Industry Analysis & Industry Trends
Nonferrous metal foundries depend primarily on demand from motor vehicle and aircraft manufacturers, which collectively account for more than half of industry revenue. During the five years to 2014, the global economic downturn slashed demand for automobiles and air travel, resulting in the restructuring of major automakers, decreased car and aircraft production and a sharp drop in industry revenue. However, industry revenue is expected to recover after the recession when consumers increase spending on cars and air travel. Over the years to 2019, consumers will continue to spend on cars and air travel and globalization will lead to industry consolidation, creating larger foundries that are better positioned to serve customers... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Nonferrous Metal Foundry Products Manufacturing industry is mature. Industry output is slowly declining over the long-term, with revenue growth primarily driven by higher prices for more value-added products and rather than output growth. Industry value added (IVA), or contribution to the overall economy, is expected to grow at an annualized rate of 3.7% over the 10 years to 2019. Similarly, US GDP is expected to grow at an average annual rate of 2.7% over the same period, indicating an industry in line with the overall economy. In addition, consolidation and well-established products and technologies are reflective of the industry's maturity.
The industry's major manufacturing customers (e.g... purchase to read more