Global Steel Casting Market Growth 2026-2032
Description
The global Steel Casting market size is predicted to grow from US$ 75802 million in 2025 to US$ 92501 million in 2032; it is expected to grow at a CAGR of 2.7% from 2026 to 2032.
A steel casting is a metal component that is formed by pouring molten steel into a mold cavity. The liquefied steel then cools and solidifies within the mold cavity. By catering the shape of the mold, and hence the casting, to perfectly fit specifications. The casting process of steel can be difficult. It is less fluid than other metals and more reactive to mold materials. Steel castings are used for a variety of reasons. They are mainly used when other types of cast irons do not have enough strength or shock resistance. Steel’s physical properties allow the castings to be both strong and ductile. This makes the steel casting extremely tough and limits the chances of fracturing under pressure. Steel castings are also utilized due to their weldability and corrosion resistance. Due to its reliability and strength, numerous industries rely on steel castings. Industries that use steel castings range from food processing and electronics to oil and gas. Some specific industries that use this type of casting include the railroad, construction, drilling, transportation, and mining industries. Examples of items that are steel casting gears, valve bodies, pump casings, mining machinery, marine equipment, engine cylinder blocker, forging presses, and railroad truck frames.
The steel casting market is primarily driven by demand from high-end equipment manufacturing and infrastructure development. As industries such as energy, power generation, mining, construction machinery, and transportation move toward larger-scale, heavier-duty, and more reliable systems, demand for high-strength and high-toughness steel castings continues to grow. In addition, global infrastructure investment, energy transition projects, and replacement of aging equipment provide stable demand. Ongoing advances in manufacturing processes and materials engineering—such as precision casting, advanced alloy design, and optimized heat treatment—further expand the use of steel castings in complex and high-performance applications, supporting long-term market growth.
Global key players of Steel Casting include Precision Castparts, Hitachi, Kobe Steel, Doosan Enerbility, ME Elecmetal, etc. The top five players hold a share about 7%. China is the world's largest market for Steel Casting and holds a share about 29%, followed by APAC (excluding China) and North America, with share about 25% and 24%, separately. In terms of product type, Carbon Steel Casting is the largest segment, accounting for a share about 47%. In terms of application, Rail and Transit is the largest field with a share about 27 percent.
LP Information, Inc. (LPI) ' newest research report, the “Steel Casting Industry Forecast” looks at past sales and reviews total world Steel Casting sales in 2025, providing a comprehensive analysis by region and market sector of projected Steel Casting sales for 2026 through 2032. With Steel Casting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Steel Casting industry.
This Insight Report provides a comprehensive analysis of the global Steel Casting landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Steel Casting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Steel Casting market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steel Casting and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Steel Casting.
This report presents a comprehensive overview, market shares, and growth opportunities of Steel Casting market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Carbon Steel Casting
Low-Alloy Steel Casting
High Alloy Steel Casting
Segmentation by Product Size:
Small Steel Castings
Medium Steel Castings
Large and Extra-Large Steel Castings
Segmentation by Casting Process:
Sand Casting
Investment Casting
Lost Foam Casting
Shell Molding
Segmentation by Application:
Power Generation
Rail and Transit
Mining
Construction Machinery
Oil and Gas
Aerospace and Defense
Shipbuilding
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Precision Castparts
Hitachi
Doosan Enerbility
Kobe Steel
ME Elecmetal
Amsted Rail
Signicast (Form Technologies Company)
MetalTek International
Anhui Yingliu
Harrison Steel Casting
Peekay Steel Castings
Impro Precision
Liaoning Fuan Heavy Industry
Tycon Alloy Industries
Japan Steel Works
Amsteel Castings
Isgec Heavy Engineering
Key Questions Addressed in this Report
What is the 10-year outlook for the global Steel Casting market?
What factors are driving Steel Casting market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Steel Casting market opportunities vary by end market size?
How does Steel Casting break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
A steel casting is a metal component that is formed by pouring molten steel into a mold cavity. The liquefied steel then cools and solidifies within the mold cavity. By catering the shape of the mold, and hence the casting, to perfectly fit specifications. The casting process of steel can be difficult. It is less fluid than other metals and more reactive to mold materials. Steel castings are used for a variety of reasons. They are mainly used when other types of cast irons do not have enough strength or shock resistance. Steel’s physical properties allow the castings to be both strong and ductile. This makes the steel casting extremely tough and limits the chances of fracturing under pressure. Steel castings are also utilized due to their weldability and corrosion resistance. Due to its reliability and strength, numerous industries rely on steel castings. Industries that use steel castings range from food processing and electronics to oil and gas. Some specific industries that use this type of casting include the railroad, construction, drilling, transportation, and mining industries. Examples of items that are steel casting gears, valve bodies, pump casings, mining machinery, marine equipment, engine cylinder blocker, forging presses, and railroad truck frames.
The steel casting market is primarily driven by demand from high-end equipment manufacturing and infrastructure development. As industries such as energy, power generation, mining, construction machinery, and transportation move toward larger-scale, heavier-duty, and more reliable systems, demand for high-strength and high-toughness steel castings continues to grow. In addition, global infrastructure investment, energy transition projects, and replacement of aging equipment provide stable demand. Ongoing advances in manufacturing processes and materials engineering—such as precision casting, advanced alloy design, and optimized heat treatment—further expand the use of steel castings in complex and high-performance applications, supporting long-term market growth.
Global key players of Steel Casting include Precision Castparts, Hitachi, Kobe Steel, Doosan Enerbility, ME Elecmetal, etc. The top five players hold a share about 7%. China is the world's largest market for Steel Casting and holds a share about 29%, followed by APAC (excluding China) and North America, with share about 25% and 24%, separately. In terms of product type, Carbon Steel Casting is the largest segment, accounting for a share about 47%. In terms of application, Rail and Transit is the largest field with a share about 27 percent.
LP Information, Inc. (LPI) ' newest research report, the “Steel Casting Industry Forecast” looks at past sales and reviews total world Steel Casting sales in 2025, providing a comprehensive analysis by region and market sector of projected Steel Casting sales for 2026 through 2032. With Steel Casting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Steel Casting industry.
This Insight Report provides a comprehensive analysis of the global Steel Casting landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Steel Casting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Steel Casting market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steel Casting and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Steel Casting.
This report presents a comprehensive overview, market shares, and growth opportunities of Steel Casting market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Carbon Steel Casting
Low-Alloy Steel Casting
High Alloy Steel Casting
Segmentation by Product Size:
Small Steel Castings
Medium Steel Castings
Large and Extra-Large Steel Castings
Segmentation by Casting Process:
Sand Casting
Investment Casting
Lost Foam Casting
Shell Molding
Segmentation by Application:
Power Generation
Rail and Transit
Mining
Construction Machinery
Oil and Gas
Aerospace and Defense
Shipbuilding
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Precision Castparts
Hitachi
Doosan Enerbility
Kobe Steel
ME Elecmetal
Amsted Rail
Signicast (Form Technologies Company)
MetalTek International
Anhui Yingliu
Harrison Steel Casting
Peekay Steel Castings
Impro Precision
Liaoning Fuan Heavy Industry
Tycon Alloy Industries
Japan Steel Works
Amsteel Castings
Isgec Heavy Engineering
Key Questions Addressed in this Report
What is the 10-year outlook for the global Steel Casting market?
What factors are driving Steel Casting market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Steel Casting market opportunities vary by end market size?
How does Steel Casting break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
135 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Steel Casting by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Steel Casting by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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