The Business Research Company

The Business Research Company's Iron and Steel Casting Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

LANDON, GREATER LANDON, UNITED KINGDOM, October 7, 2024 /EINPresswire.com/ -- The iron and steel casting market has experienced robust growth in recent years, expanding from $164.59 billion in 2023 to $176.2 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to advancements in metallurgy, urbanization and construction boom, development of energy sector, rapid industrialization, world wars and defense needs.

What Is The Estimated Market Size Of The Global Iron and Steel Casting Market And Its Annual Growth Rate?
The iron and steel casting market is projected to continue its strong growth, reaching $230.81 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to adherence to industry standards, material advancements, focus on precision and quality, global market expansion, infrastructure development projects.

Explore Comprehensive Insights Into The Global Iron and Steel Casting Market With A Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample_request?id=8844&type=smp

Growth Driver Of The Iron and Steel Casting Market
The growth in urbanization is expected to propel the growth of the iron and steel casting market going forward. Urbanization refers to the mass movement of populations from rural areas to urban areas. Iron and steel castings play a critical role in urbanization, providing the essential structural components and infrastructure that support the growth and development of cities. These versatile materials are utilized in a wide range of applications, from constructing buildings and bridges to manufacturing machinery and equipment.

Explore The Report Store To Make A Direct Purchase Of The Report:
https://www.thebusinessresearchcompany.com/report/iron-and-steel-casting-global-market-report

Which Market Players Are Driving The Iron and Steel Casting Market Growth?
Key players in the market include ArcelorMittal S.A., AMSTED Industries Incorporated, Tata Steel Ltd., Evraz plc, Hitachi Metals Ltd., Nucor Corporation, Kobe Steel Ltd., The ESCO Group, Calmet, Hyundai Steel Co. Ltd., Nelcast Limited, OSCO Industries Inc., Peekay Steel Castings Pvt. Ltd., Impro Industries USA Inc., MetalTek International, Tupy SA, Waupaca Foundry Inc., Neenah Foundry Company, Aarrowcast Inc., Dotson Iron Castings, Grede Holdings LLC, Metal Technologies Inc., Cifuns, Brantingham Manufacturing, Badger Foundry Company, Benton Foundry, Cast Technologies Inc., American Iron & Alloys Corporation, Modern Aluminum Castings Co. Inc., Liaoning Borui Machinery Co.

What Are The Emerging Trends Shaping The Iron and Steel Casting Market Size?
Major companies collaborate and get into partnerships to strengthen their position in the market. A business strategic partnership refers to a structured affiliation between two or more commercial enterprises, typically established via one or more business agreements or contracts.

How Is The Global Iron and Steel Casting Market Segmented?
1) By Type: Large Casting, Medium Casting, Small Casting
2) By Material Type: Gray Iron, Ductile Iron, Steel, Malleable Iron
3) By Application Type: Automotive and Transport, Pipes and Fittings, Pumps and Valves, Machinery and Equipment, Other Applications
4) By End-Use Type: Machine Tools, Mining, Transportation, Construction, Electrical, Steel Industry, Other end-users

Geographical Insights: Asia-Pacific Leading The Iron and Steel Casting Market
Asia-Pacific was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Iron and Steel Casting Market Definition
Iron and steel casting refers to the method of shaping molten metal in molds to create finished iron and steel goods. These are used to create a variety of intermediate goods that are used in a broad range of application sectors.

Iron and Steel Casting Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

An overview of the global iron and steel casting market report covering trends, opportunities, strategies, and more
The Iron and Steel Casting Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on iron and steel casting market size, iron and steel casting market drivers and trends and iron and steel casting market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:

Steel Fiber Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/steel-fiber-global-market-report

Steel Products Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/steel-products-global-market-report

Structural Steel Fabrication Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/structural-steel-fabrication-global-market-report

What Does The Business Research Company Do?
The Business Research Company publishes over 15,000 reports across 27 industries and 60+ geographies. Our research is powered by 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. We provide continuous and custom research services, offering a range of specialized packages tailored to your needs, including Market Entry Research Package, Competitor Tracking Package, Supplier & Distributor Package, and much more.

Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
X
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.