Industry Forecast by Fuyuhiko Urabe, Business Group of JFS,Inc
Turnover for each market sector is detailed in Table 1, with Figures 1 and 2 depicting monthly production volume and turnover trends by sector.
J
Industrial Gas Turbine Although the industrial gas turbine mar- ket sector has not gained momentum, the recovery experienced in the fourth quarter of 2017 with 2018 sales con- tinuing at that level. Annualized, 2018 sales are expected to increase about 10% from the previous year. However, the domestic demand prospects are un- certain, so it seems unlikely that 2019 will offer further growth.
Automobile Although the automobile sector shows the largest investment casting market in Japan, it is expected to finish the year about 6% lower than the prior year. This is largely due to the growth in production of electric vehicles and hybrids and the decrease in exports. In spite of this, a 1 to 2% growth rate is anticipated for 2019.
Aerospace/Weapons The aerospace/weapons sector shows about 9% increase as compared to 2017.
General Machines & Others Meanwhile, minor product sectors in sales, such as general machinery and others, all show growth of 3 to 5% compared to 2017.
Notes Investment castings produced for the general machinery and the aerospace/ weapons sectors are for domestic con- sumption products. Sales have increased by 3 to 9% compared to 2017. The production output in 2019 is
anticipated to increase to approximately 50 billion yen.
24 ❘ January 2019 ® Figure 2: Turnover of each section in 2018. Figure 1: Production weight of each section in 2018.
apanese foundries are expected to realized 2018 turnover (sales) of 49B yen (≈$450M USD).
Japan
Japanese Trends of Investment Casting Market in 2018
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