Automotive The overall World market for Automotive showed a decline, with the North American market flat and with a 5.8% reduction in sales in Europe and further reductions in Asia. With the negative perception of Diesel technology and the shift towards electrification of vehicles globally, the previous forecasts for turbocharger wheel markets are difficult to foresee currently. Some growth in the Automotive market in China was reported in 2019.
Other Markets The World sales for the Other Markets sector has shown a decrease in all regions except for North America. A notable reduction in the China and Asia sectors was experienced in 2019.
Industry Outlook for 2020 The overall world
investment casting
sales are expected to show some growth through 2020. As previously mentioned, the commercial
Aerospace industry
remains buoyant and this is anticipated to continue into 2020 and is seen as the predominant factor for any growth. The Industrial Gas Turbine market is expected to show some growth in the later part of 2020. However, sales are not expected to reach previous highs. The slowdown in the Automotive sector is a concern for the industry together with the movement towards electrification and away from existing technologies, with the industry almost on hold for parts of 2019, it is hoped that some recovery may be seen in 2020 while the industry adjusts to cope with new demands. Other Markets are anticipated to remain at a similar level to 2019. The Investment Casting Industry has always shown resilience and has the ability and foresight to handle market changes and develop new market opportunities.
January 2020 ❘ 9 ®
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