Iron Casting Market Size & Share Report, 2022-2030
The global Iron Casting market size is expected to be worth around US$ 140.6 billion by 2030, according to a new report by Vision Research Reports.
The global Iron Casting market size was valued at US$ 86.0 billion in 2020 and is anticipated to grow at a CAGR of 7.1% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | US$ 140.6 Bn by 2030 |
| Growth Rate | CAGR of 7.1% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Hitachi Metals, Ltd.; Brakes India Pvt. Ltd.; Dandong Foundry; GIS; OSCO Industries, Inc.; Chamberlin plc; Crescent Foundry; Xinxing Ductile Iron Pipes Co. Ltd.; Jinan Meide Casting Co. Ltd.; Tianjin New Wei San Industrial Co., Ltd. |
Growth Factors
The recent outbreak of COVID-19 has hada significant impact on the iron casting demand, which has hindered market growth. The decline in growth and production of the European automotive industry owing to the COVID-19 pandemic has affected the demand for iron casting and its raw materials. To recover from their losses, European countries have allocated stimulus packages to revive the economy and several industries, such as automotive. For instance, in September 2020, the France government announced around USD 118.3 billion to reduce the economic impact of the pandemic.
Asia Pacific was also majorly impacted due to the pandemic. However, the countries are reporting quick recovery, especially China. The rapid growth in the construction & infrastructural projects in the region is expected to spur the product demand for applications in pipes & fittings. In addition, the growth of the automotive industry from the second quarter of 2020 onwards is expected to boost the product demand.
By Product Analysis
Gray cast iron was the largest segment in 2020 and held a revenue share of more than 64%. The segment is likely to maintain its position during the forecast period. Gray cast iron is the most common type of casting and is widely used in industrial applications.
the ductile iron segment is estimated to register a CAGR of 5.0% over the forecast period on account of growing demand for pipes & fittings in the building & construction sector.
Some of the common applications of gray cast iron include manhole covers, cinder blocks, internal combustion engine cylinder blocks, housings, hydraulic and suspension parts, valves, electrical boxes, wind turbine castings, machinery bases, and tractor parts among others.
By Application Analysis
Automotive was the largest application segment in 2020 and accounted for are venue share of over 29.5%. Iron castings products account for around 8% of the share in the overall weight of the vehicle.
The railways segment is estimated to grow at the fastest CAGR over the forecast period. Government allocation for the transportation infrastructure sector in developing as well as developed economies is projected to remain a key contributing factor for the segment growth.
By Regional Analysis
Asia Pacific was the largest regional market in 2020 and accounted for a revenue share of over 60%. China is the leading producer and consumer of iron casting products across the globe. The region is mainly driven by a large volume of industrial production insectors, such as automotive, building & construction, railway, energy, and machinery.
Key Players
- Hitachi Metals, Ltd.
- Brakes India Private Ltd.
- Dandong Foundry
- GIS
- OSCO Industries, Inc.
- Chamberlin plc
- Crescent Foundry
- Xinxing Ductile Iron Pipes Co. Ltd.
- Jinan Meide Casting Co. Ltd.
- Tianjin New Wei San Industrial Co., Ltd.
Market Segmentation
- By Product
- Gray
- Ductile
- Malleable
- By Application
- Automotive
- Machinery & Tools
- Pipes &Fittings
- Railways
- Power Generation
- Others
- Regional
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- U.K.
- Russia
- Turkey
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Central & South America
- Brazil
- Argentina
- Middle East & Africa (MEA)
- South Africa
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Iron Casting Market, By Product
7.1. Iron Casting Market, by Product, 2021-2030
7.1.1. Gray
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Ductile
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Malleable
7.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Iron Casting Market, By Application
8.1. Iron Casting Market, by Application, 2021-2030
8.1.1. Automotive
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Machinery & Tools
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Pipes &Fittings
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Railways
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Power Generation
8.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Iron Casting Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.2. Market Revenue and Forecast, by Application (2017-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
Chapter 10. Company Profiles
10.1. Hitachi Metals, Ltd.
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Brakes India Private Ltd.
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Dandong Foundry
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. GIS
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. OSCO Industries, Inc.
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Chamberlin plc
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Crescent Foundry
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Xinxing Ductile Iron Pipes Co. Ltd.
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Jinan Meide Casting Co. Ltd.
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Tianjin New Wei San Industrial Co., Ltd.
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
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