Overview

Steel Casting Market is poised to value over USD 80 billion during the forecast period 2022 to 2028.

Casting is a method of producing finished steel and iron products and components. The molten metal is shaped using moulds. Casting provides remarkable design flexibility and personalization, as well as the potential to remove the need for additional assembly and fabrication. Casting may be done using a variety of materials, including synthetics and metals, although steel and iron have great mechanical qualities for a wide range of applications.

Sewer pipes, manholes, and water pipes are all examples of sanitary fittings made from steel cast items. It's also used in the bases and metal columns of columns, light posts, metal stairs, and gates. In the foreseeable future, rising development projects throughout the world will increase production utilisation even more.

Cast steel has a maximum carbon content of around 0.75 % and is a ferrous alloy. Steel castings are solid metal objects that are produced by filling the void within a mold with steel liquid. They can be produced in many of the same carbon and alloy steels as wrought metals. The mechanical properties of cast steel are generally lower than those of wrought steel, but the chemical composition is the same. By forming complex shapes in fewer steps, cast steel compensates for this disadvantage. A cast steel has properties such as hardness, strength, ductility, toughness, wear resistance, corrosion resistance, machinability, weldability, and high-temperature properties. 

FutureWise Market Research has instantiated a report that provides an intricate analysis of Steel Casting Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.

According to the research study conducted by FutureWise research analysts, the Steel Casting Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.

Major players included in the Steel Casting Market:
• Hitachi Metals
• Precision Castparts
• Isgec Heavy Engineering
• Doosan Heavy Industries and Construction
• Kobe Steel
• ME Elecmetal
• Amsted Rail
• Signicast (Form Technologies Company)
• MetalTek International
• Anhui Yingliu
• Harrison Steel Casting
• Peekay Steel Castings
• Impro Precision
• Liaoning Fu-An Heavy Industry
• Tycon Alloy Industries
• Japan Steel Works
• Amsteel Castings
(Note: The list of the major players will be updated with the latest market scenario and trends)

Steel Casting Market Segmentation:
By Type
• Carbon cast steel
  o Low carbon cast steel
  o Medium carbon cast steel
  o High carbon cast steel
• Alloyed cast steel
  o Low-alloy cast steel (≤ 8% alloy content) 
  o High-alloy cast steel (> 8% alloy content)

By Application
• Automotive
  o Traditional Automotive  
    • Passenger
    • LCV
    • HCV (trucks +buses)
  o Electric Vehicle – Automotive 
    • PEV (Plug-in Electric Vehicles)
    • BEV (Battery Electric Vehicles)
    • PHEV (Hybrid Electric Vehicles)
• Construction & Mining
• Oil & Gas
• Aerospace & Defense
• Shipbuilding
• Industrial Equipment & Machine
• Others

By Technology
• Sand casting
• Investment casting
• Die casting
• Low-pressure casting
• Centrifugal casting
• Gravity die casting
• Vacuum die casting
• Others

By Region
North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Steel Casting Market Video Sample:

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the Steel Casting Market By Type, By Application, By Technology and By Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

Flexible Delivery Model:
• We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
• The customization Mobility Care offered are free of charge with purchase of any license of the report
• You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

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What you get


  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included


  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics