Iron & Steel Casting industry outlook and trends report for 2017-2024

Iron & Steel Casting industry outlook is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more.

Global Iron & Steel Casting Market size will be driven by growth of its various end-user industries such as construction, mining, and automobiles.

The iron & steel casting market will be chiefly driven by high growth in the construction industry where steel plates and heavy construction equipment are used. Construction industry was valued around USD 8 trillion in 2015 and is expected to grow at a healthy rate due to economic growth in Asia Pacific and North America.

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Growth in machine tools, aerospace, steel and electricals industries worldwide will also be a positive influence for the iron & steel casting market as the product has wide applications in these fields.

By material type, iron & steel casting market is segmented into two major categories, which are iron casting and steel casting. Iron casting is further segmented as grey cast iron, white cast iron, and other cast iron alloys. Steel casting segment is bifurcated into carbon and alloy steel castings.

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Iron & steel casting market will also be augmented by rising demand for automobiles as the product is extensively employed to fabricate engine parts. Total vehicle production in 2015 was more than 90 million and it is projected to increase in the coming years due to high demand in developing economies like China, India, Brazil etc.

Reasons to Buy This Report:

1. Iron & Steel Casting Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Key Iron & Steel Casting Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles

The differentiating factor of Iron & Steel Casting market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook. Business focused multiple trends for Iron & Steel Casting industry are discussed along with regional trends to offer an overall view of the market.

The ‘industry insights’ chapter of this research provides the most comprehensive analysis of Iron & Steel Casting market covering segmentation, size, forecasts, ecosystem analysis and more. Industry impact forces (regional and global) that cover growth drivers and challenges, growth potential analysis, a strategy dashboard for competitive landscape of Printed Cartons market support this sector specific data and information points.

By product, iron & steel casting market is segmented as bars, pipes & tubes, sheets & plates, semi-finished cast products and other types such as rods, balls, etc. Sheets and plates are used in construction and electrical industries while bars are employed in steel manufacturing.

Iron & steel casting market, by end-user, is segmented into machine tools, mining, transportation, construction, electrical, steel industry and other end-users such as power generation, defense, etc. Machine tools will garner a significant share of the total iron & steel casting market and is poised to grow at a steady rate owing to the various other industries that these tools are used in.

Asia pacific is a significant iron & steel casting market due to robust industrialization in countries like China and India. North America also have substantial share of the iron & steel casting market due to growth of construction industry and presence of manufacturing companies in the U.S. and eastern European nations like Germany and France.

Latin America and Middle East iron & steel casting market will also experience a steady growth due to improving economic condition in these regions leading to a rise in manufacturing as well as construction activities.

Key players in the global iron & steel casting market are ArcelorMittal SA, Steel Authority of India Limited (SAIL), Tata Group, ThyssenKrupp AG, The Voestalpine Group, Hebei Iron and Steel Group Co, SSAB AB, POSCO, Shanghai Baosteel Group Corporation, Peekay Steel, Pacific Steel Casting Company LLC, Hitachi Metals, ESCO, Calmet and Kobe Steel.

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About Global Market Insights, Inc. Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services.