Product Code: ETC041528 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Singapore iron castings market is a sector that deals with the manufacturing of high-quality iron castings for engineering and industrial applications. Iron casting technology has advanced rapidly over the last few decades allowing for increased precision in parts produced. This has resulted in an increase in demand from customers looking to take advantage of improved metalworking techniques and higher quality products. The market is expected to register a CAGR of 4.3% during the forecast period 2020-2026.
Growing automotive industry, increasing use of customized components, rapid urbanization, and technological advancements are some of the key factors driving growth in this sector. Additionally, there is another factor which makes Singapore attractive as a production hub for iron castings; namely its favorable economic policies such as tax incentives offered by government agencies like EDB (Economic Development Board). These policies have attracted global companies to establish their operations here thereby creating additional employment opportunities and stimulating further growth in this industry going forward.
Some challenges faced by this industry include rising competition from low cost countries like China who can provide lower priced products due to cheaper labor costs as well as stringent environmental regulations imposed by local governments on emissions from foundries leading to additional operational expenses associated with compliance requirements set out under these laws making it difficult for manufacturers operating here to remain competitive at times.
The key players operating in the Singapore Iron Castings Market include Avesta Group, H?gan?s AB, Centrifugal Cast Technologies Inc., Zollern GmbH & Co KG, Waupaca Foundry Inc., Dandong Foundry (Group) Co Ltd., ETC
Due to restrictions on movement imposed by various governments across globe owing Covid 19 outbreak travel & tourism related industries have been severely impacted resulting job losses & decreased purchasing power amongst consumers worldwide thereby adversely affecting sales prospects across all sectors including steel casting segment globally.However once containment situation improves, we expect demand conditions should normalize gradually going forward.
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 Singapore Iron Castings Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Iron Castings Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Iron Castings Market - Industry Life Cycle |
3.4 Singapore Iron Castings Market - Porter's Five Forces |
3.5 Singapore Iron Castings Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.6 Singapore Iron Castings Market Revenues & Volume Share, By End-User, 2020 & 2030F |
4 Singapore Iron Castings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Iron Castings Market Trends |
6 Singapore Iron Castings Market, By Types |
6.1 Singapore Iron Castings Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Singapore Iron Castings Market Revenues & Volume, By Product, 2020-2030F |
6.1.3 Singapore Iron Castings Market Revenues & Volume, By Gray Iron, 2020-2030F |
6.1.4 Singapore Iron Castings Market Revenues & Volume, By Ductile Iron, 2020-2030F |
6.1.5 Singapore Iron Castings Market Revenues & Volume, By Malleable Iron, 2020-2030F |
6.2 Singapore Iron Castings Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 Singapore Iron Castings Market Revenues & Volume, By Automobile, 2020-2030F |
6.2.3 Singapore Iron Castings Market Revenues & Volume, By Industrial Machinery, 2020-2030F |
6.2.4 Singapore Iron Castings Market Revenues & Volume, By Infrastructure and Construction Machines, 2020-2030F |
6.2.5 Singapore Iron Castings Market Revenues & Volume, By Power, 2020-2030F |
6.2.6 Singapore Iron Castings Market Revenues & Volume, By Others, 2020-2030F |
7 Singapore Iron Castings Market Import-Export Trade Statistics |
7.1 Singapore Iron Castings Market Export to Major Countries |
7.2 Singapore Iron Castings Market Imports from Major Countries |
8 Singapore Iron Castings Market Key Performance Indicators |
9 Singapore Iron Castings Market - Opportunity Assessment |
9.1 Singapore Iron Castings Market Opportunity Assessment, By Product, 2020 & 2030F |
9.2 Singapore Iron Castings Market Opportunity Assessment, By End-User, 2020 & 2030F |
10 Singapore Iron Castings Market - Competitive Landscape |
10.1 Singapore Iron Castings Market Revenue Share, By Companies, 2023 |
10.2 Singapore Iron Castings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |