US & Europe Investment Casting Market Size, Share, and Growth Analysis

Us & Europe Investment Casting Market By Material Type, (Ferrous Alloys and Non-Ferrous Alloys), By Process Type, By Application, By End-user Industry, By Region - Industry Forecast 2024-2031


Report ID: SQMIR30L2262 | Region: Regional | Published Date: January, 2025
Pages: 199 |Tables: 124 |Figures: 77

Format - word format excel data power point presentation

US & Europe Investment Casting Market Insights

The US & Europe Investment Casting Market size was valued at USD 8.5 billion in 2024 and is poised to grow from USD 7,850.3 billion in 2024 to USD 16.6 billion by 2032, at a CAGR of 9.1% over the forecast period (2024- 2031).

Investment casting, also known as precision casting or lost wax casting, is a manufacturing technique used to create particularly special steel elements with remarkable precision. This method is right for producing problematic and complex components, making it mainly valuable in industries like aerospace, car, clinical, and industrial equipment.

The growing demand for medical devices is a key driver for the growth of the investment casting industry in Europe and the United States. Investment casting is crucial for producing high-precision components for medical devices such as surgical tools, prosthetics, and orthopedic implants. These components require the high accuracy and durability that investment casting offers, making it ideal for creating complex shapes and intricate designs. The U.S. medical device industry is valued at over $200 billion, according to the Food and Drug Administration. As the population ages and healthcare continues to advance, the need for precision-engineered parts is increasing. All these factors are anticipated to drive the market growth

The adoption of investment casting in Europe and the United States is the high production cost associated with the technique, compounded by using its labor-intensive nature. Investment casting is a exceptionally specialized approach that requires huge investment in materials, professional labor, and advanced equipment. For manufacturers in these areas, which are beneath consistent pressure to minimize manufacturing charges and maximize efficiency, this high price can be prohibitive, especially for industries relying on high-quantity, fee-effective manufacturing methods.

Investment casting has considerably benefited from improvements in substances and technology, specifically in excessive-overall performance alloys and the integration of cutting-edge production techniques. These traits are poised to play a critical role in riding the successful of the funding casting marketplace in each Europe and the United States. Advanced alloys together with titanium, cobalt-chrome, and nickel-primarily based superalloys are critical in industries like aerospace, car, and healthcare because of their high electricity-to-weight ratios, fantastic resistance to warmness and corrosion, and fatigue resistance.

Market snapshot - (2024- 2031)

Global Market Size

USD 8.5 billion

Largest Segment

Ferrous Alloys

Fastest Growth

Non-Ferrous Alloys

Growth Rate

9.1% CAGR

US & Europe Investment Casting Market ($ Bn)
Country Share for Europe Region (%)

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US & Europe Investment Casting Market Segments Analysis

The US & Europe Investment Casting Market is segmented based on type, wax type, distribution channel, and region. By type, the market includes ferrous alloys and non-ferrous alloys. Based on process type, the market is divided into sodium silicate process and tetraethyl orthosilicate/silica sol process. In terms of application, the market is divided into turbine blades, airfoils, engine components, suspension components, transmission parts, medical equipment, pump components, valves & fittings, firearm components, ship propellers and others. By end user industry, the market includes aerospace & defense, automotive, industrial machinery, healthcare, energy, oil & gas, marine and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa (MEA).

Analysis by Material Type

In 2023, the Ferrous Alloys dominate the US & Europe investment casting market The growth of the US & Europe investment casting market in ferrous alloys is associated with its broad scope of applications in the aerospace, defense as well as industrial machinery markets. From our extensive research we understand that ferrous alloys such as carbon steel, alloy steel as well as stainless steel are selected based on their strength, durability, and ability to resist corrosion. According to CAEF statistics, the amount of iron and steel castings produced in the member states stood at 10.7 million tons in 2021, which indicates a year-on-year increase of 17.6% thus strengthening the dominance of this segment.

Furthermore, the Non-Ferrous Alloys is the fastest growing segment in US & Europe investment casting market since this type of alloys has a low weight and excellent corrosion resistance. Their application encompasses a range of industries such as aerospace, automotive and healthcare since aluminium, titanium and copper alloys are in demand for production of high-performance components. The increased fuel efficiency and durability of these products motivate the market further.

Analysis by Process Type

In 2023, the Tetraethyl Orthosilicate/Silica Sol Process segment dominates the US & Europe investment casting market and its anticipated to show the fastest growth during the forecast period. This dominance can be attributed to its superior characteristics, including exceptional surface finish, reduced geometric deviations, and high corrosion resistance, which make it highly suitable for precision applications across industries like aerospace, defense, and medical equipment. The process's ability to achieve high-quality results aligns with the growing demand for advanced casting techniques in sectors requiring intricate designs and tighter tolerances.

However, the Sodium Silicate Process segment is anticipated to be the second fastest-growing segment in the US & Europe investment casting market. the sodium silicate process, while economical and widely used for larger, less precision-intensive components, is limited in applications requiring superior surface finish and tighter tolerances. With its CAGR of 8.8%, the segment remains important for cost-sensitive industries. However, the silica sol process's adoption is driven by its capability to meet the evolving needs of advanced manufacturing sectors, ensuring its continued dominance in the investment casting market. As industrial demands grow more sophisticated, the Tetraethyl Orthosilicate/Silica Sol Process is well-positioned to leverage these trends, securing its leadership in the market.

US & Europe Investment Casting Market By Material Type

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US & Europe Investment Casting Market Regional Insights

In 2023, Europe is projected to hold the largest share of the US & Europe Investment Casting Market, accounting for approximately 52.7%. Investment casting is extensively used for the aerospace and defense industries in Europe which are the major investors, given the fact that it is a cost-effective method to fabricate lightweight strength components that include turbine blades and parts of a structure. Increased spending on defense and growing aerospace production in countries like Germany and France further boost demand. Technological advancements, including the integration of 3D printing for mold creation and precision engineering, enhance the efficiency and quality of investment casting processes, driving its adoption across various industries.

However, US is poised to secure the second-largest position in the US & Europe Investment Casting Market, The U.S. investment casting market is driven by significant defense spending through initiatives like the Pentagon's modernization programs focusing on aerospace and military applications. With strong demand for turbine blades and engine components in the aviation sector, the market benefits from collaborations between players like Precision Castparts Corp and government-backed research programs to boost manufacturing capabilities.

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US & Europe Investment Casting Market By Region
  • Largest
  • Fastest

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US & Europe Investment Casting Market Dynamics

Driver

Integration of Additive Manufacturing in Investment Casting Driving Market Growth

  • The adoption of RIC technology significantly reduces lead times when compared to the traditional investment casting methods. Traditionally, pattern creation, shell building and drying processes could take several weeks. With AM, parts can be made much faster hence decreasing the production time. This is very crucial in industries such as aerospace and defense since they require short production times and increased capacity. Also, the capacity to print from 3D models means that manufacturers can create custom parts as and when needed, without having to go through the process of creating a mold. This is why RIC is very economical especially where high-value, low-volume production is concerned.
  • One of the key factors that has led to the growth of the investment casting market is the growing use of additive manufacturing in the creation of commercial and military aircraft engines. The aerospace industry, in particular, has experienced a growing need for components that offer high performance, light weight, and high structural integrity for use in harsh environments. This paper explores how additive manufacturing is essential in the creation of such demands by facilitating the creation of parts that enhance the efficiency and effectiveness of aircraft engines.

Growth of Investment Casting in the Automotive Industry Driven by EVs and Autonomous Vehicles

  • The automotive industry is one of the largest and most significant drivers for the investment casting market in both Europe and the US. Investment casting is particularly favored for manufacturing high-precision, complex automotive components such as engine blocks, transmission parts, and turbochargers, due to its ability to produce intricate geometries and tight tolerances. These parts often require high-strength alloys, which investment casting can accommodate more efficiently than traditional methods.
  • The automotive industry changing, there is an increasing opportunity for investment casting in the shift to electric vehicles. EVs require lightweight but strong parts that can increase fuel efficiency and performance. This also includes another complexity factor: the fast-growing trend of autonomous vehicles, which calls for even more advanced sensors, actuators, and control systems than ever before. Most of them are best produced with investment casting for precision and reliability, which is another factor adding to the demand for investment casting in the automotive industry.

Restraint

High Production Costs and Labor Intensity Restraint the US & Europe Investment Casting Market Growth

  • One of the major restraints hindering investment casting adoption in Europe and the United States is its cost of production. High costs and labor input increase this further. It is one of the highly specialized techniques, requiring considerable investments in materials, labor skills, and advanced machinery. For manufacturers in these regions constantly pressured to minimize production cost and maximize efficiency, high expense can be prohibitive for industries that rely significantly on high-volume, cost-effective processes.
  • For instance, labor forms a large part of the cost, especially in Europe and North America, where skilled labor is required for the detailed steps in the investment casting process, including the creation of the pattern, building the shell, and preparation of the mold. The labor-intensive nature of these stages makes investment casting less competitive compared to more automated casting processes. Manufacturing labor costs in the US range approximately between $25 to $30 per hour for skilled workers, which can really hike up production costs.

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US & Europe Investment Casting Market Competitive Landscape

The US and European investment casting market is highly fragmented, with many players vying for a leading position in both domestic and regional markets. This competition is fueled by the growing demand for precision castings across various industries, including aerospace, automotive, industrial, and medical. Notable market leaders such as Precision Castparts Corp (Berkshire Hathaway), Proterial Ltd., Impro Precision Industries Ltd., Form Technologies LLC, and Doncasters Group Ltd. dominate the market, leveraging their extensive expertise and capabilities to meet the evolving needs of their clients. The Precision Castparts Corp (Berkshire Hathway) hold the highest market share in investment casting market. In August 2023, Doncasters Group, the renowned international manufacturer of high-precision alloy components, obtained a major multiyear contract amounting to more than $1 billion in value from Siemens Energy, leading in global energy technology.

These developments characterize the competitive nature of the investment casting market in the US and Europe, where leading manufacturers have been constantly innovating and growing in their capabilities to serve these highly demanding industries. Such efforts through strategic partnerships and technologies, investments in innovative cutting-edge manufacturing processes help to position companies as key market leaders in the global market.

Top Players in US & Europe Investment Casting Market

  • Precision Castparts Corp.
  • Investacast
  • MetalTek International
  • Winsert Inc.
  • Zollern Gmbh
  • Milwaukee Precision Casting Inc.
  • Barron Industries
  • Doncasters Group Ltd.
  • American Casting Company
  • Form Technologies LLC
  • The Casting Company
  • Proterial Ltd.
  • Dongying Giayoung Precision Metal
  • Impro Precision Industries Ltd.
  • Erlson Precision Components Ltd.
  • Deeco Metals Inc.
  • Marle Group
  • PBS Group A.S.
  • Aero Metals Inc.
  • Invest Cast Inc.

Recent Developments

  • September 2023, Zollern completed the phase of its new IGT/AERO Investment Casting production line. A seven-axis ABB robot system was delivered, playing a crucial role in the new EQX and DS/SX shelling lines, supplied by VA Technology. These lines were set to be fully commissioned in August. The upgrade enabled the investment casting team to produce large EQX components (up to 220 kg) and DS/SX components (up to 100 kg) for the industrial gas turbine and aerospace markets with advanced process control.
  • In August 2022, TriTech Titanium Parts, a spin-off of AmeriTi Manufacturing, introduced its Detroit-based titanium components for various industries. Utilizing metal injection, 3D binder jet printing, and investment casting technologies, the company produces titanium parts tailored for industrial, aerospace, automotive, and medical applications.

US & Europe Investment Casting Key Market Trends

US & Europe Investment Casting Market SkyQuest Analysis

According to our analysis, The US and Europe investment casting market will grow significantly, as it is driven by the high demand for high-precision components in sectors such as aerospace, automotive, and healthcare. Despite challenges in the form of high production costs and labor intensity, technological advancements such as additive manufacturing and automation benefit the market. The integration of such innovations in the aerospace and automobile industries will improve efficiency and reduce lead times, fueling further adoption. In the meanwhile, ferrous alloys remain dominant, with non-ferrous alloys growing at a rapid rate. Strong players like Precision Castparts Corp. and Doncasters Group are strengthening their competitive position by winning strategic contracts and investing in appropriate technologies.

Report Metric Details
Market size value in 2024 USD 8.5 billion
Market size value in 2032 USD 16.6 billion
Growth Rate 9.1%
Base year 2024
Forecast period (2024- 2031)
Forecast Unit (Value) USD Billion
Segments covered
  • Material Type
    • Ferrous Alloys and Non-Ferrous Alloys
  • Process Type
    • Sodium Silicate Process and Tetraethyl Orthosilicate/Silica Sol Process
  • Application
    • Turbine Blades, Airfoils, Engine Components, Suspension Components, Transmission Parts, Medical Equipment, Pump Components, Valves & Fittings, Firearm Components, Ship Propellers and Others
  • End-user Industry
    • Aerospace & Defense, Automotive, Industrial Machinery, Healthcare, Energy, Oil & Gas, Marine and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Precision Castparts Corp.
  • Investacast
  • MetalTek International
  • Winsert Inc.
  • Zollern Gmbh
  • Milwaukee Precision Casting Inc.
  • Barron Industries
  • Doncasters Group Ltd.
  • American Casting Company
  • Form Technologies LLC
  • The Casting Company
  • Proterial Ltd.
  • Dongying Giayoung Precision Metal
  • Impro Precision Industries Ltd.
  • Erlson Precision Components Ltd.
  • Deeco Metals Inc.
  • Marle Group
  • PBS Group A.S.
  • Aero Metals Inc.
  • Invest Cast Inc.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on US & Europe Investment Casting Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on US & Europe Investment Casting Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the US & Europe Investment Casting Market , our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the US & Europe Investment Casting Market .

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the US & Europe Investment Casting Market :

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the US & Europe Investment Casting Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

The US & Europe Investment Casting Market size was valued at USD 8.5 billion in 2024 and is poised to grow from USD 7,850.3 billion in 2024 to USD 16.6 billion by 2032, at a CAGR of 9.1% over the forecast period (2024- 2031).

The US and European investment casting market is highly fragmented, with many players vying for a leading position in both domestic and regional markets. This competition is fueled by the growing demand for precision castings across various industries, including aerospace, automotive, industrial, and medical. Notable market leaders such as Precision Castparts Corp (Berkshire Hathaway), Proterial Ltd., Impro Precision Industries Ltd., Form Technologies LLC, and Doncasters Group Ltd. dominate the market, leveraging their extensive expertise and capabilities to meet the evolving needs of their clients. The Precision Castparts Corp (Berkshire Hathway) hold the highest market share in investment casting market. In August 2023, Doncasters Group, the renowned international manufacturer of high-precision alloy components, obtained a major multiyear contract amounting to more than $1 billion in value from Siemens Energy, leading in global energy technology. 'Precision Castparts Corp.', 'Investacast', 'MetalTek International', 'Winsert Inc.', 'Zollern Gmbh', 'Milwaukee Precision Casting Inc.', 'Barron Industries', 'Doncasters Group Ltd.', 'American Casting Company', 'Form Technologies LLC', 'The Casting Company', 'Proterial Ltd.', 'Dongying Giayoung Precision Metal', 'Impro Precision Industries Ltd.', 'Erlson Precision Components Ltd.', 'Deeco Metals Inc.', 'Marle Group', 'PBS Group A.S.', 'Aero Metals Inc.', 'Invest Cast Inc.'

The adoption of RIC technology significantly reduces lead times when compared to the traditional investment casting methods. Traditionally, pattern creation, shell building and drying processes could take several weeks. With AM, parts can be made much faster hence decreasing the production time. This is very crucial in industries such as aerospace and defense since they require short production times and increased capacity. Also, the capacity to print from 3D models means that manufacturers can create custom parts as and when needed, without having to go through the process of creating a mold. This is why RIC is very economical especially where high-value, low-volume production is concerned.

In Europe and the U.S., the trend of the supply side, in increasing automation and robotics, significantly reshapes the investment casting market. The industry witnesses a surge in the need for high-precision components, mainly in sectors like aerospace, automotive, and healthcare. So, manufacturers need to adapt automation as a way to satisfy their needs. Introducing robotics in the casting process enables companies to achieve high-quality output consistently, avoiding human error and variability generally experienced with manual processes.

In 2023, Europe is projected to hold the largest share of the US & Europe Investment Casting Market, accounting for approximately 52.7%. Investment casting is extensively used for the aerospace and defense industries in Europe which are the major investors, given the fact that it is a cost-effective method to fabricate lightweight strength components that include turbine blades and parts of a structure. Increased spending on defense and growing aerospace production in countries like Germany and France further boost demand. Technological advancements, including the integration of 3D printing for mold creation and precision engineering, enhance the efficiency and quality of investment casting processes, driving its adoption across various industries.

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