Investment Casting Market expected to grow at a CAGR of 5.0% from 2022 to 2030.
Investment Casting Industry Overview The global investment casting market size is expected to reach USD 24.52 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.0% over the forecast period. The use of new computer simulation techniques and robotics is projected to boost production rates and contribute to market growth. Investment Casting Market Segmentation Grand View Research has segmented the global investment casting market based on application and region: Based on the Application Insights, the market is segmented into Aerospace & Defense, Automotive, Oil & Gas, Medical, Mechanical Engineering, Automation, Food & Beverages and Packaging Industry, Energy Technology and Transportation. Aerospace & defense accounted for a revenue share of around 46.0% in 2021 of the global market. Investment cast products are majorly used in the aerospace industry to offer a wide range of critical app...