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Sand Castings
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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Abi will answer all Sand Castings related
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Get up-to-date market and supplier info on Sand Castings to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

  • Sand Castings Industry Trends
  • Regional Market Outlook- China, US, ndia, Japan, Germany
  • Castings Suppliers: Product/Service Portfolio
  • Key Global Supplier Profiles

Table of contents

  1. Sand Castings Executive Summary
  2. Global Sand Castings Industry Outlook (2018)
  1. Sand Castings Market Analysis
  2. Global Sand Castings: Market Maturity
  3. Global Sand Castings: Industry Trends
  4. Regional Market Outlook
  5. Porter's Five Forces Analysis: Developed Global
  1. Sand Castings Supply Analysis
  2. Key Global Sand Castings Suppliers
  3. Key Global Supplier Profile
  4. Supplier SWOT Analysis
  1. Cost Structure
  2. Cost Drivers: Raw Materials, Electricity, and Labor
  1. Sand Castings Procurement Best Practices
  2. Contract Structure
  3. Emerging Technologies: Pros and Cons
  4. Industry Best Practices

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Global Market Outlook on Sand Casting

  • China, US, India, Japan, and Germany are ranked as the top five sand castings producing countries
  • Nearly, 70 percent of ferrous castings and 25 percent of the non-ferrous castings are casted using the sand casting process
  • Major end-user sectors in the casting market are Automobile: 42–45 percent, Machinery: 20–22 percent, Civil Engineering: 10–15 percent, Energy: 8–10
    percent.
  • Top global sand casting suppliers include FAW Foundry, Weichai Power, Waupaca Foundry, Grede Holdings, Hinduja Foundries, Jayaswal Neco India Ltd.,
    Hitachi Metals, Nemak.
  • Sand casting suppliers compete by offering various additional services and differentiate themselves among peers through cost and product quality.

sand-castings-global-market-size

Global Sand Castings Market Maturity

  • China contributes to nearly 45–47 percent of the global sand castings production. In case of the ferrous castings, China is followed by India, whereas the US takes the second position in producing non-ferrous castings
  • In general, the sand casters are small and medium-sized enterprises
  • Automobile and industrial machinery are two major end-use industries, which serves as a key demand driver for the sand castings production

 Global Sand Castings Industry Trends

  • The foundry industry is fragmented and the foundries compete by providing value-added services, like machining, heat treatment, and other processes
  • The environmental regulations in the developed nations are very stringent, and hence, the foundries are likely to invest more on environment-friendly practices, like recycling of sand, usage of silicate binder, etc.

Regional Market Outlook-US

  • Contraction in the industry: The number of iron and steel foundries declined, whereas the non-ferrous foundries were stable. Medium and small-scale enterprises dominate the supplier landscape
  • Demand from the automotive, railways, energy & construction sectors has been the main demand drivers through these years

Cost Structure

  • Primary cost drivers are those which directly affect the cost of the product:

– Materials, energy, wage rates are some of the primary drivers, which can be directly tied to the variations in cost

  • Secondary cost drivers explain the variations in primary cost drivers, which affects the cost indirectly

– Coke/charcoal and iron ore are the main raw materials used in the production of pig iron

– Any change in the price of the coke/charcoal and iron ore will have its impact on the price of pig iron . 

  • Coal prices will have its effect on the price of electricity
  • Key price drivers are end-user demand, taxes, contract terms, and the overall cost

Sand Castings Market Overview

  • A key feature of the sand-casting industry in China is market consolidation: The number of foundries remained stable from 2010 to 2019. The iron foundries declined, whereas number of non-ferrous foundries almost doubled during these years.
  • There are large number of small and medium-scale enterprises. Demand from the automotive, railways, energy & construction sectors has been the main demand drivers through these years.
  • In general, two types of contracts were followed in the sand-casting industry. The contract structure varies from one-time orders to yearly contracts or long-term contracts, based on the client requirements.
  • The price revision happens monthly, based on the price rise or drop by more than 5 percent in the case of long-term contracts. In one-time order, the price remains constant from the date of order to the date of delivery.
  • Sand casting market reports shows that the emerging technologies include Additive Manufacturing, Casting Simulation Software and Advancements in Binders.

Why You Should Buy This Report

The report gives a regional market outlook of China, Germany, Japan, US and India. It shows the global sand casting market trends and gives the service portfolio and
SWOT analysis of key players such as Hinduja Foundries, Weichai Holding Group Co., Ltd., Hitachi Metals, etc. It breaks down the cost structure and analyzes the price and price drivers. The report gives information about the typical contract structure of the sand casting industry.

Sand Castings Frequently Asked Questions

  1. What’s the global valuation i.e., market size of the sand-casting market?
  2. According to Beroe’s analysis, the ferrous casting market valuation stands at 59.38 MMT and is expected to grow at a CAGR of 2 -3 percent to touch a valuation of 62.44 MMT. Similarly, non-ferrous casting will grow at a CAGR of 1 – 2 percent to reach a valuation of 51.12 MMT from 49.06 MMT.
  1. Which are the top five sand-casting producing countries?
  2. The top five sand-casting producing countries include – China, India, the USA, Japan, and Germany.
  1. What are the major end-user sectors highly dependant on the sand-casting market?
  2. Automobiles: 42 – 45 percent Machinery: 20 – 22 percent Civil Engineering: 10 – 15 percent Energy: 8 – 10 percent
  1. Who are the top global sand-casting suppliers?
  2. As per the insights shared in the Beroe report, the top global suppliers of the casting market include: FAW Foundry Weichai Power Waupaca Foundry Grede Holdings Hinduja Foundries Jayaswal Neco India Ltd. Hitachi Metals Nemak
  1. What encourages the foundries to invest in environment-friendly practices?
  2. The developed nations follow a strict policy when it comes to safeguarding the environment. Since the regulations are quite stringent, the foundries need to adhere to the rules and invest in practices like recycling of sand, usage of silicate binder, etc.
  1. What majorly influenced the sourcing and procurement in the casting industry w.r.t the U.S. region?
  2. The decline in the number of iron and steel foundries, stability of ferrous foundries, medium and small-scale enterprises dominating the supplier landscape majorly influenced the procurement in the casting industry. Consistent rise in demand from the automotive, construction, energy sectors further contributed to the increase in demand throughout these years.
  1. What are the driving factors of the casting market that influence its cost? Also, bifurcate the components share based on their type.
  2. Three primary factors that influence the cost of the casting market are – raw materials (direct & indirect), electricity, and labor (wage rate). The bifurcation of each component is as follows: Cost Component Ferrous Non-ferrous Direct material 26 – 44% 50 – 75% Indirect material 11 – 20% 11 – 20% Labor 5 – 24% 5 – 15% Energy 9 – 15% 12 – 20%
  1. What are the main raw materials used in the production of pig iron?
  2. Coke or charcoal, and iron ore are the two primary raw materials which are used in the production of pig iron. Any price change in these materials will also impact the price of pig iron.
  1. Why do sand-casting companies keep fluctuating the prices within the casting industry?
  2. The primary factors that drive the price of different components include: End-user demand Taxes Contract terms The overall cost
  1. What are the emerging technologies in the sand-casting market?
  2. As per the metal casting industry outlook report shared by Beroe, the emerging technologies include: Additive manufacturing 3D printing Sand binder Casting simulation software Advancement in binders

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