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turbine and power transmission equipment market. Investment cast steel growth should be spurred by significant growth in the sporting and athletic goods, small arms manufac- turing and industrial valve markets. Aluminum should see a bump in the power transmission, controls and transportation markets. Te U.S. metalcasting industry is


made up of 1,965 facilities, down from 2,170 five years ago. Tis reduction can be attributed to the recession, techno- logical advancements, foreign com-


petition and tightening regulations. Industry capacity is 15.5 million tons, with the industry forecast to operate at 81% of capacity in 2015 Te U.S. is second in the world in


casting shipments based on tonnage, following China and ahead of India. Based on the data secured through the “2013 Annual Census of World Casting Production” by Modern Cast- ing magazine, China shipped 44.5 million metric tons of castings in 2013 compared to 12.3 million metric tons by the U.S. and 9.81 million by


GRAY IRON MARKET SUMMARY Utility Construction - NAICS 2371


Short Term Annual Growth Rate (AGR) ‘14-’16 ............................... 4.57% Long Term AGR ‘14-’23 .................................................................... 1.11%


Highway, Street and Bridge Construction - NAICS 2373 Short Term AGR ‘14-’16 ..................................................................... 4.3% Long Term AGR ‘14-’23 .................................................................... 0.67%


Metal Valve - NAICS 33291 Short Term AGR ‘14-’16 ................................................................... 2.02% Long Term AGR ‘14-’23 .................................................................... 0.17%


Machine Tool Manufacturing NAICS 333515 Short Term AGR ‘14-’16 ................................................................... 3.15% Long Term AGR ‘14-’22 .................................................................... 0.75%


Farm Machinery and Equipment Manufacturing - NAICS 333111 Short Term AGR ‘14-’16 .................................................................... -0.4% Long Term AGR ‘14-’23 ................................................................... 0.99%


Construction Machinery - NAICS 333120 Short Term AGR ‘14-’16 ................................................................... 2.55% Long Term AGR ‘14-’23 .................................................................... 0.94%


Other Industrial Machinery Manufacturing - NAICS 333249 Short Term AGR ‘14-’16 ..................................................................... 1.3% Long Term AGR ‘14-’23 .................................................................... 0.11%


Speed Changer, Industrial High-Speed Drive and Gear - NAICS 333612 Short Term AGR ‘14-’16 ................................................................... 4.08% Long Term AGR ‘14-’23 .................................................................... 0.63%


Other Engine Equipment - NAICS 333618 Short Term AGR ‘14-’16 ................................................................... 1.59% Long Term AGR ‘14-’23 .................................................................... 0.66%


Pump and Pumping Equipment - NAICS 33391 Short Term AGR ‘14-’16 ................................................................... 3.57% Long Term AGR ‘14-’23 .................................................................... 0.78%


India. Following the U.S. and India are Japan (5.54 million metric tons), Germany (5.19), Russia (4.1), Brazil (3.07), Korea (2.56), Italy (1.97) and France (1.75). In the following pages of this


report are tables depicting the breakdown of U.S. casting shipments by metal and end-use market with a forecast to 2023. Tis data is an esti- mated forecast based on an economic modeling tool and should be used only as an estimate. AFS cannot be held liable for its accuracy.


Automobile and Light Duty Motor Vehicle - NAICS 33611 Short Term AGR ‘14-’16 ................................................................... 1.76% Long Term AGR ‘14-’23 .................................................................... 0.28%


TOTAL Short Term AGR ‘14-’16 ................................................................... 2.07% Long Term AGR ‘14-’23 .................................................................... 0.54% 2015 Sales Forecast ....................................................... $4,754,290,000


20 | MODERN CASTING January 2015


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