LONDON--(BUSINESS WIRE)--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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