North America Iron Casting Market Size & Outlook
North America iron casting market, 2017-2030 (US$M)
Related Markets
North America iron casting market highlights
- The North America iron casting market generated a revenue of USD 15,399.1 million in 2021.
- The market is expected to grow at a CAGR of 5.5% 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, U.S. is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 15,399.1 million |
| Market revenue in 2030 | USD 24,887.6 million |
| Growth rate | 5.5% (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, North America region accounted for 15.2% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Iron Casting Market Scope
Iron Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 60.75% in 2021. Horizon Databook has segmented the North America iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2017 to 2030.
North America is one of the key regional markets for iron castings. The region’s GDP growth rate plunged by 3.5% in 2020 owing to the COVID-19 pandemic. However, the GDP of the region reached the pre-pandemic level in December 2021.
In June 2020, the Mexican government started construction of the Mayan Train project. In this project, the government is expected to build a 1,525 km-long railway line across the country. It is a priority project for the government for freight and passenger transportation.
The first phase of the project is expected to finish by 2023. Such projects are anticipated to propel the use of iron castings in the region over the coming years. The U.S. is trying to reduce carbon emissions and to achieve this, the country is investing in renewable energy.
Reasons to subscribe to North America iron casting market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of North America iron casting market databook
-
Our clientele includes a mix of iron casting market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America iron casting market , including forecasts for subscribers. This continent databook contains high-level insights into North America iron casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America iron casting market size, by country, 2017-2030 (US$M)
North America Iron Casting Market Outlook Share, 2021 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
