Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. The growth in the automobile segment is notably driving the market growth, although factors such as the increasing competition from aluminum may impede the market growth. Iron Castings Market: Key Drivers, Trends, Challenges, and Customer Landscape Our research report has extensively covered external factors influencing the parent market growth during the forecast period. The parent market covers products and companies producing steel for various industrial applications. Technavio categorizes the global iron castings market as a part of the global steel market within the overall metals and mining market. To learn more about this report, Download Report Sample Parent Market Analysis ![]() What will be the Size of the Iron Castings Market During the Forecast Period? Furthermore, the report includes historic market data from 2017 to 2021. ![]() It also includes an in-depth analysis of drivers, trends, and challenges. This report extensively covers market segmentation by end-user (automobile, industrial machinery, infrastructure and construction machines, power, and others), product (gray iron, duct iron, and malleable iron), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The growth of the market depends on several factors, including the growth in the automobile segment, an increase in demand from housing and infrastructure segments, and industrialization in developing countries. ![]() The size of the market is forecast to increase by 23,204.12 thousand tons. The iron castings market is estimated to grow at a CAGR of 5.15% between 20.
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