COVID-19 Impact on Global Precision Casting, Market Insights and Forecast to 2026

Press Release

In this report, the COVID-19 Impact on Global Precision Casting market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. COVID-19 Impact on Global Precision Casting market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.

Browse full research report at https://www.crystalmarketreport.com/covid-19-impact-on-global-precision-casting-market-insights-and-forecast-to-2026

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Precision casting refers to the process of obtaining precise size castings.Compared with the traditional sand casting process, the precision casting has more precise size and better surface finish.It includes investment casting, ceramic mold casting, metal mold casting, pressure casting, lost mold casting.In the global market, the output of precision casting increased from 2211.4 kilotons in 2013 to 260,07.8 kilotons in 2017. The global precision casting market is dominated by China, accounting for 72.61% of the global precision casting output.Europe is the second largest regional market with a global production share of 6.57%.At present, the main precision casting manufacturers are concentrated in Shanxi Huaxiang Group Co, Ltd, Dalian Hayashi Lost-Wax Industries Co.,Ltd, Anhui Yingliu, Alcoa ranking the first globally, with a market share of 8.15% in 2017.

Market Analysis and Insights: Global Precision Casting Market

Prior to COVID-19, the market for Precision Casting was anticipated to grow from US$ XX million in 2020 to US$ XX million by 2026; it is expected to grow at a CAGR of XX% during 2021–2026, whereas post-COVID-19 scenario, the market for Precision Casting is projected to grow from US$ XX million in 2020 (a change by ~XX% compared to market estimated for 2020 before the outbreak of COVID-19) to US$ XX billion by 2026; it is expected to grow at a CAGR of XX% during 2021–2026. The solicitation of proposals by the governments and public–private companies across the world to mitigate the impact of the COVID-19 pandemic is the key factor propelling the growth of the Precision Casting market.

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 200 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Precision Casting market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

This report also analyzes the impact of Coronavirus COVID-19 on the Precision Casting industry.

Global Precision Casting Scope and Segment

Precision Casting market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Precision Casting market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2015-2026.

The following manufacturers are covered in this report:

Alcoa

Precision Castparts

CIREX

Zollern

Milwaukee Precision Casting

MetalTek

RLM Industries

Impro

Dongying Giayoung

Dongfeng

Ningbo Wanguan

Taizhou Xinyu

Jiwei

Shanxi Huaxiang Group Co, Ltd

Dalian Hayashi Lost-Wax Industries Co..Ltd

Anhui Yingliu

Xiangmeng Group

Liancheng Precision

Peacock

Dongying Jiayang

Henan Wanlong Precision Casting Corp.

Precision Casting Breakdown Data by Type

Investment Casting

Metal Mold Casting

Lost Casting

Sodium Silicate Casting

Other

Precision Casting Breakdown Data by Application

Traffic Tools

Home Appliance Industry

Communications Industry

Mechanical and Electrical Industry

Other

Regional and Country-level Analysis

The Precision Casting market is analysed and market size information is provided by regions (countries).

The key regions covered in the Precision Casting market report are North America, Europe, China, Japan, Southeast Asia and India. It also covers key regions (countries), viz, the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.

The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of production capacity, price and revenue for the period 2015-2026.

Browse full research report at https://www.crystalmarketreport.com/covid-19-impact-on-global-precision-casting-market-insights-and-forecast-to-2026

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