Japan Iron Casting Market Size & Outlook, 2021-2030
Japan iron casting market, 2017-2030 (US$M)
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Japan iron casting market highlights
- The Japan iron casting market generated a revenue of USD 3,759.9 million in 2021 and is expected to reach USD 6,003.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.3% 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 3,759.9 million |
| Market revenue in 2030 | USD 6,003.8 million |
| Growth rate | 5.3% (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, Japan accounted for 3.7% 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 |
|---|
Japan 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 64.89% in 2021. Horizon Databook has segmented the Japan iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2017 to 2030.
The Japanese economy contracted by 4.5% in 2020 owing to the COVID-19 pandemic but in 2021, the country registered a GDP growth of 1.7%. This growth is driven by the development of infrastructure, electrical goods, and construction industries.
This is anticipated to benefit iron castings consumption in the country over the coming years. Japan has shifted its focus toward renewable energies to reduce its dependence on fossil fuels and reduce carbon emissions.
To achieve this target, renewable energy industry in the country is anticipated to witness investments, which is expected to propel iron castings demand over the coming years. Expansion in machinery & tools industry in the country is another vital driver for the market.
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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 Japan iron casting market , including forecasts for subscribers. This country databook contains high-level insights into Japan iron casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan iron casting market size, by product, 2017-2030 (US$M)
Japan Iron Casting Market Outlook Share, 2021 & 2030 (US$M)
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