Industry Forecast
European Investment Casting Market Review 2017
by Carlos Olabe, Director, EICF; Ron Williams, Richard Hirst, The Blayson Group Ltd. T
he Euro area economy is on track to grow at its fastest pace in a decade with real GDP
growth forecast at 2.2%. Against this background European investment casting continues a strong performance with preliminary reports indicating a gain of 4.7% over 2016 resulting in an estimated total sales value of US$3.3B. All sectors and markets are demonstrating similar
performance
levels with the High Added Value sector and Automotive particularly strong. 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 growth of the High Added Value sector to European investment casting is clearly shown above with its steady rate of progress maintained. The automotive sector performed well again in 2017 across all countries. Commercial casting sales have
improved slightly over the level of recent years.
Aerospace Airbus
aircraft environment remains healthy while
states that the
robust order the
commercial backlog
comprising 6,771 aircraft continues to support production ramp-up plans. 2017 order intake is currently for 203 commercial aircraft valued at €981 billion.
In support of this Rolls Royce
remain very positive with production remaining at full capacity.
Industrial Gas Turbines (IGT) The market improvement seen in 2016
14 ❘ January 2018 ®
Europe
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