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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 - Starting a New Business Chapter

Barriers to entry in the Nonferrous Metal Foundry Products Manufacturing industry are high, reducing industry attractiveness and leading to a decline in operator numbers even in growth years. The scale of investment — building bigger or more efficient manufacturing facilities — can discourage potential industry entrants from challenging incumbents because such large facilities require a tremendous amount of capital. There are high costs associated with the construction and development of a new foundry, which is a significant deterrent to entry as many newer, smaller companies lack the large amount of necessary capital.

Existing players have close-knit relationships with customers, making it difficult for a new foundry to sell its products... 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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