Steel Casting Market Report and Forecast 2025-2034

The global steel casting market is projected to grow at a CAGR of 5.00% during 2025-2034.

The high design flexibility that steel casting offers provide end-users the freedom to choose the application-based casting shape and size. Steel casting also provides metallurgical versatility and enhanced weldability and high-temperature workability. The products of steel casting are more reliable than other castings of metal. The decreased shipping time and increased steel casting productivity is expected to propel the steel casting market forward. These superior steel casting characteristics will increase their demand for multiple applications in the end-user sectors and thus increase the development of the market.

Market Segmentation

Steel casting is a specialized type of casting integrating different steel forms. Steel casting is used when cast iron is unable to provide sufficient power or resistance to shock.

The steel casting market can be divided on the basis of application into:

• Mining
• Power
• Oil and Gas
• Others

Looks into the regional markets of steel casting like:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Market Analysis

The combination of automated robots and computer numerical tools in casting machines enable the production of high-quality, reliable, and accurate casting products. The implementation of automated casting equipment will also increase with the rising demand for improved productivity in the manufacturing sectors, including the automotive industries. Thus, aiding the growth of the steel casting market. One of the critical market trends for steel casting will be the introduction of automation in the die-casting method, which will have a beneficial effect on the market growth.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global steel casting market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Precision Castparts Corp. (Berkshire Hathaway Inc.) (NYSE: BRK.A)
• Hitachi Metals Ltd.
• Japan Casting & Forging Corp.
• Kobe Steel Ltd.
• Peekay Steel Castings Pvt. Ltd.
• Others

The report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.