbo Wanguan
Note: Product cover images may vary from those shown

Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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