Industrial Casting Market in US by Product and End-user - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR70502

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The industrial casting market in the US has the potential to grow by USD 3.87 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.13%.

This industrial casting market research in the US report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (non ferrous and ferrous) and end-user (machinery, automotive, electrical and electronics, and others). The industrial casting market in the US report also offers information on several market vendors, including Alcoa Corp., Avalon Precision Casting, ESCO Corp., Great Lakes Castings LLC, Impro Precision Industries Ltd., KSB SE and Co. KGaA, Meridian Lightweight Technologies Inc., Neenah Foundry, OSCO Industries Inc., and Titanium Metals Corp. among others.

What will the Industrial Casting Market Size in the US be in 2021?

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Who are the Major Industrial Casting Market in the US Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alcoa Corp.
  • Avalon Precision Casting
  • ESCO Corp.
  • Great Lakes Castings LLC
  • Impro Precision Industries Ltd.
  • KSB SE and Co. KGaA
  • Meridian Lightweight Technologies Inc.
  • Neenah Foundry
  • OSCO Industries Inc.
  • Titanium Metals Corp.

 

The industrial casting market in the US is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the industrial casting market forecast in the US report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating Product Segments in the Industrial Casting Market in the US?

Industrial-Casting-Market-In-US-Market-Share-by-Product-2020-2025

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The rising demand from the automotive segment, increased mechanization in the agricultural industry, and industrialization in the US are major factors driving the demand for iron castings in the country. The ferrous market segment is expected to grow significantly during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial casting market size in US.

 

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What are the Key Factors Covered in this Industrial Casting Market in US Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial casting market growth in US during the next five years
  • Precise estimation of the industrial casting market size in US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial casting industry in US
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial casting vendors in US

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The industrial casting market growth will increase by $3879.87 million during 2020-2025.
The industrial casting market is expected to grow at a CAGR of 5.13% during 2020-2025.
Technavio has segmented the industrial casting market by product (Non ferrous and Ferrous) ,end user (Machinery, Automotive, Electrical and electronics, and Others) , and geographic (Afghanistan and Albania).
Alcoa Corp., Avalon Precision Casting, ESCO Corp., Great Lakes Castings LLC, Impro Precision Industries Ltd., KSB SE and Co. KGaA, Meridian Lightweight Technologies Inc., Neenah Foundry, OSCO Industries Inc., Titanium Metals Corp. are a few of the key vendors in the industrial casting market.
Afghanistan will register the highest growth rate of NaN% among the other regions. Therefore, the industrial casting market in Afghanistan is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the industrial casting market growth are:
  • Growing demand from the automotive industry
The industrial casting market vendors should focus on grabbing business opportunities from the non ferrous segment as it accounted for the largest market share in the base year.
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