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Nonferrous Metal Foundry Products Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Nonferrous Metal Foundry Products Manufacturing Market Research Report | NAICS 33152 | Jun 2014

Lighter load: Growing demand from automobile manufacturers will boost industry revenue

IBISWorld’s Nonferrous Metal Foundry Products Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$15bn
Annual Growth 09-14
8.5%
Annual Growth 14-19
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Profit
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Employment
54,979
Businesses
989
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Nonferrous Metal Foundry Products Manufacturing Industry?

This industry primarily melts and pours nonferrous metals into molds of a desired shape to make castings. The castings are made from purchased metals or in integrated secondary smelting and casting facilities. The main nonferrous metals the industry uses are aluminum, copper, magnesium, titanium and zinc.

Industry Products
Aluminum foundry productsCopper foundry productsMagnesium foundry productsZinc and lead foundry productsNickel, cobalt and titanium foundry productsOther nonferrous metal foundry products
 
Industry Activities
Aluminum and aluminum-base alloy castingCopper and copper-base alloy castingMagnesium and magnesium-base alloy castingZinc and zinc-base alloy castingTitanium and titanium-base alloy casting


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