About Investment Casting
The investment casting market is moderately concentrated, owing to the presence of small and large vendors worldwide. Competition in the market is intense, and the market is characterized by the need for precise and reliable investment cast parts. In addition, productivity, energy consumption, performance, reliability, and cost are critical competition factors in the market. Despite competition among the existing vendors, there are other factors affecting the operations of vendors such as dependence on third-party suppliers.
Technavio’s analysts forecast the global investment casting market to grow at a CAGR of 4.32% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global investment casting market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of investment casting.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Investment Casting Market 2018-2022
Technavio recognizes the following companies as the key players in the global investment casting market: Alcoa, Berkshire Hathaway (Precision Castparts), and thyssenkrupp.
Other Prominent Vendors in the market are: CIREX, ZOLLERN, Milwaukee Precision Casting, MetalTek International, RLM Industries, IMPRO, Dongying Giayoung Precision Metal, Dongying Changrui Precision Investment Casting, Dongfeng Motor Parts & Components, Taizhou JinDing Precision Casting, WANGUAN, PI Casting, Lestercast, and prvni brnenska strojirna velka bites.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is optimization of casting process through stimulations. Amongst the gamut of manufacturing processes, casting is an energy intensive process. This is primarily beause of the high temperature required for the efficient melting of metals. Additionally, the entire process flow of casting is just not limited to melting, and it also includes making the component ready for fitment.”
According to the report, one of the major drivers for this market is decentralized power generation. Power generation systems are focusing on integrated networks, due to which there is an increase in the dependence on distributed power generation systems. Growing power distribution systems are extensively demanding for gas turbines, as they are steadily added to meet growing energy needs.
Further, the report states that foundries must overcome the challenge of high energy cost as the energy consumption at every stage is tremendous. Members in the precision casting market are collaborating to innovate advanced casting technologies using simulations, that will reduce shop-floor time and increase the casting yield.
Alcoa, Berkshire Hathaway (Precision Castparts), and thyssenkrupp, CIREX, ZOLLERN, Milwaukee Precision Casting, MetalTek International, RLM Industries, IMPRO, Dongying Giayoung Precision Metal, Dongying Changrui Precision Investment Casting, Dongfeng Motor Parts & Components, Taizhou JinDing Precision Casting, WANGUAN, PI Casting, Lestercast, and prvni brnenska strojirna velka bites.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook