Continuous casting machine market seen growing to $5.95 billion by 2030

By AI, Created 1:41 PM UTC, May 25, 2026, /AGP/ – The continuous casting machine market reached $4.32 billion in 2025 and is projected to hit $5.95 billion by 2030, driven by higher steel demand and automation in metal manufacturing. Asia-Pacific held the largest share in 2025 and is expected to grow fastest as steel output and infrastructure buildouts continue.

Why it matters: - Continuous casting machines sit at the center of steel production, turning molten metal into semi-finished forms with less waste and more consistency. - Rising steel output, infrastructure spending and factory automation are pushing demand for equipment that improves throughput and product quality. - The market’s growth signals more investment in modern steelmaking capacity, especially in fast-growing industrial economies.

What happened: - The continuous casting machine market reached $4.32 billion in 2025. - The market is projected to rise to $4.6 billion in 2026. - The market is forecast to reach $5.95 billion by 2030. - The forecast implies a 6.4% CAGR from 2025 to 2026 and a 6.7% CAGR through 2030. - The Business Research Company published the report on May 27, 2026. - The report covers market size, trends, regional dynamics and future prospects for continuous casting machines. - A free sample and the full report are available through the company’s sample request page and the full market report.

The details: - Continuous casting machines transform molten metal into semi-finished forms in a water-cooled mold as the material solidifies while moving through the machine. - The process improves efficiency and metal quality while reducing the need for additional shaping or processing. - Growth in the historical period has been driven by higher global steel consumption, expansion in metallurgical sectors and adoption of basic continuous casting technology. - Booming infrastructure projects and industrialization in emerging economies have added to demand. - The report says future growth will be supported by demand for higher-quality steel products and deeper automation in metal manufacturing. - The report also points to smart steel plants, AI-assisted process controls, automated mold level control, real-time process monitoring, energy-efficient casting technologies, thin slab casting and predictive maintenance as key trends. - World Steel Association data published in January 2025 showed crude steel production across 71 countries reached 144.5 million tonnes in December 2024, up 5.6% from a year earlier. - The report says this rise in steel output supports demand for continuous casting machines. - In 2025, Asia-Pacific held the largest share of the continuous casting machine market. - Asia-Pacific is also expected to be the fastest-growing region moving forward. - The report also analyzes South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. - The 2026 report package adds market attractiveness scoring, total addressable market analysis, company scoring matrix graphics and tables, Excel forecasting dashboards, market hotspots infographics, key technology analysis and future trend analysis.

Between the lines: - The market forecast suggests steel producers are shifting from basic capacity expansion toward more automated, efficiency-focused plants. - Asia-Pacific’s lead likely reflects both the region’s scale in steelmaking and continued industrial expansion. - The emphasis on predictive maintenance and AI tools shows the market is moving toward equipment that reduces downtime, not just equipment that increases output.

What’s next: - Continued steel demand and infrastructure spending are likely to keep orders for continuous casting equipment growing through 2030. - Suppliers that can deliver automation, energy efficiency and process monitoring tools may gain an edge as steel plants modernize. - The report’s regional and technology breakdowns point to more competition around smart casting systems and lower-cost production methods.