Precision Casting Trends and Forecast
The future of the global precision casting market looks promising with opportunities in the automotive & transportation, aerospace & defense, oil & gas, and industrial equipment markets. The global precision casting market is expected to grow with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are increasing demand of precision casting in various end use sectors and on-going advancements in precision casting technologies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Precision Casting by Segment
The study includes a forecast for the global precision casting by offering, application, and region.
Precision Casting Market by Offering [Shipment Analysis by Value from 2018 to 2030]:
• Equipment
• Components & Service
Precision Casting Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Automotive & Transportation
• Aerospace & Defense
• Oil & Gas
• Industrial Equipment
• Others
Precision Casting Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Precision Casting Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies precision casting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the precision casting companies profiled in this report include-
• Alcoa
• Alphacasting
• CIREX
• Engineered Precision Casting
• Impro Precision Industries
• Liancheng Precision
• Milwaukee Precision Casting
Precision Casting Market Insights
Lucintel forecasts that components & service is expected to witness the higher growth over the forecast period.
Within this market, aerospace & defense will remain the largest segment.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Precision Casting Market
Market Size Estimates: Precision casting market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Precision casting market size by offering, application, and region in terms of value ($B).
Regional Analysis: Precision casting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different offerings, applications, and regions for the precision casting market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the precision casting market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for precision casting market?
Answer: The global precision casting market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the precision casting market?
Answer: The major drivers for this market are increasing demand of precision casting in various end use sectors and on-going advancements in precision casting technologies.
Q3. What are the major segments for precision casting market?
Answer: The future of the precision casting market looks promising with opportunities in the automotive & transportation, aerospace & defense, oil & gas, and industrial equipment markets.
Q4. Who are the key precision casting market companies?
Answer: Some of the key precision casting companies are as follows:
• Alcoa
• Alphacasting
• CIREX
• Engineered Precision Casting
• Impro Precision Industries
• Liancheng Precision
• Milwaukee Precision Casting
Q5. Which precision casting market segment will be the largest in future?
Answer: Lucintel forecasts that components & service is expected to witness the higher growth over the forecast period.
Q6. In precision casting market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the precision casting market by offering (equipment and components & service), application (automotive & transportation, aerospace & defense, oil & gas, industrial equipment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Precision Casting Market, Precision Casting Market Size, Precision Casting Market Growth, Precision Casting Market Analysis, Precision Casting Market Report, Precision Casting Market Share, Precision Casting Market Trends, Precision Casting Market Forecast, Precision Casting Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.