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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

The Ferrous Metal Foundry Products market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 - Starting a New Business Chapter

The Ferrous Metal Foundry Products industry has high barriers to entry. The construction of a new foundry is costly and the scale of investment into casting equipment and machinery is significant, deterring potential entrants who lack the necessary initial capital. Import competition limits potential entrants' ability to succeed in producing low-value, high-volume castings, while close relationships between foundries and downstream manufacturers limit the ability of new entrants to develop their own customer connections.

Foundries in this industry have generally developed strong relationships with downstream manufacturers, making it difficult for potential entrants to establish customer bases... 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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