China Iron Casting Market Size & Outlook, 2021-2030
China iron casting market, 2017-2030 (US$M)
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China iron casting market highlights
- The China iron casting market generated a revenue of USD 37,629.7 million in 2021 and is expected to reach USD 68,637.9 million by 2030.
- The China market is expected to grow at a CAGR of 6.9% from 2022 to 2030.
- In terms of segment, gray was the largest revenue generating product in 2021.
- Ductile is the most lucrative product segment registering the fastest growth during the forecast period.
Iron casting market data book summary
| Market revenue in 2021 | USD 37,629.7 million |
| Market revenue in 2030 | USD 68,637.9 million |
| Growth rate | 6.9% (CAGR from 2021 to 2030) |
| Largest segment | Gray |
| Fastest growing segment | Ductile |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gray, Ductile, Malleable |
| Key market players worldwide | Hitachi Ltd, POSCO Holdings Inc ADR, Georg Fischer AG, Calumet Specialty Products Partners LP, Brakes India, Chamberlin Plc, Crescent Foundry, Xinxing Ductile Iron Pipes, Newby Foundries, Grupo Industrial Saltillo(GIS) |
Other key industry trends
- In terms of revenue, China accounted for 37.2% of the global iron casting market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China iron casting market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 21,997.9 million by 2030.
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Iron Casting Market Scope
Iron Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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China iron casting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to iron casting market will help companies and investors design strategic landscapes.
Gray was the largest segment with a revenue share of 65.42% in 2021. Horizon Databook has segmented the China iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2017 to 2030.
China holds the largest share of Asia Pacific iron casting market owing to presence of a huge iron foundry industry coupled with end users. Large-scale automobile plants, investments in renewable energy, and growing production of machinery & tools owing to the expanding manufacturing industry are propelling the demand for iron castings in the country.
For instance, in October 2021, the government of China started building a massive renewable energy plant in the Gobi Desert. The first phase is anticipated to construct a 100 gigawatts wind and solar energy plant, which later is expected to expand to 400 gigawatts.
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Target buyers of China iron casting market databook
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Our clientele includes a mix of iron casting market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China iron casting market , including forecasts for subscribers. This country databook contains high-level insights into China iron casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China iron casting market size, by product, 2017-2030 (US$M)
China Iron Casting Market Outlook Share, 2021 & 2030 (US$M)
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