+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

North America Iron Casting Market Size, Share & Trends Analysis Report By Product (Gray Cast Iron, Ductile Cast Iron), By Application (Automotive, Railways), By Region, And Segment Forecasts, 2023 - 2030

  • PDF Icon

    Report

  • 92 Pages
  • May 2023
  • Region: North America
  • Grand View Research
  • ID: 5734479
The North America iron casting market size is expected to reach USD 24.89 billion by 2030, expanding at a CAGR of 5.6% from 2023 to 2030. The increasing number of projects related to sanitization, sewage, and wastewater treatment being carried out in North America is expected to fuel the growth of iron casting in the region in the coming years.

For instance, in July 2022, the governments of Canada and Nunavut announced an investment for the development of wastewater and water treatment plants in Nunavut. The Government of Canada is anticipated to invest approximately CAD 2.7 million (~USD 1.96 million) and the Government of Nunavut is providing approximately CAD 925,000 (~USD 671,082) for the development of these plants.

Based on product, the market is segmented into gray, ductile, and malleable. Ductile cast iron, also known as nodular iron or spherical graphite iron, has a composition similar to gray with graphite particles precipitated in spherical form rather than in the flake form. Unlike graphite flakes, there is no crack-like network created by the spherical graphite particles, which results in higher toughness and strength of ductile compared to gray cast iron.

Based on application, power generation is anticipated to register a growth rate of 6.4%, in terms of revenue, over the forecast period. Growing investments in renewable energy for power generation are anticipated to augment the demand for iron castings in the segment. For instance, in October 2021, the U. S. government decided to invest in expanding offshore wind energy. The wind farm is part of the government’s plan to generate 30 gigawatts of wind power by 2030.

The North America iron casting market is highly competitive in nature. Mergers & acquisitions and capacity expansions are the key strategic initiatives adopted by the major players of the industry to stay ahead of the competition. For instance, in July 2022, Charlotte Pipe and Foundry Co acquired Neenah Enterprises Inc. The acquisition is expected to help Charlotte Pipe and Foundry Co to form a wide-ranging network of production and distribution of iron castings for infrastructure and construction projects.

North America Iron Casting Market Report Highlights

  • Based on product, gray cast iron accounted for a volume share of over 62.0% in 2022 of the overall market. It is a commonly used material for developing products in various applications such as automotive, machinery & tools, and pipes, owing to its high compressive strength, and good damping capacity.
  • Based on application, the pipes and fittings segment is expected to expand at a CAGR of 5.5%, in terms of revenue, from 2023 to 2030. Rising investments in various countries towards upgradation in infrastructure related to sanitization, sewage, and wastewater treatment are propelling segment growth.
  • The railways segment is expected to register a CAGR of automotive 6.5% in terms of revenue across the forecast period. Iron castings find use in bearing adapters, rail tracks, suspensions, track connection plates, etc. Rising investments in the industry are anticipated to further augment segment growth over the coming years.
  • Based on region, the U. S. is expected to register a CAGR of 4.6%, in terms of volume, over the forecast period. Increasing investment in the construction & infrastructure industry and rising demand for renewables are driving the market growth.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Information Analysis
1.3.2. Market Formulation & Data Visualization
1.3.3. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. North America Iron Casting Market - Executive Summary
2.1. Market Snapshot
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. North America Steel Casting Market
3.1. North America Steel Casting Market, 2018 - 2030 (USD Million) (Kilotons)
Chapter 4. North America Iron Casting Market Variables, Trends, and Scope
4.1. Market Lineage Outlook
4.1.1. Global Iron Casting Market Outlook
4.2. Penetration & Growth Prospect Mapping
4.3. Value Chain Analysis
4.3.1. Raw Material Trends
4.3.2. Manufacturing Process
4.3.3. Sales Channel Analysis
4.4. Regulatory Framework
4.5. Market Dynamics
4.5.1. Market Driver Analysis
4.5.2. Market Restraint Analysis
4.5.3. Industry Challenges
4.6. Porter’s Five Forces Analysis
4.6.1. Bargaining Power of Suppliers
4.6.2. Bargaining Power of Buyers
4.6.3. Threat of Substitution
4.6.4. Threat of New Entrants
4.6.5. Competitive Rivalry
4.7. PESTEL Analysis
4.7.1. Political
4.7.2. Economic
4.7.3. Social Landscape
4.7.4. Technology
4.7.5. Environmental
4.7.6. Legal
Chapter 5. North America Iron Casting Market: Product Outlook Estimates & Forecasts
5.1. North America Iron Casting Market: Product Movement Analysis, 2022 & 2030
5.2. Gray Cast Iron
5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
5.3. Ductile Cast Iron
5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
5.4. Malleable Cast Iron
5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. North America Iron Casting Market: Application Outlook Estimates & Forecasts
6.1. North America Iron Casting Market: Application Movement Analysis, 2022 & 2030
6.2. Automotive
6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
6.3. Machinery & Tools
6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
6.4. Pipes & Fittings
6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
6.5. Railways
6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
6.6. Power Generation
6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
6.7. Others
6.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. North America Iron Casting Market Regional Outlook Estimates & Forecasts
7.1. Regional Snapshot, 2022 & 2030
7.2. North America Iron Casting Market: Regional Movement Analysis, 2022 & 2030
7.3. North America
7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
7.3.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.3.4. U.S.
7.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.3.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
7.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.3.5. Canada
7.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.3.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
7.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
7.3.6. Mexico
7.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
7.3.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
7.3.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Chapter 8. North America Iron Casting Market - Supplier Portfolio Analysis
8.1. Supplier Portfolio Analysis
8.2. Sourcing Best Practices
8.3. List of Raw Material Suppliers, Distributors, and Other Prominent Manufacturers
8.4. Raw Material Trends
Chapter 9. North America Iron Casting Market - Competitive Landscape
9.1. Recent Developments & Impact Analysis, By Key Market Participants
9.2. Company Categorization
9.3. Company Ranking
9.4. Heat Map Analysis
9.5. Vendor Landscape
9.5.1. List of prospective end-users
9.6. Strategy Mapping
9.7. Company Profiles/Listing
9.7.1. Alloy Castings Industries Ltd.
9.7.1.1. Company Overview
9.7.1.2. Product Benchmarking
9.7.2. Cadillac Casting Inc.
9.7.2.1. Company Overview
9.7.2.2. Product Benchmarking
9.7.3. CALMET
9.7.3.1. Company Overview
9.7.3.2. Product Benchmarking
9.7.4. Decatur Foundry
9.7.4.1. Company Overview
9.7.4.2. Product Benchmarking
9.7.5. Fusium
9.7.5.1. Company Overview
9.7.5.2. Product Benchmarking
9.7.6. GREDE
9.7.6.1. Company Overview
9.7.6.2. Product Benchmarking
9.7.7. Groupo Industrial Saltillo (GIS)
9.7.7.1. Company Overview
9.7.7.2. Financial Performance
9.7.7.3. Product Benchmarking
9.7.8. Hitachi Metals, Ltd
9.7.8.1. Company Overview
9.7.8.2. Financial Performance
9.7.8.3. Product Benchmarking
9.7.9. Lemfco, Inc,
9.7.9.1. Company Overview
9.7.9.2. Product Benchmarking
9.7.10. Metal Technologies, Inc
9.7.10.1. Company Overview
9.7.10.2. Product Benchmarking
9.7.11. Neenah Foundry
9.7.11.1. Company Overview
9.7.11.2. Product Benchmarking
9.7.12. OSCO Industries, Inc.
9.7.12.1. Company Overview
9.7.12.2. Product Benchmarking
9.7.13. US Castings
9.7.13.1. Company Overview
9.7.13.2. Product Benchmarking
9.7.14. WAUPACA FOUNDRY, INC
9.7.14.1. Company Overview
9.7.14.2. Product Benchmarking
9.7.15. American Castings
9.7.15.1. Company Overview
9.7.15.2. Product Benchmarking
9.7.16. The C.A. Lawton Company
9.7.16.1. Company Overview
9.7.16.2. Product Benchmarking
9.7.17. Faircast Inc.
9.7.17.1. Company Overview
9.7.17.2. Product Benchmarking
9.7.18. East Jordan
9.7.18.1. Company Overview
9.7.18.2. Product Benchmarking
9.7.19. Golden’s Foundry and Machine
9.7.19.1. Company Overview
9.7.19.2. Product Benchmarking
9.7.20. Kirsch Foundry Inc.
9.7.20.1. Company Overview
9.7.20.2. Product Benchmarking
9.7.21. R.H. Sheppard Co. Inc.
9.7.21.1. Company Overview
9.7.21.2. Product Benchmarking
9.7.22. BCI Solutions
9.7.22.1. Company Overview
9.7.22.2. Product Benchmarking
List of Tables
Table 1 North America iron casting market estimates and forecasts, by gray cast iron, 2018 - 2030 (USD Million) (Kilotons)
TABLE 2 North America iron casting market estimates and forecasts, by ductile cast iron, 2018 - 2030 (USD Million) (Kilotons)
TABLE 3 North America iron casting market estimates and forecasts, by malleable cast iron, 2018 - 2030 (USD Million) (Kilotons)
TABLE 4 North America iron casting market estimates and forecasts, by automotive, 2018 - 2030 (USD Million) (Kilotons)
TABLE 5 North America iron casting market estimates and forecasts, by machinery & tools, 2018 - 2030 (USD Million) (Kilotons)
TABLE 6 North America iron casting market estimates and forecasts, by pipes & fittings, 2018 - 2030 (USD Million) (Kilotons)
TABLE 7 North America iron casting market estimates and forecasts, by railways, 2018 - 2030 (USD Million) (Kilotons)
TABLE 8 North America iron casting market estimates and forecasts, by power generation, 2018 - 2030 (USD Million) (Kilotons)
TABLE 9 North America iron casting market estimates and forecasts, by other applications, 2018 - 2030 (USD Million) (Kilotons)
TABLE 10 North America iron casting market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
TABLE 11 North America iron casting market estimates and forecasts, by product, 2018- 2030 (USD Million)
TABLE 12 North America iron casting market estimates and forecasts, by product, 2018- 2030 (Kilotons)
TABLE 13 North America iron casting market estimates and forecasts, by application, 2018- 2030 (USD Million)
TABLE 14 North America iron casting market estimates and forecasts, by application, 2018- 2030 (Kilotons)
TABLE 15 U.S. iron casting market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
TABLE 16 U.S. iron casting market estimates and forecasts, by product, 2018 - 2030 (USD Million)
TABLE 17 U.S. iron casting market estimates and forecasts, by product, 2018 - 2030) (Kilotons)
TABLE 18 U.S. iron casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
TABLE 19 U.S. iron casting market estimates and forecasts, by application 2018 - 2030) (Kilotons)
TABLE 20 Canada iron casting market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
TABLE 21 Canada North America iron casting market estimates and forecasts, by product, 2018 - 2030 (USD Million)
TABLE 22 Canada iron casting market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
TABLE 23 Canada iron casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
TABLE 24 Canada iron casting market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
TABLE 25 Mexico iron casting market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
TABLE 26 Mexico iron casting market estimates and forecasts, by product, 2018 - 2030 (USD Million)
TABLE 27 Mexico iron casting market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
TABLE 28 Mexico iron casting market estimates and forecasts, by application, 2018 - 2030 (USD Million)
TABLE 29 Mexico iron casting market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
List of Figures
Fig. 1 Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation and Validation
Fig. 5 Data Validation & Publishing
Fig. 6 Market snapshot
Fig. 7 Segmental outlook - Product & Application
Fig. 8 Competitive Outlook
Fig. 9 North America Steel Casting Market Outlook, 2018 - 2030 (USD Million) (Kilotons)
Fig. 10 Global Iron Casting Market Outlook, 2018 - 2030 (USD Million) (Kilotons)
Fig. 11 Penetration & Growth Prospect Mapping - By application
Fig. 12 Value Chain Analysis
Fig. 13 Porter’s analysis
Fig. 14 PESTEL analysis
Fig. 15 North America Iron Casting Market, By Product: Key Takeaways
Fig. 16 North America Iron Casting Market, By Product: Market Share, 2022 & 2030
Fig. 17 North America Iron Casting Market, By Application: Key Takeaways
Fig. 18 North America Iron Casting Market, By Application: Market Share, 2022 & 2030
Fig. 19 North America Iron Casting Market: Regional Analysis, 2022 & 2030
Fig. 20 North America Iron Casting Market, By Region: Key Takeaways

Companies Mentioned

  • Alloy Castings Industries Ltd.
  • Cadillac Casting Inc.
  • CALMET
  • Decatur Foundry
  • Fusium
  • GREDE
  • Groupo Industrial Saltillo (GIS)
  • Hitachi Metals, Ltd
  • Lemfco, Inc,
  • Metal Technologies, Inc
  • Neenah Foundry
  • OSCO Industries, Inc.
  • US Castings
  • WAUPACA FOUNDRY, INC
  • American Castings
  • The C.A. Lawton Company
  • Faircast Inc.
  • East Jordan
  • Golden’s Foundry and Machine
  • Kirsch Foundry Inc.
  • R.H. Sheppard Co. Inc.
  • BCI Solutions

Methodology

Loading
LOADING...

Table Information