Market Overview:
The global ferrous castings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ferrous castings from various end-use industries, such as machinery & equipment, motor vehicles, pipe & fitting, valves, pumps & compressors and aerospace equipment. In terms of type, the gray iron castings segment is expected to lead the global ferrous castings market during the forecast period. This can be attributed to its low cost and high strength as compared to other types of ferrous castings.
Product Definition:
Ferrous castings are a type of casting made from iron or steel. They are important because they are strong and durable, making them ideal for use in machinery, tools, and other heavy equipment.
Gray Iron Castings:
Gray iron castings are made from pig iron that has been recycled. The pitting and crude oil refining process leave behind a slurry of metal particles, sand, and other materials. These are then consolidated under tremendous pressure to form solid pieces of metal with the desired dimensions.
The finished product is known for its superior surface finish.
Ductile Iron Castings:
Ductile iron castings are made from pig iron, which is alloyed with carbon and other metals to improve its malleability. Ductile irons can be easily drawn into wire form and then re-shaped by heat. It has a high melting point compared to the ferrous counterparts making it suitable for applications requiring higher temperatures such as heavy machinery, foundry equipment or architectural bronzes.
The product demand in the U.
Application Insights:
The machinery and equipment application segment led the market in 2017 and is projected to continue its dominance over the forecast period. This can be attributed to increasing demand for industrial robots, which are largely dependent on ferrous castings. Furthermore, growing demand for technologically advanced products such as turbines, power plants and windmills is expected to drive growth over the coming years.
The motor vehicles application segment accounted for a significant share of 15.9% in terms of volume in 2017 owing to rising production of passenger cars and commercial vehicles across various countries including China, India Japan Korea etcetera etcetera). The use of ductile iron casting has been significantly increasing across automotive applications due to properties such as high-temperature stability & strength along with low-temperature flexibility & ductility offered by these products (DIC).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of volume owing to high demand from end-use industries such as machinery, automotive, aerospace and others. China is one of the largest producers and consumers of ferrous castings globally. It also has a large base for manufacturing different types of machinery & equipment, which will fuel growth over the coming years.
The European market was valued at USD X million in 2017 and is projected to grow at an estimated CAGR 5% from 2018 to 2030 due to increasing production levels across countries such as Germany, France, Italy etc.
North America emerged as second major consumer after Asia Pacific owing to rising product consumption levels particularly within U.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing popularity of ferrous castings in the Asia Pacific region
- Rising demand for lightweight and high-strength castings
- Technological advancements in casting processes and materials
- Growing awareness about the benefits of ferrous castings among end users
Scope Of The Report
Report Attributes
Report Details
Report Title
Ferrous Castings Market Research Report
By Type
Gray Iron Castings, Ductile Iron Castings, Malleable Iron Castings, Steel Castings
By Application
Machinery & Equipment, Motor Vehicles, Pipe & Fitting, Valves, Pumps & Compressors, Aerospace Equipment, Others
By Companies
ThyssenKrupp, Weichai, Doosan Heavy Industries & Construction, Xinxing Ductile Iron Pipes, Hitachi Metals, ZYNP, Amsted Industries Inc, Georg Fischer, AAM(Grede Holdings), Faw Foundry, CITIC Dicastal, Huaxiang Group, Meide Casting, Bharat Forge, Kubota, Esco Corporation, SinoJit, Mueller Industries Inc, Precision Castparts
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Ferrous Castings Market Report Segments:
The global Ferrous Castings market is segmented on the basis of:
Types
Gray Iron Castings, Ductile Iron Castings, Malleable Iron Castings, Steel Castings
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Machinery & Equipment, Motor Vehicles, Pipe & Fitting, Valves, Pumps & Compressors, Aerospace Equipment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ThyssenKrupp
- Weichai
- Doosan Heavy Industries & Construction
- Xinxing Ductile Iron Pipes
- Hitachi Metals
- ZYNP
- Amsted Industries Inc
- Georg Fischer
- AAM(Grede Holdings)
- Faw Foundry
- CITIC Dicastal
- Huaxiang Group
- Meide Casting
- Bharat Forge
- Kubota
- Esco Corporation
- SinoJit
- Mueller Industries Inc
- Precision Castparts
Highlights of The Ferrous Castings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gray Iron Castings
- Ductile Iron Castings
- Malleable Iron Castings
- Steel Castings
- By Application:
- Machinery & Equipment
- Motor Vehicles
- Pipe & Fitting
- Valves, Pumps & Compressors
- Aerospace Equipment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ferrous Castings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ferrous castings are a type of metal casting that uses iron to create objects. The process begins by melting down the desired piece of metal, and then pouring it into a mold. The molten metal is then poured into small cavities in the mold, where it cools and solidifies. This process creates objects that are made out of iron, which is why ferrous castings are often called "iron casts."
Some of the major companies in the ferrous castings market are ThyssenKrupp, Weichai, Doosan Heavy Industries & Construction, Xinxing Ductile Iron Pipes, Hitachi Metals, ZYNP, Amsted Industries Inc, Georg Fischer, AAM(Grede Holdings), Faw Foundry, CITIC Dicastal, Huaxiang Group, Meide Casting, Bharat Forge, Kubota, Esco Corporation, SinoJit, Mueller Industries Inc, Precision Castparts.
The ferrous castings market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ferrous Castings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ferrous Castings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ferrous Castings Market - Supply Chain
4.5. Global Ferrous Castings Market Forecast
4.5.1. Ferrous Castings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ferrous Castings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ferrous Castings Market Absolute $ Opportunity
5. Global Ferrous Castings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ferrous Castings Market Size and Volume Forecast by Type
5.3.1. Gray Iron Castings
5.3.2. Ductile Iron Castings
5.3.3. Malleable Iron Castings
5.3.4. Steel Castings
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ferrous Castings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ferrous Castings Market Size and Volume Forecast by Application
6.3.1. Machinery & Equipment
6.3.2. Motor Vehicles
6.3.3. Pipe & Fitting
6.3.4. Valves, Pumps & Compressors
6.3.5. Aerospace Equipment
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ferrous Castings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ferrous Castings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ferrous Castings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ferrous Castings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ferrous Castings Demand Share Forecast, 2019-2026
9. North America Ferrous Castings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ferrous Castings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ferrous Castings Market Size and Volume Forecast by Application
9.4.1. Machinery & Equipment
9.4.2. Motor Vehicles
9.4.3. Pipe & Fitting
9.4.4. Valves, Pumps & Compressors
9.4.5. Aerospace Equipment
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ferrous Castings Market Size and Volume Forecast by Type
9.7.1. Gray Iron Castings
9.7.2. Ductile Iron Castings
9.7.3. Malleable Iron Castings
9.7.4. Steel Castings
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ferrous Castings Demand Share Forecast, 2019-2026
10. Latin America Ferrous Castings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ferrous Castings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ferrous Castings Market Size and Volume Forecast by Application
10.4.1. Machinery & Equipment
10.4.2. Motor Vehicles
10.4.3. Pipe & Fitting
10.4.4. Valves, Pumps & Compressors
10.4.5. Aerospace Equipment
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ferrous Castings Market Size and Volume Forecast by Type
10.7.1. Gray Iron Castings
10.7.2. Ductile Iron Castings
10.7.3. Malleable Iron Castings
10.7.4. Steel Castings
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ferrous Castings Demand Share Forecast, 2019-2026
11. Europe Ferrous Castings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ferrous Castings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ferrous Castings Market Size and Volume Forecast by Application
11.4.1. Machinery & Equipment
11.4.2. Motor Vehicles
11.4.3. Pipe & Fitting
11.4.4. Valves, Pumps & Compressors
11.4.5. Aerospace Equipment
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ferrous Castings Market Size and Volume Forecast by Type
11.7.1. Gray Iron Castings
11.7.2. Ductile Iron Castings
11.7.3. Malleable Iron Castings
11.7.4. Steel Castings
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ferrous Castings Demand Share, 2019-2026
12. Asia Pacific Ferrous Castings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ferrous Castings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ferrous Castings Market Size and Volume Forecast by Application
12.4.1. Machinery & Equipment
12.4.2. Motor Vehicles
12.4.3. Pipe & Fitting
12.4.4. Valves, Pumps & Compressors
12.4.5. Aerospace Equipment
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ferrous Castings Market Size and Volume Forecast by Type
12.7.1. Gray Iron Castings
12.7.2. Ductile Iron Castings
12.7.3. Malleable Iron Castings
12.7.4. Steel Castings
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ferrous Castings Demand Share, 2019-2026
13. Middle East & Africa Ferrous Castings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ferrous Castings Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ferrous Castings Market Size and Volume Forecast by Application
13.4.1. Machinery & Equipment
13.4.2. Motor Vehicles
13.4.3. Pipe & Fitting
13.4.4. Valves, Pumps & Compressors
13.4.5. Aerospace Equipment
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ferrous Castings Market Size and Volume Forecast by Type
13.7.1. Gray Iron Castings
13.7.2. Ductile Iron Castings
13.7.3. Malleable Iron Castings
13.7.4. Steel Castings
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ferrous Castings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ferrous Castings Market: Market Share Analysis
14.2. Ferrous Castings Distributors and Customers
14.3. Ferrous Castings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ThyssenKrupp
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Weichai
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Doosan Heavy Industries & Construction
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Xinxing Ductile Iron Pipes
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hitachi Metals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ZYNP
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Amsted Industries Inc
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Georg Fischer
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. AAM(Grede Holdings)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Faw Foundry
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CITIC Dicastal
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Huaxiang Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Meide Casting
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Bharat Forge
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Kubota
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Esco Corporation
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. SinoJit
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Mueller Industries Inc
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Precision Castparts
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
