$12.2bn
$XXX.Xm
41,875
727
$X.Xbn
The Nonferrous Metal Foundry Products Manufacturing industry produces cast metal components used as semi-finished goods to produce many household and industrial products. As lighter alternatives to iron and steel, nonferrous metal castings can replace their ferrous counterparts in applications in which weight is essential, such as in motor vehicle and aircraft manufacturing. Accordingly, automotive and aerospace-related industries are the largest markets for foundry products and hold authority over the health of metal foundries. The COVID-19 pandemic caused global travel and consumer spending to fall abruptly in 2020. Effects from the pandemic, including global supply-chain shortages and suppressed purchases from downstream manufacturing, significantly hurt revenue generation for nonferrous metal foundries. Revenue has decreased at a CAGR of 3.7% to $12.2 billion through the end of 2024, including a boost of 0.2% in 2023 alone.
Industry revenue has declined at a CAGR of 3.7 % over the past five years, to reach an estimated $12.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Howmet Aerospace Inc. | 2,630.5 | 368.3 | 14.0 | |
Precision Castparts Corp | 1,533.9 | 112.8 | 7.4 |
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Industry revenue is measured across several distinct product and services lines, including Aluminum die-cast products, Other aluminum foundry products and Die-cast products made from other nonferrous metals. Aluminum die-cast products is the largest segment of the Nonferrous Metal Foundry Products Manufacturing in the US.
Shortages caused by the coronavirus limits growth in aluminum usage
The Nonferrous Metal Foundry Products Manufacturing 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.
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NAICS 33152 - Nonferrous Metal Foundry Products Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Sales to automakers are being hindered by a semiconductor shortage. Automotive manufacturers’ globalization is forcing foundries to reduce prices to remain relevant.
Learn about an industry's products and services, markets and trends in international trade.
Growth in aluminum usage is hindered by disruptions in downstream markets’ supply chains. Price hikes are causing industrial businesses to shy away from nonferrous alloys.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Foundries position themselves around downstream manufacturers, primarily automakers. This allows manufacturers to cut down on transportation costs and improve visibility to d...
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Large capital investments are being made to differentiate between the competition. Foundries with direct links to manufacturers are causing price competition to rise.
Learn about the performance of the top companies in the industry.
Established companies have the benefit of long-standing contracts with downstream manufacturers. Smaller entrants have to contend with heavy price competition from larger fou...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Nonferrous metal foundry product manufacturing receives very little industry assistance. But foundries must obtain permits that regulate environmental impact.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Foundries are reliant on nonferrous metals. While price hikes can be passed onto buyers, manufacturers have become more price-conscious, which digs into profit.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Nonferrous Metal Foundry Products Manufacturing in the US industry in United States is $12.2bn in 2024.
There are 727 businesses in the Nonferrous Metal Foundry Products Manufacturing in the US industry in United States, which has declined at a CAGR of 2.9 % between 2019 and 2024.
The market size of the Nonferrous Metal Foundry Products Manufacturing in the US industry in United States has been declining at a CAGR of 3.7 % between 2019 and 2024.
Over the next five years, the Nonferrous Metal Foundry Products Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Nonferrous Metal Foundry Products Manufacturing market in United States are Howmet Aerospace Inc. and Precision Castparts Corp
Aluminum and aluminum-base alloy casting and Copper and copper-base alloy casting are part of the Nonferrous Metal Foundry Products Manufacturing in the US industry.
The company holding the most market share in United States is Howmet Aerospace Inc..
The level of competition is high and increasing in the Nonferrous Metal Foundry Products Manufacturing in the US industry in United States.