Steel Casting Market to Record a CAGR of 4.19%, ArcelorMittal SA and Columbia Steel Casting Co Inc Among Key Vendors - Technavio
NEW YORK, Sept. 27, 2022 /PRNewswire/ -- The steel casting market size is expected to grow by 3274.74 thousand MTPA between 2021 and 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 4.19% during the forecast period, according to Technavio's latest market report estimates. The growing construction activities are driving the steel casting market growth. However, factors such as environmental concerns related to the casting industry may challenge the market growth.
This report offers an up-to-date analysis of the latest trends and drivers, the current market scenario, and the overall market environment. Read FREE PDF Sample Report
Steel Casting Market 2022-2026:Vendor Analysis and Scope
To help businesses improve their market position, Technavio's report has provided a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the steel casting market include ArcelorMittal SA, Columbia Steel Casting Co Inc, Dandong Fuding Engineering Machinery Co. Ltd., Doosan Corp., Ferralloy Inc., Fortune Foundries Pvt. Ltd, Fundiciones Del Estanda SA, Goodwin Steel Castings Ltd., Harrison Steel Castings Co., Hitachi Ltd., Hyundai Steel Co., Isgec Heavy Engineering Ltd., Japan Steel Works M and E Co Ltd, Maynard Steel Casting Co., Kobe Steel Ltd., Nucor Corp., Milwaukee Precision Casting Inc., SIGMA Engineered Solutions, Peekay Steel Castings Pvt Ltd, and Stainless Foundry and Engineering Inc. The key offerings of some of these vendors are listed below:
ArcelorMittal SA - The company offers steel casting products such as slag pots and ladles, crusher components, and mill frames.
Columbia Steel Casting Co Inc - The company offers steel casting products that are used in applications such as mining, crushing, grinding, and shredding.
Doosan Corp. - The company offers steel casting such as thick steel plates and mill housing.
Hitachi Ltd. - The company offers steel casting products such as Hitachi vacuum die casting v, HERCUNITE series, and cast iron.
Hyundai Steel Co. - The company offers steel casting products such as rolling roll, steel plate roll, and rod-type steel roll.
The automotive and transportation segment will be the largest contributor to market growth during the forecast period. The demand for manufacturing aircraft components and turbine engine parts is expected to increase. Hence, the steel casting market is expected to experience significant growth in the automotive and transportation segment during the forecast period.
Steel Casting Market 2022-2026: Key Highlights
CAGR of the market during 2022-2026
Detailed information on factors that will help the steel casting market grow in the next five years
Approximation of the steel casting market size and its contribution to the parent market
Forecasts on upcoming trends and changes in consumer behavior
The growth of the steel casting market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of steel casting market vendors
Related Reports
Steel Wire Market by End-user and Geography - Forecast and Analysis 2022-2026: The steel wire market share is expected to increase by USD 570 million from 2021 to 2026.
Heat Treated Steel Plates Market by End-user by Volume and Geography - Forecast and Analysis 2022-2026: The heat treated steel plates market share is expected to increase by 18120.00 thousand tons from 2021 to 2026.
Steel Casting Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 4.19%
Market growth 2022-2026
3274.74 th MTPA
Market structure
Fragmented
YoY growth (%)
3.85
Regional analysis
APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution
APAC at 70%
Key consumer countries
US, Canada, China, India, Germany, and Italy
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
ArcelorMittal SA, Columbia Steel Casting Co Inc, Dandong Fuding Engineering Machinery Co. Ltd., Doosan Corp., Ferralloy Inc., Fortune Foundries Pvt. Ltd, Fundiciones Del Estanda SA, Goodwin Steel Castings Ltd., Harrison Steel Castings Co., Hitachi Ltd., Hyundai Steel Co., Isgec Heavy Engineering Ltd., Japan Steel Works M and E Co Ltd, Kobe Steel Ltd., Maynard Steel Casting Co., Milwaukee Precision Casting Inc., Nucor Corp., Peekay Steel Castings Pvt Ltd, SIGMA Engineered Solutions, and Stainless Foundry and Engineering Inc
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.
Exhibit 149: Validation techniques employed for market sizing
Exhibit 150: Information sources
11.5 List of abbreviations
Exhibit 151: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Agnico Eagle Mines Limited ("Agnico Eagle") announced today that further to its news release dated April 25, 2024, it has received approval from the Toronto Stock Exchange (the "TSX") of Agnico Eagle's notice of intention to renew its normal course...
Lundin Mining Corporation ("Lundin Mining" or the "Company") today reported its first quarter 2024 financial results. Unless otherwise stated, results are presented in United States dollars on a 100% basis. View PDF
Jack Lundin, President and CEO...
Avino Silver & Gold Mines Ltd. plans to announce its First Quarter financial results after the market closes on Wednesday, May 8, 2024.In addition, the Company will be holding a conference call and webcast on Thursday, May 9, 2024, at 8:00 a.m. PDT...
Lundin Mining Corporation ("Lundin Mining" or the "Company") today announced that its Board of Directors has declared a regular quarterly dividend of Canadian Dollars ("CAD") $0.09 per share, payable to shareholders of record at the close of...
Toromont Industries Ltd. today reported its financial results for the first quarter ended March 31, 2024.
Three months ended March 31
($ millions, except per share amounts)
2024
2023
% change
Revenue
$
1,016.3
$
1,046.4
(3) %
Operating income
$...
Russel Metals Inc. announces financial results for three months ended March 31, 2024.
Revenues of $1.1 Billion and EBITDA1 of $84 MillionCash Generated from Operating Activities of $85 MillionRepurchased $15 Million of Shares; Quarterly Dividend...