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Current State of the Industry | ||
Market Size (industry trends) | ||
Market Forecast (5-year projection) | ||
Products/Services Breakdown | ||
Revenue per State | ||
Financial Metrics | ||
Salary & Compensation Statistics | ||
Public Company Information | ||
Key Private Companies | ||
Government Vendors | ||
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2024 U.S. Industry Statistics & Market Forecast - Iron Foundries
Market Size & Industry Statistics
The total U.S. industry market size for Iron Foundries:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
Statistics | 2019 2020 2021 2022 2023 | |
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Market Size (Total Sales/Revenue) |
Order at top of page | |
Total Firms | ||
Total Employees | ||
Average Revenue Per Firm | ||
Average Employees Per Firm | ||
Average Revenue Per Employee |
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
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Market Forecast ($ millions) | ||||||
Projected Industry Growth Rate (%) |
Industry Insights
The iron foundries industry is going through a transformative phase due to the advent of new technologies, increased competition, and changing consumer preferences.One of the key trends shaping the industry is the growing demand for lightweight materials for various applications. It is because of this trend that a growing number of iron foundries are investing in new manufacturing techniques that allow them to produce high-quality aluminum castings. This demand for lightweight materials has led to greater adoption of 3D printing and other advanced manufacturing technologies.
Another trend that is shaping the iron foundries industry is the focus on sustainable production practices. Iron foundries are actively seeking ways to minimize their carbon footprint, reduce waste and pollution, and conserve natural resources. This has led to the adoption of cleaner production processes, such as the use of recycled metal.
The industry has also been impacted by the increased use of automation, robotics, and data analytics. Manufacturers are embracing digital technologies to reduce costs, increase efficiency, and improve product quality. This trend has helped to drive greater productivity and efficiency across the industry.
Finally, iron foundries are focusing on product innovation and customization to meet changing market demands. Producers are investing in R&D to develop new products that meet the demands of industries such as automotive, aerospace, and defense. They also focus on product customization, allowing customers to tailor products to their specific needs.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.Industry Average | Percent of Sales (Industry Benchmark) | |
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Total Revenue | Order at top of page |
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Operating Revenue | ||
Cost of Goods Sold | ||
Gross Profit | ||
Operating Expenses | ||
Pension, profit sharing plans, stock, annuity | ||
Repairs | ||
Rent paid on business property | ||
Charitable Contributions | ||
Depletion | ||
Domestic production activities deduction | ||
Advertising | ||
Compensation of officers | ||
Salaries and wages | ||
Employee benefit programs | ||
Taxes and Licenses | ||
Bad Debts | ||
Depreciation | ||
Amortization | ||
Other Operating Expenses | ||
Total Operating Expenses | ||
Operating Income | ||
Non-Operating Income | ||
EBIT (Earnings Before Interest and Taxes) | ||
Interest Expense | ||
Earnings Before Taxes | ||
Income Tax | ||
Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Iron Foundries company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.Profitability & Valuation Ratios | Industry Average |
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Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Iron Foundries industry is performing. | |
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Iron Foundries measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
Liquidity Ratios | Industry Average |
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Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Efficiency Ratios - Key Performance Indicators | Industry Average |
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Measure how quickly products and services sell, and effectively collections policies are implemented. | |
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
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Management Occupations | 5% | Order at top of page |
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Chief Executives | 0% | |||
General and Operations Managers | 2% | |||
Office and Administrative Support Occupations | 5% | |||
Installation, Maintenance, and Repair Occupations | 7% | |||
Other Installation, Maintenance, and Repair Occupations | 6% | |||
Production Occupations | 67% | |||
Metal Workers and Plastic Workers | 47% | |||
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic | 10% | |||
Grinding, Lapping, Polishing, and Buffing Machine Tool Setters, Operators, and Tenders, Metal and Plastic | 8% | |||
Metal Furnace Operators, Tenders, Pourers, and Casters | 6% | |||
Molders and Molding Machine Setters, Operators, and Tenders, Metal and Plastic | 20% | |||
Foundry Mold and Coremakers | 7% | |||
Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic | 13% | |||
Other Production Occupations | 13% | |||
Inspectors, Testers, Sorters, Samplers, and Weighers | 6% | |||
Inspectors, Testers, Sorters, Samplers, and Weighers | 6% |
Iron Foundries Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Iron Foundries industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Iron Foundries industry and adjacent sectors:Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Iron Foundries industry. |
Source:
Innovation News
- Jun 29, 2021: Southern Trenchless Solutions trademarks "SUPERCOVER" - Manhole covers, not of metal
- Mar 01, 2021: Leroy Tool & Die trademarks "HAND TEC" - Handles for buckets; replacement handles for buckets
- May 31, 2020: Tiffin Foundry & Machine trademarks "FREE-FLOW" - DIE CASTING MACHINE PARTS, NAMELY, GOOSENECKS, NOZZLES AND NOSES MADE OF METAL
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