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Iron and Steel Casting Trends and Forecast
The future of the global iron and steel casting market looks promising with opportunities in the automotive & transport, machinery & equipment, pump & valve, and pipe & fitting applications. The global iron and steel casting market is expected to reach an estimated $196.8 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are rapid expansion of construction industry and rising demand for this casting from automotive and industrial sector.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Iron and Steel Casting by Segment
The study includes a forecast for the global iron and steel casting by product type, application, and region.
Iron and Steel Casting Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Ductile Iron
• Steel
• Others
Iron and Steel Casting Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Automotive & Transport
• Machinery & Equipment
• Pumps & Valve
• Pipes & Fittings
• Others
Iron and Steel Casting Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Iron and Steel Casting Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies iron and steel casting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the iron and steel casting companies profiled in this report include-
• Tata Steel
• Hyundai Steel
• Nelcast
• ArcelorMittal
• Amsted Rail
• Evraz
• Calmet
• OSCO Industries
• Hitachi Metals
• Nuco
Iron and Steel Casting Market Insights
Lucintel forecasts that ductile iron will remain the larger segment over the forecast period due to its various advantages, such as enhanced machining, casting, and compressive strength.
North America will remain the largest region over the forecast period due to the rising investment among infrastructure and construction activities in the region.
Features of the Global Iron and Steel Casting Market
Market Size Estimates: Iron and steel casting market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Iron and steel casting market size by product type, application, and region in terms of value ($B).
Regional Analysis: Iron and steel casting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the iron and steel casting market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the iron and steel casting market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the iron and steel casting market size?
Answer: The global iron and steel casting market is expected to reach an estimated $196.8 billion by 2030.
Q2. What is the growth forecast for iron and steel casting market?
Answer: The global iron and steel casting market is expected to grow with a CAGR of 5.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the iron and steel casting market?
Answer: The major drivers for this market are rapid expansion of construction industry and rising demand for this casting from automotive and industrial sector.
Q4. What are the major segments for iron and steel casting market?
Answer: The future of the iron and steel casting market looks promising with opportunities in the automotive & transport, machinery & equipment, pump & valve, and pipe & fitting markets.
Q5. Who are the key iron and steel casting market companies?
Answer: Some of the key iron and steel casting companies are as follows:
• Tata Steel
• Hyundai Steel
• Nelcast
• ArcelorMittal
• Amsted Rail
• Evraz
• Calmet
• OSCO Industries
• Hitachi Metals
• Nuco
Q6. Which iron and steel casting market segment will be the largest in future?
Answer: Lucintel forecasts that ductile iron will remain the larger segment over the forecast period due to its various advantages, such as enhanced machining, casting, and compressive strength.
Q7. In iron and steel casting market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the rising investment among infrastructure and construction activities in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the iron and steel casting market by product type (ductile iron, steel, and others), application (automotive & transport, machinery & equipment, pumps & valve, pipes & fittings, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Iron And Steel Casting Market, Iron And Steel Casting Market Size, Iron And Steel Casting Market Growth, Iron And Steel Casting Market Analysis, Iron And Steel Casting Market Report, Iron And Steel Casting Market Share, Iron And Steel Casting Market Trends, Iron And Steel Casting Market Forecast, Iron And Steel Casting Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Iron and Steel Casting Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Iron and Steel Casting Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Iron and Steel Casting Market by Product Type
3.3.1: Ductile Iron
3.3.2: Steel
3.3.3: Others
3.4: Global Iron and Steel Casting Market by Application
3.4.1: Automotive & Transport
3.4.2: Machinery & Equipment
3.4.3: Pumps & Valve
3.4.4: Pipes & Fittings
3.4.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Iron and Steel Casting Market by Region
4.2: North American Iron and Steel Casting Market
4.2.2: North American Iron and Steel Casting Market by Application: Automotive & Transport, Machinery & Equipment, Pumps & Valve, Pipes & Fittings, and Others
4.3: European Iron and Steel Casting Market
4.3.1: European Iron and Steel Casting Market by Product Type: Ductile Iron, Steel, and Others
4.3.2: European Iron and Steel Casting Market by Application: Automotive & Transport, Machinery & Equipment, Pumps & Valve, Pipes & Fittings, and Others
4.4: APAC Iron and Steel Casting Market
4.4.1: APAC Iron and Steel Casting Market by Product Type: Ductile Iron, Steel, and Others
4.4.2: APAC Iron and Steel Casting Market by Application: Automotive & Transport, Machinery & Equipment, Pumps & Valve, Pipes & Fittings, and Others
4.5: ROW Iron and Steel Casting Market
4.5.1: ROW Iron and Steel Casting Market by Product Type: Ductile Iron, Steel, and Others
4.5.2: ROW Iron and Steel Casting Market by Application: Automotive & Transport, Machinery & Equipment, Pumps & Valve, Pipes & Fittings, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Iron and Steel Casting Market by Product Type
6.1.2: Growth Opportunities for the Global Iron and Steel Casting Market by Application
6.1.3: Growth Opportunities for the Global Iron and Steel Casting Market by Region
6.2: Emerging Trends in the Global Iron and Steel Casting Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Iron and Steel Casting Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Iron and Steel Casting Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Tata Steel
7.2: Hyundai Steel
7.3: Nelcast
7.4: ArcelorMittal
7.5: Amsted Rail
7.6: Evraz
7.7: Calmet
7.8: OSCO Industries
7.9: Hitachi Metals
7.10: Nuco
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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