Top 5 Vendors in the Iron Casting Market in North America – Technavio

October 19, 2017

LONDON–(BUSINESS WIRE)–#MetalsandMinerals—Technavio
has announced the top five leading vendors in their recent iron
casting market in North America report from 2017-2021. This market
research report also lists 15 other prominent vendors that are expected
to impact the market during the forecast period.

Competitive vendor landscape

The iron
casting market in North America is a diverse and versatile industry,
extending from small operations that focus on low-volume specialty
products to large establishments. The individual castings range from
less than one ounce to many tons. Each establishment might have
specialized equipment that is appropriate for specific casting sizes,
and order volume for its target market. In several cases, iron casting
foundries are considered as either job shops or captive operations. Job
shops tend to produce short runs for a wide range of customers, and
typically accrue the higher costs that are associated with changing
production lines and maintaining large inventories of patterns for their
numerous customers. The major players include Hitachi Metals, OSCO
INDUSTRIES, American Axle & Manufacturing, GIS, and Neenah Foundry.

According to Ajay Adhikari, a lead analyst at Technavio for metals
and minerals research, “Captive shops are internal divisions of
companies that provide castings for their affiliated production
operations. Since these iron casting foundries supply to one customer,
their success largely depends on the performance of their allied
manufacturing facility and its market. These operations typically have
access to financial resources of the affiliated manufacturing operations
to carry them through difficult operating phases, and often have a
certain line of business.”

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Technavio market research analysts identify the following key
vendors:

Hitachi Metals

Hitachi Metals manufactures, designs, and markets high-grade metal
products and materials, cables, wires, high-grade functional components
and equipment, and magnetic materials and applications. The company
offers ductile iron castings for steering knuckles, differential cases,
control arms, exhaust manifold, trailing arms, crankshafts, differential
carriers, and support beams.

OSCO INDUSTRIES

OSCO INDUSTRIES is a gray iron foundry, specializing in green sand and
shell molding. The company serves clients in numerous industries, such
as automotive, power transmission, air conditioning and refrigeration,
and pumps and valves. The company's casting sizes range from 1.0 lb to
50 lbs, focusing on medium to high-volume production.

American Axle & Manufacturing

American Axle & Manufacturing designs, manufactures, engineers, and
distributes driveline and drivetrain systems, and related components for
passenger cars, light trucks, SUVs, crossover vehicles, and commercial
vehicles. It holds the leading position in casting technology and is one
of the world’s largest producers of ductile iron. The company had
recently acquired Metaldyne Performance Group, which specializes in
ductile iron castings for steering knuckles, powdered metal parts, and
machined components, and control arms and differential cases.

GIS

GIS is a leading Mexican industrial conglomerate that designs, produces,
and markets numerous products for the home appliances, industrial, and
construction sectors in Mexico and other countries. It produces aluminum
castings and machining parts, and gray and ductile iron auto parts for
applications, such as brakes, engines, and transmission and suspension
systems.

Neenah Foundry

Neenah foundry manufactures and markets iron castings for industrial and
municipal markets. It produces municipal castings, such as bollards,
decorative tree grates, manhole frames, airport rated castings, access
hatch frame and covers, lids and grates, and stormwater management
castings. The facilities offered include casting, forging, machining,
and assembly of key parts for heavy trucks, construction, agriculture,
HVAC, and other industries.

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