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Nonferrous Metal Foundry Products Manufacturing in the US - Industry Market Research Report

  • April 2017
  • 38 pages
  • Ibisworld
Report ID: 198752

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

Nonferrous Metal Foundry Products Manufacturing in the US

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.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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