Industry Analysis & Industry Trends
Light metals, such as aluminium, titanium and magnesium, have a low atomic weight. They are cast into components for many engineered products, including automotive and aerospace parts. As a result, the industry's largest downstream markets are motor vehicle manufacturers and aerospace manufacturers. The industry is moderately concentrated, with only three firms – Montupet (UK) Ltd, Ryobi Aluminium Castings (UK) Ltd and Howmet Ltd – holding market shares greater than 10%.
The Motor Vehicle Manufacturing industry (IBISWorld report C29.100) has grown strongly since the economic downturn. This has been largely a result of increasing export volumes to developing countries. Jaguar Land Rover has led this trend with great success, which has encouraged others to follow suit... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Light Metal Casting industry in the mature phase of its life cycle. Industry value added (IVA), which measures industry contribution to the wider economy, is forecast to grow at a compound annual rate of 2.1% over the 10 years through 2021-22. This is comparable with GDP, which is projected to grow at a compound annual rate of 2.3% over the same period. Light metal castings are well-established products, having been on the market for some time, which is also an indicator of industry maturity. Increasing competition in recent years has forced product rationalisation and capital investment in pursuit of competitive edge. However, over the past five years, inefficient or cash-strapped operations unable to compete effectively were forced out of business or acquired by competitors. Thi.. purchase to read more