Iron Castings Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR41637
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The iron castings market has the potential to grow by 1216.82 thousand metric tonnes during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 6.40%.

This iron castings market research 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 (gray iron, ductile iron, and malleable iron), end-user (automobile, industrial machinery, infrastructure and construction machines, power, and others), and geography (APAC, North America, Europe, South America, and MEA). The iron castings market report also offers information on several market vendors, including Benton Foundry Inc., BMF GROUP, Chamberlin Plc, Dandong Fuding Engineering Machinery Co. Ltd., Decatur Foundry Inc., Deeco Metals, Hitachi Metals Ltd., OSCO Industries Inc., Sumitomo Electric Industries Ltd., and ThyssenKrupp AG among others.

What will the Iron Castings Market Size be in 2021?

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Iron Castings Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growth in the automobile segment is notably driving the iron castings market growth, although factors such as increasing competition from aluminum may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the iron castings industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This iron castings market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Iron Castings Market Vendors?

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

 

  • Benton Foundry Inc.
  • BMF GROUP
  • Chamberlin Plc
  • Dandong Fuding Engineering Machinery Co. Ltd.
  • Decatur Foundry Inc.
  • Deeco Metals
  • Hitachi Metals Ltd.
  • OSCO Industries Inc.
  • Sumitomo Electric Industries Ltd.
  • ThyssenKrupp AG

 

This statistical study of the iron castings market encompasses successful business strategies deployed by the key vendors. The iron castings market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

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.

The iron castings market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Iron Castings Market?

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72% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the iron castings market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Iron Castings Market?

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The iron castings market share growth by the grey iron segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the iron castings market size and actionable market insights on post COVID-19 impact on each segment.

Scope of Report

Features

Included Data

Base year for market size assessment

2021

Forecast period

2021-2025

Growth momentum and forecast

Decelerate at a CAGR of 6.40%

Regional analysis

APAC, North America, Europe, South America, and MEA

Key consumer countries

China, India, US, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Benton Foundry Inc., BMF GROUP, Chamberlin Plc, Dandong Fuding Engineering Machinery Co. Ltd., Decatur Foundry Inc., Deeco Metals, Hitachi Metals Ltd., OSCO Industries Inc., Sumitomo Electric Industries Ltd., and ThyssenKrupp AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Iron Castings Market Report?

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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Iron Castings Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 6.40%

Market growth 2021-2025

1216.82 th MT

Market structure

Fragmented

YoY growth (%)

8.97

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 72%

Key consumer countries

China, India, US, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Benton Foundry Inc., BMF GROUP, Chamberlin Plc, Dandong Fuding Engineering Machinery Co. Ltd., Decatur Foundry Inc., Deeco Metals, Hitachi Metals Ltd., OSCO Industries Inc., Sumitomo Electric Industries Ltd., and thyssenkrupp AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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 iron castings market growth will increase by $40.28 million MT during 2019-2024.
The iron castings market is expected to grow at a CAGR of 6.45% during 2019-2024.
Technavio has segmented the iron castings market by product (Gray iron, Ductile iron, and Malleable iron) ,application (Semiconductors, Life sciences, Material sciences, and Nanotechnology) , and geographic (APAC, North America, Europe, and South America).
American Axle & Manufacturing Inc., Arconic Inc., Brakes India Pvt. Ltd., chamberlin Plc, Dandong Fuding Engineering Machinery Co. Ltd., Grupo Industrial Saltillo SAB de CV, Hitachi Metals Ltd., OSCO Industries Inc., Qingdao Tian Hua Yi He Foundry Factory, Sumitomo Electric Industries Ltd. are a few of the key vendors in the iron castings market.
APAC will register the highest growth rate of 67.56% among the other regions. Therefore, the iron castings market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the iron castings market growth are:
  • Growth in automobile segment
  • Modernization of foundry industry
The iron castings market vendors should focus on grabbing business opportunities from the gray iron segment as it accounted for the largest market share in the base year.
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