PUBLISHER: The Business Research Company | PRODUCT CODE: 1927971
PUBLISHER: The Business Research Company | PRODUCT CODE: 1927971
Iron and steel casting involves the process of shaping molten metal within molds to produce finished iron and steel products. These products serve as essential components across various sectors, catering to a wide array of applications.
Iron and steel casting come in different types, namely large, medium, and small casting. Large casting pertains to the creation of iron and steel objects that weigh more than 500 kilograms or exceed one meter in size. These materials encompass gray iron, ductile iron, steel, and malleable iron, finding utility in automotive and transport industries, as well as in pipes, fittings, pumps, valves, machinery, and other sectors. These products serve diverse industries, including machine tools, mining, transportation, construction, electrical, and the steel industry.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs on imported iron and steel castings have affected global supply chains by increasing costs and delaying production, particularly impacting automotive, machinery, and construction segments. Regions like North America and Europe, which depend on imports, are most affected. However, tariffs have also stimulated local production, encouraged investment in advanced and sustainable casting technologies, and boosted the adoption of eco-friendly and precision casting solutions.
The iron and steel casting market research report is one of a series of new reports from The Business Research Company that provides iron and steel casting market statistics, including iron and steel casting industry global market size, regional shares, competitors with a iron and steel casting market share, detailed iron and steel casting market segments, market trends and opportunities, and any further data you may need to thrive in the iron and steel casting industry. This iron and steel casting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The iron and steel casting market size has grown strongly in recent years. It will grow from $182.29 billion in 2025 to $195.66 billion in 2026 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to growing automotive and transportation industry, expansion of heavy machinery manufacturing, increasing demand for industrial equipment, rise in construction and infrastructure projects, growing need for machine tools and mining equipment.
The iron and steel casting market size is expected to see strong growth in the next few years. It will grow to $256.81 billion in 2030 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to adoption of smart and automated casting processes, increasing demand for lightweight and high-strength materials, growth in energy-efficient and sustainable manufacturing, expansion of precision components production, increasing demand from pipe, pump, and valve industries. Major trends in the forecast period include adoption of advanced casting technologies, use of high-strength and specialty alloys, integration of automation and robotics in casting, energy-efficient and eco-friendly production methods, precision casting for automotive and industrial applications.
Government investments in infrastructure are anticipated to drive the expansion of the iron and steel casting market in the coming years. Investments in infrastructure encompass tangible assets such as energy facilities, roads, bridges, and highways that are part of everyday use. Cast iron and steel serve as essential materials for constructing building frameworks and other construction applications. For example, in June 2025, the OECD Government at a Glance 2025, a France-based international policy data authority, reported that public investment spending across OECD countries averaged 3.5% of GDP in 2023, reflecting a sustained focus on durable public capital expenditures compared to previous years. Consequently, government investment in infrastructure is supporting the growth of the iron and steel casting market.
Strategic collaborations among major industry players are increasingly prevalent in driving market growth. These partnerships involve structured affiliations between commercial enterprises, often established through contractual agreements or business arrangements. For instance, in September 2023, Dillinger Hutte, a Germany-based steel company, partnered with SMS group. Their collaboration aims to optimize blast furnace operations through logistical process modeling and digitalization, enhancing precise control over the blast furnace process. The partnership is geared towards developing and implementing innovative technologies that enhance efficiency and reduce costs within the steel industry. SMS group, a German company specializing in plant construction and mechanical engineering for the metals industry, aligns its expertise with Dillinger Hutte to drive advancements in the steel sector.
In May 2023, MacLean Power Systems LLC, a U.S.-based manufacturer of engineered components, acquired Dotson Iron Castings Inc for an undisclosed amount. Through this acquisition, MacLean Power aims to enhance its iron casting capabilities, increase production capacity, and improve service for customers in the utility, industrial, and infrastructure sectors. Dotson Iron Castings Inc is a U.S.-based foundry that provides cast iron products, including transmission hardware, fiberglass cross-arm brackets, and other essential components for infrastructure and industrial applications.
Major companies operating in the iron and steel casting market report are ArcelorMittal S.A., AMSTED Industries Incorporated, Tata Steel Ltd., Evraz PLC, Hitachi Metals Ltd., Nucor Corporation, Kobe Steel Ltd., The ESCO Group, Hyundai Steel Co. Ltd., Nelcast Limited, OSCO Industries Inc., Peekay Steel Castings Pvt. Ltd., Impro Industries USA Inc., MetalTek International, Tupy SA, Waupaca Foundry Inc., Neenah Foundry Company, Aarrowcast Inc., Dotson Iron Castings, Grede Holdings LLC, Metal Technologies Inc., Brantingham Manufacturing, Badger Foundry Company, Benton Foundry, Cast Technologies Inc., Liaoning Borui Machinery Co. Ltd.
Asia-Pacific was the largest region in the iron and steel casting market analysis in 2025 and is expected to be the fastest-growing region in the forecast period. The regions covered in the iron and steel casting market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the iron and steel casting market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The iron and steel casting market includes revenues earned by entities by centrifugal casting, pressure dies casting, plaster casting, lost-foam casting, vacuum casting, sand casting process, and other types. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Iron and Steel Casting Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses iron and steel casting market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for iron and steel casting ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The iron and steel casting market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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