South Korea Investment Casting Market Size & Outlook
South Korea investment casting market, 2018-2030 (US$M)
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South Korea investment casting market highlights
- The South Korea investment casting market generated a revenue of USD 281.7 million in 2022 and is expected to reach USD 428.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.4% 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 281.7 million |
| Market revenue in 2030 | USD 428.1 million |
| Growth rate | 5.4% (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, South Korea accounted for 1.7% 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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South Korea 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 34.82% in 2022. Horizon Databook has segmented the South Korea 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 rebound has mainly been fueled by the strong global demand, particularly for electronics, ships, and automobiles. In addition, an increase in planned government spending is also expected to boost the domestic demand for the aforementioned products, which, in turn, is likely to favor the growth of manufacturing sector.
Manufacturing sector is the primary growth driver for South Korea and the most significant industries in the country include electronics, automobile, telecommunication, and shipbuilding. South Korea is a major player in the global shipbuilding market accounted for over 30% share in the global ship production.
Four of the world’s largest shipbuilding companies are from South Korea, namely Samsung Heavy Industries, Hyundai Heavy Industries, STX Offshore & Shipbuilding, and Daewoo Shipbuilding & Marine Engineering.
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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 South Korea investment casting market , including forecasts for subscribers. This country databook contains high-level insights into South Korea investment casting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea investment casting market size, by application, 2018-2030 (US$M)
South Korea Investment Casting Market Outlook Share, 2022 & 2030 (US$M)
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