Industry Forecast
Global Report World Investment Casting Market Review 2021
Prepared by Joseph Fritz and Carlos Olabe with Contributions from the World’s Trade Associations, their Members and the Blayson Group Ltd.
of $12.9 Billion. The rate of recovery ranges from 5.8% in Asia to 17.6% in China. Europe is recovering at a rate of 17.5% and North America exhibited a rate of 9.5%. The large variance in recovery rates is attributable to a number of factors, including product mix, supply chain concerns, labor issues and the degree to which a region was affected by the pandemic.
G North America, which comprises
39% of global sales, produced $5.1 Billion in castings last year, realizing most of its recovery from High Value- Added products. China had estimated sales of $3.3 Billion, or 25% of the global market. The growth in China was fueled by the production of General Industrial Products, which grew at a rate of 20%. Europe demonstrated 14% growth in High Value-Added investment castings and 10% growth in Automotive casting which contributed to a total sales volume of $2.8 Billion, or 22% of the 2021 global sales. Asia, excluding China, realized revenues of approximately $1.4 Billion also performed well. Japan’s annual sales in 2021 was an approx. 18% increase from 2020 levels and India’s sale of these product grew by 14%.
Looking to the future, it is estimated
that global sale of investment castings will return to the pre-pandemic level of $14.3 Billion by the end of 2024.
lobal sales of investment castings have returned to the 2015 level with estimated sales
8 ❘ January 2022 ®
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