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NEW YORK , Sept. 27, 2022 /PRNewswire/ -- The steel casting market size is expected to grow by 3274.74 thousand MTPA between 2021 and 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 4.19% during the forecast period, according to Technavio's latest market report estimates. The growing construction activities are driving the steel casting market growth. However, factors such as environmental concerns related to the casting industry may challenge the market growth.
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Steel Casting Market 2022-2026:Vendor Analysis and Scope
To help businesses improve their market position, Technavio's report has provided a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the steel casting market include ArcelorMittal SA, Columbia Steel Casting Co Inc, Dandong Fuding Engineering Machinery Co. Ltd., Doosan Corp., Ferralloy Inc., Fortune Foundries Pvt. Ltd, Fundiciones Del Estanda SA, Goodwin Steel Castings Ltd., Harrison Steel Castings Co., Hitachi Ltd., Hyundai Steel Co., Isgec Heavy Engineering Ltd., Japan Steel Works M and E Co Ltd, Maynard Steel Casting Co., Kobe Steel Ltd., Nucor Corp., Milwaukee Precision Casting Inc., SIGMA Engineered Solutions, Peekay Steel Castings Pvt Ltd, and Stainless Foundry and Engineering Inc. The key offerings of some of these vendors are listed below:
The report also covers the following areas:
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Steel Casting Market 2022-2026: Segmentation
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report
Steel Casting Market 2022-2026: Revenue-generating Application Segment
The automotive and transportation segment will be the largest contributor to market growth during the forecast period. The demand for manufacturing aircraft components and turbine engine parts is expected to increase. Hence, the steel casting market is expected to experience significant growth in the automotive and transportation segment during the forecast period.
Steel Casting Market 2022-2026: Key Highlights
Steel Wire Market by End-user and Geography - Forecast and Analysis 2022-2026: The steel wire market share is expected to increase by USD 570 million from 2021 to 2026.
Heat Treated Steel Plates Market by End-user by Volume and Geography - Forecast and Analysis 2022-2026: The heat treated steel plates market share is expected to increase by 18120.00 thousand tons from 2021 to 2026.
Accelerate at a CAGR of 4.19%
APAC, North America, Europe, Middle East and Africa, and South America
US, Canada, China, India, Germany, and Italy
Leading companies, competitive strategies, consumer engagement scope
ArcelorMittal SA, Columbia Steel Casting Co Inc, Dandong Fuding Engineering Machinery Co. Ltd., Doosan Corp., Ferralloy Inc., Fortune Foundries Pvt. Ltd, Fundiciones Del Estanda SA, Goodwin Steel Castings Ltd., Harrison Steel Castings Co., Hitachi Ltd., Hyundai Steel Co., Isgec Heavy Engineering Ltd., Japan Steel Works M and E Co Ltd, Kobe Steel Ltd., Maynard Steel Casting Co., Milwaukee Precision Casting Inc., Nucor Corp., Peekay Steel Castings Pvt Ltd, SIGMA Engineered Solutions, and Stainless Foundry and Engineering Inc
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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