Industry Forecast
Europe
European Investment Casting Market Review 2016
by Ron Williams, Richard Hirst, The Blayson Group Ltd. T
he European investment casting industry sales are estimated to have increased by 4% in 2016 to
reach a total value of US$3.2Billion. This maintains Europe’s contribution to the worldwide investment casting industry at nearly a quarter of total world sales. 2016 has seen improvements in industrial gas turbine sales supported by a strong performance in aerospace and the automotive sector.
Market shares in European
investment casting remain unchanged with the UK continuing to lead with 50% of sales. France and Germany are the next largest individual contributors with the combined sales for all other European countries at 19% of the total.
European Sector Trend The importance of the High Added Value sector to European investment casting is clearly shown above with the growth rate of recent years being maintained. The automotive sector performed well in 2016 across all countries. Commercial casting sales have maintained the level of recent years.
Aerospace
Casting sales were maintained in 2016 with the commercial aircraft industry remaining the major market. achieved
its
the handover of an to Singapore
10,000th delivery Airlines.
A350-900 jetliner This major
achievement follows more than four decades of continuous growth. Rolls Royce order book remains strong and the company has cut the time it takes to manufacture the fan and turbine discs used in its engines by 50%, by combining production processes and introducing robotics and faster inspection processes.
18 ❘ January 2017 ®
Industrial Gas Turbines (IGT) IGT casting sales showed a significant improvement in 2016 with a 5% increase in sales. This follows an extended period of stagnation since 2009. Importantly the improvement has been seen by all foundries supplying the sector.
Automotive Automotive casting sales increased by 3% in 2015 with improvements of this level seen in all countries. The business market performed extremely well with buying decisions increasingly based on quality, value for money and safety seeing strong demand for vehicles
Airbus with
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36
