Iron Casting Market in North America 2017-2021: Analysis By Product Type & Application - Research and Markets
The "Iron Casting Market in North America 2017-2021" report has been added to Research and Markets' offering.
The iron casting market in North America is forecast to grow at a CAGR of 4.07% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is modernization in the foundry industry. Foundries are substituting the conventional molding methods with automated molding methods. They include the adoption of mechanized disamatic molding for sand molding, induction furnace for melting, and continuous casting for chemical sand binding. Stringent quality standards and benchmarks are also being practiced extensively.
One driver in the market is growth of the automotive industry. The automotive industry in the region is exhibiting a high growth rate backed by the increased sales of passenger and commercial vehicles. Automobile producers focus on launching new models and cars to be competent in the market. The increasing demand for vehicles in North America is one of the major driving forces behind the growth of the iron casting market in North America. Cast irons are used extensively in the automotive industry to manufacture engine parts, such as bushings, differential shell, car cylinder blocks, suspensions, steering parts like control arm shafts, brake drums, crankshafts, and heavy-duty gears.
Market Trends:
- Modernization in the foundry industry
- Increased use of iron casting in the renewable energy sector
- Rise in technological advancements
- Industry consolidation
Key vendors
- American Axle & Manufacturing
- GIS
- Hitachi Metals
- Neenah Foundry
-
Osco Industries
Other prominent vendors
- Bremen Castings
- Casting Solutions
- Decatur Foundry
- Deere & Company
-
Others
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Product Type
Part 07: Market Segmentation By Application
Part 08: Geographical Segmentation
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/b5fxjc/iron_casting
View source version on businesswire.com: http://www.businesswire.com/news/home/20171019006019/en/