Continuous Casting Machine Market Report 2026

Continuous Casting Machine Market Overview

• Continuous Casting Machine market size has reached to $4.32 billion in 2025 • Expected to grow to $5.95 billion in 2030 at a compound annual growth rate (CAGR) of 6.7% • Growth Driver: Increasing Steel Production Driving The Market Growth Due To Rising Industrialization And Infrastructure Development • Market Trend: Advancements In Automated Steel Casting Technology Driving Efficiency, Precision, And Safety In Modern Production • Asia-Pacific was the largest region and fastest growing region.

What Is Covered Under Continuous Casting Machine Market?

A continuous casting machine is an industrial device used to solidify molten metal into semi-finished shapes. It operates by continuously pouring the molten metal into a water-cooled mold, allowing it to solidify as it moves through the machine. It enhances production efficiency, improves metal quality, and minimizes the need for additional shaping. The main types of continuous casting machines include billet casting, bloom casting, slab casting, beam blank casting, and other types. Billet casting machines are specialized equipment designed to continuously cast molten metal into uniform shapes with precise dimensions and high surface quality, thereby improving efficiency in metal production. These machines operate through different casting processes, including vertical and horizontal methods, and are available in multiple capacities such as small, medium, and large. Their applications span materials including steel, copper, aluminum, and others, and they are used by end users such as the metallurgical industry, foundries, and others.

What Is The Continuous Casting Machine Market Growth Forecast?

The continuous casting machine market size is expected to see strong growth in the next few years. It will grow to $5.95 billion by 2030 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to growing demand for high-quality steel products, increasing automation in metal manufacturing, expansion of smart steel plants, rising focus on production efficiency and yield optimization, adoption of AI-assisted process control in metallurgy. Major trends in the forecast period include increasing adoption of automated mold level control systems in continuous casting, rising integration of real-time process monitoring in steel production, growing demand for energy-efficient casting machines, expansion of thin slab casting for cost-efficient steel production, rising use of predictive maintenance in metallurgical equipment.

Global Continuous Casting Machine Market Segmentation

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

What Is The Driver Of The Continuous Casting Machine Market?

The increasing steel production is expected to propel the growth of the continuous casting machine market going forward. Steel production refers to the process of manufacturing steel from raw materials such as iron ore, scrap, and other additives through melting, refining, and casting to produce usable steel products. Steel production is rising due to increased industrialization and large-scale infrastructure development in major economies, which require higher steel output to support construction, manufacturing, and transportation needs. Continuous casting machine enhances steel production by efficiently transforming molten steel into semi-finished shapes with high precision, reducing production time, minimizing material waste, and ensuring consistent quality for downstream manufacturing processes. For instance, in January 2025, according to the World Steel Association, a Belgium-based non-profit organization, world crude steel production from the 71 countries reached 144.5 million tonnes (Mt) in December 2024, marking a 5.6% increase compared to December 2023. Therefore, the increasing steel production is driving the growth of the continuous casting machine industry.

Key Players In The Global Continuous Casting Machine Market

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.

Global Continuous Casting Machine Market Trends and Insights

Major companies operating in the continuous casting machine market are focusing on developing innovative products, such as robotic automation systems, to enhance safety, improve efficiency, and ensure consistent product quality. Robotic automation systems are mechanized and programmable machines designed to perform repetitive, precise, or hazardous tasks in industrial processes, helping improve operational efficiency, ensure consistent product quality, reduce human error, minimize material wastage, and enhance worker safety in high-risk environments. For instance, in October 2025, RHI Magnesita Aktiengesellschaft, an Austria-based industrial refractory solutions company, launched a robotic caster system at JSW Vijayanagar, a leading steel manufacturing facility. This system features automated pouring, slag handling, and mold cleaning functions, enhancing casting precision and operational safety while increasing throughput. Its composition includes high-grade refractory materials and advanced robotics, ensuring durability under extreme temperatures and consistent performance. The technology allows for reduced labor dependency, improved product quality, and optimized energy consumption, making it suitable for large-scale steel production facilities seeking modernization and efficiency gains.

What Are Latest Mergers And Acquisitions In The Continuous Casting Machine Market?

In February 2026, Hüttenwerke Krupp Mannesmann (HKM), a Germany-based manufacturing company, partnered with Primetals Technologies to supply its Mold Expert Fiber system for the Duisburg plant. With this partnership, HKM aims to enhance continuous casting operations by leveraging advanced mold monitoring technology to gain real-time insights into meniscus shape, mold powder behavior, and taper accuracy, while improving early detection of critical events and supporting the development of advanced intermediate steel grades. Primetals Technologies Limited is a UK-based manufacturing company specializes in providing continuous casting machines.

Regional Insights

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 this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Continuous Casting Machine Market?

The continuous casting machine market consists of sales of thin slab casters, curved mold continuous casting machines, twin-roll casters, compact strip production (CSP) casting machines, and vertical continuous casting systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Continuous Casting Machine Market Report 2026?

The continuous casting machine market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the continuous casting machine industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.