Market Overview:
The global precision casting market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for castings from various end-use industries, such as automotive and transportation, aeronautics and astronautics, oil and gas, medical equipment, industrial machinery, military hardware etc. In terms of type of casting process used in precision casting industry,, investment casting is expected to lead the market with a share of more than 50%, followed by metal mold casting and ceramic mold Casting processes respectively.
Product Definition:
Precision Casting is the process of manufacturing metal parts by pouring molten metal into a mold that has been precisely machined to the desired shape. Precision Casting is used to manufacture parts with very tight tolerances, often in small quantities. The importance of Precision Casting lies in its ability to produce high-quality parts with very tight tolerances at low cost.
Investment Casting:
Investment casting is a type of metal casting in which the material is first formed into a wax model and then transformed into the finished product by melting. The process can be distinguished from other types of metal casting such as lost-wax process and sand-cast processes based on the fact that it uses molten metal as an investment medium. Investment castings have several advantages over other forms of castings such as high strength, better surface finish, no need for molds or patterns, etc.
Ceramic Mold Casting:
Ceramic mold casting is a process of making molds for the production of complex parts or components. The materials used in this process are ceramic and metal alloys. Ceramic mold casting has applications in various end-use industries such as automotive, aerospace & defense, electronics, construction equipment industry among others.
Application Insights:
The automotive and transportation segment accounted for the largest share in 2016. The growth can be attributed to the increasing demand for vehicles from countries such as China, India, and Japan. These regions are projected to witness significant growth in terms of population over the next few years which is likely to propel demand for automobiles. This will lead to an increase in production of passenger cars and commercial vehicles which will further fuel precision casting industry growth during the forecast period.
Aeronautics and astronautics is another key application where precision metal parts are used extensively owing to their lightweight properties required by aircraft designers worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for precision casting from end-use industries such as aerospace, automotive, medical equipment and industrial machinery. In addition, rising investments by foreign players in this region are likely to boost industry expansion over the coming years.
The Asia Pacific is also projected to be one of the fastest-growing markets due to its abundant raw material supply and low labor cost compared with other regions. Moreover, China has emerged as a major hub for manufacturing high value added products such as pressure vessels and oil field components owing to its large population coupled with cheap labor costs available within China itself but also from neighboring countries including India which offers tremendous opportunities for growth through 2018).
Growth Factors:
- Increasing demand for lightweight and high-strength materials in automotive and aerospace industries
- Growing popularity of 3D printing technology
- Rising demand from medical device and implant manufacturers
- Emerging economies offer potential growth opportunities
- Technological advancements that improve the accuracy, efficiency, and quality of precision castings
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Casting Market Research Report
By Type
Investment Casting, Ceramic Mold Casting, Metal Mold Casting, Pressure Casting, Lost Mold Casting
By Application
Automobile and Transportation, Aeronautics and Astronautics, Oil and Gas, Medical Equipment, Industrial, Military, Food, Other
By Companies
Alcoa, Precision Castparts, CIREX, Zollern, Engineered Precision Casting (EPCO), Alphacast, Shelmet, Mulan Manufacturer Group, Milwaukee Precision Casting, MetalTek, Rajan Techno, RLM Industries, Impro, Dongying Giayoung, Dongfeng, Ningbo Wanguan, Taizhou Xinyu, Jiwei
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Precision Casting Market Report Segments:
The global Precision Casting market is segmented on the basis of:
Types
Investment Casting, Ceramic Mold Casting, Metal Mold Casting, Pressure Casting, Lost Mold Casting
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile and Transportation, Aeronautics and Astronautics, Oil and Gas, Medical Equipment, Industrial, Military, Food, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alcoa
- Precision Castparts
- CIREX
- Zollern
- Engineered Precision Casting (EPCO)
- Alphacast
- Shelmet
- Mulan Manufacturer Group
- Milwaukee Precision Casting
- MetalTek
- Rajan Techno
- RLM Industries
- Impro
- Dongying Giayoung
- Dongfeng
- Ningbo Wanguan
- Taizhou Xinyu
- Jiwei
Highlights of The Precision Casting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Investment Casting
- Ceramic Mold Casting
- Metal Mold Casting
- Pressure Casting
- Lost Mold Casting
- By Application:
- Automobile and Transportation
- Aeronautics and Astronautics
- Oil and Gas
- Medical Equipment
- Industrial
- Military
- Food
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Precision Casting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Precision casting is a process of creating objects from metal by pouring molten metal into a mold, and then removing the object from the mold.
Some of the major companies in the precision casting market are Alcoa, Precision Castparts, CIREX, Zollern, Engineered Precision Casting (EPCO), Alphacast, Shelmet, Mulan Manufacturer Group, Milwaukee Precision Casting, MetalTek, Rajan Techno, RLM Industries, Impro, Dongying Giayoung, Dongfeng, Ningbo Wanguan, Taizhou Xinyu, Jiwei.
The precision casting market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Precision Casting Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Precision Casting Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Precision Casting Market - Supply Chain
4.5. Global Precision Casting Market Forecast
4.5.1. Precision Casting Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Precision Casting Market Size (000 Units) and Y-o-Y Growth
4.5.3. Precision Casting Market Absolute $ Opportunity
5. Global Precision Casting Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Precision Casting Market Size and Volume Forecast by Type
5.3.1. Investment Casting
5.3.2. Ceramic Mold Casting
5.3.3. Metal Mold Casting
5.3.4. Pressure Casting
5.3.5. Lost Mold Casting
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Precision Casting Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Precision Casting Market Size and Volume Forecast by Application
6.3.1. Automobile and Transportation
6.3.2. Aeronautics and Astronautics
6.3.3. Oil and Gas
6.3.4. Medical Equipment
6.3.5. Industrial
6.3.6. Military
6.3.7. Food
6.3.8. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Precision Casting Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Precision Casting Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Precision Casting Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Precision Casting Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Precision Casting Demand Share Forecast, 2019-2026
9. North America Precision Casting Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Precision Casting Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Precision Casting Market Size and Volume Forecast by Application
9.4.1. Automobile and Transportation
9.4.2. Aeronautics and Astronautics
9.4.3. Oil and Gas
9.4.4. Medical Equipment
9.4.5. Industrial
9.4.6. Military
9.4.7. Food
9.4.8. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Precision Casting Market Size and Volume Forecast by Type
9.7.1. Investment Casting
9.7.2. Ceramic Mold Casting
9.7.3. Metal Mold Casting
9.7.4. Pressure Casting
9.7.5. Lost Mold Casting
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Precision Casting Demand Share Forecast, 2019-2026
10. Latin America Precision Casting Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Precision Casting Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Precision Casting Market Size and Volume Forecast by Application
10.4.1. Automobile and Transportation
10.4.2. Aeronautics and Astronautics
10.4.3. Oil and Gas
10.4.4. Medical Equipment
10.4.5. Industrial
10.4.6. Military
10.4.7. Food
10.4.8. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Precision Casting Market Size and Volume Forecast by Type
10.7.1. Investment Casting
10.7.2. Ceramic Mold Casting
10.7.3. Metal Mold Casting
10.7.4. Pressure Casting
10.7.5. Lost Mold Casting
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Precision Casting Demand Share Forecast, 2019-2026
11. Europe Precision Casting Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Precision Casting Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Precision Casting Market Size and Volume Forecast by Application
11.4.1. Automobile and Transportation
11.4.2. Aeronautics and Astronautics
11.4.3. Oil and Gas
11.4.4. Medical Equipment
11.4.5. Industrial
11.4.6. Military
11.4.7. Food
11.4.8. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Precision Casting Market Size and Volume Forecast by Type
11.7.1. Investment Casting
11.7.2. Ceramic Mold Casting
11.7.3. Metal Mold Casting
11.7.4. Pressure Casting
11.7.5. Lost Mold Casting
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Precision Casting Demand Share, 2019-2026
12. Asia Pacific Precision Casting Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Precision Casting Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Precision Casting Market Size and Volume Forecast by Application
12.4.1. Automobile and Transportation
12.4.2. Aeronautics and Astronautics
12.4.3. Oil and Gas
12.4.4. Medical Equipment
12.4.5. Industrial
12.4.6. Military
12.4.7. Food
12.4.8. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Precision Casting Market Size and Volume Forecast by Type
12.7.1. Investment Casting
12.7.2. Ceramic Mold Casting
12.7.3. Metal Mold Casting
12.7.4. Pressure Casting
12.7.5. Lost Mold Casting
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Precision Casting Demand Share, 2019-2026
13. Middle East & Africa Precision Casting Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Precision Casting Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Precision Casting Market Size and Volume Forecast by Application
13.4.1. Automobile and Transportation
13.4.2. Aeronautics and Astronautics
13.4.3. Oil and Gas
13.4.4. Medical Equipment
13.4.5. Industrial
13.4.6. Military
13.4.7. Food
13.4.8. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Precision Casting Market Size and Volume Forecast by Type
13.7.1. Investment Casting
13.7.2. Ceramic Mold Casting
13.7.3. Metal Mold Casting
13.7.4. Pressure Casting
13.7.5. Lost Mold Casting
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Precision Casting Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Precision Casting Market: Market Share Analysis
14.2. Precision Casting Distributors and Customers
14.3. Precision Casting Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Alcoa
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Precision Castparts
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CIREX
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Zollern
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Engineered Precision Casting (EPCO)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Alphacast
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shelmet
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mulan Manufacturer Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Milwaukee Precision Casting
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. MetalTek
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Rajan Techno
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. RLM Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Impro
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Dongying Giayoung
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Dongfeng
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Ningbo Wanguan
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Taizhou Xinyu
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Jiwei
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
