Reports
Global Steel Casting Market Size, Share, Trends, Forecast: By Application: Mining, Power, Oil and Gas, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Price Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Steel Casting Market Outlook
The global steel casting market is projected to grow at a CAGR of 5% during 2024-2032.
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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.
Market Segmentation
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.
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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.
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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:
- Precision Castparts Corp. (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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| 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, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Precision Castparts Corp. (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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Steel Casting Market Analysis
8.1 Key Industry Highlights
8.2 Global Steel Casting Historical Market (2018-2023)
8.3 Global Steel Casting Market Forecast (2024-2032)
8.4 Global Steel Casting Market by Application
8.4.1 Mining
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Power
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Oil and gas
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Steel Casting Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Steel Casting Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Steel Casting Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Spain
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Asia Pacific Steel Casting Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Steel Casting Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Steel Casting Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Precision Castparts Corp. (Berkshire Hathaway Inc.)
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Hitachi Metals Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Japan Casting & Forging Corp.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Kobe Steel Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Peekay Steel Castings Pvt. Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Steel Casting Market: Key Industry Highlights, 2017 and 2027
2. Global Steel Casting Historical Market: Breakup by Application (USD Million), 2018-2023
3. Global Steel Casting Market Forecast: Breakup by Application (USD Million), 2024-2032
4. Global Steel Casting Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Steel Casting Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Steel Casting Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Steel Casting Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Steel Casting Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Steel Casting Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Steel Casting Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Steel Casting Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Steel Casting Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Steel Casting Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Steel Casting Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Steel Casting Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Global Steel Casting Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5% between 2024 and 2032.
The major drivers of the market 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 market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Steel casting finds applications in mining, power, and oil and gas, among others.
The major players in the market are Precision Castparts Corp. (Berkshire Hathaway Inc.), 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 2024-2032, 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 Precision Castparts Corp. (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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