In 2023, the European casting of the steel market experienced varying trends across countries. Germany led with a market size value of 1.5701 billion euros, despite a slight decline of 0.37%. France and Italy faced notable contractions in market size by 1.71% and 2.04%, respectively. Conversely, Spain and the Czech Republic observed positive growth, with Spain at 1.24% and the Czech Republic at 1.27%. Hungary experienced the highest year-on-year increase at 2.45%, while Poland saw a significant drop of 14.7%.
Future trends to watch in this market include increased focus on sustainable and environmentally friendly steel production practices. The shift towards digitalization and technological innovation within the casting process is also expected to drive growth. Demand fluctuations linked to the rise of electric vehicles and renewable energy infrastructure development may influence market dynamics further.
Top countries in Casting of Steel Market Size Value by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,570,100,000 | 2023 | -0.24% | -0.37% | View data |
| 2 | 2 France | 569,450,000 | 2023 | -1.81% | -1.71% | View data |
| 3 | 3 Spain | 505,790,000 | 2023 | +1.24% | +1.24% | View data |
| 4 | 4 Italy | 311,630,000 | 2023 | -4.92% | -2.04% | View data |
| 5 | 5 Austria | 224,720,000 | 2023 | +1.65% | +0.8% | View data |
| 6 | 6 Czech Republic | 190,390,000 | 2023 | -8.31% | +1.27% | View data |
| 7 | 7 Romania | 46,823,000 | 2023 | -1.84% | -1.76% | View data |
| 8 | 8 Bulgaria | 32,987,000 | 2023 | +1.13% | +1.38% | View data |
| 9 | 9 Hungary | 25,792,000 | 2023 | +1% | +2.45% | View data |
| 10 | 10 Poland | 21,766,000 | 2023 | -21.76% | -14.7% | View data |
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