According to a market report by Lucintel, the future of the global steel casting market looks promising with opportunities in the power generation, rail & transit, mining, construction machinery, and oil & gas markets. The global steel casting market is expected to grow with a CAGR of 5.4% from 2025 to 2031. The major drivers for this market are the increasing demand for high-performance automotive parts, the rising infrastructure development in emerging markets, and the growing need for energy-efficient manufacturing solutions.
A more than 150-page report to understand trends, opportunity and forecast in steel casting market to 2031 by type (carbon steel, low-alloy steel, high-alloy steel, and others), process (sand casting, investment casting, die casting, and others), application (power generation, rail & transit, mining, construction machinery, oil & gas, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, high-alloy steel is expected to witness the highest growth over the forecast period.
Within the application category, oil & gas is expected to witness the highest growth.
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In terms of region, APAC is expected to witness the highest growth over the forecast period.
Eagle Alloy, ArcelorMittal, Ferralloy, Harrison Steel Castings Company, Jindal Steel & Power, WHEMCO Steel Castings, NIPPON STEEL CORPORATION, Barron Industries, William Cook Group, Goodwin Steel Castings are the major suppliers in the steel casting market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] to get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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