The turnover for the aluminum foundries industry in the US, excluding die-casting, is forecasted to gradually decline over the period from 2024 to 2028. In 2023, the turnover stood at a higher level than in 2024, suggesting a declining trend. Year-on-year, the turnover is projected to decrease slightly by approximately 0.6% each year until 2028. The compound annual growth rate (CAGR) over the five-year period indicates a subtle but consistent reduction in market turnover.

Future trends to watch for include:

Changes in manufacturing technologies that could impact production efficiencies.
Potential shifts in demand due to environmental regulations and sustainability initiatives.
The fluctuating price of raw materials which may affect profitability margins.
Emergence of new markets or increasing competition from global players.