Global Ferrous Castings Market Growth 2023-2029

Global Ferrous Castings Market Growth 2023-2029

Product Code:450276

Published Date: Feb 08,2023

Pages: 110

Region: Global

Category: Chemical & Material

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Casting is a process in which a liquid metal is somehow delivered into a mold that contains a hollow cavity of the intended shape. The metal and mold are then cooled, and the metal part (the casting) is extracted. Casting is most often used for making complex shapes that would be difficult or uneconomical to make by other methods. Ferrous Metals mostly contain Iron. They have small amounts of other metals or elements added, to give the required properties. Ferrous Metals are magnetic and give little resistance to corrosion.

LPI (LP Information)' newest research report, the “Ferrous Castings Industry Forecast” looks at past sales and reviews total world Ferrous Castings sales in 2022, providing a comprehensive analysis by region and market sector of projected Ferrous Castings sales for 2023 through 2029. With Ferrous Castings sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ferrous Castings industry.

This Insight Report provides a comprehensive analysis of the global Ferrous Castings landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ferrous Castings portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Ferrous Castings market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ferrous Castings and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ferrous Castings.

The global Ferrous Castings market size is projected to grow from US$ 340330 million in 2022 to US$ 512300 million in 2029; it is expected to grow at a CAGR of 512300 from 2023 to 2029.

Global Ferrous Castings key players include ThyssenKrupp, Doosan Heavy Industries & Construction, Weichai, Hitachi Metals, Xinxing Ductile Iron Pipes, etc. Global top five manufacturers hold a share nearly 15%.

China is the largest market, with a share over 40%, followed by India and Europe, both have a share about 25 percent. 
In terms of product, Gray Iron Castings is the largest segment, with a share over 55%. And in terms of application, the largest application is Machinery and Equipment, followed by Motor Vehicles, Pipe and Fitting, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Ferrous Castings market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Gray Iron Castings
    Ductile Iron Castings
    Malleable Iron Castings
    Steel Castings

Segmentation by application
    Machinery and Equipment
    Motor Vehicles
    Pipe and Fitting
    Valves, Pumps and Compressors
    Aerospace Equipment
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    ThyssenKrupp
    Weichai
    Doosan Heavy Industries & Construction
    Xinxing Ductile Iron Pipes
    Hitachi Metals
    ZYNP
    Amsted Industries Inc
    Georg Fischer
    AAM(Grede Holdings)
    Faw Foundry
    CITIC Dicastal
    Huaxiang Group
    Meide Casting
    Bharat Forge
    Kubota
    Esco Corporation
    SinoJit
    Mueller Industries Inc
    Precision Castparts

Key Questions Addressed in this Report
What is the 10-year outlook for the global Ferrous Castings market?
What factors are driving Ferrous Castings market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Ferrous Castings market opportunities vary by end market size?
How does Ferrous Castings break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?