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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; 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.

*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
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Steel Casting Market Analysis
    6.1    Global Steel Casting Historical Market (2016-2020) & Forecast (2021-2026)
    6.2    Global Steel Casting Market Breakup by Application
        6.2.1    Mining  
        6.2.2    Power 
        6.2.3    Oil and gas
        6.2.4    Others
    6.3    Global Steel Casting Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
        6.3.1    Mining  
        6.3.2    Power 
        6.3.3    Oil and gas
        6.3.4    Others
    6.4    Global Steel Casting Market by Region
         6.4.1    North America
            6.4.1.1    United States of America
            6.4.1.2    Canada
        6.4.2    Europe
            6.4.2.1    Germany
            6.4.2.2    United Kingdom
            6.4.2.3    France
            6.4.2.4    Italy
            6.4.2.5    Others
        6.4.3    Asia Pacific
            6.4.3.1    China
            6.4.3.2    Japan
            6.4.3.3    India
            6.4.3.4    ASEAN
            6.4.3.5    Others
        6.4.4    Latin America
            6.4.4.1    Brazil
            6.4.4.2    Argentina
            6.4.4.3    Mexico
            6.4.4.4    Others
        6.4.5    Middle East & Africa
            6.4.5.1    Saudi Arabia
            6.4.5.2    United Arab Emirates
            6.4.5.3    Nigeria
            6.4.5.4    South Africa
            6.4.5.5    Others
    6.5    Global Steel Casting Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
         6.5.1    North America
            6.5.1.1    United States of America
            6.5.1.2    Canada
        6.5.2    Europe
            6.5.2.1    Germany
            6.5.2.2    United Kingdom
            6.5.2.3    France
            6.5.2.4    Italy
            6.5.2.5    Others
        6.5.3    Asia Pacific
            6.5.3.1    China
            6.5.3.2    Japan
            6.5.3.3    India
            6.5.3.4    ASEAN
            6.5.3.5    Others
        6.5.4    Latin America
            6.5.4.1    Brazil
            6.5.4.2    Argentina
            6.5.4.3    Mexico
            6.5.4.4    Others
        6.5.5    Middle East & Africa
            6.5.5.1    Saudi Arabia
            6.5.5.2    United Arab Emirates
            6.5.5.3    Nigeria
            6.5.5.4    South Africa
            6.5.5.5    Others
7    SWOT Analysis
    7.1    Overview
    7.2    Strengths
    7.3    Weaknesses
    7.4    Opportunities
    7.5    Threats
8    Porter’s Five Forces Analysis
    8.1    Overview
    8.2    Buyer’s Power
    8.3    Supplier’s Power
    8.4    New Entrants
    8.5    Degree of Rivalry
    8.6    Substitutes
9    Competitive Landscape & Supplier Analysis
    9.1    Berkshire Hathaway Inc. (NYSE: BRK.A)
        9.1.1    Company Overview
        9.1.2    Financial Analysis
    9.2    Hitachi Metals Ltd.
        9.2.1    Company Overview
        9.2.2    Financial Analysis
    9.3     Japan Casting & Forging Corp.
        9.3.1    Company Overview
        9.3.2    Financial Analysis
    9.4    Kobe Steel Ltd. (TYO: 5406)
        9.4.1    Company Overview
        9.4.2    Financial Analysis
    9.5    Peekay Steel Castings Pvt. Ltd.
        9.5.1    Company Overview
        9.5.2    Financial Analysis
    9.6    Others
10    Industry Events and Developments

Additional Customisations Available:

1    Manufacturing Process
    1.1    Detailed Process Flow
    1.2    Operations Involved
    1.3    Mass Balance
2    Cost Analysis 
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

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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