Share this article NEW YORK, April 21, 2021 /PRNewswire/ -- The industrial casting market in the US is set to grow by USD 3.87 billion, progressing at a CAGR of over 5% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Technavio has announced its latest market research report titled Industrial Casting Market in US by Product and End-user - Forecast and Analysis 2021-2025
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alcoa Corp., Avalon Precision Casting, ESCO Corp., Great Lakes Castings LLC, Impro Precision Industries Ltd., KSB SE, and Co. KGaA, Meridian Lightweight Technologies Inc., Neenah Foundry, OSCO Industries Inc., and Titanium Metals Corp. are some of the major market participants. The growing demand from the automotive industry will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.