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Global Steel Casting Market: By Application: Mining, Power, Oil and Gas, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand, EMR’s Key Indicators for Price; Competitive Landscape; Industry Events and Developments

Global Steel Casting Market Outlook

The global steel casting market is projected to grow at a CAGR of 5% during 2021-2026.

 

Global Steel Casting Market

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The high design flexibility that steel casting offers provide end-users the freedom to choose the application-based casting shape and size. Steel casting also provides metallurgical versatility and enhanced weldability and high-temperature workability. The products of steel casting are more reliable than other castings of metal. The decreased shipping time and increased steel casting productivity is expected to propel the steel casting market forward. These superior steel casting characteristics will increase their demand for multiple applications in the end-user sectors and thus increase the development of the market.

 

Properties and Applications

Steel casting is a specialized type of casting integrating different steel forms. Steel casting is used when cast iron is unable to provide sufficient power or resistance to shock. 

 

Global Steel Casting Market By Application

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The steel casting market can be divided on the basis of application into:

  • Mining 
  • Power 
  • Oil and Gas
  • Others

The EMR report looks into the regional markets of steel casting like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Steel Casting Market By Region

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Market Analysis

The combination of automated robots and computer numerical tools in casting machines enable the production of high-quality, reliable, and accurate casting products. The implementation of automated casting equipment will also increase with the rising demand for improved productivity in the manufacturing sectors, including the automotive industries. Thus, aiding the growth of the steel casting market. One of the critical market trends for steel casting will be the introduction of automation in the die-casting method, which will have a beneficial effect on the market growth.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global steel casting market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Berkshire Hathaway Inc. (NYSE: BRK.A)      
  • Hitachi Metals Ltd.  
  • Japan Casting & Forging Corp. 
  • Kobe Steel Ltd.  
  • Peekay Steel Castings Pvt. Ltd.    
  • Others 

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region
Breakup by Application Mining, Power, Oil and gas, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Berkshire Hathaway Inc. (NYSE: BRK.A), Hitachi Metals Ltd., Japan Casting & Forging Corp., Kobe Steel Ltd. (TYO: 5406), Peekay Steel Castings Pvt. Ltd., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Steel Casting Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Steel Casting Historical Market (2016-2020) 
    8.3    Global Steel Casting Market Forecast (2021-2026)
    8.4    Global Steel Casting Market by Application
        8.4.1    Mining   
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Power  
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Oil and gas  
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Others
    8.5    Global Steel Casting Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Spain
            9.2.3.6    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Price Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Berkshire Hathaway Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Hitachi Metals Ltd. 
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Japan Casting & Forging Corp. 
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Kobe Steel Ltd. 
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Peekay Steel Castings Pvt. Ltd.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Steel Casting Market: Key Industry Highlights, 2016 and 2026
2.    Global Steel Casting Historical Market: Breakup by Application (USD Million), 2016-2020
3.    Global Steel Casting Market Forecast: Breakup by Application (USD Million), 2021-2026
4.    Global Steel Casting Historical Market: Breakup by Region (USD Million), 2016-2020
5.    Global Steel Casting Market Forecast: Breakup by Region (USD Million), 2021-2026
6.    North America Steel Casting Historical Market: Breakup by Country (USD Million), 2016-2020
7.    North America Steel Casting Market Forecast: Breakup by Country (USD Million), 2021-2026
8.    Europe Steel Casting Historical Market: Breakup by Country (USD Million), 2016-2020
9.    Europe Steel Casting Market Forecast: Breakup by Country (USD Million), 2021-2026
10.    Asia Pacific Steel Casting Historical Market: Breakup by Country (USD Million), 2016-2020
11.    Asia Pacific Steel Casting Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Latin America Steel Casting Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Latin America Steel Casting Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Middle East and Africa Steel Casting Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Middle East and Africa Steel Casting Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Global Steel Casting Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 5% between 2021 and 2026.

The major drivers of the industry include combination of automated robots and computer numerical tools in casting machines, improved productivity in the manufacturing sectors and automation in the die-casting method.

The introduction of automation in the die-casting method is expected to be a key trend guiding the growth of the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Steel casting finds applications in mining, power, oil and gas, amongst others.

The leading players in this market are Berkshire Hathaway Inc. (NYSE: BRK.A), Hitachi Metals Ltd., Japan Casting & Forging Corp., Kobe Steel Ltd., and Peekay Steel Castings Pvt. Ltd., amongst others.

Analyst Review

The global steel casting market is driven by the combination of automated robots and computer numerical tools in casting machines, improved productivity in the manufacturing sectors and automation in the die-casting method. Aided by the introduction of automation in the die-casting method, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 5%.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. By application, the industry can be divided into mining, power, and oil and gas, amongst others. The major regional markets for steel casting are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Berkshire Hathaway Inc. (NYSE: BRK.A), Hitachi Metals Ltd., Japan Casting & Forging Corp., Kobe Steel Ltd., and Peekay Steel Castings Pvt. Ltd., amongst others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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