North America Iron Casting Market Growing at 5.6% CAGR by 2033

The North America iron casting market is an important and dynamic market in the vast industrial and manufacturing landscape of the continent. Casting iron is the process of melting iron and pouring it into a mold to create a variety of shapes and forms.

According to a Future Market Insights (FMI) report, the North America iron casting market rose at a CAGR of 6.4% during 2018 to 2022. It is further anticipated to surge at a moderate CAGR of 5.6% over the forecast period 2023 to 2033.

The North America iron casting industry is projected to reach a value of USD 17 Billion in 2023. By 2033, sales of North America iron casting are estimated to reach USD 29.4 Billion.

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Molding of cast iron ranges from complex parts to large parts of industrial machinery. This industry plays a significant role in supporting several sectors including automotive, construction, agriculture, energy, and more.

The sector has benefited greatly from recent technological advancements. These include improved casting techniques, computer-aided design (CAD) software, automated processes, and simulations that optimize design parameters.

Key Takeaways from the North America Iron Casting Report:

• North Americais expected to reach a valuation of US$ 4 Billion by 2033.
• The United States is projected to reach a valuation of US$ 5.4 Billion by 2033.
• By application, the automotive segment is projected to surge at a CAGR of 4% through 2033.
• In the product segment, the gray cast iron segment is expected to dominate the market with a CAGR of 5% by 2033.

Who is Winning?

• Cadillac Casting Inc.
• CALMET
• Decatur Foundry
• Fusium
• Grupo Industrial Saltillo (GIS)
• Alloy Castings Industries Ltd.
• GREDE
• Lemfco, Inc.
• Metal Technologies, Inc.
• Neenah Foundry
• OSCO Industries, Inc.
• US Castings
• WAUPACA FOUNDRY, INC.
• American Castings
• The C.A. Lawton Company
• Faircast Inc.
• East Jordan
• Golden’s Foundry and Machine
• H. Sheppard Co. Inc.

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North America Iron Casting Industry Segmentation Analysis:

By Product:

• Gray Cast Iron
• Ductile Cast Iron
• Malleable Cast Iron

By Application:

• Automotive
• Machinery & Tools
• Pipes & Fittings
• Railways
• Power Generation
• Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.

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