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

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 current five-year period, lingering effects of 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. Over the next five-year period, the industry is expected to rebound due to growth in downstream demand, stabilizing input prices and a shift toward fuel efficiency that requires industry products...purchase to read more.

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

Industry Threats & Opportunities

  • Growth in downstream demand will support rising prices for nonferrous metals
  • Gradual conversion from metal piping to plastic alternatives has steadily shrunk demand for industry products
  • The industry will continue to benefit from strengthening demand from the automotive and aerospace markets
  • 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 LakesThe Great Lakes region is the largest producer of nonferrous castings, accounting for 32.6% of industry establishments. The region's importance reflects the fact that key customers in the automotive industry are also based around the Great Lakes. The...purchase to read more.

    Additional Insights for the Nonferrous Metal Foundry Products Manufacturing Industry

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

  • Financial structure of the company
  • Having a diverse range of clients
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Demand from car and automobile manufacturing and World price of aluminum in the Nonferrous Metal Foundry Products Manufacturing industry impact industry performance..

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    What's in this report

    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 die-cast products
  • Other aluminum foundry products
  • Die-cast products made from other nonferrous metals
  • Copper foundry products
  • Industry Activities
  • Aluminum and aluminum-base alloy casting
  • Copper and copper-base alloy casting
  • Magnesium and magnesium-base alloy casting
  • Zinc and zinc-base alloy casting
  • Titanium and titanium-base alloy casting
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from car and automobile manufacturing
  • World price of aluminum
  • Demand from aircraft, engine and parts manufacturing
  • Industrial production index
  • Price of nonferrous metals

  • Current Performance
  • Higher demand, lower prices
  • Key markets
  • Shifts to industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Battling competition
  • Finding a niche
  • Table: Nonferrous Metal Foundry Products Manufacturing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Hand Tool & Cutlery Manufacturing
  • Sheet Metal, Window & Door Manufacturing
  • Boiler & Heat Exchanger Manufacturing
  • Hardware Manufacturing
  • Valve Manufacturing
  • Construction Machinery Manufacturing
  • Car & Automobile Manufacturing
  • SUV & Light Truck Manufacturing
  • Truck & Bus Manufacturing
  • Aircraft, Engine & Parts Manufacturing

  • Key Selling Industries
  • Abrasive & Sandpaper Manufacturing
  • Aluminum Manufacturing
  • Ball Bearing Manufacturing
  • Copper Rolling, Drawing & Extruding
  • Metalworking Machinery Manufacturing
  • Nonferrous Metal Rolling & Alloying

  • Products & Services
  • Aluminum die-cast products
  • Other aluminum foundry products
  • Die-cast products made from other nonferrous metals
  • Other
  • Copper foundry products
  • Chart: Nonferrous Metal Foundry Products Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Transportation equipment manufacturing
  • Aerospace and defense
  • General manufacturing
  • Machinery, including industrial turbines
  • Chart: Major Market Segmentation for the Nonferrous Metal Foundry Products Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Nonferrous Metal Foundry Products Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Nonferrous Metal Foundry Products Manufacturing Industry

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

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Nonferrous Metal Foundry Products Manufacturing 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 Nonferrous Metal Foundry Products Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Price of Aluminum (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • A metallic substance formed from the combination of at least one metal and other chemicals.
  • Captive Foundry
  • A foundry that operates as a wholly-owned subsidiary of a larger manufacturer and makes products exclusively for use by the parent company.
  • Casting
  • The process of pouring molten metal into a mold, allowing it to cool and then removing it to produce a metal shape.
  • Ferrous Metal
  • A metal, such as steel, that contains iron.
  • Foundry
  • The buildings and works for casting metals.
  • Lead Time
  • The interval between the placing of an order and its delivery.
  • Nonferrous Metal
  • A metal, such as aluminum, that does not contain iron.
  • Original Equipment Manufacturer
  • A company that manufactures products or components that are purchased by a company and retailed under the purchasing company's brand name.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Nonferrous Metal Foundry Products Manufacturing 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:
    • Find out about key industry trends
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    This report on Nonferrous Metal Foundry Products Manufacturing:
    • 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 Nonferrous Metal Foundry Products Manufacturing 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 Nonferrous Metal Foundry Products Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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