US Industrial Casting Market 2023-2027

Industrial Casting Market in US 2023-2027

Technavio has been monitoring the industrial casting market in US and is forecast to grow by USD 4,914.44 mn during 2022-2027, accelerating at a CAGR of 5.31% during the forecast period. Our report on the industrial casting 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 growing demand from automotive industry, increased use of simulation-based castings, and increased demand for iron casting from renewable energy sector.

Technavio's industrial casting market is segmented as below:

By Type

  • Non ferrous
  • Ferrous
By End-user
  • Machinery
  • Automotive
  • Electrical and electronics
  • Construction and others
This study identifies the shift from ferrous to non-ferrous castings as one of the prime reasons driving the industrial casting market growth during the next few years. Also, increasing use of lightweight materials, especially aluminum, in various end-user industries and rise in technological advancements will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the industrial casting market covers the following areas:
  • Industrial casting market sizing
  • Industrial casting market forecast
  • Industrial casting market industry analysis
Technavio's 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 industrial casting market vendors that include Alcoa Corp., Aludyne Inc., Andritz AG, Charlotte Pipe and Foundry Co., D.W. Clark, EJ Group Inc., Georg Fischer AG, Great Lakes Castings LLC, Grupo Industrial Saltillo SAB de CV, Impro Precision Industries Ltd., KSB SE and Co. KGaA, Meridian Lightweight Technologies Inc., MetalTek International, Neenah Enterprises Inc., OSCO Industries Inc., Pace Industries, Precision Castparts Corp., Sivyer Steel Castings LLC, Sujan Industries, and The Weir Group Plc. Also, the industrial casting 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 in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of 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. Technavio's 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.


1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Type
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 12: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Industrial casting market in US 2017 - 2021
Exhibit 15: Historic Market Size - Data Table on Industrial casting market in US 2017 - 2021 ($ million)
4.2 Type Segment Analysis 2017 - 2021
Exhibit 16: Historic Market Size - Type Segment 2017 - 2021 ($ million)
4.3 End-user Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size - End-user Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
6.1 Market segments
Exhibit 25: Chart on Type - Market share 2022-2027 (%)
Exhibit 26: Data Table on Type - Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 27: Chart on Comparison by Type
Exhibit 28: Data Table on Comparison by Type
6.3 Non ferrous - Market size and forecast 2022-2027
Exhibit 29: Chart on Non ferrous - Market size and forecast 2022-2027 ($ million)
Exhibit 30: Data Table on Non ferrous - Market size and forecast 2022-2027 ($ million)
Exhibit 31: Chart on Non ferrous - Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on Non ferrous - Year-over-year growth 2022-2027 (%)
6.4 Ferrous - Market size and forecast 2022-2027
Exhibit 33: Chart on Ferrous - Market size and forecast 2022-2027 ($ million)
Exhibit 34: Data Table on Ferrous - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Chart on Ferrous - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Ferrous - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Type
Exhibit 37: Market opportunity by Type ($ million)
Exhibit 38: Data Table on Market opportunity by Type ($ million)
7 Market Segmentation by End-user
7.1 Market segments
Exhibit 39: Chart on End-user - Market share 2022-2027 (%)
Exhibit 40: Data Table on End-user - Market share 2022-2027 (%)
7.2 Comparison by End-user
Exhibit 41: Chart on Comparison by End-user
Exhibit 42: Data Table on Comparison by End-user
7.3 Machinery - Market size and forecast 2022-2027
Exhibit 43: Chart on Machinery - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Data Table on Machinery - Market size and forecast 2022-2027 ($ million)
Exhibit 45: Chart on Machinery - Year-over-year growth 2022-2027 (%)
Exhibit 46: Data Table on Machinery - Year-over-year growth 2022-2027 (%)
7.4 Automotive - Market size and forecast 2022-2027
Exhibit 47: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Automotive - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
7.5 Electrical and electronics - Market size and forecast 2022-2027
Exhibit 51: Chart on Electrical and electronics - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Electrical and electronics - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Electrical and electronics - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Electrical and electronics - Year-over-year growth 2022-2027 (%)
7.6 Construction and others - Market size and forecast 2022-2027
Exhibit 55: Chart on Construction and others - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Construction and others - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Construction and others - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Construction and others - Year-over-year growth 2022-2027 (%)
7.7 Market opportunity by End-user
Exhibit 59: Market opportunity by End-user ($ million)
Exhibit 60: Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 61: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 62: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 63: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 64: Overview on factors of disruption
10.4 Industry risks
Exhibit 65: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 66: Vendors covered
11.2 Market positioning of vendors
Exhibit 67: Matrix on vendor position and classification
11.3 Alcoa Corp.
Exhibit 68: Alcoa Corp. - Overview
Exhibit 69: Alcoa Corp. - Business segments
Exhibit 70: Alcoa Corp. - Key offerings
Exhibit 71: Alcoa Corp. - Segment focus
11.4 Charlotte Pipe and Foundry Co.
Exhibit 72: Charlotte Pipe and Foundry Co. - Overview
Exhibit 73: Charlotte Pipe and Foundry Co. - Product / Service
Exhibit 74: Charlotte Pipe and Foundry Co. - Key offerings
11.5 D.W. Clark
Exhibit 75: D.W. Clark - Overview
Exhibit 76: D.W. Clark - Product / Service
Exhibit 77: D.W. Clark - Key offerings
11.6 EJ Group Inc.
Exhibit 78: EJ Group Inc. - Overview
Exhibit 79: EJ Group Inc. - Product / Service
Exhibit 80: EJ Group Inc. - Key offerings
11.7 Georg Fischer AG
Exhibit 81: Georg Fischer AG - Overview
Exhibit 82: Georg Fischer AG - Business segments
Exhibit 83: Georg Fischer AG - Key offerings
Exhibit 84: Georg Fischer AG - Segment focus
11.8 Great Lakes Castings LLC
Exhibit 85: Great Lakes Castings LLC - Overview
Exhibit 86: Great Lakes Castings LLC - Product / Service
Exhibit 87: Great Lakes Castings LLC - Key offerings
11.9 Grupo Industrial Saltillo SAB de CV
Exhibit 88: Grupo Industrial Saltillo SAB de CV - Overview
Exhibit 89: Grupo Industrial Saltillo SAB de CV - Business segments
Exhibit 90: Grupo Industrial Saltillo SAB de CV - Key offerings
Exhibit 91: Grupo Industrial Saltillo SAB de CV - Segment focus
11.10 Impro Precision Industries Ltd.
Exhibit 92: Impro Precision Industries Ltd. - Overview
Exhibit 93: Impro Precision Industries Ltd. - Business segments
Exhibit 94: Impro Precision Industries Ltd. - Key offerings
Exhibit 95: Impro Precision Industries Ltd. - Segment focus
11.11 KSB SE and Co. KGaA
Exhibit 96: KSB SE and Co. KGaA - Overview
Exhibit 97: KSB SE and Co. KGaA - Business segments
Exhibit 98: KSB SE and Co. KGaA - Key offerings
Exhibit 99: KSB SE and Co. KGaA - Segment focus
11.12 Meridian Lightweight Technologies Inc.
Exhibit 100: Meridian Lightweight Technologies Inc. - Overview
Exhibit 101: Meridian Lightweight Technologies Inc. - Product / Service
Exhibit 102: Meridian Lightweight Technologies Inc. - Key offerings
11.13 MetalTek International
Exhibit 103: MetalTek International - Overview
Exhibit 104: MetalTek International - Product / Service
Exhibit 105: MetalTek International - Key offerings
11.14 Neenah Enterprises Inc.
Exhibit 106: Neenah Enterprises Inc. - Overview
Exhibit 107: Neenah Enterprises Inc. - Product / Service
Exhibit 108: Neenah Enterprises Inc. - Key offerings
11.15 OSCO Industries Inc.
Exhibit 109: OSCO Industries Inc. - Overview
Exhibit 110: OSCO Industries Inc. - Product / Service
Exhibit 111: OSCO Industries Inc. - Key offerings
11.16 Pace Industries
Exhibit 112: Pace Industries - Overview
Exhibit 113: Pace Industries - Product / Service
Exhibit 114: Pace Industries - Key offerings
11.17 The Weir Group Plc
Exhibit 115: The Weir Group Plc - Overview
Exhibit 116: The Weir Group Plc - Business segments
Exhibit 117: The Weir Group Plc - Key news
Exhibit 118: The Weir Group Plc - Key offerings
Exhibit 119: The Weir Group Plc - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 120: Inclusions checklist
Exhibit 121: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 122: Currency conversion rates for US$
12.4 Research methodology
Exhibit 123: Research methodology
Exhibit 124: Validation techniques employed for market sizing
Exhibit 125: Information sources
12.5 List of abbreviations
Exhibit 126: List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Type
Exhibits5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits6: Executive Summary - Chart on Vendor Market Positioning
Exhibits7: Parent market
Exhibits8: Market Characteristics
Exhibits9: Offerings of vendors included in the market definition
Exhibits10: Market segments
Exhibits11: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibits12: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibits13: Chart on US: Year-over-year growth 2022-2027 (%)
Exhibits14: Data Table on US: Year-over-year growth 2022-2027 (%)
Exhibits15: Historic Market Size - Data Table on Industrial casting market in US 2017 - 2021 ($ million)
Exhibits16: Historic Market Size - Type Segment 2017 - 2021 ($ million)
Exhibits17: Historic Market Size - End-user Segment 2017 - 2021 ($ million)
Exhibits18: Five forces analysis - Comparison between 2022 and 2027
Exhibits19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
Exhibits20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
Exhibits21: Threat of new entrants - Impact of key factors in 2022 and 2027
Exhibits22: Threat of substitutes - Impact of key factors in 2022 and 2027
Exhibits23: Threat of rivalry - Impact of key factors in 2022 and 2027
Exhibits24: Chart on Market condition - Five forces 2022 and 2027
Exhibits25: Chart on Type - Market share 2022-2027 (%)
Exhibits26: Data Table on Type - Market share 2022-2027 (%)
Exhibits27: Chart on Comparison by Type
Exhibits28: Data Table on Comparison by Type
Exhibits29: Chart on Non ferrous - Market size and forecast 2022-2027 ($ million)
Exhibits30: Data Table on Non ferrous - Market size and forecast 2022-2027 ($ million)
Exhibits31: Chart on Non ferrous - Year-over-year growth 2022-2027 (%)
Exhibits32: Data Table on Non ferrous - Year-over-year growth 2022-2027 (%)
Exhibits33: Chart on Ferrous - Market size and forecast 2022-2027 ($ million)
Exhibits34: Data Table on Ferrous - Market size and forecast 2022-2027 ($ million)
Exhibits35: Chart on Ferrous - Year-over-year growth 2022-2027 (%)
Exhibits36: Data Table on Ferrous - Year-over-year growth 2022-2027 (%)
Exhibits37: Market opportunity by Type ($ million)
Exhibits38: Data Table on Market opportunity by Type ($ million)
Exhibits39: Chart on End-user - Market share 2022-2027 (%)
Exhibits40: Data Table on End-user - Market share 2022-2027 (%)
Exhibits41: Chart on Comparison by End-user
Exhibits42: Data Table on Comparison by End-user
Exhibits43: Chart on Machinery - Market size and forecast 2022-2027 ($ million)
Exhibits44: Data Table on Machinery - Market size and forecast 2022-2027 ($ million)
Exhibits45: Chart on Machinery - Year-over-year growth 2022-2027 (%)
Exhibits46: Data Table on Machinery - Year-over-year growth 2022-2027 (%)
Exhibits47: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
Exhibits48: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
Exhibits49: Chart on Automotive - Year-over-year growth 2022-2027 (%)
Exhibits50: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
Exhibits51: Chart on Electrical and electronics - Market size and forecast 2022-2027 ($ million)
Exhibits52: Data Table on Electrical and electronics - Market size and forecast 2022-2027 ($ million)
Exhibits53: Chart on Electrical and electronics - Year-over-year growth 2022-2027 (%)
Exhibits54: Data Table on Electrical and electronics - Year-over-year growth 2022-2027 (%)
Exhibits55: Chart on Construction and others - Market size and forecast 2022-2027 ($ million)
Exhibits56: Data Table on Construction and others - Market size and forecast 2022-2027 ($ million)
Exhibits57: Chart on Construction and others - Year-over-year growth 2022-2027 (%)
Exhibits58: Data Table on Construction and others - Year-over-year growth 2022-2027 (%)
Exhibits59: Market opportunity by End-user ($ million)
Exhibits60: Data Table on Market opportunity by End-user ($ million)
Exhibits61: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits62: Impact of drivers and challenges in 2022 and 2027
Exhibits63: Overview on Criticality of inputs and Factors of differentiation
Exhibits64: Overview on factors of disruption
Exhibits65: Impact of key risks on business
Exhibits66: Vendors covered
Exhibits67: Matrix on vendor position and classification
Exhibits68: Alcoa Corp. - Overview
Exhibits69: Alcoa Corp. - Business segments
Exhibits70: Alcoa Corp. - Key offerings
Exhibits71: Alcoa Corp. - Segment focus
Exhibits72: Charlotte Pipe and Foundry Co. - Overview
Exhibits73: Charlotte Pipe and Foundry Co. - Product / Service
Exhibits74: Charlotte Pipe and Foundry Co. - Key offerings
Exhibits75: D.W. Clark - Overview
Exhibits76: D.W. Clark - Product / Service
Exhibits77: D.W. Clark - Key offerings
Exhibits78: EJ Group Inc. - Overview
Exhibits79: EJ Group Inc. - Product / Service
Exhibits80: EJ Group Inc. - Key offerings
Exhibits81: Georg Fischer AG - Overview
Exhibits82: Georg Fischer AG - Business segments
Exhibits83: Georg Fischer AG - Key offerings
Exhibits84: Georg Fischer AG - Segment focus
Exhibits85: Great Lakes Castings LLC - Overview
Exhibits86: Great Lakes Castings LLC - Product / Service
Exhibits87: Great Lakes Castings LLC - Key offerings
Exhibits88: Grupo Industrial Saltillo SAB de CV - Overview
Exhibits89: Grupo Industrial Saltillo SAB de CV - Business segments
Exhibits90: Grupo Industrial Saltillo SAB de CV - Key offerings
Exhibits91: Grupo Industrial Saltillo SAB de CV - Segment focus
Exhibits92: Impro Precision Industries Ltd. - Overview
Exhibits93: Impro Precision Industries Ltd. - Business segments
Exhibits94: Impro Precision Industries Ltd. - Key offerings
Exhibits95: Impro Precision Industries Ltd. - Segment focus
Exhibits96: KSB SE and Co. KGaA - Overview
Exhibits97: KSB SE and Co. KGaA - Business segments
Exhibits98: KSB SE and Co. KGaA - Key offerings
Exhibits99: KSB SE and Co. KGaA - Segment focus
Exhibits100: Meridian Lightweight Technologies Inc. - Overview
Exhibits101: Meridian Lightweight Technologies Inc. - Product / Service
Exhibits102: Meridian Lightweight Technologies Inc. - Key offerings
Exhibits103: MetalTek International - Overview
Exhibits104: MetalTek International - Product / Service
Exhibits105: MetalTek International - Key offerings
Exhibits106: Neenah Enterprises Inc. - Overview
Exhibits107: Neenah Enterprises Inc. - Product / Service
Exhibits108: Neenah Enterprises Inc. - Key offerings
Exhibits109: OSCO Industries Inc. - Overview
Exhibits110: OSCO Industries Inc. - Product / Service
Exhibits111: OSCO Industries Inc. - Key offerings
Exhibits112: Pace Industries - Overview
Exhibits113: Pace Industries - Product / Service
Exhibits114: Pace Industries - Key offerings
Exhibits115: The Weir Group Plc - Overview
Exhibits116: The Weir Group Plc - Business segments
Exhibits117: The Weir Group Plc - Key news
Exhibits118: The Weir Group Plc - Key offerings
Exhibits119: The Weir Group Plc - Segment focus
Exhibits120: Inclusions checklist
Exhibits121: Exclusions checklist
Exhibits122: Currency conversion rates for US$
Exhibits123: Research methodology
Exhibits124: Validation techniques employed for market sizing
Exhibits125: Information sources
Exhibits126: List of abbreviations

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