The global Precision Casting market size is projected to reach USD 21.34 billion by 2029

Precision casting is a lost wax casting process. It is also called investment casting, which is widely used for producing ferrous and nonferrous metal casting. The lost wax method of Precision casting is suitable for producing castings with complex shapes and high dimensional accuracy. Precision casting has excellent surface finish and dimensional accuracy. Its product has net shape or near net shape. And it can be suitable for low quantity request order. Additionally, in both design and material choice of castings, Precision castings has a huge freedom. It allows many types of steel or alloy steel for investment. So on casting market, Precision casting is the highest quality castings .

According to the new market research report “Global Precision Casting Market Report 2023-2029”, published by GlobalInfoResearch, the global Precision Casting market size is projected to reach USD 21.34 billion by 2029, at a CAGR of 4.2% during the forecast period.

• Global Precision Casting MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Precision Casting Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

• Global Precision Casting Top19Players Ranking and Market Share（Based on data of 2021, Continually updated）

Source: GlobalInfoResearch, “Global Precision Casting Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

The global key manufacturers of Precision Casting include Arconic, PCC (Precision Castparts), CPP (Selmet), Zollern, Impro Precision Industries, Hitchiner, Shanxi Huaxiang Group Co, Ltd, Dongfeng Investment Casting, Gaona Aero Material, Liancheng Precision, etc. In 2021, the global top five players had a share approximately 24.0% in terms of revenue.

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