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Continuous Casting Machine Market Forecast: What Value Will The Market Reach By 2030?
The continuous casting machine market has shown significant growth in recent years. It is anticipated to expand from $4.32 billion in 2025 to $4.6 billion in 2026, achieving a compound annual growth rate (CAGR) of 6.4%. This historical expansion can be linked to factors such as the rising global demand for steel, the expansion within metallurgical industries, the adoption of basic continuous casting systems, the increase in infrastructure development projects, and growing industrialization in emerging economies.
The continuous casting machine market size is anticipated to undergo significant expansion in the next few years. It is projected to reach $5.95 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.7%. This growth over the forecast period is fueled by an increasing need for high-quality steel products, greater automation in metal manufacturing, the development of smart steel plants, a heightened focus on production efficiency and yield optimization, and the adoption of AI-assisted process control in metallurgy. Prominent trends expected during this period include the expanding use of automated mold level control systems in continuous casting, the growing integration of real-time process monitoring in steel production, a rising demand for energy-efficient casting machines, the increased implementation of thin slab casting for cost-efficient steel production, and the growing application of predictive maintenance in metallurgical equipment.
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Continuous Casting Machine Market Demand Drivers: What’s Powering Industry Growth?
The anticipated expansion of steel output is set to drive the continuous casting machine market’s future growth. This process involves creating steel products fit for use, utilizing raw materials like iron ore, scrap, and various additives, through stages of melting, refining, and casting. The surge in steel output is attributed to enhanced industrialization and significant infrastructure projects in leading economies, necessitating greater steel volumes for construction, manufacturing, and transportation sectors. A continuous casting machine improves steel manufacturing by efficiently converting molten steel into precise semi-finished forms, thereby cutting down production duration, reducing material wastage, and guaranteeing uniform quality for subsequent manufacturing steps. As an illustration, in January 2025, the World Steel Association, a Belgium-based non-profit organization, reported that crude steel production worldwide from the 71 countries hit 144.5 million tonnes (Mt) in December 2024, which was a 5.6% increase compared to December 2023. This expanding volume of steel production is consequently fueling the expansion of the continuous casting machine market.
Continuous Casting Machine Market Segment Analysis Spotlighting Growth Areas
The continuous casting machine market covered in this report is segmented –
1) By Type: Billet Casting, Bloom Casting, Slab Casting, Beam Blank Casting, Other Types
2) By Casting Process: Vertical, Horizontal
3) By Capacity: Small, Medium, Large
4) By Application: Steel, Copper, Aluminum, Other Applications
5) By End-User: Metallurgical Industry, Foundries, Other End-Users
Subsegments:
1) By Billet Casting: Square Billet Continuous Casting Machines, Rectangular Billet Continuous Casting Machines, Multi Strand Billet Continuous Casting Machines, High Speed Billet Continuous Casting Machines
2) By Bloom Casting: Square Bloom Continuous Casting Machines, Rectangular Bloom Continuous Casting Machines, Large Section Bloom Continuous Casting Machines, Multi Strand Bloom Continuous Casting Machines
3) By Slab Casting: Wide Slab Continuous Casting Machines, Thin Slab Continuous Casting Machines, Thick Slab Continuous Casting Machines, Curved Mold Slab Continuous Casting Machines
4) By Beam Blank Casting: Universal Beam Blank Continuous Casting Machines, Asymmetric Beam Blank Continuous Casting Machines, Heavy Section Beam Blank Continuous Casting Machines, Structural Beam Blank Continuous Casting Machines
5) By Other Types: Round Bar Continuous Casting Machines, Strip Continuous Casting Machines, Near Net Shape Continuous Casting Machines, Customized Shape Continuous Casting Machines
Continuous Casting Machine Market Innovation Trends: What Developments Are Reshaping The Industry?
Leading companies in the continuous casting machine market are focused on developing innovative products, such as robotic automation systems, to improve safety, boost efficiency, and ensure consistent product quality. Robotic automation systems are mechanized, programmable machines engineered to execute repetitive, precise, or hazardous tasks in industrial processes, thereby aiding in enhancing operational efficiency, guaranteeing uniform product quality, reducing human error, minimizing material wastage, and elevating worker safety in high-risk environments. For instance, in October 2025, RHI Magnesita Aktiengesellschaft, an Austria-based industrial refractory solutions company, introduced a robotic caster system at JSW Vijayanagar, a prominent steel manufacturing facility. This system integrates automated pouring, slag handling, and mold cleaning functionalities, improving casting precision and operational safety while increasing throughput. Its construction involves high-grade refractory materials and advanced robotics, ensuring durability under extreme temperatures and consistent operation. The technology enables reduced labor dependency, enhanced product quality, and optimized energy consumption, making it appropriate for large-scale steel production facilities aiming for modernization and efficiency improvements.
Continuous Casting Machine Market Competitive Landscape: Which Companies Lead The Industry?
Major companies operating in the continuous casting machine market are Nippon Steel Engineering Co. Ltd., IHI Corporation, Southwire Company LLC, Danieli & C. Officine Meccaniche S.p.A., Sinosteel Engineering & Technology Co. Ltd., SMS group GmbH, Tenova S.p.A., Primetals Technologies Limited, Inductotherm Group Inc., Sarralle Group, JP Steel Plantech Co. Ltd., Retech Systems LLC, Electrotherm (India) Limited, SAMA S.r.l., Properzi International Inc., Continuus-Properzi S.p.A., STS S.r.l., ABAX SARL, Hazelett Corporation, Shanghai Metallurgical Equipment Group Co. Ltd.
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Continuous Casting Machine Market Regional Outlook: Where Is Opportunity Concentrated?
Asia-Pacific was the largest region in the continuous casting machine market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the continuous casting machine market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.