Striking hot iron: Rising industrial production and construction activity will fire up industry demand

Over the five years to 2017, domestic manufacturing activity has climbed, driving demand for ferrous foundry products. In addition, previously delayed construction projects picked up again and input cost for iron and steel have declined since 2013. While this benefits industry margins, lower iron and steel prices lead to reduced raw material surcharges and therefore lower product prices. In addition, weaker demand from the machinery manufacturing sector has placed downward pressure on industry performance during the latter half of the five-year period. Overall, industry revenue is expected to decline over the five years to 2017. Over the five years to 2022, rising industrial production and construction activity will drive revenue growth...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies

Industry Threats & Opportunities

  • Returning demand from construction markets has supported industry recovery
  • The competitive nature of the industry means operators are not easily able to keep prices high as their input costs decline
  • Operators will face more competition from castings made of nonferrous materials or plastic
  • Industry Report - Industry Locations Chapter

    Industry activity is concentrated in the Great Lakes, Southeast, West, Southwest and Mid-Atlantic regions. Initially, metal casting companies were located in areas that enabled them to take advantage of proximity to raw materials, coal and water for cooling, processing and transportation. As the industry developed, facilities were built where electricity could be obtained at a reasonable cost. The location of operators in the industry is also influenced by factors such as population dispersion, general economic activity and construction investment. In general, more populated regions will have a greater demand for ferrous castings. The geographic spread of the industry has remained relatively stable.The Great LakesThe Great Lakes region accounts for 36.5% o...purchase to read more.

    Additional Insights for the Ferrous Metal Foundry Products Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Ferrous Metal Foundry Products Industry are

  • Effective quality control
  • Involvement of all stakeholders
  • Having a diverse range of clients
  • IBISWorld analysts also discuss how external factors such as Industrial production index and World price of iron ore in the Ferrous Metal Foundry Products industry impact industry performance..

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    What's in this report

    What is the Ferrous Metal Foundry Products Industry?

    Companies in this industry pour molten iron and steel into molds of a desired shape to make castings. Companies purchase ferrous metal inputs from iron and steel manufacturers. The industry does not include companies that cast iron and steel they manufacture themselves.

    Industry Products
  • Gray iron foundries
  • Ductile iron foundries
  • Commoditized carbon steel castings
  • Value-added steel investment cast products
  • Corrosion-resistant steel castings
  • Industry Activities
  • Manufacturing iron castings
  • Manufacturing steel castings
  • Manufacturing finished iron products
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • World price of iron ore
  • World price of steel
  • Value of construction
  • Trade-weighted index

  • Current Performance
  • Fluctuating prices
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Bracing for more competition
  • Continuing to consolidate
  • Table: Ferrous Metal Foundry Products Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Ferrous Metal Foundry Products Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Iron & Steel Manufacturing
  • Metal Pipe & Tube Manufacturing
  • Steel Rolling & Drawing
  • Metal Stamping & Forging
  • Hand Tool & Cutlery Manufacturing
  • Structural Metal Product Manufacturing
  • Sheet Metal, Window & Door Manufacturing
  • Boiler & Heat Exchanger Manufacturing
  • Machine Shop Services
  • Valve Manufacturing

  • Key Selling Industries
  • Ball Bearing Manufacturing
  • Guns & Ammunition Manufacturing
  • Iron & Steel Manufacturing
  • Metalworking Machinery Manufacturing
  • Sand & Gravel Mining
  • Steel Rolling & Drawing

  • Products & Services
  • Ductile iron foundries
  • Gray iron foundries
  • Value-added steel investment cast products
  • Corrosion-resistant steel castings
  • Commoditized carbon steel castings
  • Other
  • Chart: Ferrous Metal Foundry Products Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Machinery
  • Transportation equipment
  • General manufacturing
  • Construction
  • Fabricated metal products
  • Exports
  • Other
  • Chart: Major Market Segmentation for the Ferrous Metal Foundry Products Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilities, depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Ferrous Metal Foundry Products

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Ferrous Metal Foundry Products Industry

  • Industry Globalization
    Waupaca Foundry Inc., Precision Castparts Corp.,
  • Table: Waupaca Foundry Inc. - financial performance
  • Table: Precision Castparts Corp. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Ferrous Metal Foundry Products Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Ferrous Metal Foundry Products Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Industrial production index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • The process of pouring molten metal into a mold, allowing it to cool and then removing it to produce a metal shape.
  • Ductile Iron
  • Iron that has been made more flexible by the addition of magnesium.
  • Ferrous
  • Metal that contains iron.
  • Foundry
  • The buildings and works for casting metals.
  • Gray Iron
  • Iron with a high carbon content and relatively low tensile strength that is prone to fracture.
  • Ingot
  • Semi-processed metal shapes that usually require further shaping, such as cold and hot working, cutting or milling, to produce a useful final product.
  • Nonferrous
  • Metal other than iron and steel.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Ferrous Metal Foundry Products provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
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    This report on Ferrous Metal Foundry Products:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Ferrous Metal Foundry Products market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Ferrous Metal Foundry Products, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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