Wednesday, March 30th, 2016 - WiseGuyReports adds“Iron Castings Industry 2016 Global Market Research Report & Forecast to 2020”reports to its database. We can offer you discount on this report.

This market research study presents a detailed segmentation of the global iron castings market by product type (gray iron, ductile iron, and malleable iron), by end-user segment (automotive, industrial machinery, infrastructure and construction machines, power and energy sector, and others), and by geography (APAC, Europe, North America, and ROW). The key vendors identified in the market are Brakes India, Dandong Foundry, Grede, Grupo Industrial Saltillo, Hinduja Foundries, Hitachi Metals, and OSCO Industries.

Outlook of the iron castings market 
Technavio’s market research analysts have predicted the global iron castings market to grow at a moderate CAGR of more than 6% during the forecast period. The rapid growth in the automotive industry sector is one of the key factors driving the growth of the iron castings market during the forecast period. The automotive industry is one of the prime end-users of iron castings owing to its extensive applications in the manufacture of engine parts, gears and bushings, suspension, brakes, steering, and crankshafts. Moreover, the economic recovery in the US and Europe has led to increased consumer spending on automobiles. This demand will compel automotive manufacturers to increase their production capacities, thereby propelling the growth prospects of the iron castings market in the coming years.


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In this market research report, the analyst has estimated that the presence of eminent factors like the recent technological advancements to bolster the growth prospects of this market until the end of the forecast period. Most modern foundries are fully monitored and controlled by computers leading to a considerable increase in cast quality and productivity. Computer-aided process planning (CAPP) systems are being increasingly used as they help bridge the gap between computer-aided design and computer aided manufacturing. Moreover, adoption of computer-integrated manufacturing systems will contribute to reducing the time taken to develop high-precision casting products, thereby aiding in the growth of the iron castings market until the end of 2020.

Product segmentation and analysis of the iron castings market 
- Gray iron 
- Ductile iron 
- Malleable iron 
During 2015, the gray iron segment dominated the iron castings market and accounted for nearly 63% of the market share. Gary iron is not only the most extensively used cast metal but it is also easier to cast and cheaper to produce than other forms of cast iron. Furthermore, gray iron does not require heat treatment of rough castings, which is essential to produce malleable iron castings. As gray iron castings are highly malleable and can be molded into complex shapes, it is widely used in the automotive industry. Moreover, gray iron has a high strength-to-weight ratio, corrosion resistance, and greater wear resistance than other metals such as aluminum. These factors are expected to spur the growth of this market segment over the forecast period.

Geographical segmentation and analysis of the iron castings market 
- Europe 
- North America 
- ROW 
In this market study, the analysts have estimated APAC to be the largest market for iron castings and is expected to account for more than 65% of the market share by the end of 2020. The market for iron castings in APAC is driven by the rapid rise in manufacturing activities, especially in developing countries like India, Korea, Singapore and Indonesia. Moreover, the integration of modern technologies such as 3-D modeling, simulation software, use of computers in solidification simulation will propel the growth prospects of this market until the end of 2020.


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Competitive landscape and key vendors 
The global market for iron castings market is highly diverse and ranges from small enterprises that specialize in low-volume specialty products to large establishments that produce enormous quantities.

Key vendors in this market are -

Brakes India 
Dandong Foundry 
Grupo Industrial Saltillo 
Hinduja Foundries 
Hitachi Metals 
OSCO Industries 
Other prominent vendors in the market are ACAST, Benton Foundry, Brantingham Manufacturing, Decatur Foundry, Hua Dong Teksid, and Qingdao Tian Hua Yi He Foundry Factory.

Key questions answered in the report include 
- What will the market size and the growth rate be in 2020? 
- What are the key factors driving the global iron castings market? 
- What are the key market trends impacting the growth of the global iron castings market? 
- What are the challenges to market growth? 
- Who are the key vendors in the global iron castings market? 
- What are the market opportunities and threats faced by the vendors in the global iron castings market? 
- Trending factors influencing the market shares of the APAC, Europe, North America, and ROW. 
- What are the key outcomes of the five forces analysis of the global iron castings market?


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