Brittle revenue: The industry has been hit hard by global competition and the rise of substitutes

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...read more.

Industry Statistics & Market Size
Revenue
£417.2m
Annual Growth 14-19
-5.3%
Forecast Growth 19-24
Profit
Employment
3,653
Businesses
104

Industry Threats & Opportunities

  • The industry’s performance has been affected by fluctuations in the world price of iron
  • For much of the period, rising demand from the construction sector had a beneficial effect on industry revenue
  • New electricity-generating capacity is anticipated to be a growth area throughout the next five years
  • Industry Report - Industry Key Buyers Chapter

    The Iron Casting industry displays a medium level of market share concentration. However, concentration varies greatly by segment. The industry manufactures a diverse range of products, which tends to reduce overall concentration. The four largest industry firms are estimated to account for 65.8% of revenue in 2018-19. Although there are a large number of small firms in the industry, illustrated by the fact that 50% of firms employ fewer than 10 people, the largest firms tend to have a significant position in the markets for relatively complex and sophisticated castings.The level of market share concentration has been increasing over recent years as the number of enterprises has fallen. This suggests that companies are struggling and exiting the industry. The...purchase to read more.

    Additional Insights for the Iron Casting Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Iron Casting Industry are

  • Optimum capacity utilisation
  • Having a good reputation
  • Ability to pass on cost increases
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Demand from motor vehicle manufacturing in the Iron Casting industry impact industry performance..

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    What's in this report

    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 castings
  • Malleable iron castings
  • Industry Activities
  • Semi-finished iron product casting
  • Grey iron casting
  • Spheroidal graphite iron casting
  • Malleable cast-iron product casting
  • Manufacturing tubes, pipes and hollow profiles and tube or pipe fittings of cast iron
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Demand from motor vehicle manufacturing
  • Real effective exchange rate
  • World price of iron ore

  • Current Performance
  • Motoring ahead
  • In a hole
  • Cast-iron competition
  • Iron ore
  • Chart: Revenue Growth

  • Industry Outlook
  • Mixed demand
  • Global growth
  • Imported inputs
  • Table: Iron Casting Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Iron Casting Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Tool Manufacturing
  • Tap & Valve Manufacturing
  • Mining, Quarrying & Construction Machinery Manufacturing
  • Motor Vehicle Manufacturing

  • Key Selling Industries
  • Electricity Distribution
  • Iron & Steel Manufacturing

  • Products & Services
  • Ductile iron castings
  • Grey iron castings
  • Malleable iron castings
  • Chart: Iron Casting Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Automotive manufacturers
  • Other
  • Construction, farming and mining machinery manufacturers
  • Water and sewerage companies
  • Chart: Major Market Segmentation for the Iron Casting Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationUtilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Iron Casting

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Iron Casting Industry

  • Industry Globalization
    Castings plc, Saint-Gobain Construction Products UK Ltd, EURAC Poole Ltd, Chamberlin plc,
  • Table: Castings plc - financial performance
  • Table: Saint-Gobain Construction Products UK Ltd - financial performance
  • Table: EURAC Poole Ltd - financial performance
  • Table: Chamberlin plc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Iron Casting Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Iron Casting Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cast Iron
  • Iron or a ferrous alloy that has been heated and poured into a mould. It has a higher carbon content than steel.
  • Grey Iron
  • The commonest form of cast iron. Its name comes from the grey colour that appears when it fractures because of the presence of graphite.
  • Ni-Resist
  • A family of SG irons alloyed with nickel.
  • Spheroidal Graphite (Sg) Iron
  • Also called ductile irons. They are strong and malleable, easy to cast and are at times preferred to steel castings.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Iron Casting market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Iron Casting:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Iron Casting market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Iron Casting, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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