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Iron Casting in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Iron Casting Market Research Report | SIC C24.510 | Mar 2017

Imperfect cast: Growth in the current year is not enough to repair significant revenue contraction

IBISWorld’s Iron Casting market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Castings plc Castings plc market share
Chamberlin plc Chamberlin plc market share
EURAC Poole Ltd EURAC Poole Ltd market share
Saint-Gobain Construction Products UK Ltd Saint-Gobain Construction Products UK Ltd market share
Industry Statistics & Market Size
Revenue
£451m
Annual Growth 12-17
-7.1%
Annual Growth 17-22
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Profit
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Employment
3,981
Businesses
106
Industry Analysis & Industry Trends

Cast iron is used in a range of engineered products, including automotive parts, tools, construction and mining equipment and heating equipment. No official statistics are available on imports and exports of iron castings because the industry covers a production process rather than a product. As a result, although the industry is highly exposed to international trade, any international trade data tends to include these castings as constituents of products or parts that are included in other industries. The largest downstream market for iron castings in the United Kingdom is motor vehicle and automotive parts manufacturers, followed by construction, farming and mining machinery manufacturers... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Iron Casting industry is estimated to be in the decline stage of its life cycle. Industry value added is expected to fall at a compound annual rate of 2.5% over the decade through 2021-22. Over the same period the UK economy is expected to grow at a compound annual rate of 2.3%. This shows that the industry's contribution to the UK economy is forecast to decline over the 10-year period.

The domestic industry remains relatively small by world standards and revenue is expected to continue to contract. Some of the industry's products that are used in the manufacture of motor vehicles have been gradually substituted by lightweight aluminium casings. In addition, the number of industry enterprises is falling steadily, illustrating a degree of industry consolidation.

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Industry ProductsRelated ReportsTable of Contents

What is the Iron Casting Industry?

Companies in this industry operate iron foundries, which produce iron products through a process called casting. This involves pouring molten ferrous metals into moulds.

Industry Products
Ductile iron castings Grey iron castingsMalleable iron castings
 
Industry Activities
Semi-finished iron product castingGrey iron castingSpheroidal graphite iron castingMalleable cast-iron product castingManufacturing tubes, pipes and hollow profiles and tube or pipe fittings of cast iron


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