Procurement Market Intelligence Report
Metal Casting Services
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Metal Casting Services Global Overview
Definition
Summary
Casting is a metalworking process that involves pouring molten metal into a mold, where it then cools and solidifies in the shape of the mold. Both multiline and specialist vendors operate in the market, while aircraft manufacturers, automobile manufacturers and medical device manufacturers are the primary users of these services. Key buyers include aircraft, automobile, and medical device manufacturers.
This Report Includes:
- Ferrous Metal Casting
- Nonferrous Metal Casting
Not in this Report:
- Metal Forming Services
- Injection Molding Services
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Global Metal Casting Services Procurement Trends
Discover the top international trends affecting procurement in the global Metal Casting Services market.
Warning Trends
Increased tariffs on copper imports take effect
- On August 1, the Trump administration implemented 50.0% tariffs on imported copper. Chile and Canada will be most impacted by these tariffs, as they account for a combined 87.0% of all copper imports in the United States.
- However, these tariffs are less sweeping than initially expected, only applying to semi-finished copper products, while excluding high-purity refined copper and copper input materials, such as ore and concentrate. As leading importers, such as Chile and Canada, have both high copper mining and refining capacities, they will likely avoid most of these tariffs by either exporting the copper in its unrefined form or refining the copper before exporting it to the United States
- These copper tariff exemptions limit the impact on the electronics and electrical equipment sectors because these applications require refined copper due to its optimal conductive properties.
- Thus, the prices of metal alloys that include copper, consumer products made from copper, tools, plumbing, corrosion-resistant alloys, and construction materials made from copper are forecast to rise by an average of 39.2%, according to the Yale Budget Lab.
Manufacturing component prices to rise in response to elevated tariffs
- The Trump administration’s reciprocal tariffs, which apply broad tariffs to all imports from most nations, are set to take effect on August 7 after the rates were finalized on August 1.
- However, these tariff increases exempt steel and aluminum products, which already face a flat tariff rate of 50.0% regardless of source country, except for the United Kingdom, as of mid-June.
- The tariffs on steel and aluminum are set to increase domestic prices for these metals by 37.6%, translating to similar price increases for manufacturing components made from these materials, such as springs, non-electric wire and cable, or fasteners.
- Nonmetallic manufacturing components, such as those made from plastic and other materials, are likely to see significant price increases when the reciprocal tariffs go into effect, with the Yale Budget Lab projecting an 11.0% average price increase for plastic and rubber goods.
- As tariff policy continues to evolve, this story will be continuously updated to reflect the impacts.
United States announces new tariffs on all imported steel
- In February 2025, the United States announced 25.0% tariffs on all imported steel with no exemptions or exceptions. The tariffs took effect on March 12, 2025. On June 4th, these tariffs were increased further to 50%. These tariffs were not impacted by a recent court decision that temporarily suspended duties on certain goods as they were implemented under Section 232 of the Trade Expansion Act.
- Previously, countries such as Canada, Mexico, and Brazil, the top exporters of steel to the United States, had exemptions from tariffs. These have now been removed and all imported steel, regardless of origin, will be subject to the 50.0% tariff. However, on May 8th, the US announced an agreement with the United Kingdom to remove all levies on steel exported from the UK.
- When tariffs on steel imports were introduced in March 2018, they contributed to an increase in the price of steel and steel products. According to the Bureau of Labor Statistics, the price of steel-milled products increased by 10.2% in the year after the tariffs were implemented. This market heavily relies on steel as an input and may be impacted by this policy.
Global Metal Casting Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 Europe | 5,290 |
| #2 China | 3,465 |
| #3 India | 3,010 |
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Geography Drilldown - US
Average Cost of Metal Casting Services
United States
2026 Market Pricing$1.00 to $XXX.XX
per casting partAverage Price
Prices in the Metal Casting Services market range from $1.00 to $XXX.XX, depending on Type of Service, Type of Material, Tooling, Quantity and Level of Customization. For example, lower prices are associated with Sand casting ($1.00 to $5.00 per casting part), whereas higher prices are associated with Die casting ($10.00 to $50.00 per casting part).
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Metal Casting Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Metal Casting Services market, prices in the US have declined -1.6% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
United States (2025-2028)
Compound Annual Growth Rate
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Cost Analysis - Total Cost of Ownership for Metal Casting Services
Total cost of ownership is Low in the Metal Casting Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Hidden Fees may raise the total cost of ownership unexpectedly.
Negotiated Before
Customization
Billed During
Additional Fees
Unforeseen
Hidden Fees
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -2.1 in the United States. Buyer power is most positively impacted by Recent Developments. It is most negatively impacted by Recent Price Trend. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as High, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Metal Pipe & Tube Manufacturers
- Steel Rolling & Drawing Manufacturers
- Screw, Nut & Bolt Manufacturers
2nd
Tier Suppliers
- Nonferrous Metal Foundry Product Manufacturers
- Iron & Steel Manufacturers
- Aluminum Manufacturers
Biggest Metal Casting Services Suppliers in the US by Revenue
The largest Metal Casting Services vendors by revenue in the US are ThyssenKrupp Elevator AG, Precision Castparts Corp and Georg Fischer AG. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Kobe Steel Ltd. | Global | Kobe, JP | >10,001 | 10-15 | ||||
| Arconic Corporation | Global | Pittsburgh | >10,000 | 10-15 | ||||
| American Cast Iron Pipe Company | International | Birmingham, AL | 1,001-10,000 | 10-15 | ||||
| Hitachi Ltd. | Global | Tokyo, JPN | >10,001 | 5-10 | ||||
| Sumitomo Corp | Global | Tokyo, JP | >10,001 | 5-10 | ||||
| Ryobi Ltd. | Global | Hiroshima, JP | 1,001-10,000 | 5-10 | ||||
| Precision Castparts Corp | Global | Portland, OR | >10,000 | 5-10 | ||||
| ThyssenKrupp Elevator AG | US | 5-10 | ||||||
| Grede Foundries Inc. | < 5 | |||||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Metal Casting Services market is 4.6% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Purchases. The cost trend for this component is falling, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Supply chain risk in the metal casting services market is high due to raw materials, including steel and aluminum, often having volatile prices; as such, vendors pass on increased supply chain risk to buyers in the form of higher prices.
Market share concentration in this market is moderate due to growing competition among top suppliers.
Metal casting service suppliers carry a moderate level of risk on average. Suppliers manufacture products that are in the mature stage of the product life cycle, which can make it difficult for vendors to establish significant revenue growth.
As a net importer in the metal casting services market for unwrought aluminum, US buyers' procurement strategies may be influenced by cost considerations and international competition and they will need to carefully evaluate pricing options and potentially seek more cost-effective solutions. Being a net importer can restrict buyer power and reduce their ability to dictate terms and conditions in procurement transactions, and will have less control over pricing, quality, and availability of the goods or services they need.
As a net exporter of primary steel used in metal casting, US buyers gain better pricing leverage and negotiation opportunities. A surplus of goods gives US buyers more options to choose from, and makes them less dependent on overseas suppliers, thereby, aiding buyer power by diversifying supply chains.
Supplier Information
American Cast Iron Pipe Company
American Cast Iron Pipe Company is a private company operating internationally in the manufacturing sector. The company's offerings include metal casting services and industrial welded carbon steel pipes. Founded in 1905, the company is currently headquartered in Birmingham, Alabama, United States of America... Subscribe to learn more
Arconic Corporation
Howmet Aerospace Inc. is a global provider of advanced engineered solutions for the aerospace, commercial, and transportation industries. It primarily produces jet engine components, fastening systems, airframe structural components, titanium ingots, mill products, aluminum forgings, nickel forgings, aluminum... Subscribe to learn more
Kobe Steel Ltd.
Kobe Steel Ltd. is a public company operating globally in the manufacturing sector. The company's offerings include crawler cranes and metal casting services. Founded in 1900, the company is currently headquartered in Kobe, Japan with an estimated employee count of over 10,000. Subscribe to learn more
Hitachi Ltd.
Hitachi Ltd. is a public company operating globally in the manufacturing and wholesale trade sectors. The company's offerings include forestry & logging equipment, front-end loaders, bulldozers, excavators, building demolition machinery & equipment. Founded in 1910, the company is currently headquartered Subscribe to learn more
Precision Castparts Corp
Precision Castparts Corp is a private company operating globally in the manufacturing sector. The company's offerings include oil & gas casing & tubing, metal casting services, industrial fasteners, rivets and metal forming services. Founded in 1953, the company is currently headquartered in Portland, Oregon,... Subscribe to learn more
Ryobi Ltd.
Ryobi Ltd. is a public company operating globally in the manufacturing sector. The company's offerings include ride-on lawnmowers and metal casting services. Founded in 1943, the company is currently headquartered in Hiroshima, Japan with an estimated 5500 employees. Subscribe to learn more
Sumitomo Corp
Sumitomo Corp is a public company operating globally in the mining, manufacturing, manufacturing and real estate & rental & leasing sectors. The company's offerings include oil & gas casing & tubing, earthmoving machine rental, aerial lift rental, industrial truck rental, automobile & light truck tires. Founded... Subscribe to learn more
ThyssenKrupp Elevator AG
ThyssenKrupp Elevator AG is a public company operating in the construction and manufacturing sectors. The company's offerings include elevators, escalators and elevator & escalator maintenance services. Founded in 2014, the company is currently headquartered in United States of America. Subscribe to learn more
Georg Fischer AG
Georg Fischer Harvel LLC is a private company operating in the manufacturing sector. The company's offerings include industrial pvc pipes. Founded in 2016, the company is currently headquartered in United States of America. Subscribe to learn more
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Procurement Management KPIs for the Metal Casting Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Cost of Goods Sold and Customer Acquisition Cost. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Quality and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Cost of Goods Sold |
|
Total revenue Total labor cost Total material cost Total service cost Total delivery cost |
Knowing the cost of goods sold is used to determine market profitability, which is helpful to gauge the performance of the metal casting service for a vendor. Knowing the cost of goods sold is beneficial to the vendor for price determination of their metal casting products. |
| Customer Acquisition Cost |
|
Total marketing costs Total sales costs Number of customers acquired |
The customer acquisition cost can be used to determine how much it costs to establish a customer relationship. The customer acquisition cost can be used to determine the efficiency of customer acquisition processes. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Experience and Expertise
Can you detail the scope of your operations and quality control procedures that are in place?
Have you served businesses like mine? If so, can you provide a portfolio of similar projects you have worked on?
Customer Service
What kind of troubleshooting services do you offer? What is your average response time?
In case of unforeseen events, how quickly can you provide alternatives and the corresponding information on the cost and tooling?
Competition
What are the benefits of working with your company compared with other suppliers?
What kind of warranties can you provide for the integrity of the work?
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Metal Casting Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should describe the size of their organization, including number of employees, number of facilities and the general scope of operations.
Buyers should include information about their organization type, such as if they are an automobile manufacturer, consumer product manufacturer or oil and gas machinery producer or operator.
Statement Of Need
Buyers should specify the number of casts needed, the type of metal required and any other properties required of the cast.
Buyers should include information about the number of uses they expect from each cast.
Project Budget
Buyers should include as much information about the total scope of the project as possible.
Buyers should include information about the payment schedule (e.g., if it is incremental or done at the completion of the project).
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Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
