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Ferrous Metal Foundry Products in the US: Market Research Report

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

Ferrous Metal Foundry Products Market Research Report | NAICS 33151 | Apr 2017

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

IBISWorld’s Ferrous Metal Foundry Products 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
Annual Growth 12-17
Annual Growth 17-22
Annual Growth
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
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Industry Analysis & Industry Trends

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 Report - Starting a New Business Chapter

Barriers to entry in this industry are moderate. The scale of investment can discourage new competitors from challenging incumbents. There are high costs associated with the construction and development of a new foundry, which is a significant deterrent to entry because many potential entrants lack the necessary capital. Furthermore, existing players have close-knit relationships with customers. These strong relationships make it difficult, if not impossible, for a new foundry to sell its products. Consolidation among automakers has also occurred as the industry restructured itself following the economic meltdown. The customer base within the automotive market has therefore shrunk, increasing competition among established foundries for contracts with fewer automakers.

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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... purchase to read more


    Industry ProductsRelated Reports

    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 foundriesDuctile iron foundriesCommoditized carbon steel castingsValue-added steel investment cast productsCorrosion-resistant steel castings
    Industry Activities
    Manufacturing iron castingsManufacturing steel castingsManufacturing finished iron products

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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
  • Products & Markets
    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
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • 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
    Major Companies
    Waupaca Foundry Inc.
    Precision Castparts Corp.
  • Table: Waupaca Foundry Inc. - financial performance
  • Table: Precision Castparts Corp. - financial performance
  • Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Ferrous Metal Foundry Products Industry
  • Includes:
  • 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
  • Jargon & Glossary
  • 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.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    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 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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