Global Steel Casting Market Size,Growth Rate,Industry Opportunities 2025-2031

On 2025-1-26, the latest report 【Global Steel Casting Market 2025 by Manufacturers, Regions, Types and Applications, Forecast to 2031】from Global Info Research provides a detailed and comprehensive analysis of the global Steel Casting market. The report provides both quantitative and qualitative analysis by manufacturers, regions and countries, types and applications. As the market is constantly changing, this report explores market competition, supply and demand trends, and key factors that are causing many market demand changes. The report also provides company profiles and product examples of some of the competitors, as well as market share estimates for some of the leading players in 2025.

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According to our (Global Info Research) latest study, the global Steel Casting market size was valued at US$ 77990 million in 2024 and is forecast to a readjusted size of USD 92770 million by 2031 with a CAGR of 2.5% during review period.

A steel casting is a metal component that is formed by pouring molten steel into a mold cavity. The liquefied steel then cools and solidifies within the mold cavity. By catering the shape of the mold, and hence the casting, to perfectly fit specifications. The casting process of steel can be difficult. It is less fluid than other metals and more reactive to mold materials. Steel castings are used for a variety of reasons. They are mainly used when other types of cast irons do not have enough strength or shock resistance. Steel's physical properties allow the castings to be both strong and ductile. This makes the steel casting extremely tough and limits the chances of fracturing under pressure. Steel castings are also utilized due to their weldability and corrosion resistance. Due to its reliability and strength, numerous industries rely on steel castings. Industries that use steel castings range from food processing and electronics to oil and gas. Some specific industries that use this type of casting include the railroad, construction, drilling, transportation, and mining industries. Examples of items that are steel casting gears, valve bodies, pump casings, mining machinery, marine equipment, engine cylinder blocker, forging presses, and railroad truck frames.

Global key players of Steel Casting include Precision Castparts, Hitachi, Kobe Steel, Doosan Enerbility, ME Elecmetal, etc. The top five players hold a share about 7%. China is the world's largest market for Steel Casting and holds a share about 29%, followed by APAC (excluding China) and North America, with share about 25% and 24%, separately. In terms of product type, Carbon Steel Casting is the largest segment, accounting for a share about 47%. In terms of application, Rail and Transit is the largest field with a share about 27 percent.

This report is a detailed and comprehensive analysis for global Steel Casting market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approval.

Steel Casting market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type： Carbon Steel Casting、Low-Alloy Steel Casting、High Alloy Steel Casting

Market segment by Application：Power Generation、Rail and Transit、Mining、Construction Machinery、Oil and Gas、Aerospace and Defense、Shipbuilding、Others

Major players covered：Precision Castparts、Hitachi、Doosan Enerbility、Kobe Steel、ME Elecmetal、Amsted Rail、Signicast (Form Technologies Company)、MetalTek International、Anhui Yingliu、Harrison Steel Casting、Peekay Steel Castings、Impro Precision、Liaoning Fuan Heavy Industry、Tycon Alloy Industries、Japan Steel Works、Amsteel Castings、Isgec Heavy Engineering

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Steel Casting product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Steel Casting, with price, sales quantity, revenue, and global market share of Steel Casting from 2020 to 2025.

Chapter 3, the Steel Casting competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Steel Casting breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment Steel Casting the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the Steel Casting sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2024.and Steel Casting market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Steel Casting.

Chapter 14 and 15, to describe Steel Casting sales channel, distributors, customers, research findings and conclusion.

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Steel Casting

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

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This release was published on openPR.