Middle East & Africa Investment Casting Market Size & Outlook
Middle East & Africa investment casting market, 2018-2030 (US$M)
Related Markets
MEA investment casting market highlights
- The MEA investment casting market generated a revenue of USD 466.5 million in 2022.
- The market is expected to grow at a CAGR of 3.9% from 2023 to 2030.
- In terms of segment, oil & gas was the largest revenue generating application in 2022.
- Energy Technology is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 466.5 million |
| Market revenue in 2030 | USD 631.3 million |
| Growth rate | 3.9% (CAGR from 2022 to 2030) |
| Largest segment | Oil & gas |
| Fastest growing segment | Energy Technology |
| 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, MEA region accounted for 2.8% 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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Middle East & Africa 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.
Oil & gas was the largest segment with a revenue share of 41.61% in 2022. Horizon Databook has segmented the Middle East & Africa 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.
In Middle East & Africa, the investment castings market is mainly dominated by the oil & gas industry. Investment casting sales primarily consists of components such as turbines, motors, pumps, gas compressors, valves, and gears primarily for the region’s oil & gas industry.
Investment casting process in the Middle East & Africa is used in the manufacturing of several components in the production of heavy machinery parts. The supportive policies of the Middle East government have contributed significantly to market growth in recent years since the aerospace industry has received a boost in terms of imported materials and impetus for regional manufacturing.
Increasing foreign investments in the region and the growth in car sales are expected to prompt manufacturers to set up their production bases in the region, which is further likely to drive the demand for investment cast products.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa investment casting market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa investment casting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA investment casting market size, by country, 2018-2030 (US$M)
Middle East & Africa Investment Casting Market Outlook Share, 2022 & 2030 (US$M)
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