SHARE
Aircraft Engine Forging Market

Aircraft Engine Forging Market Forecasts to 2028 – Global Analysis By Material Type (Titanium Alloys, Nickel Alloys), Application (Turbine Disc, Fan Case, Rotor, Combustion Chamber Outer Case), and By Geography

4.1 (16 reviews)
Published: September 2021 ID: SMRC20942
4.1 (16 reviews)
Published: September 2021 ID: SMRC20942

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Aircraft Engine Forging Market is accounted for $3,805.52 million in 2020 and is expected to reach $7,638.56 million by 2028 growing at a CAGR of 9.1% during the forecast period. The higher production capacities of aircraft with a continuous rise in air traffic, innovation through advanced materials, and huge demand for air travel in terms of both militaries as well as commercial aircraft are driving the market growth. However, cyclic changes occurring near commercial aircraft may hamper the market growth.

Aircraft engine forging is the manufacturing process that involves the shaping of metal with the use of localized compressive forces. The procedure of forging aerospace components consists of metalworking and machining techniques such as broaching, hot forging, sawing, drilling, threading, grinding, brazing, and welding. The diverse processes are used for the fabrication of an aircraft engine that includes heat treating, electroplating, isothermal, metal finishing, and others. Around 15,000-18,000 forged components and parts are used within a single airplane. The forged products augment the efficiency of the engines, landing gears, aerostructures, and ultimately, the entire aircraft.

Based on the forging type, closed die forging segment is going to have lucrative growth during the forecast period, as it is suitable for small critical parts with safety consideration due to its high precision. The closed die forgings are used for the production of small products such as forged fittings, forged automotive parts, forged lifting & rigging hardware, and other. Automotive, oilfield, aerospace, mining, and forestry & agriculture are some of the industries which uses this forging technique heavily.

By geography, North America region is expected to have considerable market growth during the forecast period, owing to the rise in passenger traffic in the North American countries and the availability of well-established aircraft manufacturers, huge capital, and high profitability margin of aerospace has contributed towards the growth of the entire aviation industry.

Some of the key players in Aircraft Engine Forging Market include Precision Castparts Corporation, Doncasters Group Ltd., OTTO FUCHS KG, Allegheny Technologies Incorporated, All Metals & Forge Group, Safran S.A., Farinia Group, VSMPO-AVISMA Corporation, LISI Group, and Pacific Forge Incorporated.

Material Types Covered:
• Titanium Alloys
• Nickel Alloys

Forging Types Covered:
• Seamless Rolled Ring Forging
• Closed Die Forging
• Open Die Forging

Applications Covered:
• Turbine Disc
• Fan Case
• Rotor
• Combustion Chamber Outer Case

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Select License Type

Allows one person to have access to the ordered product.The ordered product cannot be distributed to anyone else.
Allows the ordered product to be shared among a maximum of 5 people within your organisation.
Allows the product to be shared among all employees of your organisation at one particular location.
Allows the product to be shared among all employees of your organisation regardless of their geographical location.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials