The global iron and steel casting market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 4.2 billion by 2030. The growth of the market is attributed to the increasing demand for castings in various industries such as machine tools, mining, transportation, construction, electrical and steel industry. The increasing demand for castings in these industries is due to their high strength-to-weight ratio and corrosion resistance properties which make them suitable for use in various applications such as automotive components and engine blocks.
The global iron casting market size was valued at USD 1.6 billion in 2018 and is projected to reach USD 2 billion by 2030 with a CAGR of 3%. Iron castings are used extensively across various industries such as machine tools, mining, transportation, construction, electrical and steel industry owing to their high strength-to-weight ratio and corrosion resistance properties which make them suitable for use in various applications such as automotive components and engine blocks.
The global steel casting market size was valued at USD 1.4 billion in 2018 with a CAGR of 3% during the forecast period from 2022 - 2030 due to its high strength-to weight ratio that makes it suitable for use across different industrial sectors including machine tools (elements), mining (drilling bits), transportation (brake discs), construction (pipes) electricals (transformers) among others.
- Increasing demand for Iron & Steel Casting in emerging economies such as China and India is one of the major factors driving the growth of this market.
- The increasing demand for Iron & Steel Casting in various industries such as automotive, construction, and machinery is also driving the growth of this market.
- Increasing investments by governments in infrastructure development projects are also fuelling the growth of this market.
- The high cost associated with manufacturing processes such as casting and forging are restraining the growth of this market.
Industry Growth Insights published a new data on “Iron & Steel Casting Market”. The research report is titled “Iron & Steel Casting Market research by Types (Iron Casting, Steel Casting), By Applications (Machine Tools, Mining, Transportation, Construction, Electrical, Steel Industry, Others), By Players/Companies ArcelorMittal SA, Steel Authority of India Limited (SAIL), Tata Group, ThyssenKrupp AG, The Voestalpine Group, Hebei Iron and Steel Group Co, SSAB AB, POSCO, Shanghai Baosteel Group Corporation, Peekay Steel, Pacific Steel Casting Company LLC, Hitachi Metals, ESCO, Calmet, Kobe Steel”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Iron & Steel Casting Market Research Report
By Type
Iron Casting, Steel Casting
By Application
Machine Tools, Mining, Transportation, Construction, Electrical, Steel Industry, Others
By Companies
ArcelorMittal SA, Steel Authority of India Limited (SAIL), Tata Group, ThyssenKrupp AG, The Voestalpine Group, Hebei Iron and Steel Group Co, SSAB AB, POSCO, Shanghai Baosteel Group Corporation, Peekay Steel, Pacific Steel Casting Company LLC, Hitachi Metals, ESCO, Calmet, Kobe Steel
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Iron & Steel Casting Market Report Segments:
The global Iron & Steel Casting market is segmented on the basis of:
Types
Iron Casting, Steel Casting
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
Machine Tools, Mining, Transportation, Construction, Electrical, Steel Industry, 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:
- ArcelorMittal SA
- Steel Authority of India Limited (SAIL)
- Tata Group
- ThyssenKrupp AG
- The Voestalpine Group
- Hebei Iron and Steel Group Co
- SSAB AB
- POSCO
- Shanghai Baosteel Group Corporation
- Peekay Steel
- Pacific Steel Casting Company LLC
- Hitachi Metals
- ESCO
- Calmet
- Kobe Steel
Highlights of The Iron & Steel Casting 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:
- Iron Casting
- Steel Casting
- By Application:
- Machine Tools
- Mining
- Transportation
- Construction
- Electrical
- Steel Industry
- 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 Iron & Steel Casting 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.
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- Correctly Positioning New Products
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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?
Iron and steel casting is the process of producing a metal object by pouring liquid iron or steel into a mold, and then removing the finished product.
Some of the major companies in the iron & steel casting market are ArcelorMittal SA, Steel Authority of India Limited (SAIL), Tata Group, ThyssenKrupp AG, The Voestalpine Group, Hebei Iron and Steel Group Co, SSAB AB, POSCO, Shanghai Baosteel Group Corporation, Peekay Steel, Pacific Steel Casting Company LLC, Hitachi Metals, ESCO, Calmet, Kobe Steel.
The iron & steel casting market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Iron & Steel Casting 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. Iron & Steel Casting Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Iron & Steel Casting Market - Supply Chain
4.5. Global Iron & Steel Casting Market Forecast
4.5.1. Iron & Steel Casting Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Iron & Steel Casting Market Size (000 Units) and Y-o-Y Growth
4.5.3. Iron & Steel Casting Market Absolute $ Opportunity
5. Global Iron & Steel Casting 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. Iron & Steel Casting Market Size and Volume Forecast by Type
5.3.1. Iron Casting
5.3.2. Steel Casting
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Iron & Steel Casting 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. Iron & Steel Casting Market Size and Volume Forecast by Application
6.3.1. Machine Tools
6.3.2. Mining
6.3.3. Transportation
6.3.4. Construction
6.3.5. Electrical
6.3.6. Steel Industry
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Iron & Steel Casting 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. Iron & Steel Casting 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 Iron & Steel Casting 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. Iron & Steel Casting 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 Iron & Steel Casting Demand Share Forecast, 2019-2026
9. North America Iron & Steel Casting 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 Iron & Steel Casting 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 Iron & Steel Casting Market Size and Volume Forecast by Application
9.4.1. Machine Tools
9.4.2. Mining
9.4.3. Transportation
9.4.4. Construction
9.4.5. Electrical
9.4.6. Steel Industry
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Iron & Steel Casting Market Size and Volume Forecast by Type
9.7.1. Iron Casting
9.7.2. Steel Casting
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 Iron & Steel Casting Demand Share Forecast, 2019-2026
10. Latin America Iron & Steel Casting 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 Iron & Steel Casting 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 Iron & Steel Casting Market Size and Volume Forecast by Application
10.4.1. Machine Tools
10.4.2. Mining
10.4.3. Transportation
10.4.4. Construction
10.4.5. Electrical
10.4.6. Steel Industry
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Iron & Steel Casting Market Size and Volume Forecast by Type
10.7.1. Iron Casting
10.7.2. Steel Casting
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 Iron & Steel Casting Demand Share Forecast, 2019-2026
11. Europe Iron & Steel Casting 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 Iron & Steel Casting 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 Iron & Steel Casting Market Size and Volume Forecast by Application
11.4.1. Machine Tools
11.4.2. Mining
11.4.3. Transportation
11.4.4. Construction
11.4.5. Electrical
11.4.6. Steel Industry
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Iron & Steel Casting Market Size and Volume Forecast by Type
11.7.1. Iron Casting
11.7.2. Steel Casting
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 Iron & Steel Casting Demand Share, 2019-2026
12. Asia Pacific Iron & Steel Casting 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 Iron & Steel Casting 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 Iron & Steel Casting Market Size and Volume Forecast by Application
12.4.1. Machine Tools
12.4.2. Mining
12.4.3. Transportation
12.4.4. Construction
12.4.5. Electrical
12.4.6. Steel Industry
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Iron & Steel Casting Market Size and Volume Forecast by Type
12.7.1. Iron Casting
12.7.2. Steel Casting
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 Iron & Steel Casting Demand Share, 2019-2026
13. Middle East & Africa Iron & Steel Casting 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 Iron & Steel Casting 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 Iron & Steel Casting Market Size and Volume Forecast by Application
13.4.1. Machine Tools
13.4.2. Mining
13.4.3. Transportation
13.4.4. Construction
13.4.5. Electrical
13.4.6. Steel Industry
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Iron & Steel Casting Market Size and Volume Forecast by Type
13.7.1. Iron Casting
13.7.2. Steel Casting
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 Iron & Steel Casting Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Iron & Steel Casting Market: Market Share Analysis
14.2. Iron & Steel Casting Distributors and Customers
14.3. Iron & Steel Casting Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ArcelorMittal SA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Steel Authority of India Limited (SAIL)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Tata Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ThyssenKrupp AG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. The Voestalpine Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hebei Iron and Steel Group Co
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SSAB AB
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. POSCO
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shanghai Baosteel Group Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Peekay Steel
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Pacific Steel Casting Company LLC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hitachi Metals
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. ESCO
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Calmet
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Kobe Steel
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
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
