The global investment castings market revenue is expected to expand at a lucrative CAGR over the forecast period. Rising adoption of investment casting in various industrial applications is a key factor expected to drive growth of the global market over the forecast period. Technological advancements are expected to create potential revenue opportunities for manufactures operating in this market over the forecast period.
The global investment castings market report has been segmented on the basis of material, end-use industry, and region. On the basis of material, the target market is segmented into superalloys, steel, aluminum, and titanium. On the basis of end-use industry, the target market is segmented into aerospace and defense, automotive, oil and gas, and others. The aerospace and defense end-use industry segment is expected to register significant share in terms of revenue over the forecast period, owing to increasing demand for investment casting from aerospace industry.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is estimated to be highest share in terms of revenue over the forecast period, owing to technological advancements and increasing investments by manufacturers operating in the target market in various countries in this region. The market in Asia Pacific is expected to register significant share over the forecast period, owing to rapidly growing industrialization and construction activities in various countries in this region.
Key players operating in the global investment castings market include Alcoa Corporation, Berkshire Hathaway Inc. (Precision Castparts Corp.), Arconic Inc., Hitachi Metals, Ltd., Impro Precision Industries Limited, MetalTek International, Inc., ZOLLERN GmbH & Co. KG, Amtek Engineering Services Ltd., Dongfeng Motor Co., Ltd., and Cirex B.V.