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.
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Technavio has announced its latest market research report titled Global Steel Casting Market 2022-2026
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 report also covers the following areas:
- Steel Casting Market size
- Steel Casting Market trends
- Steel Casting Market industry analysis
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Steel Casting Market 2022-2026: Segmentation
- Application
- Automotive And Transportation
- Construction And Infrastructure
- Mining
- Power
- Others
- Geography
- APAC
- North America
- Europe
- Middle East And Africa
- South America
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report
Steel Casting Market 2022-2026: Revenue-generating Application Segment
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
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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. |
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Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Automotive and transportation - Market size and forecast 2021-2026
- Exhibit 28: Chart on Automotive and transportation - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 29: Data Table on Automotive and transportation - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 30: Chart on Automotive and transportation - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Automotive and transportation - Year-over-year growth 2021-2026 (%)
- 5.4 Construction and infrastructure - Market size and forecast 2021-2026
- Exhibit 32: Chart on Construction and infrastructure - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 33: Data Table on Construction and infrastructure - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 34: Chart on Construction and infrastructure - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Construction and infrastructure - Year-over-year growth 2021-2026 (%)
- 5.5 Mining - Market size and forecast 2021-2026
- Exhibit 36: Chart on Mining - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 37: Data Table on Mining - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 38: Chart on Mining - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Mining - Year-over-year growth 2021-2026 (%)
- 5.6 Power - Market size and forecast 2021-2026
- Exhibit 40: Chart on Power - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 41: Data Table on Power - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 42: Chart on Power - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Power - Year-over-year growth 2021-2026 (%)
- 5.7 Others - Market size and forecast 2021-2026
- Exhibit 44: Chart on Others - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.8 Market opportunity by Application
- Exhibit 48: Market opportunity by Application (thousand MTPA)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 58: Chart on North America - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 70: Chart on South America - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 71: Data Table on South America - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 72: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 India - Market size and forecast 2021-2026
- Exhibit 82: Chart on India - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 83: Data Table on India - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.11 Germany - Market size and forecast 2021-2026
- Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.12 Italy - Market size and forecast 2021-2026
- Exhibit 90: Chart on Italy - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 91: Data Table on Italy - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 92: Chart on Italy - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on Italy - Year-over-year growth 2021-2026 (%)
- 7.13 Canada - Market size and forecast 2021-2026
- Exhibit 94: Chart on Canada - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 95: Data Table on Canada - Market size and forecast 2021-2026 (thousand MTPA)
- Exhibit 96: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 97: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.14 Market opportunity by geography
- Exhibit 98: Market opportunity by geography (thousand MTPA)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 99: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 100: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 101: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 102: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 103: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 104: Matrix on vendor position and classification
- 10.3 ArcelorMittal SA
- Exhibit 105: ArcelorMittal SA - Overview
- Exhibit 106: ArcelorMittal SA - Business segments
- Exhibit 107: ArcelorMittal SA - Key news
- Exhibit 108: ArcelorMittal SA - Key offerings
- Exhibit 109: ArcelorMittal SA - Segment focus
- 10.4 Columbia Steel Casting Co Inc
- Exhibit 110: Columbia Steel Casting Co Inc - Overview
- Exhibit 111: Columbia Steel Casting Co Inc - Product / Service
- Exhibit 112: Columbia Steel Casting Co Inc - Key offerings
- 10.5 Dandong Fuding Engineering Machinery Co. Ltd.
- Exhibit 113: Dandong Fuding Engineering Machinery Co. Ltd. - Overview
- Exhibit 114: Dandong Fuding Engineering Machinery Co. Ltd. - Product / Service
- Exhibit 115: Dandong Fuding Engineering Machinery Co. Ltd. - Key offerings
- 10.6 Doosan Corp.
- Exhibit 116: Doosan Corp. - Overview
- Exhibit 117: Doosan Corp. - Business segments
- Exhibit 118: Doosan Corp. - Key news
- Exhibit 119: Doosan Corp. - Key offerings
- Exhibit 120: Doosan Corp. - Segment focus
- 10.7 Hitachi Ltd.
- Exhibit 121: Hitachi Ltd. - Overview
- Exhibit 122: Hitachi Ltd. - Business segments
- Exhibit 123: Hitachi Ltd. - Key news
- Exhibit 124: Hitachi Ltd. - Key offerings
- Exhibit 125: Hitachi Ltd. - Segment focus
- 10.8 Hyundai Steel Co.
- Exhibit 126: Hyundai Steel Co. - Overview
- Exhibit 127: Hyundai Steel Co. - Product / Service
- Exhibit 128: Hyundai Steel Co. - Key offerings
- 10.9 Isgec Heavy Engineering Ltd.
- Exhibit 129: Isgec Heavy Engineering Ltd. - Overview
- Exhibit 130: Isgec Heavy Engineering Ltd. - Business segments
- Exhibit 131: Isgec Heavy Engineering Ltd. - Key offerings
- Exhibit 132: Isgec Heavy Engineering Ltd. - Segment focus
- 10.10 Kobe Steel Ltd.
- Exhibit 133: Kobe Steel Ltd. - Overview
- Exhibit 134: Kobe Steel Ltd. - Business segments
- Exhibit 135: Kobe Steel Ltd. - Key offerings
- Exhibit 136: Kobe Steel Ltd. - Segment focus
- 10.11 Nucor Corp.
- Exhibit 137: Nucor Corp. - Overview
- Exhibit 138: Nucor Corp. - Business segments
- Exhibit 139: Nucor Corp. - Key news
- Exhibit 140: Nucor Corp. - Key offerings
- Exhibit 141: Nucor Corp. - Segment focus
- 10.12 SIGMA Engineered Solutions
- Exhibit 142: SIGMA Engineered Solutions - Overview
- Exhibit 143: SIGMA Engineered Solutions - Product / Service
- Exhibit 144: SIGMA Engineered Solutions - Key offerings
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 145: Inclusions checklist
- Exhibit 146: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 147: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 148: Research methodology
- Exhibit 149: Validation techniques employed for market sizing
- Exhibit 150: Information sources
- 11.5 List of abbreviations
- Exhibit 151: List of abbreviations
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