North America Investment Casting Market Size & Outlook
North America investment casting market, 2018-2030 (US$M)
Related Markets
North America investment casting market highlights
- The North America investment casting market generated a revenue of USD 6,057.1 million in 2022.
- The market is expected to grow at a CAGR of 4.9% from 2023 to 2030.
- In terms of segment, aerospace was the largest revenue generating application in 2022.
- Medical is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 6,057.1 million |
| Market revenue in 2030 | USD 8,878.0 million |
| Growth rate | 4.9% (CAGR from 2022 to 2030) |
| Largest segment | Aerospace |
| Fastest growing segment | Medical |
| 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, North America region accounted for 36.7% 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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North 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.
Aerospace was the largest segment with a revenue share of 62.7% in 2022. Horizon Databook has segmented the North 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.
Increasing per capita healthcare spending in North America in the form of health insurance has been one of the significant trends impacting the medical industry in North America, thereby driving the demand for medical devices, which is expected to have a positive influence over the demand for investment castings for use in medical applications.
North America dominated the market and accounted for a revenue share of 36.5% in 2019. This high share is due to extensive utilization of investment casting process for manufacturing high value added parts especially in the aerospace & defense sector.
North America is observing a significant shift in energy landscape and the development of abundant unconventional oil & gas resources, which is leading to the increasing use of equipment and other tools, thereby promoting market growth.
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Target buyers of North America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America investment casting market , including forecasts for subscribers. This continent databook contains high-level insights into North America investment casting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America investment casting market size, by country, 2018-2030 (US$M)
North America Investment Casting Market Outlook Share, 2022 & 2030 (US$M)
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