2016 FORECAST:


Small Gains in Short-Term


Following an overall down year for casting shipments in 2015, moderate gains are expected through 2018. A MODERN CASTING STAFF REPORT


U


S. metalcasting industry sales is expected to reach $30.6 billion in 2018, according to the 2016 Met-


alcasting Forecast and Trends report published by the American Foundry Society, Schaumburg, Ill. This total shows the industry is recover-


ing from the dramatic recession that began at the end of 2008 and continued through the first part of 2010. The industry bottomed out at $21.6 billion in shipments in 2009 at the depth of the recession. The industry began to rebound in 2010 with an estimated growth of 18% from the previous year to $25.46 billion, and this continued in 2012, when sales reached $31.19 billion.


GRAY IRON MARKET SUMMARY Utility Construction - NAICS 2371


Short Term Annual Growth Rate (AGR) ‘15-’18 ............................... 12.1% Long Term AGR ‘15-’24 ...................................................................... 4.4%


Highway, Street and Bridge Construction - NAICS 2373 Short Term AGR ‘15-’18 ....................................................................... -3% Long Term AGR ‘15-’24 ..................................................................... -0.8%


Metal Valve - NAICS 33291 Short Term AGR ‘15-’18 .................................................................... -0.2% Long Term AGR ‘15-’24 ...................................................................... 0.2%


Machine Tool Manufacturing NAICS 333515 Short Term AGR ‘15-’18 ..................................................................... 2.5% Long Term AGR ‘15-’24 ...................................................................... 1.2%


Agricultural Implement Manufacturing - NAICS 33311 Short Term AGR ‘15-’18 ..................................................................... 3.2% Long Term AGR ‘15-’24 ..................................................................... 1.4%


Construction Machinery - NAICS 333120 Short Term AGR ‘15-’18 ..................................................................... 8.5% Long Term AGR ‘15-’24 ...................................................................... 3.3%


Almost all metals are forecast to


grow between 1% and 4% from 2015 to 2018, and all metals are predicted to show annual growth up to 4% through 2024. Te U.S. metalcasting industry


is made up of 1,961 facilities, down from 2,380 in 2005. Tis reduction can be attributed to the recession, technological advancements, foreign competition and tightening regula-


Other Industrial Machinery Manufacturing - NAICS 333249 Short Term AGR ‘15-’18 ........................................................................ 0% Long Term AGR ‘15-’24 ...................................................................... 0.2%


Speed Changer, Industrial High-Speed Drive and Gear - NAICS 333612 Short Term AGR ‘15-’18 ..................................................................... 6.2% Long Term AGR ‘15-’24 ...................................................................... 2.3%


Other Engine Equipment - NAICS 333618 Short Term AGR ‘15-’18 ........................................................................ 5% Long Term AGR ‘15-’24 ...................................................................... 2.1%


Pump and Compressor Manufacturing- NAICS 33391 Short Term AGR ‘15-’18 ................................................................... 13.9% Long Term AGR ‘15-’24 ......................................................................... 5%


Automobile and Light Duty Motor Vehicle - NAICS 33611 Short Term AGR ‘15-’18 .................................................................... -2.1% Long Term AGR ‘15-’24 ..................................................................... -0.5%


TOTAL Short Term AGR ‘15-’18 ..................................................................... 2.7% Long Term AGR ‘15-’24 ...................................................................... 1.2% 2016 Sales Forecast ....................................................... $4,220,480,000


30 | MODERN CASTING January 2016


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