Iron Casting [Ferrous Castings] Market
Iron Casting [Ferrous Castings] Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Iron Casting [Ferrous Castings] Market Size and Growth
The global iron casting market shows robust growth, driven by increased industrial demand across automotive, construction, and machinery sectors. In 2023, the market is estimated at approximately $120 billion, with a projected CAGR of 5% through 2030. Key trends include advancements in manufacturing technologies and a growing focus on sustainability.
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Companies Covered
(Covid 19 Impact Covered)
◍ Waupaca Foundry
◍ AAM(Grede Holdings)
◍ Neenah Foundry
◍ Metal Technologies
◍ Cifunsa
◍ Wescast Industries
◍ INTAT Precision
◍ Chassix
◍ Aarrowcast
◍ Cadillac Casting
◍ Rochester Metal Products
◍ Goldens'Foundry
◍ Weichai
◍ Xinxing Ductile Iron Pipes
◍ Georg Fischer
◍ Faw Foundry
◍ Huaxiang Group
The Iron Casting market features key players like Waupaca Foundry and AAM, leveraging advanced technologies to enhance production. Companies such as Neenah Foundry and Metal Technologies focus on diversified applications, driving market growth. Sales revenue for leading firms includes:
- Waupaca Foundry: $500 million
- AAM: $3.5 billion
- Neenah Foundry: $300 million.
◍ Meide Casting
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Market Segmentation
By Application
◍ Machinery & Equipment ◍ Automotive
◍ Pipe & Fitting
◍ Valves, Pumps & Compressors
◍ Rail
◍ Others
By Product
◍ Gray Iron Castings ◍ Ductile Iron Castings ◍ Others
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Market Growth
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$ X Billion USD
