Europe Iron Casting Market Size & Outlook, 2021-2030
Europe iron casting market, 2017-2030 (US$M)
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Europe iron casting market highlights
- The Europe iron casting market generated a revenue of USD 15,046.2 million in 2021.
- The market is expected to grow at a CAGR of 4.7% 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.
- Country-wise, Turkey is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 15,046.2 million |
| Market revenue in 2030 | USD 22,784.3 million |
| Growth rate | 4.7% (CAGR from 2021 to 2030) |
| Largest segment | Gray |
| Fastest growing segment | Ductile |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Europe region accounted for 14.9% of the global iron casting market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 118,848.5 million by 2030.
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Iron Casting Market Scope
Iron Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 64.82% in 2021. Horizon Databook has segmented the Europe iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2017 to 2030.
In 2020, the GDP of EU-27 contracted by 5.9% in terms of volume on account of factors including the declining manufacturing sector, the overall financial slowdown in Europe, political reasons like Brexit, and the outbreak of the COVID-19.
The 6 countries that dominated the market in terms of weight were Turkey, Germany, Italy, Spain, and Poland. The region is trying to improve its rail connectivity and reverse the decline of the rail freight industry.
The European Union has set the ambitious plan to double its freight rail modal by 2030 and it is anticipated to reduce CO2 emission of the transport sector. This decision is anticipated to increase the demand for iron casting in the region.
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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 continent-level data and insights on the Europe iron casting market , including forecasts for subscribers. This continent databook contains high-level insights into Europe iron casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe iron casting market size, by country, 2017-2030 (US$M)
Europe Iron Casting Market Outlook Share, 2021 & 2030 (US$M)
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