Saudi Arabia Investment Casting Market Size & Outlook
Saudi Arabia investment casting market, 2018-2030 (US$M)
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Saudi Arabia investment casting market highlights
- The Saudi Arabia investment casting market generated a revenue of USD 268.7 million in 2022 and is expected to reach USD 351.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.4% 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.
Investment casting market data book summary
| Market revenue in 2022 | USD 268.7 million |
| Market revenue in 2030 | USD 351.2 million |
| Growth rate | 3.4% (CAGR from 2022 to 2030) |
| Largest segment | Oil & gas |
| Fastest growing segment | Energy Technology |
| 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, Saudi Arabia accounted for 1.6% 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 Middle East & Africa, Saudi Arabia investment casting market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 83.3 million by 2030.
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Investment Casting Market Scope
Investment Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 41.79% in 2022. Horizon Databook has segmented the Saudi Arabia 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.
The Kingdom of Saudi Arabia is expected to exhibit robust economic growth owing to the implementation of structural reforms announced under the Vision 2030. New fees and taxes including extra fees on expats working in the country, value-added tax (VAT), and potential taxes imposed on the foreign businesses are expected to drive the economic growth in the country.
However, uncertainty regarding future oil prices and the impact of ongoing economic reforms are expected to hamper the country’s economic growth. Saudi Arabia is predominantly an oil-based economy with a majority of economic activities controlled by the government.
Oil-based industries comprise oil production, industrial gas, petrochemicals, and refinery of petroleum, ammonia, & caustic. Thus, the presence of a robust oil & gas sector in the country coupled with expanding manufacturing industry is anticipated to drive the demand for investment casting in oil & gas and mechanical engineering applications over the forecast period.
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Our clientele includes a mix of investment casting market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the Saudi Arabia investment casting market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia investment casting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia investment casting market size, by application, 2018-2030 (US$M)
Saudi Arabia Investment Casting Market Outlook Share, 2022 & 2030 (US$M)
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