Russia Iron Casting Market Size & Outlook, 2021-2030
Russia iron casting market, 2017-2030 (US$M)
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Russia iron casting market highlights
- The Russia iron casting market generated a revenue of USD 2,562.7 million in 2021 and is expected to reach USD 3,514.0 million by 2030.
- The Russia market is expected to grow at a CAGR of 3.6% 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 2,562.7 million |
| Market revenue in 2030 | USD 3,514.0 million |
| Growth rate | 3.6% (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, Russia accounted for 2.5% 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 |
|---|
Russia 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 66.41% in 2021. Horizon Databook has segmented the Russia iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2017 to 2030.
The Russian economy plunged by 3% in 2020 owing to the COVID-19 pandemic, and its economy registered a growth rate of 4.7% in 2021. However, in 2022, the economic growth of the country is likely to plunge owing to the new sanction applied by the western countries.
In October 2021, the Russian government resumed its ambitious railway project. The project is going to connect ports of the Pacific and Indian oceans with the North Sea route. The project cost is estimated to be USD 65 billion. The project is expected to get completed by 2025.
These kinds of projects are anticipated to propel the demand for iron castings in the country. As the demand for iron castings, many key market players in the industry are investing in the expansion of their facilities.
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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 Russia iron casting market , including forecasts for subscribers. This country databook contains high-level insights into Russia iron casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Russia iron casting market size, by product, 2017-2030 (US$M)
Russia Iron Casting Market Outlook Share, 2021 & 2030 (US$M)
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