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Ferrous Metal Foundry Products in Canada: Market Research Report

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

Ferrous Metal Foundry Products in Canada Market Research Report | NAICS 33151CA | Dec 2015

Heavy metal: Lower raw material costs have helped expand industry profit margins

IBISWorld’s Ferrous Metal Foundry Products market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 10-15
1.1%
Annual Growth 15-20
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Profit
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Employment
4,704
Businesses
117
Industry Analysis & Industry Trends

The Ferrous Metal Foundry Products industry, which sells iron and steel castings to manufacturing and construction industries, has struggled with fluctuating demand and increased import competition over the five years to 2015. Foreign competition from low-cost producers in China and India has increasingly challenged domestic operators for market share. Furthermore, volatile input prices have made it difficult for companies to forecast costs. Despite moderate revenue growth, the industry will struggle with significant challenges over the next five years. Excess supply of ferrous metals is expected to keep iron ore and steel prices low. This will benefit margins but prevent revenue from growing dramatically... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Ferrous Metal Foundry Products industry is mature. Industry value added, which measures an industry's contribution to the overall economy, is forecast to increase at an annualized rate of 1.8% in the 10 years to 2020. Over the same period, Canadian GDP is projected to rise at an average annual rate of 2.1%, indicating that the industry is growing in line with the overall economy. However, further industry growth will be limited by increased competition, particularly from less-expensive imports. This will encourage industry consolidation in coming years, as operators seek to maximize economies of scale.

As foreign competition increases, industry operators will increasingly rely on consolidation... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Ferrous Metal Foundry Products Industry?

Companies in this industry pour molten iron and steel into moulds 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
Grey iron foundry productsDuctile iron foundry productsMalleable iron foundry productsCompacted graphite iron foundry productsSteel foundry productsInvestment cast steel foundry products
 
Industry Activities
Manufacturing iron castingsManufacturing steel castingsManufacturing finished iron products


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