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Steel Casting in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Steel Casting Market Research Report | SIC C24.520 | Jan 2017

Steeled for growth: Rising demand from downstream industries supports revenue expansion

IBISWorld’s Steel Casting market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Goodwin Steel Castings Ltd Goodwin Steel Castings Ltd market share
Sheffield Forgemasters Engineering Ltd Sheffield Forgemasters Engineering Ltd market share
William Cook Holdings Ltd William Cook Holdings Ltd market share
Industry Statistics & Market Size
Revenue
£274m
Annual Growth 12-17
-6.1%
Annual Growth 17-22
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Profit
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Employment
2,795
Businesses
91
Industry Analysis & Industry Trends

Industry revenue is expected to decline at a compound annual rate of 6.1% over the five years through 2016-17. Revenue is influenced by demand trends, as well as changes in steel prices. Steel prices are expected to have declined overall during the past five years, despite registering significant year-on-year fluctuations. This instilled a high degree of revenue volatility. Industrial production activity is projected to have remained stagnant, negatively influencing demand for steel castings, as they are widely used in engineered products. However, residential and non-residential building construction activity rebounded and had a favourable influence on demand... purchase to read more

Industry Report - Industry Products Chapter

Tube and pipe fittings

Tube and pipe fittings of cast steel are expected to account for 48.7% of industry revenue in 2016-17, making it the largest segment of the industry. Industry operators produce various types of steel tubes and pipe fittings. These are used in buildings, water and sewerage infrastructure, automobiles and machinery. Operators in the energy sector also purchase tubes and pipes fittings from industry operators. This segment's share of revenue is expected to have remained relatively stable during the past five years. This was mainly because it is used by a wide variety of industries.

Steel castings for machinery and mechanical appliances

This segment is estimated to account for 31.9% of industry revenue in 2016-17. Ind.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Steel Casting Industry?

Companies in this industry operate foundries that cast steel.

Industry Products
Steel castings for machinery and mechanical applianceSteel castings for locomotives and rolling stockTube and pipe fittingsVehicle components
 
Industry Activities
Producing tube and pipe fittings of cast steelProducing steel castings for machinery and mechanical appliances Producing steel castings for locomotives and rolling stock Producing steel castings for vehicles


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