North America Iron Casting Market Size and Forecast (2021-2031)

According to the latest market study on “North America Iron Casting Market Forecast to 2031 – Regional Share, Trend, and Growth Opportunity Analysis – by Type, Process, and End Use,” the market was valued at US$ 33.40 billion in 2023 and is projected to reach US$ 50.19 billion by 2031; it is anticipated to record a CAGR of 5.2% from 2023 to 2031. The report highlights key factors contributing to the North America iron casting market size and prominent players, along with their developments in the market.

The North America iron casting market is a critical component of the region’s industrial landscape, playing a crucial role in sectors such as construction, automotive, machinery, and energy. This market encompasses a wide range of products, including grey iron, ductile iron, and malleable iron castings, each with distinct properties and applications. The demand for iron castings in North America is driven by robust industrial activities and infrastructural development, alongside the steady advancements in casting technologies that enhance product quality and manufacturing efficiency. In recent years, the market has witnessed significant transformation due to the integration of advanced manufacturing processes, such as automation, and the use of innovative materials to improve durability and performance. The rising adoption of 3D printing and other digital technologies in casting has also contributed to reducing lead time and costs, thereby increasing competitiveness.

North America Iron Casting Market Breakdown – by Region

The automotive industry plays an important role in the North America iron casting market, providing essential components for vehicle manufacturing. Iron castings are widely used in various automotive applications due to their durability, strength, and cost-effectiveness. From engine blocks and cylinder heads to brake components and suspension parts, iron casting is integral for the construction of automobiles. The automotive industry has recently witnessed a surge in demand for lightweight materials to improve fuel efficiency and reduce emissions. While materials such as aluminum and composites have gained popularity for a few applications, iron casting remains indispensable for many critical components due to their superior mechanical properties and affordability. Manufacturers continue to invest in research and development to enhance the performance of iron casting while reducing their weight through advanced design and engineering techniques.

The automotive industry’s shift toward electric and hybrid vehicles has also presented new challenges and opportunities for the iron casting market. While these vehicles require fewer traditional components, such as engine blocks, they still rely on iron casting for essential parts—such as electric motor housings, battery casings, and structural components. As the demand for electric vehicles continues to grow, the iron casting market instantly adapts to meet the evolving needs of the automotive industry, exploring innovative solutions to support the production of electric and hybrid vehicles.

Industrial machinery enhances the productivity of manufacturing operations and positively impacts industrial competitiveness. As per the International Trade Administration, in 2021, the US exported machinery worth US$ 44 billion and electrical machinery worth US$ 24 billion. According to the US Census Bureau, the sales of metalworking machinery in the US accounted for US$ 31.8 billion in 2019. As per the Parker Hannifin Corporation report, the global market for computer numerically controlled (CNC) machine tools is projected to reach US$ 129 billion by 2026. According to the US Plastics Industry Association, injection molding and extrusion machinery shipments rose by 19.3% in Q4 of 2020 compared to the same period in 2019 in North America. According to a press release by the International Federation of Robotics in 2022 stated that car and car component manufacturers accounted for 47% of robot orders in North America in Q1 2022, a rise of 15% year-on-year. Industrial machineries perform diverse operations, from material handling, assembly, and welding to finishing and palletizing applications. Iron castings are widely used in the production of bearing housing, machine tool components, and machinery frames and bases. Also, they are used for structural support. Thus, the rising demand for industrial machinery propels the market.

The North America iron casting market trends include a rising emphasis on recycling cast iron. Governments and organizations across North America are focusing on creating policies and legislation to promote and support the circular economy and recycling of metals. With several initiatives, the government aims to promote sustainable economic practices and recycling/reusing materials to achieve the carbon neutrality goal by 2050. The adoption of recycled iron casting has expanded among customers in response to rising environmental concerns. Further, iron casting can be recycled several times without compromising the material’s quality.

Recycling cast iron provides environmental and economic advantages. Recycling cast iron reduces the amount of material that ends up in landfills. Recycling also conserves energy and reduces the demand for natural resources used in the production of new metal products. In February 2024, the Institute of Scrap and Recycling Industries revealed that more than 70% of the steel manufactured in the US is green steel, which is made from recycled material. In 2022, the US steel mills consumed ~57 million metric tons of recycled iron and steel in order to produce 82 million metric tons of steel. Moreover, recycled iron and steel exports (excluding stainless and alloy steel) declined 3.9% by quantity to 16 million metric tons. Thus, rising recycling initiatives in the iron casting market are expected to fuel the North America iron casting market growth.

The North America iron casting market analysis is carried out by identifying and evaluating key players operating in the market. Aarrowcast Inc., Cadillac Casting Inc., Calmet Inc., Fusium Inc., Decatur Foundry Inc., Grupo Industrial Saltillo SAB de CV, Willman Industries Inc., OSCO Industries Inc., Mesa Castings Inc., and Waupaca Foundry Inc are among the key players profiled in the North America iron casting market report.

North America Iron Casting Market Segmentation:

The market is segmented on the basis of type, process, and end use. Based on type, the market is segmented into grey iron, ductile iron, and others. Based on process, the market is bifurcated into die casting, centrifugal casting, sand casting, investment casting, and others. In terms of end use, the North America iron casting market is segmented into automotive, industrial machinery, aerospace, building & construction, energy, marine, and others. The geographic scope of the North America iron casting market report focuses on North America (the US, Canada, and Mexico). In terms of revenue, the US dominated the North America iron casting market share.

Based on type, the grey iron segment held the largest North America iron casting market share in 2023. Gray cast iron (also known as gray iron) is a cornerstone of the iron casting market, renowned for its versatility and cost-effectiveness. This material owes its name to the graphite flakes dispersed throughout its matrix, giving it its characteristic gray appearance. The process of producing gray iron casting involves the melting of iron along with specific additives to promote graphite formation. The resulting material has excellent thermal conductivity, damping capacity, and machinability, making it ideal for a wide range of applications. In the automotive industry, gray iron casting finds extensive use in engine blocks, cylinder heads, brake rotors, and other critical components. Its superior wear resistance and thermal properties make it an ideal choice for heavy-duty applications, such as machinery parts, industrial equipment, and construction machinery.

Gray iron’s ability to dampen vibration also makes it desirable for components subjected to dynamic loading, such as engine blocks and machine bases. Furthermore, the affordability and ease of manufacturing gray iron contribute to its widespread adoption across various sectors, including agriculture, infrastructure, and consumer goods. With advancements in casting technologies and processes, such as automated molding systems and computer-aided design, manufacturers can produce intricate gray iron casting with high precision and consistency, meeting the demands of modern industries. Thus, all these factors led to the dominance of the grey iron segment in the North America iron casting market.

Contact Us

Contact Person: Sameer Joshi

Phone: +1-646-491-9876

Email Id: sales@theinsightpartners.com

1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. North America Iron Casting Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers:
4.3.2 Manufacturers:
4.3.3 Distributors or Suppliers:
4.3.4 End-Use Industry:
4.3.5 List of Vendors in the Value Chain
5. North America Iron Casting Market – Key Market Dynamics
5.1 North America Iron Casting Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Growing Automotive and Construction Industry
5.2.2 Rising Demand for Industrial Machinery
5.3 Market Restraints
5.3.1 Fluctuations in Raw Material Prices
5.4 Market Opportunities
5.4.1 Strategic Expansion Activities
5.5 Future Trends
5.5.1 Recycling Initiatives
5.6 Impact Analysis
6. North America Iron Casting Market Analysis
6.1 North America Iron Casting Market Volume (Kilo Tons), 2021–2031
6.2 North America Iron Casting Market Volume Forecast and Analysis (Kilo Tons)
6.3 North America Iron Casting Market Revenue (US$ Million), 2023–2031
6.4 North America Iron Casting Market Forecast and Analysis
7. North America Iron Casting Market Volume and Revenue Analysis – by Type
7.1 Grey Iron
7.1.1 Overview
7.1.2 Grey Iron: North America Iron Casting Market – Volume and Forecast to 2031 (Kilo Tons)
7.1.3 Grey Iron: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Ductile Iron
7.2.1 Overview
7.2.2 Ductile Iron: North America Iron Casting Market – Volume and Forecast to 2031 (Kilo Tons)
7.2.3 Ductile Iron: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Others
7.3.1 Overview
7.3.2 Others: North America Iron Casting Market – Volume and Forecast to 2031 (Kilo Tons)
7.3.3 Others: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
8. North America Iron Casting Market Revenue Analysis – by Process
8.1 Die Casting
8.1.1 Overview
8.1.2 Die Casting: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Centrifugal Casting
8.2.1 Overview
8.2.2 Centrifugal Casting: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Sand Casting
8.3.1 Overview
8.3.2 Sand Casting: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Investment Casting
8.4.1 Overview
8.4.2 Investment Casting: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
9. North America Iron Casting Market Revenue Analysis – by End Use
9.1 Automotive
9.1.1 Overview
9.1.2 Automotive: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Industrial Machinery
9.2.1 Overview
9.2.2 Industrial Machinery: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Aerospace
9.3.1 Overview
9.3.2 Aerospace: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Building and Construction
9.4.1 Overview
9.4.2 Building and Construction: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
9.5 Energy
9.5.1 Overview
9.5.2 Energy: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
9.6 Marine
9.6.1 Overview
9.6.2 Marine: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
10. North America Iron Casting Market – Country Analysis
10.1 North America
10.1.1 North America Iron Casting Market Breakdown by Countries
10.1.2 North America Iron Casting Market Revenue and Forecast and Analysis – by Country
10.1.2.1 North America Iron Casting Market Volume and Forecast and Analysis – by Country
10.1.2.2 North America Iron Casting Market Revenue and Forecast and Analysis –by Country
10.1.2.3 United States: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.3.1 United States: North America Iron Casting Market Breakdown by Type
10.1.2.3.2 United States: North America Iron Casting Market Breakdown by Process
10.1.2.3.3 United States: North America Iron Casting Market Breakdown by End Use
10.1.2.4 Canada: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.4.1 Canada: North America Iron Casting Market Breakdown by Type
10.1.2.4.2 Canada: North America Iron Casting Market Breakdown by Process
10.1.2.4.3 Canada: North America Iron Casting Market Breakdown by End Use
10.1.2.5 Mexico: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.5.1 Mexico: North America Iron Casting Market Breakdown by Type
10.1.2.5.2 Mexico: North America Iron Casting Market Breakdown by Process
10.1.2.5.3 Mexico: North America Iron Casting Market Breakdown by End Use
11. Competitive Landscape
11.1 Heat Map Analysis
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Mergers And Acquisitions
12.3 Agreements, Collaborations, And Joint Ventures
12.4 New Product Launches
12.5 Expansions And Other Strategic Developments
13. Company Profiles
13.1 Aarrowcast Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Cadillac Casting Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Calmet Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Fusium Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Decatur Foundry Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Grupo Industrial Saltillo SAB de CV
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Willman Industries Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 OSCO Industries Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Mesa Castings Inc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Waupaca Foundry Inc
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Research Team

Table 1. North America Iron Casting Market Segmentation
Table 2. List of Vendors
Table 3. North America Iron Casting Market – Volume and Forecast to 2031 (Kilo Tons)
Table 4. North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Table 5. North America Iron Casting Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 6. North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 7. North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by Process
Table 8. North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 9. North America Iron Casting Market – Volume and Forecast to 2031 (Kilo Tons) – by Country
Table 10. North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 11. United States: North America Iron Casting Market –Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 12. United States: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 13. United States: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by Process
Table 14. United States: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 15. Canada: North America Iron Casting Market –Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 16. Canada: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 17. Canada: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by Process
Table 18. Canada: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by End Use
Table 19. Mexico: North America Iron Casting Market –Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 20. Mexico: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 21. Mexico: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by Process
Table 22. Mexico: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million) – by End Use

Figure 1. North America Iron Casting Market Segmentation, by Geography
Figure 2. North America Iron Casting Market – Porter’s Analysis
Figure 3. Ecosystem: Iron Casting Market
Figure 4. Fluctuations in Iron Ore Prices from January 2019 to April 2023
Figure 5. North America Iron Casting Market Impact Analysis of Drivers and Restraints
Figure 6. North America Iron Casting Market Volume (Kilo Tons), 2021–2031
Figure 7. North America Iron Casting Market Revenue (US$ Million), 2023–2031
Figure 8. North America Iron Casting Market Share (%) – Type, 2023 and 2031
Figure 9. Grey Iron: North America Iron Casting Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 10. Grey Iron: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Ductile Iron: North America Iron Casting Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 12. Ductile Iron: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Others: North America Iron Casting Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 14. Others: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. North America Iron Casting Market Share (%) – Process, 2023 and 2031
Figure 16. Die Casting: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Centrifugal Casting: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Sand Casting: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Investment Casting: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Others: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. North America Iron Casting Market Share (%) – End Use, 2023 and 2031
Figure 22. Automotive: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. Industrial Machinery: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Aerospace: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 25. Building and Construction: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 26. Energy: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 27. Marine: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 28. Others: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 29. North America Iron Casting Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 30. United States: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 31. Canada: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 32. Mexico: North America Iron Casting Market – Revenue and Forecast to 2031 (US$ Million)
Figure 33. Heat Map Analysis
Figure 34. Company Positioning & Concentration