Global Heavy Steel Casting Market Growth 2024-2030
Large steel castings generally refer to a large metal product with a gross weight of more than 5 tons per piece. They are produced through steel casting processes and play an important role in various industrial fields. It has the characteristics of strong load-bearing capacity, high corrosion resistance, high strength and durability. It is usually used in situations that need to withstand large loads and harsh working environments, such as mining machinery, chemical industry, building structures, ships, boilers and other fields. At the same time, it also has the limitation that the production process is more complex and requires higher production costs.
The global Heavy Steel Casting market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of % from 2024 to 2030.
ReportPrime's newest research report, the “Heavy Steel Casting Industry Forecast” looks at past sales and reviews total world Heavy Steel Casting sales in 2023, providing a comprehensive analysis by region and market sector of projected Heavy Steel Casting sales for 2024 through 2030. With Heavy Steel Casting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Heavy Steel Casting industry.
This Insight Report provides a comprehensive analysis of the global Heavy Steel Casting landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Heavy Steel Casting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Heavy Steel Casting market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Heavy Steel Casting and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Heavy Steel Casting.
United States market for Heavy Steel Casting is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
China market for Heavy Steel Casting is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Europe market for Heavy Steel Casting is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Global key Heavy Steel Casting players cover:
- NIPPON CHUZO
- Doosan Corporation
- KOBE STEEL
- Nippon Chuzo K.K.
- China First Heavy Industries
In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.
This report presents a comprehensive overview, market shares, and growth opportunities of Heavy Steel Casting market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
- Carbon Steel Castings
- Low Alloy Steel Castings
- High Alloy Steel Castings
Segmentation by Application:
- Metallurgy
- Building Materials
- Shipbuilding
- Chemical
- Electricity/Nuclear Power
- Mining Machinery
- Others
This report also splits the market by region:
- Americas
- United States
- Canada
- Mexico
- Brazil
- APAC
- China
- Japan
- Korea
- Southeast Asia
- India
- Australia
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Middle East & Africa
- Egypt
- South Africa
- Israel
- Turkey
- GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
- NIPPON CHUZO
- Doosan Corporation
- KOBE STEEL
- Nippon Chuzo K.K.
- China First Heavy Industries
- China National Erzhong Group
- CITIC Heavy Industries
- Dalian Huarui Heavy Industry
- Baowu Steel Group
- Liaoning Fu-An Heavy
- Shanghai Electric
- KOCEL
- Precision Castparts
- MetalTek International
- Isgec Heavy Engineering
- AMSTEEL
- Amsted Rail
- Harrison Steel Casting
- Shisteel Company
- Tengfei Cast Steel
- Great Wall Casting
- Sheffield Forgemasters
- WHEMCO
- Silbitz Group
- Heavy Engineering Corporation
Key Questions Addressed in this Report:
- What is the 10-year outlook for the global Heavy Steel Casting market?
- What factors are driving Heavy Steel Casting market growth, globally and by region?
- Which technologies are poised for the fastest growth by market and region?
- How do Heavy Steel Casting market opportunities vary by end market size?
- How does Heavy Steel Casting break out by Type, by Application?
Frequently Asked Questions
- Global Market Players
- Geopolitical regions
- Consumer Insights
- Technological advancement
- Historic and Future Analysis of the Market