Investment Casting Market Is Expected To Reach USD 24.52 Billion By 2030
San Francisco, 12 June 2023: The Report Investment Casting Market Size, Share & Trends Analysis Report By Application (Aerospace & Defense, Oil & Gas, Mechanical Engineering, Automotive), By Region, And Segment Forecasts, 2023 - 2030 The global investment casting market size is expected to reach USD 24.52 billion by 2030, registering a CAGR of 5.0% over the forecast period, according to a new report by Grand View Research, Inc. The use of new computer simulation techniques and robotics is projected to boost production rates and contribute to market growth. The investment casting process is labor-intensive on account of the precision required in the final product, which increases the cost of direct wages to the workers. However, to overcome this, technological advancements have been made by prominent players in the industry with the introduction of electronically operated robotic arms that perform the majority of casting operations. These arms apply various types of ce