US and Europe Investment Casting Market Size, Share, Growth Analysis, By Material Type (Stainless Steel, Aluminum), By Process Type (Sodium Silicate Process, Tetraethyl Orthosilicate (Silica Sol Process)), By Application (Aerospace & Defense, Automotive), By End-User - Industry Forecast 2025-2032

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.