Industry Analysis & Industry Trends
The Iron Casting industry is small in the United Kingdom, with production volumes by weight representing less than 1% of global production. The industry's products are used in many engineered products, including automotive parts, tools, construction and mining equipment, and heating equipment.
While cast iron is facing increasing competition from substitute materials, there are factors that are starting to promote growth in the industry. The industry is benefiting from the reengineering in the manufacture of some final products where casting is replacing other metal-forming methods (such as forging, machining from bar stock, or fabricated from metal), as metal casting can offer cost savings to the end user... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
A number of factors indicate that the industry has entered the decline phase of its life cycle. Industry value added is expected to decline in the five years through 2011-12. Industry value added is forecast to grow at a rate that is well below the UK economy's rate of growth over the five years through 2016-17.
The local industry, which is small by world standards, is comprised of relatively small companies, which tend to focus on market niches. The number of enterprises in this industry is declining and consolidation is taking place, both indicative of a declining industry.
Industrial production in the United Kingdom is expected to decline in the five years through 2011-12, and is forecast to grow at a very slow pace through 2016-17... purchase to read more