Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Aerofoil Market by Type (Titanium Alloy, Stainless Steel, Others), By Application (Aerospace, Defence, Energy, Marine, Oil & Gas, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Aerofoil Market by Type (Titanium Alloy, Stainless Steel, Others), By Application (Aerospace, Defence, Energy, Marine, Oil & Gas, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 155177 3300 Machinery & Equipment 377 231 Pages 5 (32)
                                          

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.


Global Aerofoil Industry Outlook


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:

  1. PCC Airfoils, Inc
  2. Jarvis Airfoil, Inc
  3. Airfoil Technologies
  4. Xi'an Airfoil Technology
  5. Safran
  6. Pietro Rosa TBM
  7. Wuxi Turbine Blade Co., Ltd. (WTB)
  8. Gast
  9. Changzhou Sanwei Technology Complete Equipment Co., Ltd.
  10. Turbocam
  11. Triveni Turbines
  12. Sandwik

Global Aerofoil Market Overview


Highlights of The Aerofoil Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Titanium Alloy
    2. Stainless Steel
    3. Others
  1. By Application:

    1. Aerospace
    2. Defence
    3. Energy
    4. Marine
    5. Oil & Gas
    6. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Aerofoil Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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