Global Aerospace Metal Closed-Die Forging Market Size By Product (<10000 MT Press Capacity, 10000-19000 MT Press Capacity, 20000-29000 MT Press Capacity), By Application (Engine Components, Landing Gear and Structural Components, Helicopter Rotor Components and Shafts), By Geographic Scope And Forecast

Aerospace Metal Closed-die Forging Market Size And Forecast

Aerospace Metal Closed-die Forging Market size was valued at USD 81.26 Billion in 2024 and is projected to reach USD 157.85 Billion by 2031, growing at a CAGR of 7.8% from 2024 to 2031.

The expansion of the market is being fueled by elements including the rise in local and international travel as well as the well-established aviation industry. Additionally, the aviation industry has been boosted by an increase in foreign tourists around the world, which has increased the demand for aerospace forging. The Global Aerospace Metal Closed-die Forging Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Aerospace Metal Closed-die Forging Market Definition

Rising awareness concerns about climate change and rising government investment in renewable energy sources, particularly wind and hydro, are predicted to increase the demand for forged components. Thus, during the forecast period, it is anticipated that this investment will boost product demand. For instance, the U.S. government revealed intentions to construct up to 7 significant offshore wind farms in October 2021. By 2030, the government wants to develop 30 gigawatts of wind energy.

So, back in April 2022, the government announced some pretty big plansthey're aiming to build a massive 40 GW offshore wind project by 2050! Can you imagine? That's supposed to be spread out across 50 different wind farms. Now, speaking of building things, metal forging is this cool process where you shape metal using a whole lot of force – think pressing, hammering, and rolling. And get thisthe demand for forged metal is going up, up, up across all sorts of industries, from power and construction to agriculture, marine, and even aerospace. Why's that? Well, it seems like everyone's using carbon steel, which held the biggest market share in 2021 and is expected to keep on truckin'. Apparently, it's super strong because of its tight grain structure, which makes it great for handling friction. Plus, bonus points, carbon steel is generally less expensive than other metals!

Revenue from construction is expected to increase during the projection period at a consistent CAGR. The growth is linked to an increase in government spending in the building industry to mitigate the COVID-19 pandemic’s harmful effects. The Italian government unveiled a new recovery and resilience strategy in November 2021 with the goal of promoting economic growth of 1.5 to 2.5% by 2026. Government spending is anticipated for the development of public buildings, the use of renewable energy, and the management of waste and water.

Global Aerospace Metal Closed-die Forging Market Overview

The growing demand is anticipated to be driven by forged parts made from different alloys in aeroplanes. Additionally, it is anticipated that throughout the course of the projected period, commercial aircraft manufacturing will increase along with demand for aviation components such as engine parts, landing gears, machined parts, and turbines. As the number of military-grade aircraft such as helicopters, specialised fighters, and jets rises to better air defence, the need for aerospace forged elements is anticipated to expand. As a result, the expansion of the market will be further accelerated by the expanded applications across the aerospace industry.

The expansion of the market is being fueled by elements including the rise in local and international travel as well as the well-established aviation industry. Additionally, the aviation industry has been boosted by an increase in foreign tourists around the world, which has increased the demand for aerospace forging.

Additionally, throughout the projection period of 2022 to 2029, numerous breakthroughs, including the creation of the third generation of Al-Li alloys and improvements made by market participants in unique alloys, will expand the market’s profitable potential. The market for aerospace forging will continue to expand in the future as a result of the expanding research and development efforts that support its use.Another drawback for the aerospace forging market is the existence of several tight government rules for the aerospace industry as a result of growing environmental concerns. Further complicating the aerospace forging market growth rate are these environmental laws.

Global Aerospace Metal Closed-die Forging MarketSegmentation Analysis

The Global Aerospace Metal Closed-die Forging Market is segmented based on Product, Application, and Geography.

Aerospace Metal Closed-die Forging Market, By Product

• <10000 MT Press Capacity• 10000-19000 MT Press Capacity• 20000-29000 MT Press Capacity• 30000-39000 MT Press Capacity• 40000-49000 MT Press Capacity• 50000 MT Press Capacity

Based on Product, the market is segmented into <10000 MT Press Capacity, 10000-19000 MT Press Capacity, 20000-29000 MT Press Capacity, 30000-39000 MT Press Capacity, 40000-49000 MT Press Capacity, and 50000 MT Press Capacity.

Aerospace Metal Closed-die Forging Market, By Application

• Engine Components• Landing Gear and Structural Components• Helicopter Rotor Components and Shafts• Fuselage• Others

Based on the Application, the market is segmented into Engine components, landing gear and structural components, helicopter rotor components and shafts, as well as fuselage, and others.

Aerospace Metal Closed-die Forging Market, By Geography

• North America• Europe• The Asia Pacific• Rest of the world

Based on regional analysis, the Global Aerospace Metal Closed-die Forging Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.

Key Players

The “Global Aerospace Metal Closed-die Forging Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Doncasters Group, ATI, Mettis Aerospace, W.H.Tildesley Ltd, Aequs, Canton Drop Forge, Pacific Forge, and Aubert & Duval.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

We dig into the market using both qualitative and quantitative analysis, slicing it up based on things like money and even less obvious stuff. You'll get actual market value data (USD Billion) for every segment and sub-segment we identify. We'll tell you which region and segment we think is going to explode with growth and which will be the top dog. Plus, we break down each region, showing you how much of the product/service they're using and what's impacting the market there. See who's on top with a competitive landscape view that ranks the major players and highlights their latest moves (new stuff, partnerships, expansions, and acquisitions) over the last five years. We give you the full scoop on key companies with profiles that include an overview, insights, product benchmarking, and even a SWOT analysis. We cover the present and future, talking about recent changes, growth opportunities, what's driving things forward, and the roadblocks in both up-and-coming and established areas. We use Porter's five forces to really understand the market from all angles and give you a peek into the Value Chain. Expect a look at market dynamics, along with upcoming growth opportunities. And don't forget, you get 6 months of analyst support after you buy the report!

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