Global Industrial Casting Market Overview
The global Industrial Casting market size was valued at US$ 57.66 Bn in 2023 and is projected to reach US$ 94.67 Bn. 2030, growing at a CAGR of 7.34% during the forecast period.
Market Overview
The report on the “Industrial Casting Market” aims to provide current market insights and assist decision-makers in making informed investment choices. It offers a thorough analysis of the global Industrial Casting market, segmented by product type, application, key manufacturers, and several key regions.
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Market Scope
The research examines the growth prospects, constraints, and market dynamics of the Industrial Casting market. It utilizes Porter’s five forces analysis to evaluate the impact of various factors on Industrial Casting market trends, including supplier bargaining power.
Drivers and Restraints
The report covers the major drivers and restraints influencing the Industrial Casting market.
Segmentation
by End-Users
Transportation
Industrial
Building & Construction
Others
by Product
Ferrous Castings
Non-Ferrous Castings
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Key Players
1. Alcoa
2. Ryobi
3. Martinrea Honsel
4. Gibbs Die Casting
5. Alcast
6. Hitachi Metals
7. Dynacast
8. Consolidated Metco
9. Precision Castparts
10.Avalon Precision Casting
11.ESCO Corp.
12.Great Lakes Castings LLC
13.Impro Precision Industries Ltd.
14.KSB SE, and Co. KGaA
15.Meridian Lightweight Technologies Inc.
16.ThyssenKrupp
17.Others
Regional Analysis
The report evaluates the global Industrial Casting market across the following regions:
- North America: United States, Canada
- European Union: Germany, France, United Kingdom, Russia
- Asia-Pacific: China, Japan, Korea, India, Southeast Asia, Australia
- Latin America: Brazil, Argentina, Colombia
- Middle East & Africa: Saudi Arabia, UAE, Egypt, South Africa
COVID-19 Impact Analysis on Industrial Casting Market
The COVID-19 pandemic has had significant global repercussions on the Industrial Casting market in 2021. The outbreak has led to various impacts, including flight cancellations, travel bans and quarantines, restaurant closures, and restrictions on indoor and outdoor events. Additionally, there has been a declaration of a state of emergency in over thirty countries, a massive slowdown in the supply chain, stock market declines, business downturns, increased public panic, and uncertainty about the future.
Key Questions Addressed in the Industrial Casting Market Report
- What key trends are likely to emerge in the Industrial Casting market during the forecast period?
- What will be the size of the Industrial Casting market by 2027?
- Which company held the largest share in the Industrial Casting market in 2020?
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