Aerospace Forging Market Size, Share, Industry Demand, Rising Trends and Competitive Outlook
Global Aerospace Forging Market was valued at USD 32.54 billion in 2021 and is expected to reach USD 59.51 billion by 2029, registering a CAGR of 7.61% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Aerospace forging is basically a manufacturing process that involves shaping metal using localized compressive forces. Alloys are blended with various components in the form of powder during the forging process. The pieces are then cut together to form a solid part. This method produces long-lasting and lightweight components for use in aircraft.
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Some of the major players operating in the aerospace forging market are
- Arconic (U.S.)
- ATI (Canada)
- Bharat Forge (India)
- ELLWOOD Group Inc (U.S.)
- JIANGYIN HENGRUN HEAVY INDUSTRIES CO., LTD (China)
- Precision Castparts Corp (U.S.)
- LARSEN & TOUBRO LIMITED (India)
- Scot Forge Company (U.S.)
- Pacific Forge Incorporated (U.S.)
- Somers Forge (U.K.)
- Eramet (France)
- VSMPO-AVISMA Corporation (Russia)
- ALL METALS & FORGE GROUP (U.S.)
- Consolidated Industries, Inc (U.S.)
- Farinia (U.S.)
- Mettis Group (U.S.)
Scope of the Aerospace Forging Market Report:
The aerospace forging market is segmented on the basis of material type, aircraft type, application, product type and product type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material Type
- Titanium
- Stainless Steel
- Aluminum Alloy
- Others
Aircraft Type
- Fixed Wing
- Rotary Wing
Application
- Rotors
- Turbine Disc
- Shafts
- Fan Case
- Others
Product Type
- Closed Die
- Open Die
- Rolled Rings
End-Use
- Commercial
- Military
- Others
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Aerospace Forging Market Regional Analysis/Insights
The Aerospace Forging market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Aerospace Forging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Aerospace Forging within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Aerospace Forging market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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