Industry Statistics and Trends
Iron & Steel Casting in Europe key trends
The shift to electric vehicles hits sales.
Iron and steel casters are having to adjust their strategies, as EVs require fewer cast components than traditional vehicles.
CO2 standards drive sustainable investments.
Iron and steel casters in countries like France, Germany, Italy and Sweden will continue to invest in cleaner technologies to comply with restrictive emissions legislation.
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Iron & Steel Casting in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Iron & Steel Casting in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 5.6 % over the past five years, to reach an estimated €23.4bn in 2024.
Trends and Insights
The shift towards electric vehicles eats into sales
- The hike in sales of electric vehicles (EVs) has significantly affected Europe's iron and steel casting industry. Since EVs require fewer casted components than combustion-engine vehicles, this trend poses a challenge for the market.
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Iron & Steel Casting in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Stringent CO2 emissions standards drives sustainable investment
- Europe's iron and steel casters are bracing themselves for tighter environmental regulations, especially companies in France, Germany, Italy and Sweden, which are known for strict CO2 emissions.
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Revenue
€23.4bn
Employees
181k
Wages
€X.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Iron & Steel Casting in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Sidenor Aceros Especiales SL | 1,068.0 | 29.0 | 2.7 | |
Georg Fischer AG | 3,999.0 | 169.2 | 4.2 | |
Acerinox Europa SAU | 536.0 | 189.0 | 35.3 |
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Iron & Steel Casting in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Iron & Steel Casting industry in Europe in 2024?
The market size of the Iron & Steel Casting industry in Europe is €23.4bn in 2024.
How many businesses are there in the Iron & Steel Casting in Europe industry in 2024?
There are 3,521 businesses in the Iron & Steel Casting industry in Europe, which has declined at a CAGR of 0.5 % between 2019 and 2024.
Has the Iron & Steel Casting industry in Europe grown or declined over the past 5 years?
The market size of the Iron & Steel Casting industry in Europe has been declining at a CAGR of 5.6 % between 2019 and 2024.
What is the forecast growth of the Iron & Steel Casting industry in Europe over the next 5 years?
Over the next five years, the Iron & Steel Casting industry in Europe is expected to grow.
What does the Iron & Steel Casting in Europe include?
Steel castings for machinery and mechanical appliances and Steel castings for locomotives and rolling stock are part of the Iron & Steel Casting industry.
Which countries have the most businesses in the Iron & Steel Casting industry in Europe?
The European country with the most businesses in the Iron & Steel Casting industry is Czechia.
How competitive is the Iron & Steel Casting industry in Europe?
The level of competition is moderate and increasing in the Iron & Steel Casting industry in Europe.
Related Industries
This industry is covered in 37 countries
- Iron & Steel Casting in Austria
- Iron & Steel Casting in Romania
- Iron & Steel Casting in Norway
- Iron & Steel Casting in Hungary
- Iron & Steel Casting in the UK
- Iron & Steel Casting in Denmark
- Iron & Steel Casting in Germany
- Iron & Steel Casting in Malta
- Iron & Steel Casting in Croatia
- Iron & Steel Casting in Greece
- Iron & Steel Casting in Russia
- Iron & Steel Casting in Slovakia
- Iron & Steel Casting in Switzerland
- Iron & Steel Casting in Poland
- Iron & Steel Casting in Finland
- Iron & Steel Casting in Slovenia
- Iron & Steel Casting in Bulgaria
- Iron & Steel Casting in Portugal
- Iron & Steel Casting in Czechia
- Iron & Steel Casting in Serbia
- Iron & Steel Casting in Turkey
- Iron & Steel Casting in Ireland
- Iron & Steel Casting in Estonia
- Iron & Steel Casting in Iceland
- Iron & Steel Casting in Europe
- Iron Casting in the UK
- Steel Casting in the UK
- Steel Casting in Germany
- Iron Casting in Germany
- Iron & Steel Casting in Spain
- Iron & Steel Casting in France
- Iron & Steel Casting in Lithuania
- Iron & Steel Casting in the Netherlands
- Iron & Steel Casting in Belgium
- Iron & Steel Casting in Italy
- Iron & Steel Casting in Sweden
- Iron & Steel Casting in Latvia
- Iron & Steel Casting in Bosnia & Herzegovina
Table of Contents
About this industry
Industry definition
Iron and steel casters operate foundries that produce iron or steel products. The production process involves pouring molten iron or steel into moulds to create products of various shapes and sizes, including tubes, pipes and related fittings.
Related Terms
FERROUS METALLURGY CENTRIFUGAL MACHINEALLOY STEELWhat's included in this industry?
Steel castings for machinery and mechanical appliancesSteel castings for locomotives and rolling stock Steel and iron tube and pipe fittingsSteel castings for land vehicles Grey iron castings Ductile iron castings Malleable iron castingsCompanies
Sidenor Aceros Especiales SLGeorg Fischer AGAcerinox Europa SAUIndustry Code
2431 - Casting of iron and steel in Europe
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Performance
Key Takeaways
The shift towards electric vehicles eats into sales
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Iron & Steel Casting in Europe industry (2011 -2029)
- Employees in the Iron & Steel Casting in Europe industry (2011 -2029)
- Business in the Iron & Steel Casting in Europe industry (2011 -2029)
- Profit in the Iron & Steel Casting in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Iron & Steel Casting in Europe industry?
Outlook
Analysis
What's driving the Iron & Steel Casting in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Iron & Steel Casting in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Iron & Steel Casting in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Steel casting production faces pressure from high interest rates. Environmental concerns about the significant energy required to produce steel castings is also putting a squeeze on sales.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Iron & Steel Casting in Europe industry's products and services performing?
Analysis
What are innovations in the Iron & Steel Casting in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Iron & Steel Casting in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Moderate concentration characterises Europe’s iron and steel casting market. While a few dominant manufacturers control a significant portion of the market, competition is still fierce.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Sidenor Aceros Especiales SL
- Countries of operation for Georg Fischer AG
- Countries of operation for Acerinox Europa SAU
- Countries of operation for Lucchini RS SpA
- Countries of operation for William Cook Holdings Ltd
- Countries of operation for Smelting Performers Group SL
- Countries of operation for Les Bronzes d'Industrie SA
- Countries of operation for Allard Europe NV
- Countries of operation for Zanardi Fonderie SpA
- Countries of operation for Saint-Gobain PAM
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
European iron and steel casters come up against stringent regulations. European laws necessitate the reduction of carbon emissions and energy usage, enforce anti-dumping duties and promote fair competition.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Iron & Steel Casting in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Rising energy costs damage profit. Russia’s invasion of Ukraine drove a huge surge in energy prices, pushing up casters’ costs and eating into their returns. It also cut into demand for iron and steel commodities, further limiting profit.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Iron & Steel Casting in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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