2017 FORECAST:


Most Markets to See Small Gains


Following an overall down year for casting shipments in 2015, a moderate increase is expected through 2019. A MODERN CASTING STAFF REPORT


U


S. metalcasting industry sales are expected to reach $32.3 billion in 2019, according to the 2017 Met-


alcasting Forecast and Trends report published by the American Foundry Society, (Schaumburg, Illinois). 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) ‘16-’19 ................................... -6% Long Term AGR ‘16-’25 ..................................................................... -1.9%


Highway, Street and Bridge Construction - NAICS 2373 Short Term AGR ‘16-’19 .................................................................... -1.5%


Long Term AGR ‘16-’25 ..................................................................... -0.4%


Metal Valve - NAICS 33291 Short Term AGR ‘16-’19 ....................................................................... -1%


Long Term AGR ‘16-’25 ..................................................................... -0.2%


Machine Tool Manufacturing NAICS 333515 Short Term AGR ‘16-’19 ........................................................................ 2%


Long Term AGR ‘16-’25 ...................................................................... 0.8%


Agricultural Implement Manufacturing - NAICS 33311 Short Term AGR ‘16-’19 ..................................................................... 4.1% Long Term AGR ‘16-’25 ..................................................................... 1.5%


Construction Machinery - NAICS 333120 Short Term AGR ‘16-’19 ...................................................................... 15%


Long Term AGR ‘16-’25 ...................................................................... 5.1% Sales have flattened in the last


two years but sales should return to the over $31 billion mark by 2017. Almost all metals are forecast to


grow between 1% and 4% from 2016 to 2019, and all metals are predicted to show annual growth up to 2.5% through 2025. Te U.S. metalcasting industry


is made up of 1,956 facilities, down from 2,380 in 2005. Tis reduction


Other Industrial Machinery Manufacturing - NAICS 333249 Short Term AGR ‘16-’19 ..................................................................... 0.2%


Long Term AGR ‘16-’25 ...................................................................... 0.1%


Speed Changer, Industrial High-Speed Drive and Gear - NAICS 333612 Short Term AGR ‘16-’19 ..................................................................... 5.7% Long Term AGR ‘16-’25 ......................................................................... 2%


Other Engine Equipment - NAICS 333618 Short Term AGR ‘16-’19 ..................................................................... 4.3%


Long Term AGR ‘16-’25 ...................................................................... 1.5%


Pump and Compressor Manufacturing- NAICS 33391 Short Term AGR ‘16-’19 ................................................................... 15.2% Long Term AGR ‘16-’25 ...................................................................... 5.2%


Automobile and Light Duty Motor Vehicle - NAICS 33611 Short Term AGR ‘16-’19 .................................................................... -0.4%


Long Term AGR ‘16-’25 ......................................................................... 0%


TOTAL Short Term AGR ‘16-’19 ..................................................................... 2.5%


Long Term AGR ‘16-’25 ...................................................................... 0.9% 2017 Sales Forecast ....................................................... $4,687,120,000


20 | MODERN CASTING January 2017


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