Product Code: ETC041540 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia Iron Castings Market is projected to register a CAGR of 6.1% during the forecast period (2025-2031). The major factors driving the growth of market are rising demand from automotive & construction industries, urbanization in emerging economies, and increasing investments in infrastructure projects. The robust economic growth recorded by Saudi Arabia over the years has also created a positive environment for iron castings manufacturers.
The automotive industry requires a large amount of iron castings due to their ability to form complex shapes with greater accuracy and improved surface finish properties. In addition, iron castings are used as components in several electrical applications such as brackets, housings, generators, motor frames etc., which drive its demand from automotive sector further. Moreover, iron casting is widely adopted across various segments such as industrial machinery manufacturing companies and construction sectors like building bridges or heavy machines for mining activities which drives its market growth significantly. Growing population coupled with rising disposable income among individuals has led to an increased adoption of products manufactured using iron casting techniques across countries including India and China resulting into higher uptake within these regions leading towards established regional markets thereon. This factor serves as one of major driver for global iron casting market??s growth over the coming years.
Production costs associated with Iron Casting processes can be quite high due to use of expensive metals such as steel alloys that require additional processing steps resulting into complex production process thereby raising overall cost incurred on manufacturing processes significantly. Furthermore, maintenance cost involved in upkeep operations post installation increases burden on pocket even further acting as restraining factor for its market worldwide.
However, stringent government regulations related to environmental safety and volatile raw material prices will hamper market growth during forecasting period. Additionally, disruptions caused due to COVID-19 pandemic has significantly impacted production processes across all industries resulting into supply chain disruptions which will also inhibit growth prospects over short term outlook horizon.
Major players operating in Saudi Arabia Iron Castings Market include Arabia Foundry Co., Al Khobar Casting Company SAEED MOHAMMAD A ALMOAYYED & SONS BSC(C), Metalskills Factory LLC , Gulf Metal Industries Group (GMIG) , Al Tamam Foundries Est., Continental Foundries FZCO , Emirates Techno Casting LLC among others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Iron Castings Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Iron Castings Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Iron Castings Market - Industry Life Cycle |
3.4 Saudi Arabia Iron Castings Market - Porter's Five Forces |
3.5 Saudi Arabia Iron Castings Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Saudi Arabia Iron Castings Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Saudi Arabia Iron Castings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Iron Castings Market Trends |
6 Saudi Arabia Iron Castings Market, By Types |
6.1 Saudi Arabia Iron Castings Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Iron Castings Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Saudi Arabia Iron Castings Market Revenues & Volume, By Gray Iron, 2021-2031F |
6.1.4 Saudi Arabia Iron Castings Market Revenues & Volume, By Ductile Iron, 2021-2031F |
6.1.5 Saudi Arabia Iron Castings Market Revenues & Volume, By Malleable Iron, 2021-2031F |
6.2 Saudi Arabia Iron Castings Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Iron Castings Market Revenues & Volume, By Automobile, 2021-2031F |
6.2.3 Saudi Arabia Iron Castings Market Revenues & Volume, By Industrial Machinery, 2021-2031F |
6.2.4 Saudi Arabia Iron Castings Market Revenues & Volume, By Infrastructure and Construction Machines, 2021-2031F |
6.2.5 Saudi Arabia Iron Castings Market Revenues & Volume, By Power, 2021-2031F |
6.2.6 Saudi Arabia Iron Castings Market Revenues & Volume, By Others, 2021-2031F |
7 Saudi Arabia Iron Castings Market Import-Export Trade Statistics |
7.1 Saudi Arabia Iron Castings Market Export to Major Countries |
7.2 Saudi Arabia Iron Castings Market Imports from Major Countries |
8 Saudi Arabia Iron Castings Market Key Performance Indicators |
9 Saudi Arabia Iron Castings Market - Opportunity Assessment |
9.1 Saudi Arabia Iron Castings Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Saudi Arabia Iron Castings Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Saudi Arabia Iron Castings Market - Competitive Landscape |
10.1 Saudi Arabia Iron Castings Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Iron Castings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |