Latin America Investment Casting Market Size & Outlook
Latin America investment casting market, 2018-2030 (US$M)
Related Markets
Latin America investment casting market highlights
- The Latin America investment casting market generated a revenue of USD 247.7 million in 2022.
- The market is expected to grow at a CAGR of 2.4% from 2023 to 2030.
- In terms of segment, mechanical engineering was the largest revenue generating application in 2022.
- Transportation is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 247.7 million |
| Market revenue in 2030 | USD 298.3 million |
| Growth rate | 2.4% (CAGR from 2022 to 2030) |
| Largest segment | Mechanical engineering |
| Fastest growing segment | Transportation |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 1.5% of the global investment casting market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,291.5 million by 2030.
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Investment Casting Market Scope
Investment Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 32.42% in 2022. Horizon Databook has segmented the Latin America 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.
Central & South America investment casting industry observed steady growth from 2016 to 2018 owing to the stable manufacturing sector coupled with growth in industrial output. However, the business conditions plummeted in 2019 owing to the various geopolitical factors such as Venezuelan president crisis, Chilean mass protest, and many more.
However, due to the falling crude oil prices, international companies have canceled or put a hold on several exploration and production projects that do not look as profitable due to the depressed oil prices or risk sensitive jurisdictions in Latin American countries such as Brazil, Peru, Colombia, and Venezuela.
For instance, investments by China-based automotive manufacturer, BYD Auto Industry Co., Ltd., and Japanese automotive player, Toyota, to set up a manufacturing facility in Central & South America is expected to boost the automotive production.
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Our clientele includes a mix of investment casting market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America investment casting market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America investment casting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America investment casting market size, by country, 2018-2030 (US$M)
Latin America Investment Casting Market Outlook Share, 2022 & 2030 (US$M)
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