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Ferrous Metal Foundry Products in Michigan

Author.Name IBISWorld United States Last Updated: August 2025 NAICS MI33151

Ferrous Metal Foundry Products in Michigan industry analysis

The Ferrous Metal Foundry Products industry in Michigan is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while the national industry will likely decline at -x.x% during the same period. Industry establishments decreased an annualized -x.x% to xx locations. Industry employment has decreased an annualized -x.x% to x,xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x billion, while the national industry is expected to decline -x.x%. Industry establishments are forecast to decline -x.x% to xx locations. Industry employment is expected to decrease an annualized -x.x% to x,xxx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Ferrous Metal Foundry Products in Michigan Market Research Report

What’s Included in the Ferrous Metal Foundry Products in Michigan Market Research Report

Definition of the Ferrous Metal Foundry Products in Michigan?

Companies in this industry pour molten iron and steel into molds of a desired shape to make castings. Companies purchase ferrous metal inputs from iron and steel manufacturers. The industry does not include companies that cast iron and steel they manufacture themselves.

What’s included in the Ferrous Metal Foundry Products in Michigan?

The Ferrous Metal Foundry Products in Michigan includes manufacturing iron castings, manufacturing steel castings and manufacturing finished iron products. Related terms covered in the Ferrous Metal Foundry Products in Michigan industry report includes metal that contains iron, the process of pouring molten metal into a mold, permitting it to cool and removing it to produce a metal shape, the buildings and works for casting metals, iron with a high carbon content and relatively low tensile strength that is prone to fracture, iron that has been made more flexible by the addition of magnesium, a metal other than iron and steel and semiprocessed metal shapes that usually require further shaping, such as cold- and hot-working, cutting or milling, to produce a useful final product.

Industry Performance of the Ferrous Metal Foundry Products industry in Michigan

Benchmark the Ferrous Metal Foundry Products in Michigan industry performance with all MI county and national performance.

Ferrous Metal Foundry Products in Michigan

#5 in Highest Revenue 7.8% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Ferrous Metal Foundry Products in the US


Revenue (2024)
Annual Growth (2019-24)
Annual Growth (2024-29)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Ferrous Metal Foundry Products industry in Michigan

See how key industry drivers, such as are impacting Ferrous Metal Foundry Products in Michigan

Michigan Economic Indicators

Population
Net Migration

View more economic information in MI State Economic profile

US Key External Drivers

World price of iron ore
Industrial production index
New car sales

For the full list of industry drivers, see report purchase options.

County Data of the Ferrous Metal Foundry Products industry in Michigan

Access proprietary data on county in the Ferrous Metal Foundry Products in Michigan, such as Oakland County, Macomb County and Muskegon County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Ferrous Metal Foundry Products industry in Michigan

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Ferrous Metal Foundry Products industry in Michigan in 2025?

The market size of the Ferrous Metal Foundry Products industry in Michigan is $1.5bn in 2025.

How many businesses are there in the Ferrous Metal Foundry Products industry in Michigan in 2025?

There are 40 businesses in the Ferrous Metal Foundry Products industry in Michigan, which has been declining at an average annual rate of -3.6% from 2020 to 2025.

Has the Ferrous Metal Foundry Products industry in Michigan grown or declined over the past 5 years?

The market size of the Ferrous Metal Foundry Products industry in Michigan has been growing at an average annual rate of 0.8% from 2020 to 2025.

How many employees in the Ferrous Metal Foundry Products industry in Michigan in 2025?

There are 4,532 employees in the Ferrous Metal Foundry Products industry in Michigan, which has been declining at an average annual rate of -2.8% from 2020 to 2025.