The market is dominated by domestic suppliers, as imports account for 0.8% of total market size in 2023. B2B drives market demand, with B2B spending representing 98.3% of total demand in 2023. The US has the largest market size for casting of metals across the top 20 developed countries, with demand reaching USD34.7 billion in 2023. Precision Castparts Corp is the largest company in the US, generating 7.5% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 16.8% of total production value in 2023. The total number of companies decreases in 2023, to 2,071 units. The costs of the industry increase by 2.5% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 17.2% of production value in 2023, the second highest across the top 20 developed countries. With production value of USD34.9 billion, the US accounts for 94.2% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Casting of Metals in the US: ISIC 273. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Casting of Metals in the US: ISIC 273 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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