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Industrial Casting Market in the US 2024-2028

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    Report

  • 130 Pages
  • August 2024
  • Region: United States
  • TechNavio
  • ID: 5316704
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The industrial casting market in us is forecasted to grow by USD 4.47 billion during 2023-2028, accelerating at a CAGR of 4.69% during the forecast period. The report on the industrial casting market in us provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand from automotive industry, increased use of simulation-based castings, and increased demand for iron casting from renewable energy sector.

The industrial casting market in us is segmented as below:

By Type

  • Non ferrous
  • Ferrous

By End-user

  • Machinery
  • Automotive
  • Electrical and electronics
  • Others

By Geographical Landscape

  • North America
This study identifies the shift from ferrous to non ferrous castings as one of the prime reasons driving the industrial casting market in us growth during the next few years. Also, increasing use of lightweight materials, especially aluminum, in various end-user industries and rise in technological advancements will lead to sizable demand in the market.

The report on the industrial casting market in us covers the following areas:

  • Industrial casting market in us sizing
  • Industrial casting market in us forecast
  • Industrial casting market in us industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial casting market in us vendors that include Alcoa Corp., Aludyne Inc., Andritz AG, Charlotte Pipe and Foundry Co., D.W. Clark, EJ Group Inc., Georg Fischer Ltd., Great Lakes Castings LLC, Grupo Industrial Saltillo SAB de CV, Impro Precision Industries Ltd., KSB SE and Co. KGaA, Meridian Lightweight Technologies Inc., MetalTek International, Neenah Enterprises Inc., OSCO Industries Inc., Pace Industries, Precision Castparts Corp., Sivyer Steel Castings LLC, Sujan Industries, and The Weir Group Plc. Also, the industrial casting market in us analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ billion)
Data Table on US - Market size and forecast 2023-2028 ($ billion)
Chart on US: Year-over-year growth 2023-2028 (%)
Data Table on US: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Industrial Casting Market in US 2018 - 2022
Historic Market Size - Data Table on Industrial Casting Market in US 2018 - 2022 ($ billion)
4.2 Type segment analysis 2018 - 2022
Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.3 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
6.1 Market segments
Chart on Type - Market share 2023-2028 (%)
Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
6.3 Non ferrous - Market size and forecast 2023-2028
Chart on Non ferrous - Market size and forecast 2023-2028 ($ billion)
Data Table on Non ferrous - Market size and forecast 2023-2028 ($ billion)
Chart on Non ferrous - Year-over-year growth 2023-2028 (%)
Data Table on Non ferrous - Year-over-year growth 2023-2028 (%)
6.4 Ferrous - Market size and forecast 2023-2028
Chart on Ferrous - Market size and forecast 2023-2028 ($ billion)
Data Table on Ferrous - Market size and forecast 2023-2028 ($ billion)
Chart on Ferrous - Year-over-year growth 2023-2028 (%)
Data Table on Ferrous - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
Market opportunity by Type ($ billion)
Data Table on Market opportunity by Type ($ billion)
7 Market Segmentation by End-user
7.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
7.3 Machinery - Market size and forecast 2023-2028
Chart on Machinery - Market size and forecast 2023-2028 ($ billion)
Data Table on Machinery - Market size and forecast 2023-2028 ($ billion)
Chart on Machinery - Year-over-year growth 2023-2028 (%)
Data Table on Machinery - Year-over-year growth 2023-2028 (%)
7.4 Automotive - Market size and forecast 2023-2028
Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
Chart on Automotive - Year-over-year growth 2023-2028 (%)
Data Table on Automotive - Year-over-year growth 2023-2028 (%)
7.5 Electrical and electronics - Market size and forecast 2023-2028
Chart on Electrical and electronics - Market size and forecast 2023-2028 ($ billion)
Data Table on Electrical and electronics - Market size and forecast 2023-2028 ($ billion)
Chart on Electrical and electronics - Year-over-year growth 2023-2028 (%)
Data Table on Electrical and electronics - Year-over-year growth 2023-2028 (%)
7.6 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ billion)
Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by End-user
Market opportunity by End-user ($ billion)
Data Table on Market opportunity by End-user ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Alcoa Corp.
Alcoa Corp. - Overview
Alcoa Corp. - Business segments
Alcoa Corp. - Key news
Alcoa Corp. - Key offerings
Alcoa Corp. - Segment focus
11.4 Charlotte Pipe and Foundry Co.
Charlotte Pipe and Foundry Co. - Overview
Charlotte Pipe and Foundry Co. - Product / Service
Charlotte Pipe and Foundry Co. - Key offerings
11.5 D.W. Clark
D.W. Clark - Overview
D.W. Clark - Product / Service
D.W. Clark - Key offerings
11.6 EJ Group Inc.
EJ Group Inc. - Overview
EJ Group Inc. - Product / Service
EJ Group Inc. - Key offerings
11.7 Georg Fischer AG
Georg Fischer AG - Overview
Georg Fischer AG - Business segments
Georg Fischer AG - Key news
Georg Fischer AG - Key offerings
Georg Fischer AG - Segment focus
11.8 Great Lakes Castings LLC
Great Lakes Castings LLC - Overview
Great Lakes Castings LLC - Product / Service
Great Lakes Castings LLC - Key offerings
11.9 Grupo Industrial Saltillo SAB de CV
Grupo Industrial Saltillo SAB de CV - Overview
Grupo Industrial Saltillo SAB de CV - Business segments
Grupo Industrial Saltillo SAB de CV - Key offerings
Grupo Industrial Saltillo SAB de CV - Segment focus
11.10 Impro Precision Industries Ltd.
Impro Precision Industries Ltd. - Overview
Impro Precision Industries Ltd. - Business segments
Impro Precision Industries Ltd. - Key offerings
Impro Precision Industries Ltd. - Segment focus
11.11 KSB SE and Co. KGaA
KSB SE and Co. KGaA - Overview
KSB SE and Co. KGaA - Business segments
KSB SE and Co. KGaA - Key offerings
KSB SE and Co. KGaA - Segment focus
11.12 Meridian Lightweight Technologies Inc.
Meridian Lightweight Technologies Inc. - Overview
Meridian Lightweight Technologies Inc. - Product / Service
Meridian Lightweight Technologies Inc. - Key offerings
11.13 MetalTek International
MetalTek International - Overview
MetalTek International - Product / Service
MetalTek International - Key offerings
11.14 Neenah Enterprises Inc.
Neenah Enterprises Inc. - Overview
Neenah Enterprises Inc. - Product / Service
Neenah Enterprises Inc. - Key offerings
11.15 OSCO Industries Inc.
OSCO Industries Inc. - Overview
OSCO Industries Inc. - Product / Service
OSCO Industries Inc. - Key offerings
11.16 Pace Industries
Pace Industries - Overview
Pace Industries - Product / Service
Pace Industries - Key offerings
11.17 The Weir Group Plc
The Weir Group Plc - Overview
The Weir Group Plc - Business segments
The Weir Group Plc - Key news
The Weir Group Plc - Key offerings
The Weir Group Plc - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Type
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 14: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 15: Chart on US: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on US: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Industrial Casting Market in US 2018 - 2022 ($ billion)
Exhibits 18: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
Exhibits 19: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Type - Market share 2023-2028 (%)
Exhibits 28: Data Table on Type - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Type
Exhibits 30: Data Table on Comparison by Type
Exhibits 31: Chart on Non ferrous - Market size and forecast 2023-2028 ($ billion)
Exhibits 32: Data Table on Non ferrous - Market size and forecast 2023-2028 ($ billion)
Exhibits 33: Chart on Non ferrous - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Non ferrous - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Ferrous - Market size and forecast 2023-2028 ($ billion)
Exhibits 36: Data Table on Ferrous - Market size and forecast 2023-2028 ($ billion)
Exhibits 37: Chart on Ferrous - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Ferrous - Year-over-year growth 2023-2028 (%)
Exhibits 39: Market opportunity by Type ($ billion)
Exhibits 40: Data Table on Market opportunity by Type ($ billion)
Exhibits 41: Chart on End-user - Market share 2023-2028 (%)
Exhibits 42: Data Table on End-user - Market share 2023-2028 (%)
Exhibits 43: Chart on Comparison by End-user
Exhibits 44: Data Table on Comparison by End-user
Exhibits 45: Chart on Machinery - Market size and forecast 2023-2028 ($ billion)
Exhibits 46: Data Table on Machinery - Market size and forecast 2023-2028 ($ billion)
Exhibits 47: Chart on Machinery - Year-over-year growth 2023-2028 (%)
Exhibits 48: Data Table on Machinery - Year-over-year growth 2023-2028 (%)
Exhibits 49: Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
Exhibits 50: Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
Exhibits 51: Chart on Automotive - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Electrical and electronics - Market size and forecast 2023-2028 ($ billion)
Exhibits 54: Data Table on Electrical and electronics - Market size and forecast 2023-2028 ($ billion)
Exhibits 55: Chart on Electrical and electronics - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Electrical and electronics - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 58: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 59: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 61: Market opportunity by End-user ($ billion)
Exhibits 62: Data Table on Market opportunity by End-user ($ billion)
Exhibits 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 64: Impact of drivers and challenges in 2023 and 2028
Exhibits 65: Overview on criticality of inputs and factors of differentiation
Exhibits 66: Overview on factors of disruption
Exhibits 67: Impact of key risks on business
Exhibits 68: Companies covered
Exhibits 69: Matrix on companies position and classification
Exhibits 70: Alcoa Corp. - Overview
Exhibits 71: Alcoa Corp. - Business segments
Exhibits 72: Alcoa Corp. - Key news
Exhibits 73: Alcoa Corp. - Key offerings
Exhibits 74: Alcoa Corp. - Segment focus
Exhibits 75: Charlotte Pipe and Foundry Co. - Overview
Exhibits 76: Charlotte Pipe and Foundry Co. - Product / Service
Exhibits 77: Charlotte Pipe and Foundry Co. - Key offerings
Exhibits 78: D.W. Clark - Overview
Exhibits 79: D.W. Clark - Product / Service
Exhibits 80: D.W. Clark - Key offerings
Exhibits 81: EJ Group Inc. - Overview
Exhibits 82: EJ Group Inc. - Product / Service
Exhibits 83: EJ Group Inc. - Key offerings
Exhibits 84: Georg Fischer AG - Overview
Exhibits 85: Georg Fischer AG - Business segments
Exhibits 86: Georg Fischer AG - Key news
Exhibits 87: Georg Fischer AG - Key offerings
Exhibits 88: Georg Fischer AG - Segment focus
Exhibits 89: Great Lakes Castings LLC - Overview
Exhibits 90: Great Lakes Castings LLC - Product / Service
Exhibits 91: Great Lakes Castings LLC - Key offerings
Exhibits 92: Grupo Industrial Saltillo SAB de CV - Overview
Exhibits 93: Grupo Industrial Saltillo SAB de CV - Business segments
Exhibits 94: Grupo Industrial Saltillo SAB de CV - Key offerings
Exhibits 95: Grupo Industrial Saltillo SAB de CV - Segment focus
Exhibits 96: Impro Precision Industries Ltd. - Overview
Exhibits 97: Impro Precision Industries Ltd. - Business segments
Exhibits 98: Impro Precision Industries Ltd. - Key offerings
Exhibits 99: Impro Precision Industries Ltd. - Segment focus
Exhibits 100: KSB SE and Co. KGaA - Overview
Exhibits 101: KSB SE and Co. KGaA - Business segments
Exhibits 102: KSB SE and Co. KGaA - Key offerings
Exhibits 103: KSB SE and Co. KGaA - Segment focus
Exhibits 104: Meridian Lightweight Technologies Inc. - Overview
Exhibits 105: Meridian Lightweight Technologies Inc. - Product / Service
Exhibits 106: Meridian Lightweight Technologies Inc. - Key offerings
Exhibits 107: MetalTek International - Overview
Exhibits 108: MetalTek International - Product / Service
Exhibits 109: MetalTek International - Key offerings
Exhibits 110: Neenah Enterprises Inc. - Overview
Exhibits 111: Neenah Enterprises Inc. - Product / Service
Exhibits 112: Neenah Enterprises Inc. - Key offerings
Exhibits 113: OSCO Industries Inc. - Overview
Exhibits 114: OSCO Industries Inc. - Product / Service
Exhibits 115: OSCO Industries Inc. - Key offerings
Exhibits 116: Pace Industries - Overview
Exhibits 117: Pace Industries - Product / Service
Exhibits 118: Pace Industries - Key offerings
Exhibits 119: The Weir Group Plc - Overview
Exhibits 120: The Weir Group Plc - Business segments
Exhibits 121: The Weir Group Plc - Key news
Exhibits 122: The Weir Group Plc - Key offerings
Exhibits 123: The Weir Group Plc - Segment focus
Exhibits 124: Inclusions checklist
Exhibits 125: Exclusions checklist
Exhibits 126: Currency conversion rates for US$
Exhibits 127: Research methodology
Exhibits 128: Information sources
Exhibits 129: Data validation
Exhibits 130: Validation techniques employed for market sizing
Exhibits 131: Data synthesis
Exhibits 132: 360 degree market analysis
Exhibits 133: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the industrial casting market in US: Alcoa Corp., Aludyne Inc., Andritz AG, Charlotte Pipe and Foundry Co., D.W. Clark, EJ Group Inc., Georg Fischer Ltd., Great Lakes Castings LLC, Grupo Industrial Saltillo SAB de CV, Impro Precision Industries Ltd., KSB SE and Co. KGaA, Meridian Lightweight Technologies Inc., MetalTek International, Neenah Enterprises Inc., OSCO Industries Inc., Pace Industries, Precision Castparts Corp., Sivyer Steel Castings LLC, Sujan Industries, and The Weir Group PLC.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is shift from ferrous to non ferrous castings."

According to the report, one of the major drivers for this market is the growing demand from automotive industry.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Alcoa Corp.
  • Aludyne Inc.
  • Andritz AG
  • Charlotte Pipe and Foundry Co.
  • D.W. Clark
  • EJ Group Inc.
  • Georg Fischer Ltd.
  • Great Lakes Castings LLC
  • Grupo Industrial Saltillo SAB de CV
  • Impro Precision Industries Ltd.
  • KSB SE and Co. KGaA
  • Meridian Lightweight Technologies Inc.
  • MetalTek International
  • Neenah Enterprises Inc.
  • OSCO Industries Inc.
  • Pace Industries
  • Precision Castparts Corp.
  • Sivyer Steel Castings LLC
  • Sujan Industries
  • The Weir Group Plc

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About the Die Casting Market

Die Casting is a manufacturing process used to produce metal parts by forcing molten metal into a mold cavity. It is used to produce a wide range of components with complex geometries and high precision. Die Casting is a cost-effective and efficient process that can produce parts with tight tolerances and smooth surfaces. It is used in a variety of industries, including automotive, aerospace, medical, and consumer products. Die Casting is a versatile process that can be used to produce parts from a variety of metals, including aluminum, zinc, magnesium, and copper. It is also used to produce parts with a variety of finishes, such as anodizing, plating, and painting. Some companies in the Die Casting market include Dynacast, Premier Die Casting, Rheocast, and Buhler. Show Less Read more

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