Global Steel Casting Market Insights and Forecast to 2028

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.
Market Analysis and Insights: Global Steel Casting Market
Due to the COVID-19 pandemic, the global Steel Casting market size is estimated to be worth US$ 74130 million in 2022 and is forecast to a readjusted size of US$ 90080 million by 2028 with a CAGR of 3.3% during the review period. Fully considering the economic change by this health crisis, Carbon Steel Casting accounting for % of the Steel Casting global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Power Generation segment is altered to an % CAGR throughout this forecast period.

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%.
In terms of production side, this report researches the Steel Casting capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Steel Casting by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Steel Casting Scope and Segment
Steel Casting market is segmented 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 production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Carbon Steel Casting
Low-Alloy Steel Casting
High Alloy Steel Casting
Segment by Application
Power Generation
Rail and Transit
Mining
Construction Machinery
Oil and Gas
Aerospace and Defense
Shipbuilding
Others
By Company
Precision Castparts
Hitachi
Doosan Heavy Industries & 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
Isgec Heavy Engineering
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE