Ferrous Castings segment is the dominating Product segment in the market.Europe region holds the highest share in 2023.
Industrial Casting Market Size and Growth:
The Industrial Casting Market was valued nearly US$ 57.66 Bn in 2023. Industrial Casting Market size is estimated to grow at a CAGR of 7.34 % & is expected to reach at US$ 94.67 Bn. by 2030.
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Industrial Casting Market Overview:
This report aims to provide an in-depth analysis of the Industrial Casting Market, segmented by component, application, industry, and region. It highlights the key factors driving Industrial Casting Market growth, emerging trends, and challenges. Additionally, the report offers a detailed examination of the Industrial Casting Market's value chain to provide a comprehensive understanding of the industry dynamics.
Industrial Casting Market Scope:
The research methodology used for Industrial Casting Market evaluation involves secondary research to gather revenue data from major suppliers. Vendor offerings are considered in Industrial Casting Market segmentation, and a bottom-up approach is used to estimate the total Industrial Casting Market size based on the revenues of key players.
Industrial Casting Market Segmentation:
The Industrial Casting Market is segmented based on the following criteria:
by End-Users
Transportation
Industrial
Building & Construction
Others
by Product
Ferrous Castings
Non-Ferrous Castings
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Leading Companies Featured in This Report:
The major companies operating in the Industrial Casting Market include:
1. Alcoa
2. Ryobi
3. Martinrea Honsel
4. Gibbs Die Casting
5. Alcast
6. Hitachi Metals
7. Dynacast
8. Consolidated Metco
9. Precision Castparts
10.Avalon Precision Casting
11.ESCO Corp.
12.Great Lakes Castings LLC
13.Impro Precision Industries Ltd.
14.KSB SE, and Co. KGaA
15.Meridian Lightweight Technologies Inc.
16.ThyssenKrupp
17.Others
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Regional Analysis:
The report provides an individual Industrial Casting Market share analysis for different regions, including:
Impact of COVID-19 on the Industrial Casting Market:
Industries such as aerospace & defense, agriculture, automotive, retail & e-commerce, energy & power, healthcare, packaging, mining, electronics, and financial services have all been impacted by the COVID-19 pandemic. The Industrial Casting Market witnessed fluctuations in growth rates due to the pandemic’s disruptions. This report provides valuable insights into how businesses in this sector adapted and implemented digital transformation strategies to navigate risks and sustain growth.
Key Questions Addressed in the Report:
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