UK Iron Casting Market Size & Outlook, 2021-2030
UK iron casting market, 2017-2030 (US$M)
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UK iron casting market highlights
- The UK iron casting market generated a revenue of USD 279.7 million in 2021 and is expected to reach USD 458.6 million by 2030.
- The UK market is expected to grow at a CAGR of 5.6% from 2022 to 2030.
- In terms of segment, gray was the largest revenue generating product in 2021.
- Malleable 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 279.7 million |
| Market revenue in 2030 | USD 458.6 million |
| Growth rate | 5.6% (CAGR from 2021 to 2030) |
| Largest segment | Gray |
| Fastest growing segment | Malleable |
| 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, UK accounted for 0.3% 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 |
|---|
UK 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 65.46% in 2021. Horizon Databook has segmented the UK iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2017 to 2030.
The COVID-19 pandemic plunged the growth of manufacturing operations in the country, which affected the sales and production of iron castings in the country in 2020. However, the government is trying to propel manufacturing operations by providing incentives and relief packages to various industries including construction, automotive, defense & aerospace, railways, and water systems, which is anticipated to increase the demand for iron castings in the country.
The UK government is planning to improve rail connectivity across the country. In 2021, the government allocated USD 48.11 billion to enhance railway connectivity in the country over three years and has committed USD 7.83 billion to 8 city regions such as Greater Manchester, Liverpool city region, West Yorkshire, and Tees Valley, which are outside of London, in over 5 years.
This type of investment in railway sector is anticipated to propel the demand for iron castings in the country. Owing to the increasing demand for machinery & tools, key players in automotive industry have invested in the setup of new casting manufacturing plants.
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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 UK iron casting market , including forecasts for subscribers. This country databook contains high-level insights into UK iron casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK iron casting market size, by product, 2017-2030 (US$M)
UK Iron Casting Market Outlook Share, 2021 & 2030 (US$M)
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