The Latest Foundry Industry Statistics Explained
The foundry market was worth USD 220.44 billion in 2020.
The statistic indicates that the total value of the foundry market, which includes the production and sale of metal castings, reached USD 220.44 billion in 2020. This value represents the combined revenue generated by foundry companies globally during that year. The figure serves as a measure of the economic significance and scale of the foundry industry in terms of its contribution to global manufacturing activities and overall market size. Additionally, the statistic also suggests the level of demand for metal castings driven by various industries such as automotive, aerospace, construction, and others, highlighting the importance of foundry products in supporting these sectors.
The industry is expected to reach USD 354.4 billion by 2028.
The statistic ‘The industry is expected to reach USD 354.4 billion by 2028’ signifies a projected growth in the industry’s market size over the specified time period. This estimate suggests that the industry is forecasted to expand significantly in terms of overall revenue generation, reaching a substantial monetary value of USD 354.4 billion by 2028. Such a projection may be based on various factors such as market trends, demand forecasts, technological advancements, regulatory changes, and other relevant factors influencing the industry’s growth trajectory. It indicates a positive outlook for the industry’s future prospects, highlighting opportunities for businesses, investors, and stakeholders operating within this sector to capitalize on the anticipated growth and potential market expansion.
Global foundry revenue by quarter was worth USD 22.8 billion in Q1 2021.
The statistic indicates that the total revenue generated by global foundries, which are companies that produce semiconductors or integrated circuits, amounted to USD 22.8 billion in the first quarter of 2021. This revenue figure reflects the combined sales and performance of foundries worldwide during that specific quarter. It serves as a key indicator of the overall health and performance of the semiconductor industry, influencing investment decisions, market trends, and economic forecasts. The quarterly revenue figure provides insights into the growth and market share of individual foundries, as well as the overall strength of the industry in meeting the increasing global demand for semiconductor products.
Global foundries constituted more than half (51%) of the wafer capacity in 2020.
The statistic “Global foundries constituted more than half (51%) of the wafer capacity in 2020” indicates that Global foundries, a semiconductor manufacturing company, held a significant market share in terms of wafer production capacity in 2020. Specifically, Global foundries accounted for 51% of the total capacity for producing wafers, which are thin slices of semiconducting material used in the manufacturing of electronic devices like integrated circuits. This statistic illustrates that Global foundries played a dominant role in the semiconductor industry in 2020, highlighting the company’s substantial presence and influence in the global market for wafer production.
Foundries in the United States produced about 11 million tons of castings in 2019.
The statistic that foundries in the United States produced about 11 million tons of castings in 2019 indicates the significant contribution of the foundry industry to the manufacturing sector. This metric serves as a measure of the amount of metal or alloy products produced by foundries through the casting process during the specified year. The figure of 11 million tons highlights the scale of production and the demand for castings in various industries such as automotive, aerospace, construction, and more. Analyzing this statistic can provide insights into the health of the manufacturing sector, overall economic activity, and potential trends in demand for cast metal products in the United States.
U.S. foundries directly employ nearly 200,000 workers.
The statistic ‘U.S. foundries directly employ nearly 200,000 workers’ indicates that the foundry industry in the United States plays a significant role in providing employment opportunities. Foundries are manufacturing facilities that produce metal castings, and the substantial workforce employed directly by these foundries highlights the industry’s importance in the labor market. These workers are likely involved in various tasks such as casting, molding, melting, and finishing metal products. The industry’s reliance on a large number of workers suggests a considerable contribution to the economy in terms of job creation, income generation, and overall industrial output.
China’s foundry industry had a sales revenue of around 1.41 trillion Yuan in 2019.
The statistic stating that China’s foundry industry had a sales revenue of approximately 1.41 trillion Yuan in 2019 provides valuable insight into the economic significance of the industry within the country. The large revenue figure demonstrates the substantial size and importance of the industry in contributing to China’s overall economy. This statistic indicates a thriving foundry sector characterized by high levels of production and demand for its products. The revenue generated also suggests strong market demand domestically and potentially globally for China’s foundry products, highlighting the country’s competitive position in this sector.
India has about 4,600 foundry units producing 11 million tonnes of cast components.
The statistic states that India has approximately 4,600 foundry units that are responsible for producing a total of 11 million tonnes of cast components. Foundry units are industrial facilities where metals are melted and poured into molds to create various products, such as automotive parts, machinery components, and other metal products. The fact that there are 4,600 foundry units in operation highlights the significant role of this sector in India’s manufacturing industry. The production output of 11 million tonnes indicates the scale of manufacturing activity in the foundry sector, demonstrating its importance in contributing to the overall industrial production and economy of India.
Globally, the consumption of foundry resin sand was about 365 million tonnes in 2020.
The statistic ‘Globally, the consumption of foundry resin sand was about 365 million tonnes in 2020’ refers to the total amount of resin sand used in foundry applications worldwide during the year 2020. Foundry resin sand is a specialized material used in the casting process to create molds for metal parts in industries such as automotive, aerospace, and manufacturing. The magnitude of 365 million tonnes signifies a significant demand for foundry resin sand globally, indicating the scale of industrial production and casting activities across various sectors. This statistic provides insight into the extensive reliance on resin sand in foundry operations on a global scale and highlights the essential role of this material in the manufacturing and production of metal components.
Foundry resin sands market is expected to reach USD 665.61 million by 2027.
The statistic indicates that the foundry resin sands market is forecasted to grow and reach a value of USD 665.61 million by the year 2027. This suggests a positive outlook for the market as there is an anticipated increase in demand for foundry resin sands over the coming years. Factors such as growth in industrial activities, technological advancements, and increasing use of foundry resin sands in various applications may contribute to this projected market value. The figure serves as a prediction based on current trends and market analysis, offering insight into the potential growth and size of the foundry resin sands market in the near future.
In 2020, China dominated the global foundry market with a share of around 63%.
The statistic “In 2020, China dominated the global foundry market with a share of around 63%” indicates that the majority of foundry production worldwide was concentrated in China during that year. Foundries are facilities that produce metal castings, a crucial component in various industries such as automotive, aerospace, and construction. China’s significant market share suggests that it is a key player in the global foundry industry, likely benefiting from factors such as cost efficiency, technological advancements, and a large manufacturing infrastructure. This level of dominance implies that China holds a competitive edge in the foundry market compared to other countries, potentially influencing pricing, production capacity, and overall industry trends on a global scale.
The foundry industry is expected to register a CAGR of over 5% during 2020-2025.
The statistic stating that the foundry industry is expected to register a Compound Annual Growth Rate (CAGR) of over 5% during the period between 2020 and 2025 indicates that the industry is projected to experience a steady annual growth rate of at least 5% over this five-year period. This suggests that the foundry industry is likely to expand and develop at a consistent pace, demonstrating positive momentum and potential for increased business opportunities and market expansion. This growth rate serves as a key indicator of the industry’s performance and overall health, providing insights into its future prospects and opportunities for stakeholders involved in the foundry sector.
The automotive segment held the largest market share in the foundry market in 2019.
The statistic ‘The automotive segment held the largest market share in the foundry market in 2019’ indicates that within the foundry industry, which involves the manufacturing of metal castings, the automotive sector had the highest proportion of market share compared to other industry segments. This implies that a significant portion of the demand for metal castings in 2019 came from the automotive sector, likely due to the production of various vehicle components like engine parts, chassis components, and other metal-based products used in vehicles. This statistic highlights the importance of the automotive industry as a key driver of demand and revenue within the foundry market during the specified year.
On average, a foundry worker’s wage is around USD 41,132 per year in the United States.
The statistic stating that on average, a foundry worker’s wage is around USD 41,132 per year in the United States provides insight into the typical annual income earned by individuals employed in foundries within the country. This figure represents the average earnings across all foundry workers and serves as a benchmark for understanding the general compensation levels in this specific industry. It indicates that half of the foundry workers earn more than this amount while the other half earns less. This statistic can be used for comparison purposes, assessing the competitiveness of wages in the foundry sector, and understanding the economic well-being of individuals working in this field.
Asia leads the foundry industry with China having the largest global share of more than 38%.
The statistic suggests that Asia is the dominant region in the foundry industry, with China specifically accounting for over 38% of the global market share. This indicates that China plays a significant role in the production and supply of metal castings, which are important components in various industries such as automotive, aerospace, and machinery manufacturing. The strong presence of China in the foundry industry not only reflects its industrial capacity and technological advancement but also signifies its competitive edge in the global market. As a result, Asia, led by China, is a key player in shaping the dynamics and trends of the foundry industry worldwide.
Mexico is the 8th largest producer of castings in the world.
The statistic stating that Mexico is the 8th largest producer of castings in the world indicates that Mexico ranks as the eighth highest in terms of the quantity of castings it produces in comparison to other countries globally. Castings refer to metal objects that are formed by pouring molten metal into a mold and allowing it to cool and solidify. This statistic highlights Mexico’s significant role in the manufacturing and industrial sectors, showcasing its capability to produce a substantial volume of castings. Furthermore, it suggests that Mexico holds a competitive position in the global market for castings production, contributing to its economic impact and manufacturing capabilities on an international scale.
References
0. – https://www.www.globenewswire.com
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2. – https://www.www.statista.com
3. – https://www.awrf.org
4. – https://www.www.foundry-planet.com
5. – https://www.www.3dnatives.com
6. – https://www.www.zippia.com
7. – https://www.www.afsinc.org
8. – https://www.www.mordorintelligence.com
