The global Precision Casting market was valued at 1425.24 Million USD in 2021 and will grow with a CAGR of 3.78% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Precision casting is a lost wax casting process. It is also called investment casting, which is widely used for producing ferrous and nonferrous metal casting. The lost wax method of Precision casting is suitable for producing castings with complex shapes and high dimensional accuracy. Precision casting has excellent surface finish and dimensional accuracy. Its product has net shape or near net shape. And it can be suitable for low quantity request order. Additionally, in both design and material choice of castings, Precision castings has a huge freedom. It allows many types of steel or alloy steel for investment. So on casting market, Precision casting is the highest quality castings .In 2019, in term of volume, the global Precision Casting market is led by North America, capturing about 40% of global Precision Casting consumption. Globally, the Precision Casting market is mainly driven by growing demand for aerospace which accounts for over 40% of total downstream consumption value of Precision Casting in global. Water Glass Investment Casting account for a share of 75% in 2019.

By Market Verdors:

Arconic

PCC (Precision Castparts)

CPP (Selmet)

Zollern

Impro Precision Industries

Hitchiner

Shanxi Huaxiang Group Co, Ltd

Dongfeng Investment Casting

Gaona Aero Material

Liancheng Precision

Anhui Yingliu

Dongying Giayoung

Ginho Precision Manufacturing

Dalian Hayashi Lost-Wax Industries Co..Ltd

Libo Auto Parts Precision Casting

Ningbo Jiwei Melt Mould Castings

Taizhou Xinyu

Suvast

Henan Wanlong Precision Casting Corp.

By Types:

Silica Sol Investment Casting

Water Glass Investment Casting

By Applications:

Automobile

Aerospace

Medical

Construction Machinery

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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