The sold production of ductile iron castings for key automotive components in Italy is forecasted to grow steadily between 2024 and 2028. In 2023, this industry stood at a significant level, though not specified in the data. Forecasts predict an increase from 50.861 million euros in 2024 to 66.453 million euros in 2028, reflecting robust growth in this sector.
- Year-on-Year Variation: From 2024 to 2025, the value is expected to increase by approximately 7.78%. Similarly, the growth continues with 7.15% in 2026, 6.6% in 2027, and 6.12% in 2028.
- 5-Year CAGR: This represents an average annual growth rate of around 6.88% over the forecasted period.
Future Trends to Watch: The steady growth in the ductile iron castings market may be influenced by increasing demands from the automotive sector, technological advancements in manufacturing processes, and the push for efficiency and sustainability in production. Monitoring global economic conditions, regulatory changes, and innovations in material sciences could impact these forecasts.
