North America Iron Casting Market Size, Share, and COVID-19 Impact Analysis, By Type (Gray Cast Iron, Ductile Cast Iron, and Malleable Cast Iron), By Application (Automotive, Machinery & Tools, Pipes & Fittings, Railways, Power Generation, and Others), and North America, Iron Casting Market Insights, Industry Trend, Forecasts to 2035

North America Iron Casting Market Insights Forecasts to 2035

• The North America Iron Casting Market Size Was Estimated at USD 17.73 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of Around 5.55% from 2025 to 2035
• The North America Iron Casting Market Size is Expected to Reach USD 32.12 Billion by 2035

According to a Research Report Published by Spherical Insights & Consulting, the North America Iron Casting Market Size is Anticipated to Reach USD 32.12 Billion by 2035, Growing at a CAGR of 5.55% from 2025 to 2035. Resurgent demand from end-use industries such as energy infrastructure, railroads, and machinery and tools is driving the iron casting market in North America.

Market Overview

The industry devoted to the manufacture, distribution, and usage of iron castings, such as malleable, ductile, and gray iron, is known as the North America iron casting market. These materials are utilized extensively in industrial machinery, waterworks, automotive, construction, and agricultural industries due to their affordability, strength, and durability. The manufacturing and use of iron castings in many industries, including construction, automotive, waterworks, agriculture, and industrial machinery, is the main focus of the North America iron casting market. The market is expected to rise as a result of rising investments in the railway industry for economic development in different nations. The demand for iron castings in North America is predicted to increase as a result of increased government expenditure in infrastructure upgrades throughout this region. The growing need for affordable, robust, and adaptable metal components in important industries, including construction, waterworks, automotive, agricultural, and industrial machinery, is driving the North America iron casting market.

Report Coverage

This research report categorizes the market for North America iron casting market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America iron casting market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America iron casting market. 

Driving Factors

The nation's vast car factories, producers of tools and machinery, and the growing need for pipes and fittings as a result of the petrochemical sector's expansion and infrastructure upgrades are driving the need for products. Growth in the North American iron casting market can be driven by technological developments in casting processes as well as the growing need for iron castings in the infrastructure, power generation, and automotive industries. Iron cast pipes are needed for water-related infrastructure projects and oil and gas projects, and the growing investments in the railway sector are expected to fuel the North America iron casting market expansion.

Restraining Factors

High energy costs, labor shortages, environmental requirements, fluctuating raw material prices, and competition from substitute materials are some of the problems impacting the North American iron casting market. Moreover, market expansion is hampered by import pressures and sustainability challenges. 

Market Segmentation

The North America iron casting market share is classified into type and application.

• The gray cast iron segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.

The North America iron casting market is segmented by type into gray cast iron, ductile cast iron, and malleable cast iron. Among these, the gray cast iron segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. High compressive strength, good damping capacity, high thermal conductivity, good machinability, low production costs, and good wear resistance are the main reasons gray cast iron is used so frequently. The product can be used in a wide range of applications, such as pipelines, tools and machines, and cars, due to these qualities.  

• The machinery & tools segment held a largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The North America iron casting market is segmented by application into automotive, machinery & tools, pipes & fittings, railways, power generation, and others. Among these, the machinery & tools segment held a largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The sector of machinery and tools is frequently used due to its high strength, superior machinability, and good resistance to wear. These are involved in the manufacturing of tools and machines for use in building, industry, and farming.     

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America iron casting market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Neenah Foundry
• Lemfco, Inc.
• Decatur Foundry
• Hitachi Metals, Ltd.
• OSCO Industries, Inc.
• Cadillac Casting Inc.
• Grupo Industrial Saltillo (GIS)
• Metal Technologies, Inc.
• Alloy Castings Industries Ltd.
• Others

Key Target Audience 

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at North America, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the North America iron casting market based on the below-mentioned segments:

North America Iron Casting Market, By Type

• Gray Cast Iron
• Ductile Cast Iron
• Malleable Cast Iron

North America Iron Casting Market, By Application

• Automotive
• Machinery & Tools
• Pipes & Fittings
• Railways
• Power Generation
• Others