Definition
Firms in this industry are primarily engaged in pouring molten iron and steel into molds of a desired shape to made castings. The castings are made from purchased metals or in integrated secondary smelting and casting facilities. Foundries manufacture cast iron brake shoes, cast iron pipe and pipe fittings, malleable iron castings, unfinished iron castings, ductile iron castings and steel ingot molds and castings. Investment castings use a mold that has been produced by surrounding an expendable pattern with refractory slurry, which sets at room temperature. The pattern is then melted or burned out, leaving the mold cavity.

IBISWorld research reports contain trend analysis, statistics, market size information, industry growth rates as well as market share of competitors.

Major market segments are identified and also those forces affecting demand and supply within the industry. Performance analysis includes emerging industry trends as well as recent results and performance of each key company. Drawing on the depth of information IBISWorld also provides 5 year forecasts for each industry.

Each comprehensive study also examines details such as the barriers to entry, operating cost structure, technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic regional data.

Each comprehensive study also examines details such as the barriers to entry, operating cost structure (including averages), technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic location.