Iron Casting Market size worth around US$ 140.6 billion by 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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Iron Casting Market (By Product: Gray, Ductile, Malleable; By Application: Automotive, Machinery & Tools, Pipes &Fittings, Railways, Power Generation) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Report Coverage

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.

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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

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In this study, the years considered to estimate the market size of Iron Casting are as follows:

• History Year: 2017-2020

• Base Year: 2021

• Forecast Year 2021 to 2030

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

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

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