Grand View Research : Forum : Investment Casting Market Size..

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Investment Casting Market Size Of USD 24.52 Bn By 2030

2 Months Ago

Investment Casting Industry OverviewThe global investment casting market size was valued at USD 15.83 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2022 to 2030. An increase in air passenger traffic is projected to assist in the production of new commercial aircraft creating a positive impact on the demand for investment cast products. The increase in passenger traffic is closely attributed to the increasing per capita income and positive GDP across the globe, which has increased the demand for new commercial aircraft. For instance, in 2021, Airbus delivered 611 commercial aircraft, which was 8% more than in 2020. Similarly, Boeing delivered 340 commercial aircraft in 2021. The U.S has recovered from the economic contraction in 2020 caused by the COVID-19 pandemic. The economy’s real GDP increased 5.7% in 2021 from a decrease of 3.4% in 2020.Gather more insights about the market drivers, restrains and growth of the Global Investment Casting Market