The Europe vacuum casting market is a rapidly evolving sector within the continent's manufacturing industry. Vacuum casting is a sophisticated and highly accurate manufacturing process to create complex, detailed components, prototypes, and small production runs. It is prevalent in the automotive, aerospace, medical devices, and consumer goods industries, where precision and quality are paramount. As a result, the Europe vacuum casting market continues to expand in diverse industries.
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Data Bridge Market Research analyses that the Europe Vacuum Casting Market is expected to grow at a CAGR of 4.6% in the forecast period of 2022 to 2029 and is expected to reach USD 10,999.14 thousand by 2029 from USD 7,675.47 thousand in 2021. Vacuum casting excels in crafting intricate and complex parts, a challenge for conventional manufacturing. Its flexibility and precision enable the production of detailed designs, meeting demands that traditional methods struggle to fulfill. This capability positions vacuum casting as a preferred choice for industries requiring intricate geometries in their products.
Key Findings of the Study
Growth in consumer product demand is expected to drive the market's growth rate
The increasing demand for consumer products has propelled the growth of vacuum casting in diverse industries. From sunglasses, pens, and cosmetic packages to food containers, bottles, and electronic device housings, vacuum casting offers efficient production solutions. This technology enables the creation of intricate and customized designs, making it a preferred choice for items such as combs, hair brushes, mugs, and glasses. The versatility of vacuum casting meets the demands of various sectors, driving its widespread adoption in manufacturing consumer goods.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Plastic, Rubber/Silicon, Wax, Glass Filled Material), Application (prototypes, product testing, others), End-use (Medical Devices, Automotive, Aerospace, Food And Beverages, Consumer Product, Electronics Components, Packaging, Others)
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Countries Covered
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Germany, U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands and the Rest of Europe
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Market Players Covered
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Plunkett Associates Ltd (U.K.), PD Models (U.K.), CMA Moldform Limited (U.K.), Complete Fabrication (U.K.), Laser Prototypes Europe Ltd. (U.K.), G.W.P. AG. (Germany), Bopla Gehäuse Systeme GmbH (Germany), MK Technology GmbH (Germany), ZOLLERN GmbH & Co. KG (Germany), FIT AG (Germany), ARRK Product Development Group Ltd. (U.K.), INEO PROTOTIPOS S.L. (Spain)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Europe vacuum casting market is segmented on the basis of material, application, and end-use.
- On the basis of material, the market is segmented into plastic, rubber/silicon, wax, and glass-filled material.
- On the basis of application, the market is segmented into prototypes, product testing, and others.
- On the basis of end-use, the market is segmented into medical devices, automotive, aerospace, food and beverages, consumer product, electronics components, packaging, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major Europe vacuum casting market players in Europe vacuum casting market are G.W.P. AG. (Germany), Bopla Gehäuse Systeme GmbH (Germany), MK Technology GmbH (Germany), ZOLLERN GmbH & Co. KG (Germany), FIT AG (Germany), ARRK Product Development Group Ltd. (U.K.), INEO PROTOTIPOS S.L. (Spain).
Market Developments
- In September 2022, Rheinmetall AG's EUR 20 million order for the Turbo Bypass Valve (TBV) Gen 6 underscores its market prominence. The cutting-edge air-divert valve solidifies Rheinmetall's pivotal role in the industry, building on a streak of successful orders. The production at Pierburg's Neuss, Germany, plant highlights the region's significance in the global market, emphasizing Germany's position as a key player in manufacturing advanced automotive components and reinforcing Rheinmetall's market leadership in innovative technologies
- In May 2022, GF Casting Solutions, a division of Georg Fischer, pledged to bolster the electric vehicle (EV) market by intensifying its focus on EV product and service development. Harnessing expertise and artificial intelligence (AI), the company strives to streamline the transition to electric drive engines and e-mobility for its customers. The incorporation of AI ensures the production of environmentally friendly, high-quality products, positioning GF Casting Solutions at the forefront of the burgeoning market for electric vehicles and sustainable mobility solutions
- In February 2022, FIT AG's partnership with BRUDER Spielwaren GmbH + Co. KG to develop the "Sprinter" toy transporter model through rapid prototyping signals a strategic move to capitalize on the growing demand for innovative manufacturing solutions in the toy market. This collaboration enhances FIT AG's market presence, opening avenues for increased revenue and business expansion. The efficient development process positions FIT AG at the forefront of meeting market demands, fostering competitiveness and long-term growth in the rapidly evolving toy industry
- In September 2021, Complete Fabrication showcased its products and processes, including Carbon, at TCT 3Sixty 2021 in Birmingham NEC. The exhibition provided a platform for the company to present its capabilities from prototype to production, attracting potential customers and partners. This strategic move not only enhanced Complete Fabrication's visibility but also facilitated market growth by establishing connections within the industry, fostering collaborations, and positioning the company as a key player in the evolving vacuum casting market
Regional Analysis
Geographically, the countries covered in the Europe vacuum casting market report are Germany, U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands and the Rest of Europe.
As per Data Bridge Market Research analysis:
Germany is the dominant region in Europe vacuum casting market during the forecast period 2022-2029
Germany dominate the vacuum casting market, primarily fueled by the surging consumer product demand in the region. The country's robust manufacturing capabilities and innovation have made it a hub for producing items such as consumer electronics, packaging, and various consumer goods through vacuum casting, reinforcing its position at the forefront of this manufacturing technology.
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