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 2015, 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 continue recovering as consumers increase spending on cars and air travel... purchase to read more
Industry Report - Industry Locations Chapter
The location of manufacturing establishments is influenced by proximity to raw materials, supplies and, to a lesser extent, wholesalers. Historically, proximity to coal, raw materials and water for processing, cooling and transporting were the main determinants of industry operators' location in the United States. Today, foundries are more likely to be found where metal inputs are readily available, electricity is affordable and customers are in close proximity.
The Great Lakes
The Great Lakes region is the largest producer of nonferrous castings, accounting for 33.5% of industry establishments. The region's importance reflects the fact that key customers in the automotive industry are also based around the Great Lakes... purchase to read more