Global Steel Casting Market Growth 2023-2029

Global Steel Casting Market Growth 2023-2029

A steel casting is a metal component that is formed by pouring molten steel into a mold cavity. The liquefied steel then cools and solidifies within the mold cavity. By catering the shape of the mold, and hence the casting, to perfectly fit specifications. The casting process of steel can be difficult. It is less fluid than other metals and more reactive to mold materials.
LPI (LP Information)' newest research report, the “Steel Casting Industry Forecast” looks at past sales and reviews total world Steel Casting sales in 2022, providing a comprehensive analysis by region and market sector of projected Steel Casting sales for 2023 through 2029. With Steel Casting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Steel Casting industry.
This Insight Report provides a comprehensive analysis of the global Steel Casting 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 Steel Casting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Steel Casting market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steel Casting 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 Steel Casting.
The global Steel Casting market size is projected to grow from US$ 69940 million in 2022 to US$ 88520 million in 2029; it is expected to grow at a CAGR of 88520 from 2023 to 2029.
On the basis of product type, Carbon Steel Casting represent the largest share of the worldwide Steel Casting market, with 47.16% share. In the applications, Rail and Transit segment is estimated to be the largest end-use industry segment of the market in 2019, with 28.28% share of global market. The concentration of the market is low. Precision Castparts occupies most of the global market, with the market share of 1.5%. China holds the major share in the global market, with a share of 48.09%.
This report presents a comprehensive overview, market shares, and growth opportunities of Steel Casting market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Carbon Steel Casting
Low-Alloy Steel Casting
High Alloy Steel Casting
Segmentation by application
Power Generation
Rail and Transit
Mining
Construction Machinery
Oil and Gas
Aerospace and Defense
Shipbuilding
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.
Precision Castparts
Hitachi
Doosan Heavy Industries & Construction
Kobe Steel
ME Elecmetal
Amsted Rail
Signicast (Form Technologies Company)
MetalTek International
Anhui Yingliu
Harrison Steel Casting
Peekay Steel Castings
Impro Precision
Liaoning Fu-An Heavy Industry
Tycon Alloy Industries
Japan Steel Works
Amsteel Castings
Isgec Heavy Engineering

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

Please note: The report will take approximately 2 business days to prepare and deliver.