Aircraft Engine Forging Market
PUBLISHED: 2021 ID: SMRC20942
SHARE
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)
4.1 (16 reviews)
Published: 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

Table of Contents

1 Executive Summary        
         
2 Preface        

 2.1 Abstract       
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology       
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions      
         
3 Market Trend Analysis        
 3.1 Introduction       
 3.2 Drivers       
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats       
 3.6 Application Analysis       
 3.7 Emerging Markets       
 3.8 Impact of Covid-19       
         
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry       
         
5 Global Aircraft Engine Forging Market, By Material Type        
 5.1 Introduction       
 5.2 Titanium Alloys       
 5.3 Nickel Alloys       
         
6 Global Aircraft Engine Forging Market, By Forging Type        
 6.1 Introduction       
 6.2 Seamless Rolled Ring Forging       
 6.3 Closed Die Forging       
  6.3.1 Conventional Closed Die Forging      
  6.3.2 Small Closed Die Forging      
  6.3.3 Isothermal Closed Die Forging      
 6.4 Open Die Forging       
         
7 Global Aircraft Engine Forging Market, By Application        
 7.1 Introduction       
 7.2 Turbine Disc       
 7.3 Fan Case       
 7.4 Rotor       
 7.5 Combustion Chamber Outer Case       
         
8 Global Aircraft Engine Forging Market, By Geography        
 8.1 Introduction       
 8.2 North America       
  8.2.1 US      
  8.2.2 Canada      
  8.2.3 Mexico      
 8.3 Europe       
  8.3.1 Germany      
  8.3.2 UK      
  8.3.3 Italy      
  8.3.4 France      
  8.3.5 Spain      
  8.3.6 Rest of Europe      
 8.4 Asia Pacific       
  8.4.1 Japan      
  8.4.2 China      
  8.4.3 India      
  8.4.4 Australia      
  8.4.5 New Zealand      
  8.4.6 South Korea      
  8.4.7 Rest of Asia Pacific      
 8.5 South America       
  8.5.1 Argentina      
  8.5.2 Brazil      
  8.5.3 Chile      
  8.5.4 Rest of South America      
 8.6 Middle East & Africa       
  8.6.1 Saudi Arabia      
  8.6.2 UAE      
  8.6.3 Qatar      
  8.6.4 South Africa      
  8.6.5 Rest of Middle East & Africa      
         
9 Key Developments        
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 9.2 Acquisitions & Mergers       
 9.3 New Product Launch       
 9.4 Expansions       
 9.5 Other Key Strategies       
         
10 Company Profiling        
 10.1 Precision Castparts Corporation       
 10.2 Doncasters Group Ltd.       
 10.3 OTTO FUCHS KG        
 10.4 Allegheny Technologies Incorporated       
 10.5 All Metals & Forge Group       
 10.6 Safran S.A.       
 10.7 Farinia Group       
 10.8 VSMPO-AVISMA Corporation       
 10.9 LISI Group       
 10.10 Pacific Forge Incorporated       


List of Tables         
1 Global Aircraft Engine Forging Market Outlook, By Region (2019-2028) ($MN)        
2 Global Aircraft Engine Forging Market Outlook, By Material Type (2019-2028) ($MN)        
3 Global Aircraft Engine Forging Market Outlook, By Titanium Alloys (2019-2028) ($MN)        
4 Global Aircraft Engine Forging Market Outlook, By Nickel Alloys (2019-2028) ($MN)        
5 Global Aircraft Engine Forging Market Outlook, By Forging Type (2019-2028) ($MN)        
6 Global Aircraft Engine Forging Market Outlook, By Seamless Rolled Ring Forging (2019-2028) ($MN)        
7 Global Aircraft Engine Forging Market Outlook, By Closed Die Forging (2019-2028) ($MN)        
8 Global Aircraft Engine Forging Market Outlook, By Conventional Closed Die Forging (2019-2028) ($MN)        
9 Global Aircraft Engine Forging Market Outlook, By Small Closed Die Forging (2019-2028) ($MN)        
10 Global Aircraft Engine Forging Market Outlook, By Isothermal Closed Die Forging (2019-2028) ($MN)        
11 Global Aircraft Engine Forging Market Outlook, By Open Die Forging (2019-2028) ($MN)        
12 Global Aircraft Engine Forging Market Outlook, By Application (2019-2028) ($MN)        
13 Global Aircraft Engine Forging Market Outlook, By Turbine Disc (2019-2028) ($MN)        
14 Global Aircraft Engine Forging Market Outlook, By Fan Case (2019-2028) ($MN)        
15 Global Aircraft Engine Forging Market Outlook, By Rotor (2019-2028) ($MN)        
16 Global Aircraft Engine Forging Market Outlook, By Combustion Chamber Outer Case (2019-2028) ($MN)        
17 North America Aircraft Engine Forging Market Outlook, By Country (2019-2028) ($MN)        
18 North America Aircraft Engine Forging Market Outlook, By Material Type (2019-2028) ($MN)        
19 North America Aircraft Engine Forging Market Outlook, By Titanium Alloys (2019-2028) ($MN)        
20 North America Aircraft Engine Forging Market Outlook, By Nickel Alloys (2019-2028) ($MN)        
21 North America Aircraft Engine Forging Market Outlook, By Forging Type (2019-2028) ($MN)        
22 North America Aircraft Engine Forging Market Outlook, By Seamless Rolled Ring Forging (2019-2028) ($MN)        
23 North America Aircraft Engine Forging Market Outlook, By Closed Die Forging (2019-2028) ($MN)         
24 North America Aircraft Engine Forging Market Outlook, By Conventional Closed Die Forging (2019-2028) ($MN)        
25 North America Aircraft Engine Forging Market Outlook, By Small Closed Die Forging (2019-2028) ($MN)        
26 North America Aircraft Engine Forging Market Outlook, By Isothermal Closed Die Forging (2019-2028) ($MN)        
27 North America Aircraft Engine Forging Market Outlook, By Open Die Forging (2019-2028) ($MN)        
28 North America Aircraft Engine Forging Market Outlook, By Application (2019-2028) ($MN)        
29 North America Aircraft Engine Forging Market Outlook, By Turbine Disc (2019-2028) ($MN)        
30 North America Aircraft Engine Forging Market Outlook, By Fan Case (2019-2028) ($MN)        
31 North America Aircraft Engine Forging Market Outlook, By Rotor (2019-2028) ($MN)        
32 North America Aircraft Engine Forging Market Outlook, By Combustion Chamber Outer Case (2019-2028) ($MN)        
33 Europe Aircraft Engine Forging Market Outlook, By Country (2019-2028) ($MN)        
34 Europe Aircraft Engine Forging Market Outlook, By Material Type (2019-2028) ($MN)        
35 Europe Aircraft Engine Forging Market Outlook, By Titanium Alloys (2019-2028) ($MN)        
36 Europe Aircraft Engine Forging Market Outlook, By Nickel Alloys (2019-2028) ($MN)        
37 Europe Aircraft Engine Forging Market Outlook, By Forging Type (2019-2028) ($MN)        
38 Europe Aircraft Engine Forging Market Outlook, By Seamless Rolled Ring Forging (2019-2028) ($MN)         
39 Europe Aircraft Engine Forging Market Outlook, By Closed Die Forging (2019-2028) ($MN)        
40 Europe Aircraft Engine Forging Market Outlook, By Conventional Closed Die Forging (2019-2028) ($MN)        
41 Europe Aircraft Engine Forging Market Outlook, By Small Closed Die Forging (2019-2028) ($MN)        
42 Europe Aircraft Engine Forging Market Outlook, By Isothermal Closed Die Forging (2019-2028) ($MN)        
43 Europe Aircraft Engine Forging Market Outlook, By Open Die Forging (2019-2028) ($MN)        
44 Europe Aircraft Engine Forging Market Outlook, By Application (2019-2028) ($MN)        
45 Europe Aircraft Engine Forging Market Outlook, By Turbine Disc (2019-2028) ($MN)        
46 Europe Aircraft Engine Forging Market Outlook, By Fan Case (2019-2028) ($MN)        
47 Europe Aircraft Engine Forging Market Outlook, By Rotor (2019-2028) ($MN)        
48 Europe Aircraft Engine Forging Market Outlook, By Combustion Chamber Outer Case (2019-2028) ($MN)        
49 Asia Pacific Aircraft Engine Forging Market Outlook, By Country (2019-2028) ($MN)        
50 Asia Pacific Aircraft Engine Forging Market Outlook, By Material Type (2019-2028) ($MN)        
51 Asia Pacific Aircraft Engine Forging Market Outlook, By Titanium Alloys (2019-2028) ($MN)        
52 Asia Pacific Aircraft Engine Forging Market Outlook, By Nickel Alloys (2019-2028) ($MN)        
53 Asia Pacific Aircraft Engine Forging Market Outlook, By Forging Type (2019-2028) ($MN)        
54 Asia Pacific Aircraft Engine Forging Market Outlook, By Seamless Rolled Ring Forging (2019-2028) ($MN)        
55 Asia Pacific Aircraft Engine Forging Market Outlook, By Closed Die Forging (2019-2028) ($MN)        
56 Asia Pacific Aircraft Engine Forging Market Outlook, By Conventional Closed Die Forging (2019-2028) ($MN)        
57 Asia Pacific Aircraft Engine Forging Market Outlook, By Small Closed Die Forging (2019-2028) ($MN)        
58 Asia Pacific Aircraft Engine Forging Market Outlook, By Isothermal Closed Die Forging (2019-2028) ($MN)         
59 Asia Pacific Aircraft Engine Forging Market Outlook, By Open Die Forging (2019-2028) ($MN)        
60 Asia Pacific Aircraft Engine Forging Market Outlook, By Application (2019-2028) ($MN)        
61 Asia Pacific Aircraft Engine Forging Market Outlook, By Turbine Disc (2019-2028) ($MN)        
62 Asia Pacific Aircraft Engine Forging Market Outlook, By Fan Case (2019-2028) ($MN)        
63 Asia Pacific Aircraft Engine Forging Market Outlook, By Rotor (2019-2028) ($MN)        
64 Asia Pacific Aircraft Engine Forging Market Outlook, By Combustion Chamber Outer Case (2019-2028) ($MN)        
65 South America Aircraft Engine Forging Market Outlook, By Country (2019-2028) ($MN)        
66 South America Aircraft Engine Forging Market Outlook, By Material Type (2019-2028) ($MN)        
67 South America Aircraft Engine Forging Market Outlook, By Titanium Alloys (2019-2028) ($MN)        
68 South America Aircraft Engine Forging Market Outlook, By Nickel Alloys (2019-2028) ($MN)        
69 South America Aircraft Engine Forging Market Outlook, By Forging Type (2019-2028) ($MN)        
70 South America Aircraft Engine Forging Market Outlook, By Seamless Rolled Ring Forging (2019-2028) ($MN)        
71 South America Aircraft Engine Forging Market Outlook, By Closed Die Forging (2019-2028) ($MN)        
72 South America Aircraft Engine Forging Market Outlook, By Conventional Closed Die Forging (2019-2028) ($MN)        
73 South America Aircraft Engine Forging Market Outlook, By Small Closed Die Forging (2019-2028) ($MN)        
74 South America Aircraft Engine Forging Market Outlook, By Isothermal Closed Die Forging (2019-2028) ($MN)        
75 South America Aircraft Engine Forging Market Outlook, By Open Die Forging (2019-2028) ($MN)        
76 South America Aircraft Engine Forging Market Outlook, By Application (2019-2028) ($MN)        
77 South America Aircraft Engine Forging Market Outlook, By Turbine Disc (2019-2028) ($MN)        
78 South America Aircraft Engine Forging Market Outlook, By Fan Case (2019-2028) ($MN)        
79 South America Aircraft Engine Forging Market Outlook, By Rotor (2019-2028) ($MN)        
80 South America Aircraft Engine Forging Market Outlook, By Combustion Chamber Outer Case (2019-2028) ($MN)        
81 Middle East & Africa Aircraft Engine Forging Market Outlook, By Country (2019-2028) ($MN)        
82 Middle East & Africa Aircraft Engine Forging Market Outlook, By Material Type (2019-2028) ($MN)        
83 Middle East & Africa Aircraft Engine Forging Market Outlook, By Titanium Alloys (2019-2028) ($MN)        
84 Middle East & Africa Aircraft Engine Forging Market Outlook, By Nickel Alloys (2019-2028) ($MN)        
85 Middle East & Africa Aircraft Engine Forging Market Outlook, By Forging Type (2019-2028) ($MN)         
86 Middle East & Africa Aircraft Engine Forging Market Outlook, By Seamless Rolled Ring Forging (2019-2028) ($MN)        
87 Middle East & Africa Aircraft Engine Forging Market Outlook, By Closed Die Forging (2019-2028) ($MN)        
88 Middle East & Africa Aircraft Engine Forging Market Outlook, By Conventional Closed Die Forging (2019-2028) ($MN)        
89 Middle East & Africa Aircraft Engine Forging Market Outlook, By Small Closed Die Forging (2019-2028) ($MN)        
90 Middle East & Africa Aircraft Engine Forging Market Outlook, By Isothermal Closed Die Forging (2019-2028) ($MN)        
91 Middle East & Africa Aircraft Engine Forging Market Outlook, By Open Die Forging (2019-2028) ($MN)        
92 Middle East & Africa Aircraft Engine Forging Market Outlook, By Application (2019-2028) ($MN)        
93 Middle East & Africa Aircraft Engine Forging Market Outlook, By Turbine Disc (2019-2028) ($MN)        
94 Middle East & Africa Aircraft Engine Forging Market Outlook, By Fan Case (2019-2028) ($MN)        
95 Middle East & Africa Aircraft Engine Forging Market Outlook, By Rotor (2019-2028) ($MN)        
96 Middle East & Africa Aircraft Engine Forging Market Outlook, By Combustion Chamber Outer Case (2019-2028) ($MN)        

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

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