Germany Iron Casting Market Size & Outlook, 2021-2030
Germany iron casting market, 2017-2030 (US$M)
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Germany iron casting market highlights
- The Germany iron casting market generated a revenue of USD 4,359.8 million in 2021 and is expected to reach USD 6,293.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.2% from 2022 to 2030.
- In terms of segment, gray was the largest revenue generating product in 2021.
- Malleable 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 4,359.8 million |
| Market revenue in 2030 | USD 6,293.7 million |
| Growth rate | 4.2% (CAGR from 2021 to 2030) |
| Largest segment | Gray |
| Fastest growing segment | Malleable |
| 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, Germany accounted for 4.3% 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 Europe, Germany iron casting market is projected to lead the regional market in terms of revenue in 2030.
- Turkey is the fastest growing regional market in Europe and is projected to reach USD 4,397.0 million by 2030.
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Iron Casting Market Scope
Iron Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 64.37% in 2021. Horizon Databook has segmented the Germany iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2017 to 2030.
As of March 2022, Germany is still suffering from the negative impact of the COVID-19 pandemic and is yet to achieve the pre-pandemic level of GDP growth. The government of the country is investing heavily in the revival of its manufacturing industry, which is expected to improve the demand for iron castings over the forecast period.
Machinery & tools is a vital application segment of the iron casting market in Germany. Germany machine tool industry orders were up by 103% in 2021 compared to the previous year. The country’s imports rose by 81% in machine tool industry. Orders received by German providers were up by 57% in the first half of 2021.
Moreover, the growing investments in railway sector are anticipated to prove fruitful for iron castings in the country. For instance, in November 2021, the government of Germany announced its intention to invest considerably in rail than road.
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Our clientele includes a mix of iron casting market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany iron casting market , including forecasts for subscribers. This country databook contains high-level insights into Germany iron casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Germany iron casting market size, by product, 2017-2030 (US$M)
Germany Iron Casting Market Outlook Share, 2021 & 2030 (US$M)
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