Asia-Pacific Dominates Global Precision Casting Market with 46% Share

The global precision casting market, valued at $210.8 billion in 2025, is increasingly concentrated in Asia-Pacific, which holds 46% of the global market share. China leads this growth, accounting for 65% of the region’s precision casting output, driven by its robust automotive and aerospace manufacturing sectors. The country’s “Made in China 2025” policy has provided significant subsidies for advanced casting technologies, with domestic manufacturers like Baosteel and Shagang investing heavily in silica sol investment casting capabilities.

India and Southeast Asia are emerging as secondary hubs, with their growing automotive component manufacturing industries driving demand for mid-range precision castings. Vietnam, in particular, has attracted $1.5 billion in foreign direct investment for casting facilities, focusing on water glass investment casting for construction machinery parts. North America follows Asia-Pacific with a 27% market share, led by the U.S. aerospace sector, while Europe holds 21%, with Germany’s automotive precision casting industry leading innovation.

The competitive landscape is increasingly concentrated, with the top five companies controlling 39% of the market. Precision Castparts Corp. (PCC) leads with an 11% share, followed by Impro Precision at 7%. However, Asian manufacturers are gaining ground—China’s Ningbo Seamless Precision Casting has expanded its global footprint by 20% in 2025, leveraging lower production costs and improving quality standards. Regional trade agreements, such as the RCEP, are facilitating the flow of precision casting materials and components, further strengthening Asia-Pacific’s dominance in the global supply chain.