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Iron Casting Market in North America 2017-2021

Iron Casting Market in North America 2017-2021

About Iron Casting

Iron casting is one of the oldest ferrous metals that consists of carbon, silicon, and small amounts of sulfur, manganese, and phosphorous. The different types of iron castings include gray cast iron, ductile cast iron, and malleable cast iron. Iron castings have high carbon content and are hard, brittle, more fusible, and non-malleable. They are used extensively in different applications, such as automotive, industrial machinery, infrastructure and construction machines, and power and energy.

Technavio’s analysts forecast the iron casting market in North America to grow at a CAGR of 4.07% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the iron casting market in North America for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Canada
  • Mexico
  • The US
Technavio's report, Iron Casting Market in North America 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • American Axle & Manufacturing
  • GIS
  • Hitachi Metals
  • Neenah Foundry
  • OSCO INDUSTRIES
Other prominent vendors
  • Aarrowcast
  • ACCURIDE INTERNATIONAL
  • Badger Foundry
  • Bremen Castings
  • Casting Solutions
  • Decatur Foundry
  • Deere & Company
  • Dotson Iron Castings
  • Elyria Foundry Company and Hodge Foundry
  • Rochester Metal Products
  • Teksid
  • The Quality Castings Company
  • WARD MANUFACTURING
  • Weil-McLain
  • Wescast
Market driver
  • Growth of the automotive industry
  • For a full, detailed list, view our report
Market challenge
  • Increasing demand for aluminum casting
  • For a full, detailed list, view our report
Market trend
  • Modernization in the foundry industry
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Iron Casting Market in North America 2017-2021

Technavio recognizes the following companies as the key players in the iron casting market in North America: American Axle & Manufacturing, GIS, Hitachi Metals, and Neenah Foundry, and OSCO INDUSTRIES.

Other Prominent Vendors in the market are: Aarrowcast, ACCURIDE INTERNATIONAL, Badger Foundry, Bremen Castings, Casting Solutions, Decatur Foundry, Deere & Company, Dotson Iron Castings, Elyria Foundry Company and Hodge Foundry, Rochester Metal Products, Teksid, The Quality Castings Company, WARD MANUFACTURING, Weil-McLain, and Wescast.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is modernization in the foundry industry. Foundries are substituting the conventional molding methods with automated molding methods. They include the adoption of mechanized disamatic molding for sand molding, induction furnace for melting, and continuous casting for chemical sand binding. Stringent quality standards and benchmarks are also being practiced extensively.”

According to the report, one driver in the market is growth of the automotive industry. The automotive industry in the region is exhibiting a high growth rate backed by the increased sales of passenger and commercial vehicles. Automobile producers focus on launching new models and cars to be competent in the market. The increasing demand for vehicles in North America is one of the major driving forces behind the growth of the iron casting market in North America. Cast irons are used extensively in the automotive industry to manufacture engine parts, such as bushings, differential shell, car cylinder blocks, suspensions, steering parts like control arm shafts, brake drums, crankshafts, and heavy-duty gears.

Further, the report states that one challenge in the market is increasing demand for aluminum casting. The use of aluminum casting has been witnessing growth as it used as a substitute for iron casting, primarily for ornately detailed decorative elements. There are several features of aluminum, like lightweight, excellent resistance to corrosion, and less brittle than cast iron, which makes it increasingly preferred. Iron casting is very robust and durable when used appropriately and protected from severe exposure. Although it has been found in columns, it has not been found in structural beams because of the fact that it is stronger in compression than in tension.

Companies Mentioned

American Axle & Manufacturing, GIS, Hitachi Metals, and Neenah Foundry, OSCO INDUSTRIES, Aarrowcast, ACCURIDE INTERNATIONAL, Badger Foundry, Bremen Castings, Casting Solutions, Decatur Foundry, Deere & Company, Dotson Iron Castings, Elyria Foundry Company and Hodge Foundry, Rochester Metal Products, Teksid, The Quality Castings Company, WARD MANUFACTURING, Weil-McLain, Wescast

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Advantages of cast iron
      • Table Casting process classification
      • Table Casting value chain
  • Market landscape
    • Market overview
      • Table Segmentation of iron castings market in North America
    • Market size and forecast
      • Table Iron casting market in North America 2016 and 2021 (kilotons)
      • Table Market forecast: Iron casting market in North America 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Iron casting market in North America by product type
      • Table Iron casting market in North America by product type 2016 (% share of revenue)
      • Table Iron casting market in North America by product type 2021 (% share of revenue)
    • Gray iron casting market in North America
      • Table Gray iron casting market in North America 2016 and 2021 (kilotons)
      • Table Market forecast: Gray iron casting market in North America 2016-2021
      • Table Popular grades of gray iron
    • Ductile iron casting market in North America
      • Table Ductile iron casting market in North America 2016 and 2021 (kilotons)
      • Table Market forecast: Ductile iron casting market in North America 2016-2021
      • Table Popular grades of ductile iron
    • Malleable iron casting market in North America
      • Table Malleable iron casting market in North America 2016 and 2021 (kilotons)
      • Table Market forecast: Malleable iron casting market in North America 2016-2021
  • Market segmentation by application
    • Iron casting market in North America by application
      • Table Iron casting market in North America by application 2016 (% share of revenue)
      • Table Iron casting market in North America by application 2021 (% share of revenue)
    • Iron casting market in North America for the automotive segment
      • Table Iron casting market in North America for the automotive segment 2016 and 2021(kilotons)
      • Table Market forecast: Iron casting market in North America for the automotive segment2016-2021
      • Table Type of casting used in gear and gearboxes
    • Iron casting market in North America for the industrial machinery segment
      • Table Iron casting market in North America for the industrial machinery segment 2016 and2021 (kilotons)
      • Table Market forecast: Iron casting market in North America for the industrial machinery segment 2016-2021
      • Table Type of casting used in sugar machinery
      • Table Type of casting used in printing machinery
      • Table Type of casting used in machine tools
    • Iron casting market in North America for the infrastructure and construction machines segment
      • Table Iron casting market in North America for the infrastructure and construction machines segment 2016 and 2021 (kilotons)
      • Table Market forecast: Iron casting market in North America for the infrastructure and construction machines segment 2016-2021
      • Table Type of casting used in infrastructure and construction machinery
    • Iron casting market in North America for the power and energy segment
      • Table Iron casting market in North America for the power and energy segment 2016 and2021 (kilotons)
      • Table Market forecast: Iron casting market in North America for the power and energy segment 2016-2021
    • Iron casting market in North America for the others segment
      • Table Iron casting market in North America for the others segment 2016 and 2021(kilotons)
      • Table Market forecast: Iron casting market in North America for the others segment 2016-2021
  • Geographical segmentation
    • Iron casting market in North America by geography
      • Table Iron casting market in North America by geography 2016 (% share of revenue)
      • Table Iron casting market in North America by geography 2021 (% share of revenue)
    • Iron casting market in the US
      • Table Iron casting market in the US 2016 and 2021 (kilotons)
      • Table Market forecast: Iron casting market in the US 2016-2021
    • Iron casting market in Mexico
      • Table Iron casting market in Mexico 2016 and 2021 (kilotons)
      • Table Market forecast: Iron casting market in Mexico 2016-2021
    • Iron casting market in Canada
      • Table Iron casting market in Canada 2016 and 2021 (kilotons)
      • Table Market forecast: Iron casting market in Canada 2016-2021(kilotons)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Automobile production in North America for 2015 and 2016 (units)
    • Market challenges
      • Table Aluminum content of lightweight vehicles in North America (Net pounds per vehicle) (2005-2028)
  • Market trends
    • Modernization in the foundry industry
    • Increased use of iron casting in the renewable energy sector
    • Rise in technological advancements
    • Industry consolidation
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Key market vendors
    • Other prominent vendors
  • Key vendor analysis
    • Hitachi Metals
      • Table Hitachi Metals: Business segmentation by revenue 2015 (% share)
      • Table Hitachi Metals: Geographical segmentation by revenue 2015 (% share)
    • OSCO INDUSTRIES
      • Table OSCO INDUSTRIES: Business segmentation 2016
    • American Axle & Manufacturing
      • Table American Axle & Manufacturing: Business segmentation by revenue 2016 (% share)
      • Table American Axle & Manufacturing: Geographical segmentation by revenue 2016 (%share)
    • GIS
      • Table GIS: Business segmentation 2016
    • Neenah Foundry
      • Table Neenah Foundry: Business segmentation by product 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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