Precision Casting Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Offering (Equipment, Components and Service); Application (Automotive and Transportation, Aerospace and Defense , Oil and Gas, Industrial Equipment, Others) and Geography
Report Code: TIPRE00018654
| No. of Pages: 150
| Category: Manufacturing and Construction
| Status: Upcoming
Precision casting is the general term of particular casting manner by using particular molding. It consists of investment casting, ceramic mold casting, metal mold casting, pressure casting, lost mold casting. Precision casting Is a lost wax casting process, extensively used in the manufacturing of ferrous steel and non-ferrous steel components. Different from other casting processes, the mesh components produced by precision casting have excellent surface finish and size accuracy. With precision casting, a variety of alloys can be cast, from ferrous metals to stainless steel, tool steel, carbon steel and ductile iron, to nonferrous metals including aluminum, copper and brass. Global precision casting market is expected to witness upsurge in growth during forecast period due to rise in demand of precision casting in different industries such as aerospace and defense.
The "Global Precision Casting Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the precision casting market with detailed market segmentation by offering, application, and geography. The report provides key statistics on the market status of the leading precision casting market players and offers key trends and opportunities in the market.
Based on offering, the global precision casting market is segmented into equipment and components and service.
On the basis of application, the market is segmented into automotive and transportation, aerospace and defense, oil and gas, industrial equipment and others.
MARKET DYNAMICS Drivers:
The optimization of casting process through simulation, decentralized power generation and rising adoption of casting in various end use industrial applications is driving the growth of the precision casting market.
The growing demand of casting in aerospace and military sector is anticipated to create market opportunities for the precision casting during the forecast period.
The high initial capital investment and high energy consumption may restrain the growth of the precision casting market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The precision casting market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the precision casting market in these regions.
IMPACT OF COVID-19 ON PRECISION CASTING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report covers key developments in the precision casting market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from precision casting market are anticipated to lucrative growth opportunities in the future with the rising demand for precision casting in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the precision casting market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Engineered Precision Casting Co., Inc.
Impro Precision Industries Limited
Milwaukee Precision Casting, Inc.
RLM Industries, Inc.
Shelmet Precision Casting Co, Inc.
ZOLLERN GmbH and Co. KG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. Alcoa Corporation
2. Alphacasting Inc.
4. Engineered Precision Casting Co., Inc.
5. Impro Precision Industries Limited
6. Liancheng Precision
7. Milwaukee Precision Casting, Inc.
8. RLM Industries, Inc.
9. Shelmet Precision Casting Co, Inc.
10. ZOLLERN GmbH and Co. KG