Source Investment Castings Parts From China
If you want to find a professional investment casting company to produce castings for you recently, the investment casting manufacturer in China is the most worthy place for you to consider. A former customer from the United States (Jack) said: I didn’t expect China’s manufacturing industry to develop so surprisingly. Precision casting technology is so professional. The quality of casting products fully meets my expectations, or even higher. Doing business in China will make you happier!
Global market situation
Investment casting (also known as wax loss casting) is an ancient casting technology. Its main advantages are reducing weight, increasing stability, design freedom and reducing cost. It is usually used for space shuttle, automobile industry, agricultural equipment, etc.
The global output of precision castings increased from 151000 tons in 2012 to 1803000 tons in 2016, with an average annual compound growth rate of more than 4.53%. In 2016, in terms of quantity, the global investment casting market was led by China, accounting for about 60.67% of the global investment casting output. In terms of revenue, the United States is the second largest market, accounting for 32.66%.
China and India are automobile hubs, and many automobile OEMs have transferred their production facilities to these countries. In the past few years, this has affected the demand for aluminum castings in these countries. Aerospace and national defense, automobile, industrial gas turbine (IGT), medical treatment, construction machinery, etc. will drive the markets of Asian developing countries (such as Japan and South Korea). From 2018 to 2026, this is expected to increase casting demand in these countries.
Development trend of investment casting in China
Now, with the vigorous development of Chinese technology, China’s foundry industry has been greatly improved.
With the development of society, China has changed from manufacturing to creative. In the process of moving towards high-end, the requirements for products and parts are higher and higher. Therefore, China’s investment casting technology will be higher and higher. It has also become the preferred country for many users.
Benefits of choosing Chinese castings
With China’s accession to the world trade organization, Chinese foundry companies are contacting and cooperating with more and more customers. It has brought them great benefits. Here, we list three main factors in choosing China.
1. Reduce costs
The biggest advantage of choosing Chinese investment casting plant is that it can reduce costs and increase its own business profit. This is important because it enables you to beat your peers and better capture the market to win more orders. This is also one of the main reasons why everyone chooses China.
2. Rapid production and delivery
Due to policy reasons, overseas OEM plants are greatly limited in production efficiency and delivery time. However, due to its population advantage, China can control the time problem well. It can produce cast products faster and more effectively and complete delivery. Reduce your waiting time.
3. Complete supply chain system
China is known as the world’s factory and has a complete supply chain system. Whether from the acquisition of raw materials, transportation and after-sales at the time of delivery. China’s precision casting companies can fully control the normal operation of each link.