Industry Analysis & Industry Trends
The radically spiking prices of key inputs, such as iron and steel, have slowed growth for the Ferrous Metal Foundry Products industry. That growth will continue to slow in the five years to 2019. However, the industry is not expected to go into decline... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Ferrous Metal Foundry Products industry is in decline. Industry value added, or contribution to the overall economy, is forecast to fall at an annualized rate of 2.9% in the 10 years to 2019. Over the same period, Canadian GDP is projected to rise at an average annual rate of 2.4%, indicating that the industry is in significant decline relative to the Canadian economy. As competition continues to increase, particularly from less-expensive imports, industry operators will struggle with lower levels of revenue and profit.
The industry has struggled with decreasing sales over the past decade. Despite modest growth in the 10 years to 2019, industry revenue will remain far below prerecession levels... purchase to read more