The Iron and Steel Casting Market is expected to register a CAGR of 4.8% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by material (iron [white cast iron, ductile cast iron, malleable cast iron, gray cast iron], and steel). The report is further segmented by process (sand casting and die casting). The report further presents an analysis based on the application (automotive, aerospace, marine, building and construction, oil and gas, industrial machinery, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Iron and Steel Casting Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Iron and Steel Casting Market Segmentation
Material- Iron
- Steel
- Sand Casting
- Die Casting
- Automotive
- Aerospace
- Marine
- Building and Construction
- Oil and Gas
- Industrial Machinery
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Iron and Steel Casting Market Growth Drivers- Rising Demand for High-Performance Cast Iron and Steel Components: The growth of the automobile and aerospace industries necessitates high-performance components, casting an increased demand on the use of cast iron and steel. Demand in that industry grew because such industries require more durable, higher strength materials for the production of engine blocks, chassis, and other critical parts.
- Urbanization and Infrastructure Development: The demand for the iron and steel castings is on the increase due to rapid urbanization and infrastructure development, especially in the emerging economies in Asia and Africa. Castings have significantly been used in construction machinery, transport systems, and in the building structure, thereby increasing the market size.
- Technological Advancements: Improvements in casting methods, such as 3D printing, precision casting, and automated processes improve the quality and efficiency in casting. Technological advantages allow manufacturers to make difficult and precise components that greatly increase the demand for castings in iron and steel in many industries.
- Increased Demand for Lightweight, High-Strength Castings: As industries, especially those in the automotive and aerospace markets, continue to strive for better fuel efficiency and performance, lightweight, high-strength castings are in greater demand. These castings are increasingly being used based on new materials and alloy compositions of aluminum and magnesium-based castings.
- Sustainability Practices: The iron and steel casting industry is turning the corner toward sustainability with practices such as scrap metal recycling and energy use optimization. Manufacturers are embracing environmentally friendly practices in an effort to decrease emissions, waste, and energy consumption in step with the global push toward much more sustainable industrial processes.
- Customization and Complexity in Casting Production: Advancements in casting technology and the requirement of most industries for specialized applications have led to production that tends toward customized and very complex castings. Intricate designs or property components for definite applications within the aerospace, automotive, and heavy machinery industries are now produced.
- Industrialization and Infrastructure Development: The growth in emerging economies in terms of industrialization and infrastructure development has increased the demand for cast iron and steel components. Increased investment in the manufacturing, transportation, and construction sectors in Asia-Pacific and Latin America offers great opportunities for expansion in the casting market.
- Growing Demand for Advanced Materials: The rising requirements for high-performance alloys and advanced materials open new manufacturing opportunities to produce special castings in demanding applications areas such as aerospace, energy, and automotive.
- Technological Advancements: New opportunities are opened when digital technologies like AI, IoT, and Industry 4.0 come into the casting process, allowing it to potentially improve efficiency, quality, and traceability. Smart casting techniques could actually optimize production, reduce waste, and increase customer satisfaction and put a competitive edge in the hands of manufacturers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Iron and Steel Casting Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Iron and Steel Casting Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Shift toward lightweight and high-strength castings is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the iron and steel casting market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Proterial Ltd, KOBE STEEL LTD, ArcelorMittal SA, Tata Steel Ltd, CIREX BV, Lucchini RS Group, Nucor Corp, Willman Industries Inc, and Ferroloy Inc
The major factors driving the iron and steel casting market are:
1. Growing Demand in Automotive and Aerospace Industries
2. Technological Advancements in Casting Processes
The Iron and Steel Casting Market is estimated to witness a CAGR of 4.8% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Iron And Steel Casting Market - By Material
1.3.2 Iron And Steel Casting Market - By Application
1.3.3 Iron And Steel Casting Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. IRON AND STEEL CASTING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. IRON AND STEEL CASTING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. IRON AND STEEL CASTING MARKET - GLOBAL MARKET ANALYSIS
6.1. IRON AND STEEL CASTING - GLOBAL MARKET OVERVIEW
6.2. IRON AND STEEL CASTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. IRON AND STEEL CASTING MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. GRAY IRON
7.3.1. Overview
7.3.2. Gray Iron Market Forecast and Analysis
7.4. DUCTILE IRON
7.4.1. Overview
7.4.2. Ductile Iron Market Forecast and Analysis
7.5. STEEL
7.5.1. Overview
7.5.2. Steel Market Forecast and Analysis
7.6. MALLEABLE IRON
7.6.1. Overview
7.6.2. Malleable Iron Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. IRON AND STEEL CASTING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE AND TRANSPORT
8.3.1. Overview
8.3.2. Automotive and Transport Market Forecast and Analysis
8.4. PIPES AND FITTINGS
8.4.1. Overview
8.4.2. Pipes and Fittings Market Forecast and Analysis
8.5. PUMPS AND VALVES
8.5.1. Overview
8.5.2. Pumps and Valves Market Forecast and Analysis
8.6. MACHINERY AND EQUIPMENT
8.6.1. Overview
8.6.2. Machinery and Equipment Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. IRON AND STEEL CASTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Iron And Steel Casting Market Overview
9.1.2 North America Iron And Steel Casting Market Forecasts and Analysis
9.1.3 North America Iron And Steel Casting Market Forecasts and Analysis - By Material
9.1.4 North America Iron And Steel Casting Market Forecasts and Analysis - By Application
9.1.5 North America Iron And Steel Casting Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Iron And Steel Casting Market
9.1.5.1.1 Canada Iron And Steel Casting Market by Material
9.1.5.1.2 Canada Iron And Steel Casting Market by Application
9.1.5.2 Mexico Iron And Steel Casting Market
9.1.5.2.1 Mexico Iron And Steel Casting Market by Material
9.1.5.2.2 Mexico Iron And Steel Casting Market by Application
9.1.5.3 US Iron And Steel Casting Market
9.1.5.3.1 US Iron And Steel Casting Market by Material
9.1.5.3.2 US Iron And Steel Casting Market by Application
9.2. EUROPE
9.2.1 Europe Iron And Steel Casting Market Overview
9.2.2 Europe Iron And Steel Casting Market Forecasts and Analysis
9.2.3 Europe Iron And Steel Casting Market Forecasts and Analysis - By Material
9.2.4 Europe Iron And Steel Casting Market Forecasts and Analysis - By Application
9.2.5 Europe Iron And Steel Casting Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Iron And Steel Casting Market
9.2.5.1.1 Germany Iron And Steel Casting Market by Material
9.2.5.1.2 Germany Iron And Steel Casting Market by Application
9.2.5.2 France Iron And Steel Casting Market
9.2.5.2.1 France Iron And Steel Casting Market by Material
9.2.5.2.2 France Iron And Steel Casting Market by Application
9.2.5.3 Italy Iron And Steel Casting Market
9.2.5.3.1 Italy Iron And Steel Casting Market by Material
9.2.5.3.2 Italy Iron And Steel Casting Market by Application
9.2.5.4 United Kingdom Iron And Steel Casting Market
9.2.5.4.1 United Kingdom Iron And Steel Casting Market by Material
9.2.5.4.2 United Kingdom Iron And Steel Casting Market by Application
9.2.5.5 Russia Iron And Steel Casting Market
9.2.5.5.1 Russia Iron And Steel Casting Market by Material
9.2.5.5.2 Russia Iron And Steel Casting Market by Application
9.2.5.6 Rest of Europe Iron And Steel Casting Market
9.2.5.6.1 Rest of Europe Iron And Steel Casting Market by Material
9.2.5.6.2 Rest of Europe Iron And Steel Casting Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Iron And Steel Casting Market Overview
9.3.2 Asia-Pacific Iron And Steel Casting Market Forecasts and Analysis
9.3.3 Asia-Pacific Iron And Steel Casting Market Forecasts and Analysis - By Material
9.3.4 Asia-Pacific Iron And Steel Casting Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Iron And Steel Casting Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Iron And Steel Casting Market
9.3.5.1.1 Australia Iron And Steel Casting Market by Material
9.3.5.1.2 Australia Iron And Steel Casting Market by Application
9.3.5.2 China Iron And Steel Casting Market
9.3.5.2.1 China Iron And Steel Casting Market by Material
9.3.5.2.2 China Iron And Steel Casting Market by Application
9.3.5.3 India Iron And Steel Casting Market
9.3.5.3.1 India Iron And Steel Casting Market by Material
9.3.5.3.2 India Iron And Steel Casting Market by Application
9.3.5.4 Japan Iron And Steel Casting Market
9.3.5.4.1 Japan Iron And Steel Casting Market by Material
9.3.5.4.2 Japan Iron And Steel Casting Market by Application
9.3.5.5 South Korea Iron And Steel Casting Market
9.3.5.5.1 South Korea Iron And Steel Casting Market by Material
9.3.5.5.2 South Korea Iron And Steel Casting Market by Application
9.3.5.6 Rest of Asia-Pacific Iron And Steel Casting Market
9.3.5.6.1 Rest of Asia-Pacific Iron And Steel Casting Market by Material
9.3.5.6.2 Rest of Asia-Pacific Iron And Steel Casting Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Iron And Steel Casting Market Overview
9.4.2 Middle East and Africa Iron And Steel Casting Market Forecasts and Analysis
9.4.3 Middle East and Africa Iron And Steel Casting Market Forecasts and Analysis - By Material
9.4.4 Middle East and Africa Iron And Steel Casting Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Iron And Steel Casting Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Iron And Steel Casting Market
9.4.5.1.1 South Africa Iron And Steel Casting Market by Material
9.4.5.1.2 South Africa Iron And Steel Casting Market by Application
9.4.5.2 Saudi Arabia Iron And Steel Casting Market
9.4.5.2.1 Saudi Arabia Iron And Steel Casting Market by Material
9.4.5.2.2 Saudi Arabia Iron And Steel Casting Market by Application
9.4.5.3 U.A.E Iron And Steel Casting Market
9.4.5.3.1 U.A.E Iron And Steel Casting Market by Material
9.4.5.3.2 U.A.E Iron And Steel Casting Market by Application
9.4.5.4 Rest of Middle East and Africa Iron And Steel Casting Market
9.4.5.4.1 Rest of Middle East and Africa Iron And Steel Casting Market by Material
9.4.5.4.2 Rest of Middle East and Africa Iron And Steel Casting Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Iron And Steel Casting Market Overview
9.5.2 South and Central America Iron And Steel Casting Market Forecasts and Analysis
9.5.3 South and Central America Iron And Steel Casting Market Forecasts and Analysis - By Material
9.5.4 South and Central America Iron And Steel Casting Market Forecasts and Analysis - By Application
9.5.5 South and Central America Iron And Steel Casting Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Iron And Steel Casting Market
9.5.5.1.1 Brazil Iron And Steel Casting Market by Material
9.5.5.1.2 Brazil Iron And Steel Casting Market by Application
9.5.5.2 Argentina Iron And Steel Casting Market
9.5.5.2.1 Argentina Iron And Steel Casting Market by Material
9.5.5.2.2 Argentina Iron And Steel Casting Market by Application
9.5.5.3 Rest of South and Central America Iron And Steel Casting Market
9.5.5.3.1 Rest of South and Central America Iron And Steel Casting Market by Material
9.5.5.3.2 Rest of South and Central America Iron And Steel Casting Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. IRON AND STEEL CASTING MARKET, KEY COMPANY PROFILES
11.1. AMSTED RAIL COMPANY INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CALMET, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ESCO CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. EVRAZ PLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HITACHI METALS, LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KOBE STEEL, LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NELCAST LIMITED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NUCOR CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. OSCO INDUSTRIES, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TATA STEEL LIMITED
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Amsted Rail Company Inc.
2.Calmet, Inc.
3.ESCO Corporation
4.Evraz plc
5.Hitachi Metals, Ltd.
6.Kobe Steel, Ltd.
7.Nelcast Limited
8.Nucor Corporation
9.OSCO Industries, Inc.
10.Tata Steel Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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