Latest News- Investment Casting Market: Automotive is expected to lead the Application segment during 2025-2029

The Investment Casting Market is being driven by Growth of automotive industry

The Investment Casting Market is expected to grow at a CAGR of 4.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4286.2 million. The global investment casting market is experiencing significant growth, driven primarily by the expanding aerospace sector. The surge in air passenger traffic is a major catalyst, leading to an increased demand for new commercial aircraft. This trend is further fueled by rising per capita income and positive GDP growth rates worldwide. Consequently, key industry players in the aerospace industry are expanding their operations to meet the growing demand for satellites, commercial aircraft, and private jets. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Automotive
  • Industrial
  • Aerospace and defense
  • Others
• Material
  • Superalloys
  • Steel
  • Aluminum
  • Titanium
  • Others
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth of automotive industry
• Increased demand for investment castings from renewable energy sector
• Increasing use of lightweight materials in various end-user industries

However, the market also witnesses some limitations, which are as follows:

• Energy-intensive nature of industries
• Volatility of raw material prices
• Environmental concerns

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Market Scope in Investment Casting Market Research Report

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Research Analysis Overview

The Investment Casting Market encompasses the production of high-precision components for various industries, including Defense and Aerospace. Key applications include Defense Industry components such as Military Vehicles, Weapons Systems, and Advanced Military Technology. Materials used are primarily Steel, Aluminum, and Titanium. Global tensions drive demand for investment casting in sectors like Construction, Railways, Infrastructure, Transportation, and Medical. Other sectors include Aerospace and defense for components in Commercial jets, Private jets, Satellites, and Aerospace plants. Energy consumption is minimized through advanced casting technologies like Silica sol casting, Sodium silicate casting, and Ceramic casting. These technologies ensure dimensional accuracy and superior surface finish.

Market Research Overview

The Investment Casting market is a specialized segment of the larger Industrial Machinery and Supplies and Components market. This sector caters to the Defense Industry, Aerospace, and Military Vehicles, producing high-precision components for Weapons Systems using materials such as Steel, Aluminum, and Titanium. The Industrial Machinery and Supplies and Components market's growth is driven by the expanding industrial output in process and discrete industries. Developing countries' economic growth continues to fuel the demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages, leading to capacity additions in these sectors. This growth trend positively impacts the Investment Casting market, as it is a critical process for manufacturing complex components in these industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/