In this report, the Global Steel Casting market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Steel Casting market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
A steel casting is a metal component that is formed by pouring molten steel into a mold cavity. The liquefied steel then cools and solidifies within the mold cavity. By catering the shape of the mold, and hence the casting, to perfectly fit specifications. The casting process of steel can be difficult. It is less fluid than other metals and more reactive to mold materials.
On the basis of product type, Carbon Steel Casting represent the largest share of the worldwide Steel Casting market, with 47.16% share. In the applications, Rail and Transit segment is estimated to be the largest end-use industry segment of the market in 2019, with 28.28% share of global market. The concentration of the market is low. Precision Castparts occupies most of the global market, with the market share of 1.5%. China holds the major share in the global market, with a share of 48.09%.
Market Analysis and Insights: Global Steel Casting Market
The global Steel Casting market size is projected to reach US$ 74770 million by 2026, from US$ 70690 million in 2020, at a CAGR of 0.9% during 2021-2026.
Global Steel Casting Scope and Segment
The global Steel Casting market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Steel Casting market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.
By the product type, the market is primarily split into
Carbon Steel Casting
Low-Alloy Steel Casting
High Alloy Steel Casting
By the end users/application, this report covers the following segments
Rail and Transit
Oil and Gas
Aerospace and Defense
The report provides a list of all the key players in the Steel Casting market along with a detailed analysis of the strategies, which the companies are adopting. The strategies mainly include new product development, research, and development, and also provides revenue shares, company overview, and recent company developments to remain competitive in the market.
The Steel Casting key manufacturers in this market include:
Doosan Heavy Industries & Construction
Signicast (Form Technologies Company)
Harrison Steel Casting
Peekay Steel Castings
Liaoning Fu-An Heavy Industry
Tycon Alloy Industries
Japan Steel Works
Isgec Heavy Engineering
Reasons to Buy This Research Report
- Complete access to Global Steel Casting market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Steel Casting markets including North America, Europe, MEA and Asia Pacific
- Global Steel Casting Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Steel Casting market segmentation
- Key trends, drivers and restraints for global Global Steel Casting market
- Challenges to market growth for Global Steel Casting manufacturers
- Key market opportunities of Global Steel Casting Industry
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