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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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
Annual Growth 12-17
Annual Growth 17-22
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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 - Starting a New Business Chapter

Barriers to entry are moderate in the industry, as is evidenced by the large number of small companies. Nevertheless, barriers to entry are relatively high for casting operations involving higher levels of technology (such as complex internal passages, thin walls and complex metallurgy). Often, only specialist foundries have the technical capability to supply niche castings.

The major barriers to entering the industry involve the costs of purchasing foundry equipment, recruiting trained employees, securing reliable and cost-effective supplies and building up a viable customer base. Steel casters employ staff with engineering and trade skills. Sometimes, customers outsource engineering design services to firms in this industry.

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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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