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2018 Forecast


U.S. Casting Sales to Reach $33 Billion


The U.S. metalcasting industry is expected to see 4.7% growth from 2017-2018 and 1.8% growth in 2018-2019.


AN MCDP STAFF REPORT A


ccording to the 2018 Metalcasting Industry Forecast and Trends report published by the American Found- ry Society (AFS), U.S. metalcasting industry sales are forecast to increase by 4.7% to reach $33 billion in 2018 after hitting an estimated $30.6 billion in 2016. Growth in 2019 is expected to be 1.8%. In the short term, from 2017-2020, the U.S. metalcasting industry has a forecasted annual growth rate of 2.3%. T rough 2026, this report is estimating a 2.9% long-term annual growth rate for the industry. The U.S. metalcasting industry is made up of 1,952 facilities, with an industry capacity of 14.7


GRAY IRON MARKET SUMMARY


Highway, Street and Bridge Construction - NAICS 2373 Short Term Annual Growth Rate (AGR) ‘17-’20 .............. -2.3% Long Term AGR ‘17-’26 ................................................................. 0.5%


Pump and Compressor Manufacturing - NAICS 33391 Short Term AGR ‘17-’20 ................................................................ 4.2% Long Term AGR ‘17-’26 ................................................................. 2.9%


Automobile and Light Duty Motor Vehicle - NAICS 33611 Short Term AGR ‘17-’20 ................................................................ 5.4% Long Term AGR ‘17-’26 ................................................................. 3.4%


Agricultural Implement Manufacturing - NAICS 33311 Short Term AGR ‘17-’20 ................................................................ 4.6% Long Term AGR ‘17-’26 ................................................................... 3.1%


Other Engine Equipment Manufacturing - NAICS 333618 Short Term AGR ‘17-’20 ................................................................ 2.9% Long Term AGR ‘17-’26 ................................................................. 2.4%


Speed Changer, Industrial High-Speed Drive, and Gear - NAICS 333612 Short Term AGR ‘17-’20 .................................................................. 1.2% Long Term AGR ‘17-’26 ................................................................... 1.8%


Construction Machinery Manufacturing - NAICS 333120 Short Term AGR ‘17-’20 ................................................................. 9.7% Long Term AGR ‘17-’26 ................................................................. 4.9%


Other Industrial Machinery Manufacturing - NAICS 333249 Short Term AGR ‘17-’20 ................................................................ 2.4% Long Term AGR ‘17-’26 .................................................................. 2.2%


Metal Valve Manufacturing - NAICS 33291 Short Term AGR ‘17-’20 ................................................................ 2.8% Long Term AGR ‘17-’26 ................................................................. 2.4%


Miscellaneous Fabricated Metal Product Manufacturing - NAICS 332999


Short Term AGR ‘17-’20 .................................................................. 2.1% Long Term AGR ‘17-’26 ................................................................... 2.1%


TOTAL Short Term AGR ‘17-’20 ................................................................. 2.2% Long Term AGR ‘17-’26 .................................................................. 2.2% 2018 Sales Forecast ................................................ $4,728,270,000


million tons and a forecast capacity utilization of 75% in 2018. Top cast- ing industries include motor vehicle manufacturing (NAICS 3361), aero- space product and parts manufactur- ing (NAICS 3364), transportation equipment manufacturing (NAICS 336), iron pipe, fittings, ingot molds, and etc. (NAICS 331511), engine, turbine and power transmission (NAICS 3336), pump and compres- sor manufacturing (NAICS 33391),


Jan/Feb 2018 | METAL CASTING DESIGN & PURCHASING | 21


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