Well cast: Strong demand from the industry's key markets has helped sustain industry performance

The Nonferrous Metal Foundry Product Manufacturing industry in Canada has performed well over the five years to 2019, despite massive drops in nonferrous metal prices and falling profit from 2015 highs. Companies in this industry form metal castings from moulds, which are then used as intermediary components in the production of motor vehicles, machinery, aircraft and other goods. Strong demand from the automotive and commercial aerospace markets, both domestic and global, has helped sustain industry performance. Over the five years to 2024, the industry will benefit from rising global manufacturing activity, which will support rebounding prices for nonferrous metals and, therefore, industry castings...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 14-19
4.4%
Forecast Growth 19-24
Profit
Employment
6,249
Businesses
107
Market Share of Companies

Industry Threats & Opportunities

  • Foundries may be vulnerable to fluctuations in the prices of nonferrous metals
  • Operators’ focus on value-added products has provided protection from volatile input prices
  • Increased sales of aluminum-base castings will remain the largest driver of revenue growth
  • Industry Report - Industry Products Chapter

    The Nonferrous Metal Foundry Product Manufacturing industry in Canada produces castings from nonferrous metals, which exclude iron and steel, by melting and pouring the metal into a mould and removing the casting after the metal has solidified. Canadian foundries often work with customers to develop patterns and tooling for specific castings that can be readily inserted into customers' production processes. While customers typically own the patterns and tooling, these items are nearly always stored at the foundry. If switching suppliers, customers will usually develop patterns and tooling with the new foundry rather than move these items from the original facility.Ultimately, the simplest way to bifurcate industry operations is based on the foundry's method of casting. Est...purchase to read more.

    Additional Insights for the Nonferrous Metal Foundry Product Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Nonferrous Metal Foundry Product Manufacturing Industry are

  • Having a diverse range of clients
  • Effective cost controls
  • Having a good technical knowledge of the product
  • IBISWorld analysts also discuss how external factors such as Demand from car and automobile manufacturing and Industrial capacity utilization in the Nonferrous Metal Foundry Product Manufacturing industry impact industry performance..

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    What's in this report

    What is the Nonferrous Metal Foundry Product Manufacturing Industry?

    This industry primarily melts and pours nonferrous metals into moulds 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, nickel and titanium.

    Industry Products
  • Aluminum foundries
  • Aluminum die casting foundries
  • Other nonferrous metals foundries
  • Other nonferrous metals die casting foundries
  • Industry Activities
  • Aluminum and aluminum-base alloy casting
  • Copper and copper-base alloy casting
  • Magnesium and magnesium-base alloy casting
  • Nickel and nickel-base alloy casting
  • Titanium and titanium-base alloy casting
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from car and automobile manufacturing
  • Industrial capacity utilization
  • World price of aluminum
  • World price of copper
  • Canadian effective exchange rate index

  • Current Performance
  • Global economy driving demand and prices
  • Evolving industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Aluminum dominates demand
  • Industry structure
  • Table: Nonferrous Metal Foundry Product Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Nonferrous Metal Foundry Product Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Valve Manufacturing in Canada
  • Car & Automobile Manufacturing in Canada
  • SUV & Light Truck Manufacturing in Canada
  • Aircraft, Engine & Parts Manufacturing in Canada
  • Space Vehicle & Missile Manufacturing in Canada

  • Key Selling Industries
  • Abrasive & Sandpaper Manufacturing in Canada
  • Aluminum Manufacturing in Canada
  • Ball Bearing Manufacturing in Canada
  • Copper, Nickel, Lead & Zinc Mining in Canada
  • Metalworking Machinery Manufacturing in Canada

  • Products & Services
  • Aluminum foundries
  • Aluminum die casting foundries
  • Other nonferrous metals foundries
  • Other nonferrous metals die casting foundries
  • Chart: Nonferrous Metal Foundry Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Motor vehicle manufacturing
  • Machinery manufacturing
  • Fabricated metal product manufacturing
  • Other
  • Exports
  • Aerospace manufacturing
  • Electrical equipment manufacturing
  • Chart: Major Market Segmentation for the Nonferrous Metal Foundry Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Nonferrous Metal Foundry Product Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Nonferrous Metal Foundry Product Manufacturing Industry

  • Industry Globalization
    Nemak SAB de CV,
  • Table: Nemak SAB de CV - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Nonferrous Metal Foundry Product Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Nonferrous Metal Foundry Product Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Price of nonferrous metals (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Casting
  • The process of pouring molten metal into a mould, enabling it to cool and then removing it to produce a metal shape.
  • Ferrous Metal
  • A metal, such as steel, that contains iron.
  • Foundry
  • A factory that produces metal castings.
  • Nonferrous Metal
  • A metal, such as aluminum, that does not contain iron.
  • Original Equipment Manufacturer
  • A company that manufactures products or components that are purchased by a company and retailed under the purchasing company's brand name.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Nonferrous Metal Foundry Product Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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    This report on Nonferrous Metal Foundry Product Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Nonferrous Metal Foundry Product Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Nonferrous Metal Foundry Product Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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