Overview

IBISWorld’s Iron & Steel Casting market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

By volume, China's annual casting output has been the highest in the world for the past ten years. China produced 16.3 million tons of castings in 2002, equal to the United States' and Japan's combined output. This increased steadily to 46.2 million tons in 2014. Due to excess production capacity, China's casting output was declined to reach 45.6 million tons in 2015, negative growth for the first time in ten years. In 2016, China's casting output was expected to reach 45.3 million tons. This overall slight increase in output drove annualized revenue growth for the Iron and Steel Casting industry of 2.2% over the five years through 2016 to $112.2 billion...

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Industry Report - Industry Analysis Chapter

Industry revenue increased from $100.8 billion in 2011 to an expected $112.2 billion in 2016. This represents average annual growth of 2.2%. The industry recovered somewhat in 2011 as market conditions improved, with industry revenue increasing by 20.1%.

During 2012, China's economic growth began to slow and the industry experienced shrinking demand from major downstream industries, such as automobile manufacturing (IBISWorld industry report 3721), thermal power generation (4411), wind power (4419a) and building construction (4710). Growth in output of downstream products, such as automobile, steel ship and railroad vehicles, slowed rapidly.

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Additional Insights for the Iron & Steel Casting Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Iron & Steel Casting Industry are

  • Effective quality control
  • Involvement of all stakeholders
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Downstream Demand - Manufacturing and World price of iron ore in the Iron & Steel Casting industry impact industry performance..

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    Industry Products

    What is the Iron & Steel Casting Industry?

    Firms in the Iron and Steel Casting industry cast iron or steel and manufacture steel or iron products. The manufacture of cast iron and steel products involves melting the metal to be used, pouring it into a mold, letting it cool and then knocking out the casting. Final cast products that are manufactured in this industry include pipes, valves, parts, components, hydraulic pressure units and pneumatic units.

    Industry Products
    Finished and semi-finished iron products
    Finished and semi-finished steel products
    Other casting products
    Industry Activities
    iron castings
    steel castings
    finished and semi-finished iron products
    finished and semi-finished steel products
    Alloy casting products

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Downstream Demand - Manufacturing
  • World price of iron ore
  • Merchandise Trade - Balance (Exports - Imports)
  • Downstream Demand - Automobile and Light Duty Motor Vehicle Manufacturing
  • Labor Productivity - Iron and Steel Casting and Forging
  • Upstream Supply - Metal Ore Mining

  • Current Performance
  • International trade
  • Major technical progress
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Iron & Steel Casting Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Iron & Steel Casting Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Bearing Manufacturing
  • Mining Equipment Manufacturing
  • Construction Equipment Manufacturing
  • Auto Parts Manufacturing

  • Key Selling Industries
  • Iron and Steel Smelting
  • Iron Ore Mining

  • Products & Services
  • Finished and semi-finished iron products
  • Finished and semi-finished steel products
  • Other casting products
  • Chart: Iron & Steel Casting Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Automobile manufacturers
  • Construction firms
  • Machinery manufacturers
  • Other
  • Chart: Major Market Segmentation for the Iron & Steel Casting Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Iron & Steel Casting

  • Basis of Competition
  • Start-up costs
  • Regulations
  • Customer relationships
  • Quality certification

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Iron & Steel Casting Industry

  • Industry Globalization
    Major Companies
    Xinxing Ductile Iron Pipes Co. Ltd.Anhui Yingliu GroupKolbenschmidt Pierburg Shanghai Nonferrous Components Co., Ltd.Tianrui GroupChina South Industries Group Corporation
  • Table: Xinxing Ductile Iron Pipes Co. Ltd. - financial performance
  • Table: Anhui Yingliu Group - financial performance
  • Table: Kolbenschmidt Pierburg Shanghai Nonferrous Components Co., Ltd. - financial performance
  • Table: Tianrui Group - financial performance
  • Table: China South Industries Group Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Iron & Steel Casting Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Iron & Steel Casting Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Total Assets (2007-2021)
  • Casting Output (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Batch Production
  • The manufacturing technique of creating a component at a workstation before it is moved onto the next production step.
  • Casting
  • The pouring of molten metal into a mold, where it solidifies into the shape of the mold.
  • Mass Production
  • The manufacture of goods in large quantities, often using standardized design and assembly-line techniques.
  • Why buy this report?

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    • Identify threats and opportunities
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    This report on Iron & Steel Casting:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Iron & Steel Casting market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Iron & Steel Casting, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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