In 2023, the sold production value of grey iron castings for critical automotive components in Italy stood at 28.2 million euros. The forecast for 2024 through 2028 shows a steady year-on-year growth trend, with values expected to rise from 28.512 million euros in 2024 to 29.59 million euros by 2028. The compound annual growth rate (CAGR) from 2023 to 2028 suggests a moderate increase, reflecting consistent demand in the automotive and industrial sectors.
Future Trends to Watch:
- Technological advancements in casting techniques enhancing efficiency.
- Potential shifts towards lightweight materials affecting grey iron demand.
- Regulatory impacts on manufacturing processes and environmental standards.
- Global economic conditions and trade policies influencing market dynamics.
