Singapore Investment Casting Market Size & Outlook
Singapore investment casting market, 2018-2030 (US$M)
Related Markets
Singapore investment casting market highlights
- The Singapore investment casting market generated a revenue of USD 45.8 million in 2022 and is expected to reach USD 67.8 million by 2030.
- The Singapore market is expected to grow at a CAGR of 5% from 2023 to 2030.
- In terms of segment, mechanical engineering 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 45.8 million |
| Market revenue in 2030 | USD 67.8 million |
| Growth rate | 5% (CAGR from 2022 to 2030) |
| Largest segment | Mechanical engineering |
| 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, Singapore accounted for 0.3% 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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Singapore 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 35.81% in 2022. Horizon Databook has segmented the Singapore 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.
Singapore is a free-market and highly developed economy. It is characterized by a high per capita GDP as compared to other developed countries, stable prices, corruption-free environment, and low unemployment, which aid in boosting the country’s economic growth.
According to The Ministry of Trade and Industry (MTI), the economy witnessed 1.9% year-over-year (YOY) growth from 2017 to 2018, with the manufacturing sector experiencing 5.1% YOY growth.Manufacturing industry in Singapore contributed to over 20% to 25% of the country’s GDP in 2017.
The major sectors with their manufacturing facilities in the country include logistics, transport engineering, biomedical sciences, chemicals, and electronics. The growth of manufacturing industry is expected to drive the demand for machinery in the aforementioned facilities, thereby complementing the growth of investment casting market.
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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 country-level data and insights on the Singapore investment casting market , including forecasts for subscribers. This country databook contains high-level insights into Singapore investment casting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore investment casting market size, by application, 2018-2030 (US$M)
Singapore Investment Casting Market Outlook Share, 2022 & 2030 (US$M)
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