In 2023, Italy's iron casting industry reported a turnover of 1.38 billion Euros. Forecast data indicates a gradual annual decrease: 1.34 billion in 2024, 1.3 billion in 2025, 1.26 billion in 2026, 1.23 billion in 2027, and 1.19 billion in 2028. Year-on-year changes reflect a consistent decline, and the compound annual growth rate (CAGR) shows an average annual decrease over this period.
Future trends to watch for include:
- Potential technological advancements that could enhance cost efficiency.
- Market demand shifts influenced by global economic conditions.
- Environmental regulations impacting production processes.
- Developments in alternative materials affecting iron casting demand.
