Aerospace Cold Forgings Market - By Platform (Rotary Wing {Helicopters}, Fixed Wing {Narrow body, Widebody, Regional Jets, Fighter Jets}), By Application (Airframe, Nacelle, Landing Gear) & Forecast, 2021-2027
Published on: 2024-07-07 | No of Pages : 240 | Industry : Aerospace
Publisher : MRA | Format : PDF&Excel
Aerospace Cold Forgings Market - By Platform (Rotary Wing {Helicopters}, Fixed Wing {Narrow body, Widebody, Regional Jets, Fighter Jets}), By Application (Airframe, Nacelle, Landing Gear) & Forecast, 2021-2027
Aerospace Cold Forgings Market - By Platform (Rotary Wing {Helicopters}, Fixed Wing {Narrow body, Widebody, Regional Jets, Fighter Jets}), By Application (Airframe, Nacelle, Landing Gear) & Forecast, 2021-2027
Aerospace Cold Forgings Market Size
Aerospace Cold Forgings Market Size was valued at over USD 2.5 million in 2020 and is anticipated to grow at a CAGR of more than 8.3% from 2021 to 2027.
The rising need for a high strength-to-weight ratio and robust aircraft structural dependability are some of the factors driving the market growth during the forecast timeline.
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Increasing preference of aircraft manufacturers to utilize aerospace components offering close dimensional tolerances and high surface finish is propelling the aerospace cold forgings market expansion during the forecast timeframe. Surging utilization of cost-efficient materials to obtain high-strength cold-forged products will escalate the market value. Additionally, the elimination of heat treatment processes including hardening & tempering will positively impact the production cycle time, further enhancing operational efficiency. The increasing need to reduce aircraft emission levels and to enhance fuel-efficiency will further foster the industry growth.
On the other hand, the growing usage of composite materials in aircraft manufacturing is posing threats to the industry. Moreover, the market has been devasted by the outbreak of COVID-19 disease. With the downfall in the passenger air traffic and halted freight operations, the demand for new aircraft took a dip, resulting in the reduced consumption of cold forging products. However, a year after the crisis brought the industry to a halt, the demand is expected to showcase signs of recovery and the market will gain substantial momentum in the coming years.
| Report Attribute | Details |
|---|---|
| Base Year | 2020 |
| Aerospace Cold Forgings Market Size in 2020 | 2.59 Million (USD) |
| Forecast Period | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR | 8.3% |
| 2027 Value Projection | 4.98 Million (USD) |
| Historical Data for | 2017 to 2020 |
| No. of Pages | 220 |
| Tables, Charts & Figures | 210 |
| Segments covered | Platform, Application |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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Aerospace Cold Forgings Market Analysis
The fixed-wing platform segment will account for 80% of the aerospace cold forgings market share by 2027. The introduction of new air travel destinations coupled with increasing air connectivity routes will significantly escalate the demand for fixed-wing aircraft. The cost-efficiency and high strength of cold-forged aircraft components along with their surging usage in the structure will prominently contribute toward improved service life and durability.
The increasing deployment of helicopters for aerial rescue missions and law enforcement is providing potential opportunities for the industry expansion. The growing penetration of advanced helicopters coupled with the surging orders & sales will fuel the industry value.
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The landing gear segment in the aerospace cold forgings market exceeded USD 1 million in 2020 led by the surging aircraft production and increased air carrier deliveries. Cold forged landing gears offering high stiffness, fatigue resistance, and toughness provide positive growth prospects for the segment during the forecast timeline. The major structural component of landing gear consists of brace, strut, truck beam, link, and trunnion, which are mostly manufactured by the forging process.
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Europe aerospace cold forgings market will generate a demand for over 600 kilo tons by 2027 due to the development of advanced manufacturing technologies in the region. The European aircraft manufacturing industry is supported by numerous investors, such as Aviation Capital Ventures PLC, that invest in the R&D and expansion of the business. The EASA supports the commercial aircraft industry demand with a provision of funding for R&D to strengthen & maintain the global technological leadership. Constant capital flows and strong financial support are enhancing the aircraft industry, influencing the market revenue.
Middle East & Africa market will witness around 7% growth rate through 2027 impelled by the increasing aircraft deliveries along with growing preference for low-cost carriers. Robust economic growth coupled with rising disposable income is accelerating the air traffic. The growing demand for the incorporation of composite-structured aircraft is boosting the industry progression.
Aerospace Cold Forgings Market Share
Prominent companies functioning in the aerospace cold forgings market are
- Precision Castparts Corp.
- Eramet
- Scot Forge
- ATI Metal
- Bharat Forge
- VSMPO-AVISMA Corporation
- Arconic
- Shaanxi Hongyuan Aviation Forging Co., Ltd.
These major market participants are involved in several strategic initiatives to gain a competitive edge over other manufacturers and to improve business profitability. Key initiatives include mergers, acquisitions, product launches, partnerships, geographical expansion, production capacity expansion, and others
The Aerospace Cold Forgings Market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in kilo tons and revenue in terms of USD Thousand from 2017 to 2027 for the following segments
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Market, by Platform
- Fixed Wing
- Narrow-body
- Regional Jets
- Widebody
- Fighter Jets
- Rotary Wing
- Helicopters
Market, by Application
- Airframe
- Landing Gear
- Nacelle
The above information is provided on a regional and country basis for the following
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Netherlands
- Russia
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Chile
- Colombia
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Israel
- Iran
Table of Content
Report Content
Chapter 1 Methodology and Scope
1.1 Methodology
1.2 Market definition
1.3 Market estimation & forecast parameters
1.3.1 Base estimation & working
1.3.1.1 North America
1.3.1.2 Europe
1.3.1.3 APAC
1.3.1.4 LATAM
1.3.1.5 MEA
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Unpaid
Chapter 2 Executive Summary
2.1 Aerospace cold forging industry 360° synopsis, 2017 – 2027
2.1.1 Business trends
2.1.2 Platform trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Aerospace Cold Forging Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2017 – 2027
3.2.1 Covid-19 impact on Industry size
3.3 Industry ecosystem analysis
3.3.1 Component suppliers
3.3.2 Manufacturers
3.3.3 Profit margin trends
3.3.4 Distribution channel analysis
3.3.5 Vendor matrix
3.4 Pricing analysis
3.4.1 Regional pricing
3.4.1.1 North America
3.4.1.2 Europe
3.4.1.3 Asia Pacific
3.4.1.4 Latin America
3.4.1.5 Middle East & Africa
3.4.2 Cost structure analysis
3.5 Technology landscape
3.5.1 Micro cold forging
3.5.2 Automated cold forging
3.5.3 Efficient hydraulic cold forging
3.6 Regulatory landscape
3.6.1 North America
3.6.2 Europe
3.6.3 APAC
3.6.4 Latin America
3.6.5 Middle East & Africa
3.7 Industry impact forces
3.7.1 Growth drivers by region
3.7.1.1 North America
3.7.1.2 Europe
3.7.1.3 APAC
3.7.1.4 LATAM
3.7.1.5 MEA
3.7.2 Industry pitfalls & challenges
3.8 Innovation and sustainability
3.8.1 Precision cold forging
3.8.2 Advanced rapid prototyping technology
3.8.3 Sustainability
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 Product lifecycle analysis
3.12 Competitive landscape
3.12.1 Top players overview
3.12.2 Key stake holders
3.12.3 Strategy dashboard
3.13 PESTEL analysis
3.14 COVID-19 impact on application verticals
Chapter 4 Aerospace Cold Forging Market, By Platform
4.1 Global aerospace cold forging market platform insights
4.2 Fixed Wing
4.2.1 Market estimates and forecast, 2017 – 2027
4.2.2 Market estimates and forecast by region, 2017 – 2027
4.2.3 Narrow body
4.2.3.1 Market estimates and forecast, 2017 – 2027
4.2.3.2 Market estimates and forecast by region, 2017 – 2027
4.2.4 Widebody
4.2.4.1 Market estimates and forecast, 2017 – 2027
4.2.4.2 Market estimates and forecast by region, 2017 – 2027
4.2.5 Regional Jets
4.2.5.1 Market estimates and forecast, 2017 – 2027
4.2.5.2 Market estimates and forecast by region, 2017 – 2027
4.2.6 Fighter Jets
4.2.6.1 Market estimates and forecast, 2017 – 2027
4.2.6.2 Market estimates and forecast by region, 2017 – 2027
4.3 Rotary Wing
4.3.1 Market estimates and forecast, 2017 – 2027
4.3.2 Market estimates and forecast by region, 2017 – 2027
4.3.3 Helicopters
4.3.3.1 Market estimates and forecast, 2017 – 2027
4.3.3.2 Market estimates and forecast by region, 2017 – 2027
Chapter 5 Aerospace Cold Forging Market, By Application
5.1 Global aerospace cold forging market application insights
5.2 Airframe
5.2.1 Market estimates and forecast, 2017 – 2027
5.2.2 Market estimates and forecast by region, 2017 – 2027
5.3 Landing gear
5.3.1 Market estimates and forecast, 2017 – 2027
5.3.2 Market estimates and forecast by region, 2017 – 2027
5.4 Nacelle
5.4.1 Market estimates and forecast, 2017 – 2027
5.4.2 Market estimates and forecast by region, 2017 – 2027
Chapter 6 Aerospace Cold Forging Market, By Region
6.1 Global aerospace cold forging market region insights
6.2 North America
6.2.1 Market estimates and forecast, 2017 – 2027
6.2.2 Market estimates and forecast by platform, 2017 – 2027
6.2.3 Market estimates and forecast by application, 2017 – 2027
6.2.4 U.S.
6.2.4.1 Market estimates and forecast, 2017 – 2027
6.2.4.2 Market estimates and forecast by platform, 2017 – 2027
6.2.4.3 Market estimates and forecast by application, 2017 – 2027
6.2.5 Canada
6.2.5.1 Market estimates and forecast, 2017 – 2027
6.2.5.2 Market estimates and forecast by platform, 2017 – 2027
6.2.5.3 Market estimates and forecast by application, 2017 – 2027
6.3 Europe
6.3.1 Market estimates and forecast, 2017 – 2027
6.3.2 Market estimates and forecast by platform, 2017 – 2027
6.3.3 Market estimates and forecast by application, 2017 – 2027
6.3.4 Germany
6.3.4.1 Market estimates and forecast, 2017 – 2027
6.3.4.2 Market estimates and forecast by platform, 2017 – 2027
6.3.4.3 Market estimates and forecast by application, 2017 – 2027
6.3.5 UK
6.3.5.1 Market estimates and forecast, 2017 – 2027
6.3.5.2 Market estimates and forecast by platform, 2017 – 2027
6.3.5.3 Market estimates and forecast by application, 2017 – 2027
6.3.6 France
6.3.6.1 Market estimates and forecast, 2017 – 2027
6.3.6.2 Market estimates and forecast by platform, 2017 – 2027
6.3.6.3 Market estimates and forecast by application, 2017 – 2027
6.3.7 Italy
6.3.7.1 Market estimates and forecast, 2017 – 2027
6.3.7.2 Market estimates and forecast by platform, 2017 – 2027
6.3.7.3 Market estimates and forecast by application, 2017 – 2027
6.3.8 Spain
6.3.8.1 Market estimates and forecast, 2017 – 2027
6.3.8.2 Market estimates and forecast by platform, 2017 – 2027
6.3.8.3 Market estimates and forecast by application, 2017 – 2027
6.4 Asia Pacific
6.4.1 Market estimates and forecast, 2017 – 2027
6.4.2 Market estimates and forecast by platform, 2017 – 2027
6.4.3 Market estimates and forecast by application, 2017 – 2027
6.4.4 China
6.4.4.1 Market estimates and forecast, 2017 – 2027
6.4.4.2 Market estimates and forecast by platform, 2017 – 2027
6.4.4.3 Market estimates and forecast by application, 2017 – 2027
6.4.5 India
6.4.5.1 Market estimates and forecast, 2017 – 2027
6.4.5.2 Market estimates and forecast by platform, 2017 – 2027
6.4.5.3 Market estimates and forecast by application, 2017 – 2027
6.4.6 Japan
6.4.6.1 Market estimates and forecast, 2017 – 2027
6.4.6.2 Market estimates and forecast by platform, 2017 – 2027
6.4.6.3 Market estimates and forecast by application, 2017 – 2027
6.4.7 Thailand
6.4.7.1 Market estimates and forecast, 2017 – 2027
6.4.7.2 Market estimates and forecast by platform, 2017 – 2027
6.4.7.3 Market estimates and forecast by application, 2017 – 2027
6.4.8 Australia
6.4.8.1 Market estimates and forecast, 2017 – 2027
6.4.8.2 Market estimates and forecast by platform, 2017 – 2027
6.4.8.3 Market estimates and forecast by application, 2017 – 2027
6.5 Latin America (LATAM)
6.5.1 Market estimates and forecast, 2017 – 2027
6.5.2 Market estimates and forecast by platform, 2017 – 2027
6.5.3 Market estimates and forecast by application, 2017 – 2027
6.5.4 Brazil
6.5.4.1 Market estimates and forecast, 2017 – 2027
6.5.4.2 Market estimates and forecast by platform, 2017 – 2027
6.5.4.3 Market estimates and forecast by application, 2017 – 2027
6.5.5 Mexico
6.5.5.1 Market estimates and forecast, 2017 – 2027
6.5.5.2 Market estimates and forecast by platform, 2017 – 2027
6.5.5.3 Market estimates and forecast by application, 2017 – 2027
6.6 Middle East & Africa (MEA)
6.6.1 Market estimates and forecast, 2017 – 2027
6.6.2 Market estimates and forecast by platform, 2017 – 2027
6.6.3 Market estimates and forecast by application, 2017 – 2027
6.6.4 South Africa
6.6.4.1 Market estimates and forecast, 2017 – 2027
6.6.4.2 Market estimates and forecast by platform, 2017 – 2027
6.6.4.3 Market estimates and forecast by application, 2017 – 2027
6.6.5 Saudi Arabia
6.6.5.1 Market estimates and forecast, 2017 – 2027
6.6.5.2 Market estimates and forecast by platform, 2017 – 2027
6.6.5.3 Market estimates and forecast by application, 2017 – 2027
6.6.6 UAE
6.6.6.1 Market estimates and forecast, 2017 – 2027
6.6.6.2 Market estimates and forecast by platform, 2017 – 2027
6.6.6.3 Market estimates and forecast by application, 2017 – 2027
6.6.7 Kuwait
6.6.7.1 Market estimates and forecast, 2017 – 2027
6.6.7.2 Market estimates and forecast by platform, 2017 – 2027
6.6.7.3 Market estimates and forecast by application, 2017 – 2027
Chapter 7 Company Profiles
7.1 Precision Castparts Corp.
7.1.1 Business overview
7.1.2 Financial data
7.1.3 Structure landscape
7.1.4 SWOT analysis
7.1.5 Strategic outlook
7.2 Eramet
7.2.1 Business overview
7.2.2 Financial data
7.2.3 Structure landscape
7.2.4 SWOT analysis
7.2.5 Strategic outlook
7.3 Scot Forge
7.3.1 Business overview
7.3.2 Financial data
7.3.3 Structure landscape
7.3.4 SWOT analysis
7.3.5 Strategic outlook
7.4 ATI Metal
7.4.1 Business overview
7.4.2 Financial data
7.4.3 Structure landscape
7.4.4 SWOT analysis
7.4.5 Strategic outlook
7.5 Bharat Forge
7.5.1 Business overview
7.5.2 Financial data
7.5.3 Structure landscape
7.5.4 SWOT analysis
7.5.5 Strategic outlook
7.6 VSMPO-AVISMA Corporation
7.6.1 Business overview
7.6.2 Financial data
7.6.3 Structure landscape
7.6.4 SWOT analysis
7.6.5 Strategic outlook
7.7 Arconic
7.7.1 Business overview
7.7.2 Financial data
7.7.3 Structure landscape
7.7.4 SWOT analysis
7.7.5 Strategic outlook
7.8 Shaanxi Hongyuan Aviation Forging Co., Ltd
7.8.1 Business overview
7.8.2 Financial data
7.8.3 Structure landscape
7.8.4 SWOT analysis
7.8.5 Strategic outlook