Market Overview:
The global aerofoil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for aerofoils in the aerospace, defence, energy, marine and oil & gas industries. In terms of type, titanium alloy is expected to be the fastest-growing segment during the forecast period owing to its high strength-to-weight ratio and corrosion resistance properties. In terms of application, aerospace is expected to be the fastest-growing segment during the forecast period owing to increasing demand for commercial and military aircrafts.
Product Definition:
Aerofoil is a thin plate or foil used to produce lift or drag on an object in air. It is used in aircraft wings and propellers.
Titanium Alloy:
Titanium alloys are materials consisting of titanium and various other metals. The most commonly used ones are titanium dioxide (TiO2) and anatase ( TiO3). Other important alloys include titanium nitride, iron oxide, magnesium oxide, silicon carbide, zirconia aluminae etc. Titanium is a very strong metal; however it is lightweight as compared to some other strong metals such as tungsten or steel.
Stainless Steel:
Stainless steel is a type of steel that has been alloyed with chromium and nickel. The product finds major application in the construction industry owing to its high corrosion resistance properties. It is also used in the manufacturing of aerofoils, which are further used for producing heat exchangers, gas ducts, airframes and blades for helicopters among other applications.
The global stainless steel market size was valued at USD 23 billion in 2016.
Application Insights:
Aerospace was the largest application segment in 2017 and is projected to continue its dominance over the forecast period. The increasing need for fuel-efficient aircraft that can travel long distances on a single tank of fuel is expected to drive demand for aerofoils from this sector.
The use of titanium-alloy aerofoils in aerospace applications has resulted in considerable weight reduction, which has led to significant gains in terms of efficiency and speed. These advantages have encouraged several manufacturers across the worldto incorporate these products into their offerings, thereby driving growth over the coming years.
In addition, growing concerns regarding airport congestion due to an increasein number of air travelers are likely to encourage governments aroundthe worldto take up measures aimed at encouraging industry participants such as Airbus SEand Boeing Co.,Ltd.
Regional Analysis:
North America dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The U.S., being a developed economy, has higher per capita income and consumer spending power, which enables it to purchase advanced products with greater efficiency.
Asia Pacific is anticipated to witness significant gains at a CAGR of XX% from 2018 to 2030 owing to increasing passenger traffic on low fare tickets as well as rapid economic development in emerging countries such as India and China along with other Southeast Asian nations.
Growth Factors:
- Increasing demand for Aerofoil in the aviation industry as it helps in reducing drag and increasing fuel efficiency.
- Growing number of aircraft deliveries across the globe is expected to boost the demand for Aerofoil market over the forecast period.
- Rising adoption of advanced technologies such as 3D printing is anticipated to propel the growth of Aerofoil market in near future.
- Increasing investments by key players for R&D activities is likely to create new opportunities for Aerofoil market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aerofoil Market Research Report
By Type
Titanium Alloy, Stainless Steel, Others
By Application
Aerospace, Defence, Energy, Marine, Oil & Gas, Others
By Companies
PCC Airfoils, Inc, Jarvis Airfoil, Inc, Airfoil Technologies, Xi'an Airfoil Technology, Safran, Pietro Rosa TBM, Wuxi Turbine Blade Co., Ltd. (WTB), Gast, Changzhou Sanwei Technology Complete Equipment Co., Ltd., Turbocam, Triveni Turbines, Sandwik
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Aerofoil Market Report Segments:
The global Aerofoil market is segmented on the basis of:
Types
Titanium Alloy, Stainless Steel, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Defence, Energy, Marine, Oil & Gas, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PCC Airfoils, Inc
- Jarvis Airfoil, Inc
- Airfoil Technologies
- Xi'an Airfoil Technology
- Safran
- Pietro Rosa TBM
- Wuxi Turbine Blade Co., Ltd. (WTB)
- Gast
- Changzhou Sanwei Technology Complete Equipment Co., Ltd.
- Turbocam
- Triveni Turbines
- Sandwik
Highlights of The Aerofoil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Titanium Alloy
- Stainless Steel
- Others
- By Application:
- Aerospace
- Defence
- Energy
- Marine
- Oil & Gas
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aerofoil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aerofoil is a type of aircraft wing that uses an airfoil shape to create lift. Aerofoils are often more efficient than other types of wings at generating lift, making them popular on high-performance aircraft.
Some of the major players in the aerofoil market are PCC Airfoils, Inc, Jarvis Airfoil, Inc, Airfoil Technologies, Xi'an Airfoil Technology, Safran, Pietro Rosa TBM, Wuxi Turbine Blade Co., Ltd. (WTB), Gast, Changzhou Sanwei Technology Complete Equipment Co., Ltd., Turbocam, Triveni Turbines, Sandwik.
The aerofoil market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aerofoil Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Aerofoil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Aerofoil Market - Supply Chain
4.5. Global Aerofoil Market Forecast
4.5.1. Aerofoil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aerofoil Market Size (000 Units) and Y-o-Y Growth
4.5.3. Aerofoil Market Absolute $ Opportunity
5. Global Aerofoil Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Aerofoil Market Size and Volume Forecast by Type
5.3.1. Titanium Alloy
5.3.2. Stainless Steel
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Aerofoil Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Aerofoil Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Defence
6.3.3. Energy
6.3.4. Marine
6.3.5. Oil & Gas
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Aerofoil Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Aerofoil Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Aerofoil Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Aerofoil Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Aerofoil Demand Share Forecast, 2019-2026
9. North America Aerofoil Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Aerofoil Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Aerofoil Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Defence
9.4.3. Energy
9.4.4. Marine
9.4.5. Oil & Gas
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Aerofoil Market Size and Volume Forecast by Type
9.7.1. Titanium Alloy
9.7.2. Stainless Steel
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Aerofoil Demand Share Forecast, 2019-2026
10. Latin America Aerofoil Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Aerofoil Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Aerofoil Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Defence
10.4.3. Energy
10.4.4. Marine
10.4.5. Oil & Gas
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Aerofoil Market Size and Volume Forecast by Type
10.7.1. Titanium Alloy
10.7.2. Stainless Steel
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Aerofoil Demand Share Forecast, 2019-2026
11. Europe Aerofoil Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Aerofoil Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Aerofoil Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Defence
11.4.3. Energy
11.4.4. Marine
11.4.5. Oil & Gas
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Aerofoil Market Size and Volume Forecast by Type
11.7.1. Titanium Alloy
11.7.2. Stainless Steel
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Aerofoil Demand Share, 2019-2026
12. Asia Pacific Aerofoil Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Aerofoil Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Aerofoil Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Defence
12.4.3. Energy
12.4.4. Marine
12.4.5. Oil & Gas
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Aerofoil Market Size and Volume Forecast by Type
12.7.1. Titanium Alloy
12.7.2. Stainless Steel
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Aerofoil Demand Share, 2019-2026
13. Middle East & Africa Aerofoil Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Aerofoil Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Aerofoil Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Defence
13.4.3. Energy
13.4.4. Marine
13.4.5. Oil & Gas
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Aerofoil Market Size and Volume Forecast by Type
13.7.1. Titanium Alloy
13.7.2. Stainless Steel
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Aerofoil Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Aerofoil Market: Market Share Analysis
14.2. Aerofoil Distributors and Customers
14.3. Aerofoil Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. PCC Airfoils, Inc
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Jarvis Airfoil, Inc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Airfoil Technologies
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Xi'an Airfoil Technology
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Safran
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Pietro Rosa TBM
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wuxi Turbine Blade Co., Ltd. (WTB)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Gast
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Changzhou Sanwei Technology Complete Equipment Co., Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Turbocam
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Triveni Turbines
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sandwik
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook