Market Overview:
The global aerospace forged parts market is estimated to be valued at US$ XX Mn in 2018 and is projected to register a CAGR of X.X% over the forecast period (2018-2030), reaching a value of US$XX Mn by 2030. The market is segmented on the basis of type, application and region. On the basis of type, the aluminum alloy parts segment is expected to account for a major share in terms of revenue in 2018. This can be attributed to its properties such as light weight, corrosion resistance and strength that make it suitable for use in aircraft components. However, titanium alloy parts are projected to register highest CAGR over the forecast period owing to its superior properties such as high tensile strength and low weight that make it suitable for use in critical aircraft components. In terms of application, engine segment dominates the global aerospace forged parts market with maximum revenue share contribution followed by aerostructure component segments respectively during 2018-2030 period .However , other applications are expected grow at higher CAGRs during forecast period due increasing demand from commercial & business jets , helicopters etc .Regionally North America accounts for largest Aerospace Forged Parts Market size followed by Europe while Asia Pacific Excluding Japan (APEJ) region registers highest growth rate during forecast years .
Product Definition:
Aerospace forged parts are high-quality, durable components that are used in a variety of aerospace applications. They are essential for ensuring the safety and performance of aircraft and other aerospace vehicles.
Aluminum Alloy Parts:
Aluminum alloys are extensively used in aerospace forged parts due to properties such as lightweight, high strength and corrosion resistance. The aluminum forging process is gaining importance over the steel forging process owing to the increasing use of aluminum alloys in aerospace components.
The global increase in air passenger traffic has led to an increased demand for new aircraft which has further propelled the growth of this market.
Titanium Alloy Parts:
Titanium alloys are widely used in aerospace forged parts due to properties such as high strength, lightweight, corrosion resistance and ductility. The material has a higher strength than most of the other metals; however, it is very lightweight. Titanium alloys have good mechanical properties at ambient temperatures but tend to get worse with increasing temperature.
Application Insights:
Aerostructure segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing use of forged parts in aircraft structures, such as landing gear doors, control surfaces, flaps and leading-and-trailing edge panels. Forged parts are strong enough to withstand high stress levels during flight but light enough not to affect aircraft performance.
The engine application segment was valued at USD 1,227.5 million in 2017 owing to growing use of forged titanium alloy pistons along with other critical engine components such as cylinder heads.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017 owing to the presence of a large number of key aircraft manufacturers in this region, including Boeing, Lockheed Martin Corporation and Airbus S.A. The aerospace industry is expected to witness significant growth due to increasing demand from commercial sectors such as passenger traffic and freight movement, which will propel forged parts demand over the forecast period.
Asia Pacific is projected to be one of the fastest-growing regions with a CAGR exceeding 5.0% during the forecast years on account of rapid industrialization coupled with rising investments by major players in this region for manufacturing high value-added products at low costs as compared to other regions. In addition, growing military expenditure by countries such as China and India are anticipated to drive regional market growth further.
Growth Factors:
- Increasing demand for lightweight and durable aircraft components
- Growing popularity of commercial air travel
- Rising number of aircraft deliveries worldwide
- Proliferation of advanced manufacturing technologies
- Stringent safety and quality standards in the aviation industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Aerospace Forged Parts Market Research Report
By Type
Aluminum Alloy Parts, Titanium Alloy Parts, Other
By Application
Engine, Aerostructure, Other
By Companies
Arconic, Eramet Group, Avic Heavy Machinery, VSMPO-AVISMA, Allegheny Technologies, Otto Fuchs KG, ATI Metals, Mettis Aerospace, Scot Forge, Aerospace Specification Metals, Inc., Steel& IndustrialForgingsLimited, Fountaintown Forge, Pacific Forge, Victoria Forgings, Doncasters Precision Forgings, Canton Drop Forge, CHW Forge, Precision Castparts Corp
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
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Aerospace Forged Parts Market Report Segments:
The global Aerospace Forged Parts market is segmented on the basis of:
Types
Aluminum Alloy Parts, Titanium Alloy Parts, Other
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
Engine, Aerostructure, Other
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:
- Arconic
- Eramet Group
- Avic Heavy Machinery
- VSMPO-AVISMA
- Allegheny Technologies
- Otto Fuchs KG
- ATI Metals
- Mettis Aerospace
- Scot Forge
- Aerospace Specification Metals, Inc.
- Steel& IndustrialForgingsLimited
- Fountaintown Forge
- Pacific Forge
- Victoria Forgings
- Doncasters Precision Forgings
- Canton Drop Forge
- CHW Forge
- Precision Castparts Corp
Highlights of The Aerospace Forged Parts 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:
- Aluminum Alloy Parts
- Titanium Alloy Parts
- Other
- By Application:
- Engine
- Aerostructure
- Other
- 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 Aerospace Forged Parts 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.
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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?
Aerospace forged parts are made from a variety of metals, alloys and plastics that have been heat-treated and then shaped into specific parts. Aerospace forged parts are often used in aircraft, spacecraft and other high-stress applications where precise tolerances and strength are required.
Some of the key players operating in the aerospace forged parts market are Arconic, Eramet Group, Avic Heavy Machinery, VSMPO-AVISMA, Allegheny Technologies, Otto Fuchs KG, ATI Metals, Mettis Aerospace, Scot Forge, Aerospace Specification Metals, Inc., Steel& IndustrialForgingsLimited, Fountaintown Forge, Pacific Forge, Victoria Forgings, Doncasters Precision Forgings, Canton Drop Forge, CHW Forge, Precision Castparts Corp.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aerospace Forged Parts Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Aerospace Forged Parts Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Aerospace Forged Parts Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Aerospace Forged Parts Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Aerospace Forged Parts Market Size & Forecast, 2020-2028 4.5.1 Aerospace Forged Parts Market Size and Y-o-Y Growth 4.5.2 Aerospace Forged Parts Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Aluminum Alloy Parts
5.2.2 Titanium Alloy Parts
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Engine
6.2.2 Aerostructure
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aerospace Forged Parts Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aerospace Forged Parts Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Aluminum Alloy Parts
9.6.2 Titanium Alloy Parts
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Engine
9.10.2 Aerostructure
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Aluminum Alloy Parts
10.6.2 Titanium Alloy Parts
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Engine
10.10.2 Aerostructure
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Aluminum Alloy Parts
11.6.2 Titanium Alloy Parts
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Engine
11.10.2 Aerostructure
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Aluminum Alloy Parts
12.6.2 Titanium Alloy Parts
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Engine
12.10.2 Aerostructure
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Aluminum Alloy Parts
13.6.2 Titanium Alloy Parts
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Engine
13.10.2 Aerostructure
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aerospace Forged Parts Market: Competitive Dashboard
14.2 Global Aerospace Forged Parts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arconic
14.3.2 Eramet Group
14.3.3 Avic Heavy Machinery
14.3.4 VSMPO-AVISMA
14.3.5 Allegheny Technologies
14.3.6 Otto Fuchs KG
14.3.7 ATI Metals
14.3.8 Mettis Aerospace
14.3.9 Scot Forge
14.3.10 Aerospace Specification Metals, Inc.
14.3.11 Steel& IndustrialForgingsLimited
14.3.12 Fountaintown Forge
14.3.13 Pacific Forge
14.3.14 Victoria Forgings
14.3.15 Doncasters Precision Forgings
14.3.16 Canton Drop Forge
14.3.17 CHW Forge
14.3.18 Precision Castparts Corp