Italy Iron Casting Market Size & Outlook, 2021-2030
Italy iron casting market, 2017-2030 (US$M)
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Italy iron casting market highlights
- The Italy iron casting market generated a revenue of USD 1,132.2 million in 2021 and is expected to reach USD 1,592.3 million by 2030.
- The Italy market is expected to grow at a CAGR of 3.9% 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 1,132.2 million |
| Market revenue in 2030 | USD 1,592.3 million |
| Growth rate | 3.9% (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, Italy accounted for 1.1% 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 |
|---|
Italy 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 64.41% in 2021. Horizon Databook has segmented the Italy iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2017 to 2030.
Italy’s GDP growth rate plunged by 8.9% in 2020 owing to the impact of the COVID-19 pandemic. The country registered a GDP growth rate of 6.5% in 2021, however, it is yet to reach the pre-pandemic levels. The government of the country is focusing on propelling economic growth, which is expected to augment the growth of iron castings over the forecast period.
In November 2021, the Italian government came up with a new recovery and resilience plan to foster economic growth by 1.5% to 2.5% by 2026. The government is expected to invest in the construction of public buildings, renewable energy, and waste & water management.
This plan is anticipated to positively influence the consumption of iron castings in the country over the forecast period. Investment of this kind is expected to propel the use of iron casting products over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy iron casting market , including forecasts for subscribers. This country databook contains high-level insights into Italy iron casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Italy iron casting market size, by product, 2017-2030 (US$M)
Italy Iron Casting Market Outlook Share, 2021 & 2030 (US$M)
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