Forecast: Casting of Steel Market Size Value in France

In 2023, the value of the steel casting market in France stood at 569.45 million Euros. The market experienced varied trends from 2013 to 2023, with significant downturns notably in 2020 (-18.51%) and moderate recuperation in 2021 (+18.29%). Over the last five years (2019-2023), the market demonstrated a compound annual growth rate (CAGR) of -1.71%, indicating an overall decline.

Future projections from 2024 to 2028 suggest a continued decline at a CAGR of -1.61%, resulting in a projected market value of 514.5 million Euros by 2028. This reflects a forecasted overall reduction of 7.78% over the next five years.

Future trends to watch for include:

• Technological advancements and automation in the casting process
• Shifts in regulatory policies regarding emissions and industrial processes
• Market dynamics influenced by global economic conditions and demand fluctuations in key industries
• Increasing emphasis on recycling and sustainable practices in the steel industry
• Potential impacts of new trade agreements or tariffs