NEW ECONOMIC FORECAST FROM AFS PROJECTS STRONG GROWTH IN 2021
24/01/21
The U.S. metalcasting industry is projected to grow at a rate of 19.7% in 2021, according to a new report published by the American Foundry Society.
This and other vital business intelligence was released today in the biannual AFS Metalcasting Forecast & Trends, which provides a targeted economic outlook to foundries, industry suppliers, and others who must understand analysts' projections for the short- and long-term future of the metalcasting industry.
“Following an economic slowdown triggered by the pandemic and the government response, we are projecting casting sales to rebound from $36.8 billion to $44.0 billion,” said Doug Kurkul, CEO of AFS. “We expect the market to have recovered to just about the 2019 level by the end of 2021.” More...
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