Global Iron Castings Market 2024-2028

Global Iron Castings Market 2024-2028


The iron castings market is forecasted to grow by USD 50.34 bn during 2023-2028, accelerating at a CAGR of 5.98% during the forecast period. The report on the iron castings market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in the automobile segment, an increase in demand for iron castings from the housing and infrastructure segments, and the mechanization of agriculture.

Technavio's iron castings market is segmented as below:

By End-user
  • Automobile
  • Industrial machinery
  • Infrastructure and construction machines
  • Power
  • Pipe fittings and others
By Product
  • Gray iron
  • Duct iron
  • Malleable iron
By Geographical Landscape
  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa
This study identifies the modernization of the foundry industry as one of the prime reasons driving the iron castings market growth during the next few years. Also, the surge in consumption of cast iron products in the renewable energy segment and advances in casting technology will lead to sizable demand in the market.

The report on the iron castings market covers the following areas:
  • Iron castings market sizing
  • Iron castings market forecast
  • Iron castings market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading iron castings market vendors that include Benton Foundry Inc., BMF GROUP, chamberlin Plc, Dandong Fuding Engineering Machinery Co. Ltd., Decatur Foundry Inc., Deeco Metals, Hitachi Ltd., MAGMA Giessereitechnologie GmbH, Ningbo Metrics Automotive Components Co. Ltd., OSCO Industries Inc., Plymouth Foundry Inc., POSCO holdings Inc., Proterial Ltd., Qingdao Tian Hua Yi He Foundry Factory, Reliance Foundry Co. Ltd, Shibaura Machine CO. LTD., Sumitomo Electric Industries Ltd., Suzhou Keboer Machine Tool Group Co. Ltd., thyssenkrupp AG, and Willman Industries Inc. Also, the iron castings market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.

The publisher presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Chart on Market Overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Chart on Global Market Characteristics
      • Table Executive Summary - Chart on Market by Geography
      • Table Executive Summary - Chart on Market Segmentation by End-user
      • Table Executive Summary - Chart on Market Segmentation by Product
      • Table Executive Summary - Chart on Incremental Growth
      • Table Executive Summary - Data Table on Incremental Growth
      • Table Executive Summary - Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global iron castings market 2018 - 2022
      • Table Historic Market Size - Data Table on global iron castings market 2018 - 2022 ($ billion)
    • End-user Segment Analysis 2018 - 2022
      • Table Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
    • Product Segment Analysis 2018 - 2022
      • Table Historic Market Size - Product Segment 2018 - 2022 ($ billion)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size - Country Segment 2018 - 2022 ($ billion)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers - Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants - Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes - Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry - Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2023-2028 (%)
      • Table Data Table on End-user - Market share 2023-2028 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Automobile - Market size and forecast 2023-2028
      • Table Chart on Automobile - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Automobile - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Automobile - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Automobile - Year-over-year growth 2023-2028 (%)
    • Industrial machinery - Market size and forecast 2023- 2028
      • Table Chart on Industrial machinery - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Industrial machinery - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Industrial machinery - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Industrial machinery - Year-over-year growth 2023-2028 (%)
    • Infrastructure and construction machines - Market size and forecast 2023-2028
      • Table Chart on Infrastructure and construction machines - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Infrastructure and construction machines - Market size and forecast 2023- 2028 ($ billion)
      • Table Chart on Infrastructure and construction machines - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Infrastructure and construction machines - Year-over-year growth 2023- 2028 (%)
    • Power - Market size and forecast 2023-2028
      • Table Chart on Power - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Power - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Power - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Power - Year-over-year growth 2023-2028 (%)
    • Pipe fittings and others - Market size and forecast 2023- 2028
      • Table Chart on Pipe fittings and others - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Pipe fittings and others - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Pipe fittings and others - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Pipe fittings and others - Year-over-year growth 2023-2028 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ billion)
      • Table Data Table on Market opportunity by End-user ($ billion)
  • Market Segmentation by Product
    • Market segments
      • Table Chart on Product - Market share 2023-2028 (%)
      • Table Data Table on Product - Market share 2023-2028 (%)
    • Comparison by Product
      • Table Chart on Comparison by Product
      • Table Data Table on Comparison by Product
    • Gray iron - Market size and forecast 2023-2028
      • Table Chart on Gray iron - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Gray iron - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Gray iron - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Gray iron - Year-over-year growth 2023-2028 (%)
    • Duct iron - Market size and forecast 2023-2028
      • Table Chart on Duct iron - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Duct iron - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Duct iron - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Duct iron - Year-over-year growth 2023-2028 (%)
    • Malleable iron - Market size and forecast 2023-2028
      • Table Chart on Malleable iron - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Malleable iron - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Malleable iron - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Malleable iron - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product ($ billion)
      • Table Data Table on Market opportunity by Product ($ billion)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023- 2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • India - Market size and forecast 2023-2028
      • Table Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on India - Year-over-year growth 2023-2028 (%)
      • Table Data Table on India - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • Japan - Market size and forecast 2023-2028
      • Table Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
      • Table Data Tables on Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Growth in automobile segment
      • Increase in demand for iron castings from housing and infrastructure segments
      • Mechanization of agriculture
    • Market challenges
      • Increasing competition from aluminum casting
      • Concerns associated with energy consumption
      • Environmental concerns associated with iron casting
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Modernization of foundry industry
      • Surge in consumption of cast iron products in renewable energy segment
      • Advances in casting technology
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Benton Foundry Inc.
      • Table Benton Foundry Inc. - Overview
      • Table Benton Foundry Inc. - Product / Service
      • Table Benton Foundry Inc. - Key offerings
    • BMF GROUP
      • Table BMF GROUP - Overview
      • Table BMF GROUP - Product / Service
      • Table BMF GROUP - Key offerings
    • chamberlin Plc
      • Table chamberlin Plc - Overview
      • Table chamberlin Plc - Business segments
      • Table chamberlin Plc - Key offerings
      • Table chamberlin Plc - Segment focus
    • Dandong Fuding Engineering Machinery Co. Ltd.
      • Table Dandong Fuding Engineering Machinery Co. Ltd. - Overview
      • Table Dandong Fuding Engineering Machinery Co. Ltd. - Product / Service
      • Table Dandong Fuding Engineering Machinery Co. Ltd. - Key offerings
    • Decatur Foundry Inc.
      • Table Decatur Foundry Inc. - Overview
      • Table Decatur Foundry Inc. - Product / Service
      • Table Decatur Foundry Inc. - Key offerings
    • Deeco Metals
      • Table Deeco Metals - Overview
      • Table Deeco Metals - Product / Service
      • Table Deeco Metals - Key offerings
    • MAGMA Giessereitechnologie GmbH
      • Table MAGMA Giessereitechnologie GmbH - Overview
      • Table MAGMA Giessereitechnologie GmbH - Product / Service
      • Table MAGMA Giessereitechnologie GmbH - Key offerings
    • OSCO Industries Inc.
      • Table OSCO Industries Inc. - Overview
      • Table OSCO Industries Inc. - Product / Service
      • Table OSCO Industries Inc. - Key offerings
    • Plymouth Foundry Inc.
      • Table Plymouth Foundry Inc. - Overview
      • Table Plymouth Foundry Inc. - Product / Service
      • Table Plymouth Foundry Inc. - Key offerings
    • POSCO holdings Inc.
      • Table POSCO holdings Inc. - Overview
      • Table POSCO holdings Inc. - Product / Service
      • Table POSCO holdings Inc. - Key offerings
    • Qingdao Tian Hua Yi He Foundry Factory
      • Table Qingdao Tian Hua Yi He Foundry Factory - Overview
      • Table Qingdao Tian Hua Yi He Foundry Factory - Product / Service
      • Table Qingdao Tian Hua Yi He Foundry Factory - Key offerings
    • Reliance Foundry Co. Ltd
      • Table Reliance Foundry Co. Ltd - Overview
      • Table Reliance Foundry Co. Ltd - Product / Service
      • Table Reliance Foundry Co. Ltd - Key offerings
    • Shibaura Machine CO. LTD.
      • Table Shibaura Machine CO. LTD. - Overview
      • Table Shibaura Machine CO. LTD. - Product / Service
      • Table Shibaura Machine CO. LTD. - Key offerings
    • Sumitomo Electric Industries Ltd.
      • Table Sumitomo Electric Industries Ltd. - Overview
      • Table Sumitomo Electric Industries Ltd. - Business segments
      • Table Sumitomo Electric Industries Ltd. - Key news
      • Table Sumitomo Electric Industries Ltd. - Key offerings
      • Table Sumitomo Electric Industries Ltd. - Segment focus
    • thyssenkrupp AG
      • Table thyssenkrupp AG - Overview
      • Table thyssenkrupp AG - Business segments
      • Table thyssenkrupp AG - Key offerings
      • Table thyssenkrupp AG - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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