Aerospace Cold Forgings - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Aerospace Cold Forgings Market is accounted for $3.20 million in 2017 and is expected to reach $6.29 million by 2026 growing at a CAGR of 7.8% during the forecast period. Growing technological advancements in aerospace industry, Increasing aircraft production and stringent regulations associated with the aerospace industry are some of the factors driving the market growth. However, lack of skilled labor and availability of composite materials possessing no-corrosive properties are restraining the market growth.
Cold forging is a manufacturing process used to warp materials into high-strength parts. Aerospace parts require better manufacturing accuracy and this is precisely what cold forging process offers. These parts require minimal to no finishing and offer high dimensional accuracy.
Based on platform, Fixed Wing segment has witnessed the significant market growth due to the development of military and commercial aviation industry along with growing demand for cost efficient aircraft. By, geography, North America holds the largest market share during the forecast period due to ushering aerospace industry leading to a grow in the production of aircrafts. Moreover, increasing expenses on defense are driving the market growth in this region.
Some of the key players profiled in the Aerospace Cold Forgings Market include Arconic, Eramet Group , Scot Forge, Bharat Forge, Precision Castparts Corp, Vsmpo-Avisma and Shaanxi Hongyuan Aviation Forging Co Ltd .
• Rotary Wing
• Fixed Wing
Product Types Covered:
• Captive Forging
• Catalog Forging
• Custom Forging
• Landing Gear
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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