China Investment Casting Market Size & Outlook, 2022-2030
China investment casting market, 2018-2030 (US$M)
Related Markets
China investment casting market highlights
- The China investment casting market generated a revenue of USD 3,858.9 million in 2022 and is expected to reach USD 6,056.3 million by 2030.
- The China market is expected to grow at a CAGR of 5.8% from 2023 to 2030.
- In terms of segment, mechanical engineering was the largest revenue generating application in 2022.
- Medical is the most lucrative application segment registering the fastest growth during the forecast period.
Investment casting market data book summary
| Market revenue in 2022 | USD 3,858.9 million |
| Market revenue in 2030 | USD 6,056.3 million |
| Growth rate | 5.8% (CAGR from 2022 to 2030) |
| Largest segment | Mechanical engineering |
| Fastest growing segment | Medical |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aerospace, Automotive, Oil & Gas, Medical, Mechanical Engineering, Automation, Food & Beverages and Packaging, Energy Technology, Transportation |
| Key market players worldwide | Arconic, Hitachi Ltd, Eltek Ltd, Signet Jewelers Ltd, Berkshire Hathaway Inc Class A |
Other key industry trends
- In terms of revenue, China accounted for 23.4% of the global investment casting market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China investment casting market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,019.4 million by 2030.
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Investment Casting Market Scope
Investment Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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China investment casting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to investment casting market will help companies and investors design strategic landscapes.
Mechanical engineering was the largest segment with a revenue share of 33.8% in 2022. Horizon Databook has segmented the China investment casting market based on aerospace, automotive, oil & gas, medical, mechanical engineering, automation, food & beverages and packaging, energy technology, transportation covering the revenue growth of each sub-segment from 2018 to 2030.
According to the World Bank, as of 2019, China was the world’s largest economy based on purchasing power parity with a GDP of USD 27.3 trillion. Moreover, China’s economy has registered the fastest growth in the world with an annual average of 10% recorded over the past 30 years.
The Asian economy also has one of the largest consumer markets in the world and is the world’s second-biggest importer of goods. According to S&P Global Platts, China oil exports witnessed growth at a strong rate in 2018 as Beijing reduces restrictions amid strong promotion by public-sector oil companies.
The aforementioned factors are anticipated to drive the demand for investment casting in oil & gas application for use in upstream exploration & production, midstream transportation, and downstream processing activities.
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Target buyers of China investment casting market databook
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Our clientele includes a mix of investment casting market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China investment casting market , including forecasts for subscribers. This country databook contains high-level insights into China investment casting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China investment casting market size, by application, 2018-2030 (US$M)
China Investment Casting Market Outlook Share, 2022 & 2030 (US$M)
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