The forecast for the sold production of ductile iron castings for machinery and mechanical appliances, excluding for piston engines in France, shows a declining trend from 2024 to 2028. Starting from a forecasted value of 90.696 million euros in 2024, the market is expected to shrink steadily with values decreasing annually, reaching 68.74 million euros by 2028. Key year-on-year percentage declines are evident, highlighting the contraction of this segment. Compared to its standing in 2023, the CAGR over the five-year period indicates a substantial annual decrease in production value.
Future trends to watch include:
- Potential technological advancements in machinery and appliance materials that could disrupt demand for ductile iron castings.
- Shifts in regulatory or environmental policies affecting production costs or preferences.
- Economic factors impacting the machinery and mechanical appliances sector as a whole, influencing demand for components like ductile iron castings.