South Africa Iron Casting Market Size & Outlook, 2021-2030
South Africa iron casting market, 2017-2030 (US$M)
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South Africa iron casting market highlights
- The South Africa iron casting market generated a revenue of USD 474.8 million in 2021 and is expected to reach USD 692.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.3% 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 474.8 million |
| Market revenue in 2030 | USD 692.5 million |
| Growth rate | 4.3% (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, South Africa accounted for 0.5% 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 Middle East & Africa, South Africa iron casting market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 692.5 million by 2030.
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Iron Casting Market Scope
Iron Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 65.48% in 2021. Horizon Databook has segmented the South Africa iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2017 to 2030.
South Africa’s economy suffered a contraction of 6.4% in 2020. However, the country’s GDP expanded by 4.9% in 2021. The country’s industrial growth rate is expected to be sluggish in 2022 owing to political turmoil, power shortage, rising input cost, and low vaccination, which has resulted in a decline of industrial production in Q3 2021.
The project consists of 12 wind farms and 13 photovoltaic plants, which are worth USD 2.8 billion. The project is anticipated to be completed by 2025. The country is investing to construct a new rail corridor.
For instance, in August 2021, Daimler Trucks AG announced to acquire Ukuvela Holdings and its subsidiaries, namely Atlantis Foundries Pty and Ukuvela Properties Pty. Ltd. The proposed acquisition is anticipated to help Daimler Trucks AG fulfill its automotive cast components demand.
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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 South Africa iron casting market , including forecasts for subscribers. This country databook contains high-level insights into South Africa iron casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa iron casting market size, by product, 2017-2030 (US$M)
South Africa Iron Casting Market Outlook Share, 2021 & 2030 (US$M)
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