Mercado de fundición de hierro de América del Norte: mapeo competitivo y perspectivas estratégicas para 2031

  • Report Code : TIPRE00039166
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 128
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Se prevé que el tamaño del mercado de fundición de hierro de América del Norte alcance los 50,19 mil millones de dólares para 2031 desde los 33,40 mil millones de dólares en 2023. Se espera que el mercado registre una tasa compuesta anual de ~5,2% durante 2023-2031. Es probable que la creciente demanda de las industrias de uso final, incluidas la automotriz, aeroespacial y de maquinaria industrial, siga siendo una tendencia clave en el mercado de fundición de hierro de América del Norte .

Análisis del mercado de fundición de hierro de América del Norte

Las piezas fundidas de hierro son cruciales para la fabricación de componentes de motores, componentes de transmisión a cajas de cambios, sistemas de suspensión, sistemas de frenos, ruedas y llantas, y otros componentes automotrices. Las piezas de fundición de hierro también son componentes estructurales críticos que se utilizan para la producción de juntas de dilatación, columnas, vigas y armaduras en la industria de la construcción y la infraestructura. La producción de fundición de hierro precisa y duradera a través de procesos de fabricación avanzados permite la producción rentable de elementos críticos de construcción y automoción. Según un informe de 2022 de la Agencia Internacional de Energía, las ventas de coches eléctricos se duplicaron en EE.UU. en 2021; la participación en las ventas aumentó un 4,5% y ese año se vendieron 6,6 millones de unidades. Según los datos de la Administración de Comercio Internacional publicados en 2022, México es el séptimo mayor productor mundial de vehículos de pasajeros, con una fabricación de aproximadamente 3 millones de vehículos al año.

Casi el 90% de los vehículos producidos en México se exportan, de los cuales aproximadamente el 76% se exportan a Estados Unidos. América del Norte también cuenta con productores de automóviles bien establecidos, como Audi AG, Bayerische Motoren Werke AG, Stellantis NV, Ford Motor Company, Honda Motor Co Ltd, Hyundai Motor Company, Mercedes Benz y Volkswagen Group, así como muchos fabricantes de equipos originales. Según la Organización Internacional de Fabricantes de Vehículos de Motor (OICA), en 2021, América del Norte registró una producción de vehículos de 13,4 millones de unidades.

Descripción general del mercado de fundición de hierro de América del Norte

América del Norte se compone de importantes industrias automotrices, aeroespaciales,  de infraestructura y construcción y de maquinaria. Según la Sociedad Estadounidense de Fundición, se utilizan piezas fundidas de hierro de alta ingeniería para producir la mayoría de los bienes y maquinaria manufacturados. América del Norte cuenta con más de 1.900 instalaciones de fundición de metales. Además, las fundiciones prestan servicios a industrias como la automotriz, la construcción, la agricultura, la maquinaria industrial pesada, la aeronáutica y aeroespacial, los ferrocarriles y los oleoductos en EE. UU., Canadá y México. La creciente demanda de fundición de hierro por parte de varias industrias de uso final está impulsando a los fabricantes a planificar una expansión en la región. Por ejemplo, en 2020, una división de Raytheon Technologies Corp, Pratt & Whitney, anunció su plan de invertir 650 millones de dólares hasta 2027 en una instalación de producción de perfiles aerodinámicos para turbinas en Carolina del Norte, Estados Unidos. Se planeó que la instalación de producción tuviera una fundición avanzada para la producción de perfiles aerodinámicos para turbinas. En 2021, Mitsui Kinzoku Die-Casting Technology America construyó una instalación de 20 millones de dólares en Georgia. En esta instalación se desarrollarán productos de automoción. En 2021, IBC Advanced Alloys anunció sus planes de invertir más de 5 millones de dólares para construir una instalación de fundición de cobre. Por lo tanto, es probable que la expansión de las industrias de uso final y los desarrollos estratégicos de los fabricantes de fundición de hierro en América del Norte impulsen la demanda de fundición de hierro.

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Mercado de fundición de hierro de América del Norte: perspectivas estratégicas

Mercado de fundición de hierro de América del Norte

  • CAGR (2023 - 2031)
    ~5,2%
  • Tamaño del mercado 2023
    US$ 33,40 mil millones
  • Tamaño del mercado 2031
    US$ 50,19 mil millones

Dinámica del mercado

CONTROLADORES DE CRECIMIENTO
  • N / A
FUTURAS TENDENCIAS
  • N / A
OPORTUNIDADES
  • N / A

Jugadores claves . Jugadores principales

  • Aarrowcast Inc.
  • Cadillac Casting Inc.
  • Calmet Inc.
  • Fusium Inc.
  • Decatur fundición Inc.
  • Grupo Industrial Saltillo SAB de CV
  • Industrias Willman Inc.
  • Industrias OSCO Inc.
  • Mesa Castings Inc.
  • Waupaca Foundry Inc.

Panorama regional

  • América del norte

Segmentación de mercado

Tipo
  • Hierro gris
  • Hierro dúctil
  • Otros
Proceso
  • fundición a presión
  • Fundición centrífuga
  • Casting
  • Fundición a la cera perdida
  • Otros
Uso final
  • Automotor
  • Maquinaria industrial
  • Aeroespacial
  • Construcción de edificio
  • Energía
  • Marina
  • Otros
  • El PDF de muestra muestra la estructura del contenido y la naturaleza de la información con análisis cualitativo y cuantitativo.

Impulsores y oportunidades del mercado de fundición de hierro en América del Norte

La creciente adopción por parte de la industria de la construcción impulsa el crecimiento del mercado de fundición de hierro en América del Norte

The construction sector is also witnessing growth in North America due to a robust economy and increased federal and state financing for commercial and institutional structures. According to a 2022 report by the USAFacts Institute, the federal government of the US passed the Infrastructure Investments and Jobs Act in 2021, allocating US$ 550 billion for new federal infrastructure, including the repair or rebuilding of bridges, roads, rail, and airports, for five years. A rise in investments by governments and private companies in infrastructure building & construction projects fuels the demand for construction materials, specifically iron casting. Therefore, the growing construction industry drives the demand for metal casting in North America.

Strategic Expansion Activities in North America

Metal casting manufacturers are constantly focusing on increasing their product offering portfolio and targeting new customer bases through geographical expansion strategies. Diversification in terms of geography reduces the company's dependency on specific locations for revenue generation and mitigates risk associated with market fluctuation. Companies seek opportunities to expand their geographic presence in several locations in North America. In 2023, Monomoy Capital Partners acquired the global iron casting supplier Waupaca Foundry Inc. The strategy aimed to increase the efficiency of manufacturing sites and raw material procurement in North America. In 2021, Kent Foundry planned a US$ 3.5 million expansion project to manufacture gray and ductile iron casting in the US. In 2021, The CA Lawton Co. acquired Penn-Mar, a gray and ductile iron foundry in Pennsylvania, US. Penn-Mar develops multi-cored, gray, and ductile iron casting ranging from 68 to 2,268 kgs. In 2021, Neenah Enterprises acquired an 18.7-acre manufacturing facility for US Foundry & Manufacturing Corp for US$ 17.43 million in Florida, US. Further, collaborative efforts with research institutions, universities, and other companies allowed iron casting businesses to access expertise and develop novel solutions. Therefore, strategic expansion strategies by several market players are expected to create lucrative opportunities in the North America iron casting market.

North America Iron Casting Market Report Segmentation Analysis

Key segments that contributed to the derivation of North America iron casting market analysis are type, process, and end use.

  • Based on type, the market is segmented into grey iron, ductile iron, and others. The grey iron segment held the largest share of the market in 2023.
  • In terms of process, the market is segmented into die casting, centrifugal casting, sand casting, investment casting, and others. The sand casting segment held the largest share of the market in 2023.
  • By end use, the market is bifurcated into automotive, industrial machinery, aerospace, building & construction, energy, marine, and others. The automotive segment held the largest market share in 2023.

North America Iron Casting Market Share Analysis by Geography

The geographic scope of the North America iron casting market report is mainly divided into the US, Canada, and Mexico.

In terms of revenue, the US dominated the North America iron casting market share in 2023. Industries such as automotive, aerospace and industrial machinery widely use components manufactured from iron casting. In 2021, the Naval Foundry and Propeller Center manufactured 90.72 metric tons of iron casting for a Columbia-Class submarine. According to the American Foundry Society, the geographic concentration of casting facilities is dispersed in Ohio, Pennsylvania, Indiana, Illinois, Michigan, California, Texas, and Wisconsin, with ~1,500 foundries in the US. The country comprises both large-scale foundries and small-scale specialty iron casting foundries. Several foundries in the US are also focusing on sustainable practices such as the utilization of recycled materials and energy-efficient casting processes. Thus, the rising demand for iron casting from end-use industries propels the iron casting market growth in the country.

North America Iron Casting Market Report Scope

Report AttributeDetails
Market size in 2023US$ 33.40 Billion
Market Size by 2031US$ 50.19 Billion
Global CAGR (2023 - 2031)~5.2%
Historical Data2021-2022
Forecast period2023-2031
Segments CoveredBy Type
  • Grey Iron
  • Ductile Iron
  • Others
By Process
  • Die Casting
  • Centrifugal Casting
  • SCasting
  • Investment Casting
  • Others
By End Use
  • Automotive
  • Industrial Machinery
  • Aerospace
  • Building & Construction
  • Energy
  • Marine
  • Others
Regions and Countries CoveredNorth America
  • US
  • Canada
  • and Mexico
Market leaders and key company profiles
  • Aarrowcast Inc.
  • Cadillac Casting Inc.
  • Calmet Inc.
  • Fusium Inc.
  • Decatur Foundry Inc.
  • Grupo Industrial Saltillo SAB de CV
  • Willman Industries Inc.
  • OSCO Industries Inc.
  • Mesa Castings Inc.
  • Waupaca Foundry Inc
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

North America Iron Casting Market News and Recent Developments

The North America iron casting market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for iron casting and strategies:

  • Proterial, Ltd. ("Proterial"), un productor líder internacional de materiales de alto rendimiento para movilidad, infraestructura industrial y electrónica, anunció hoy la firma de un acuerdo definitivo para que Monomoy Capital Partners ("Monomoy") adquiera Waupaca Foundry. Inc. ("Waupaca Foundry" o la "Compañía"), el principal proveedor de piezas de fundición de hierro fundido y mecanizado de América del Norte. Waupaca Foundry seguirá operando bajo su actual equipo directivo, dirigido por el presidente, director ejecutivo y director de operaciones, Michael Nikolai. Los términos financieros de la transacción privada no fueron revelados. (Fuente: Waupaca Foundry, Inc, comunicado de prensa, 2023)

Cobertura y entregables del informe de mercado de fundición de hierro de América del Norte

El informe "Tamaño y pronóstico del mercado de fundición de hierro de América del Norte (2021-2031)" proporciona un análisis detallado del mercado que cubre las siguientes áreas:

  • Tamaño del mercado y pronóstico a nivel global, regional y nacional para todos los segmentos clave del mercado cubiertos bajo el alcance.
  • Dinámica del mercado como impulsores, restricciones y oportunidades clave
  • Tendencias clave del futuro
  • Las cinco fuerzas detalladas de Porter y el análisis FODA
  • Análisis de mercado global y regional que cubre las tendencias clave del mercado, los principales actores, las regulaciones y los desarrollos recientes del mercado.
  • Análisis del panorama industrial y de la competencia que cubre la concentración del mercado, análisis de mapas de calor, actores destacados y desarrollos recientes.
  • Perfiles detallados de la empresa
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

The List of Companies - North America Iron Casting Market

  1. Aarrowcast Inc
  2. Cadillac Casting Inc
  3. Calmet Inc
  4. Fusium Inc
  5. Decatur Foundry Inc
  6. Grupo Industrial Saltillo SAB de CV
  7. Willman Industries Inc
  8. OSCO Industries Inc
  9. Mesa Castings Inc
  10. Waupaca Foundry Inc

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published and advised several client across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organization are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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