Turkey Iron Casting Market Size & Outlook, 2021-2030
Turkey iron casting market, 2017-2030 (US$M)
Related Markets
Turkey iron casting market highlights
- The Turkey iron casting market generated a revenue of USD 2,573.7 million in 2021 and is expected to reach USD 4,397.0 million by 2030.
- The Turkey market is expected to grow at a CAGR of 6.1% 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 2,573.7 million |
| Market revenue in 2030 | USD 4,397.0 million |
| Growth rate | 6.1% (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, Turkey 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.
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 |
|---|
Turkey 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 65.24% in 2021. Horizon Databook has segmented the Turkey iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2017 to 2030.
The Turkish economy grew by 1.8% in 2020. Turkey was one of the few countries which avoided the contraction due to the pandemic. In 2021, the Turkish economy registered an 11% year-on-year growth. The government is trying to maintain its growth by investing heavily in various industries such as infrastructure, energy, railways, and construction.
The country is trying to improve its railway connectivity. In June 2021, the Turkish government announced that they are aiming to build 16,775 kilometers long railway tracks in the country and its construction is expected to complete by 2023.
These kinds of decisions will boost the usage of iron casting over the forecast period. Turkey government to finance its project Infrastructure for Tomorrow (i4t). This project involves the construction of double track electrified high-speed railway between Ispartakul and Cerkezkoy.
Reasons to subscribe to Turkey 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 Turkey 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 country-level data and insights on the Turkey iron casting market , including forecasts for subscribers. This country databook contains high-level insights into Turkey iron casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Turkey iron casting market size, by product, 2017-2030 (US$M)
Turkey 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
