Cleveland, OH, November 10, 2017 — US shipments of industrial castings are forecast to reach $29.5 billion in 2021, according to Industrial Castings: United States, a report recently released by Freedonia Focus Reports. Expanding durable goods manufacturing activity, including motor vehicle production, will spur output of industrial castings. Domestic demand and shipments will remain closely related.
Shipment gains for non-investment steel castings are expected to outpace other discrete segments. Growth will derive from expanding production activity in the fabricated metal products sector. Output of aluminum die-castings, the largest segment, is forecast to see gains due to greater production of transportation equipment, as suppliers meet rising demand for aluminum die-castings in the motor vehicle and aerospace sectors.
These and other key insights are featured in Industrial Castings: United States. This report forecasts US industrial casting shipments and demand in nominal US dollars at the manufacturers’ level to 2021. Total shipments are segmented by product in terms of:
- ductile iron
- other iron
- steel investment
- other steel
- aluminum die
- other die
- non-die aluminum
- non-die copper
- other nonferrous castings such as cobalt, magnesium, and nickel.
To illustrate historical trends, total demand, shipments, trade, and the various shipment segments are provided in annual series from 2006 to 2016.
More information about the report is available at https://www.freedoniafocusreports.com/Industrial-Castings-United-States-FF65026.