The global revenue casting market is expected to grow at a compound annual growth rate of more than 3% during 2019-2025

This global investment casting market report includes in-depth analysis and data-driven insights on the impact of COVID-19
August 19, 2020, New York, PRNewswire /- Read the full report: expects that in terms of revenue, the compound annual growth rate of the global investment casting market will exceed 1000 2019 -2025 is 3%. By 2025, the global investment casting market is expected to reach nearly US$18 billion in revenue. Due to the COVID-19 pandemic, the industry is currently under high pressure. The slowdown in demand from most end users has severely affected the industry. The fiscal stimulus package has not yet had a positive impact on the market, and it is only expected to have a certain impact at the end of 2020. The growth rate has been hovering between 5% and 6%, and has now dropped significantly after COVID-19. A large part of the demand from the automotive and aerospace industries has fallen sharply in several countries, which is affecting the market. Growth in automotive, aerospace and defense, and power generation are estimated to be the most affected. As of 2020, in terms of demand, due to fierce competition, the price of casting products is not allowed to fluctuate sharply, but the demand is declining. Globally, the acceptance of newer, more efficient materials is growing. It is expected that industrial production in many end-user industries will not reach pre-pandemic levels until the second half of 2021. During the forecast period, the following factors may contribute to the growth of the precision casting market: • The growing growth of electric vehicles • The increasing application of rapid prototyping processes • Automation in precision casting • High growth in the healthcare industry This study takes into account the current Situation Changes in the global investment casting market and its market dynamics between 2019-2025. It covers a detailed overview of several market growth drivers, constraints and trends. The report provides the demand and supply aspects of the market. It describes and examines leading companies and other well-known companies operating in the market. Investment Casting Market Segmentation The global investment casting market research report includes a detailed breakdown by end user and geographic location. Investment demand in the automation and defense industries is expected to be low in 2020, and it will take at least two years to reach pre-pandemic levels. The aerospace casting industry will be at a loss for a longer period of time than the defense industry (because defense spending does not depend on consumer spending). The price increase in the foundry industry is estimated to be a short-term measure to mobilize capital and maintain operations. The business has been closed due to the COVID-19 pandemic. Due to the low demand for non-critical non-COVID-19 medical equipment, it is expected that the medical industry’s demand for investment casting will fluctuate during 2020. Due to the COVID-19 pandemic, the demand for medical equipment has decreased in the first half of 2020, and is expected to decline in the second half of 2020. Some people postpone their medical visits and surgical procedures. There is currently more demand for equipment related to the COVID-19 emergency. Segmented by end user • Automotive • Aerospace and defense • Healthcare • Industrial machinery and heavy equipment • Other geographic distribution North America is the largest market, followed by Asia Pacific and Europe. However, during the forecast period, the Asia-Pacific region is expected to become one of the leading countries. The demand for investment casting in North America may depend on the automotive, aerospace and IGT industries. The demand for casting investment, despite being affected by the economic pressures associated with COVID-19 in North America, is expected to recover faster (in some components, if not all) because it constitutes an important part of the overall function of any industrial production plant component. After COVID-19, the challenges faced by North American suppliers have intensified. The production level of this industry is expected to be low in the short term, and profit margins are expected to decline. As developing countries in the Asia-Pacific region face the daunting task of controlling the spread of the pandemic, it is expected that the end-user sector will reformulate its strategy. The consequent shift in supplier strategy is expected to have a positive impact on the foundry business in the North American market. By geographic area: North America o United States o Canada • Europe o United Kingdom o Germany o France o Spain o Italy • Asia Pacific o China o Japan o South Korea o India o Australia o Latin America o Brazil o Mexico o Others o Middle East and Africa o Saudi Arabia The insights of Arab o South Africa o Turkey o Egypt suppliers The global investment casting market is highly fragmented, and there is no global leader offering a complete portfolio of products and services in various countries. This is mainly due to different regional needs and the need for proximity to the customer’s location. The industry is characterized by the presence of diversified companies at the local and regional levels. Not many suppliers on the market invest in advanced technology. Only outstanding suppliers who provide deliverables to key end users can invest in advanced technology. The machinery involved in raw material procurement and manufacturing is the main cost factor. As participants seek to merge, M&A activity is expected to increase. Due to insufficient demand for COVID-19, consolidation is expected to increase, while smaller suppliers are seeking to exit the highly capital-intensive market. Suppliers must distinguish their products and service offerings through a clear and unique value proposition. Outstanding supplier•Doncaster•Impro•Zollern•Dongying Giayoung Precision Metal•Precision Casting Company (PCC)•Vest•Signicast•Investment and Precision Casting•Hitachi Metal•MetalTek•Arconic•Precision Integrated Products•RLM Industry•Milwaukee Precision Castings•Aristotle Castings•George Fischer Thompson Precision Casting•Ningbo Wanguan Key Questions 1. What is the scale and growth rate of the precision casting market during the forecast period? 2. What factors affect the growth of investment casting market share? 3. How does the growth of the aviation casting market affect the growth of the investment casting market? 4. Who are the leading suppliers in the global investment casting market and what is their market share? 5. What is the impact of the COVID-19 pandemic on investment casting market share? Read the full report: About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker can find and organize the latest industry data, so you can get all the market research you need in one place. Contact Claire: [Email protected] United States: (339)-368-6001 International: +1 339-368-6001

Post time: Aug-24-2020