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Dr. Heinz-Jürgen Büchner

Dr. Heinz-Jürgen Büchner

Director Industrials & Automotive, IKB Deutsche Industriebank AG

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Market Analysis Casting Production 2025: Will the Recovery be Sustainable?

Author / Editor: Dr. Heinz-Jürgen Büchner / Nicole Kareta

After the Corona pandemic shook the global economy, the metal industry is trying to recover. But can European foundries keep up with the strong competition from China and the USA? This article is a forecast on the development of the foundry industry up to 2025.

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The decline in global car and commercial vehicle production is, however, weighing on global castings production in the current year.
The decline in global car and commercial vehicle production is, however, weighing on global castings production in the current year.
(Source: gemeinfrei / Pixabay )

Please note: This article was created in December 2020. For this reason, some assumptions and forecasts may already lie in the past.

The year 2020 will see the sharpest decline in global economic output to date since the end of the Second World War. Whereas the original outlook for 2020 had anticipated a reasonably normal increase in world trade and global gross domestic product (GDP), the outbreak of the COVID-19 pandemic in China at the beginning of the year had the opposite effect.