Aerospace Forging Market Size, Trends and Insights By Material (Aluminium, Titanium, Steel, Others), By Aircraft( Commercial, Military), By Application (Rotors, Turbine Disc, Shafts, Fan Case, Others, By End User (Commercial, Military), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI26391

Published Date: July 2023

Pages: 220+

Category: Chemicals And Materials

Report Snapshot

CAGR: 3.8%
32.2B
2022
33.4B
2023
44.5B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Arconic Inc.
  • Precision Castparts Corp.
  • VSMPO-AVISMA Corporation
  • Bharat Forge Limited
  • Others

Exclusive, in-depth market intelligence can help you increase your Revenue.

Download Sample Pdf

Reports Description

As per the current market research conducted by CMI Team, the global Aerospace Forging Market is expected to record a CAGR of 3.8% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 32.2 billion. By 2032, the valuation is anticipated to reach USD 44.5 billion.

The aerospace forging market refers to the industry involved in the production and supply of forged components for aerospace applications. It encompasses the manufacturing processes and technologies used to shape and form metal alloys into strong and lightweight components. The nature of the market is highly specialized, with stringent quality and performance requirements.

Key trends driving the market include the demand for lightweight and fuel-efficient aircraft, advancements in material science and forging techniques, focus on sustainability and efficiency, digital transformation, increasing defence expenditure, and the recovery from the impact of COVID-19. These trends shape the market dynamics and drive innovation in the aerospace forging industry.

Aerospace Forging Market – Significant Growth Factors

The Aerospace Forging Market presents significant growth opportunities due to several factors:

  • Increasing Demand for Lightweight and Fuel-Efficient Aircraft: The aerospace industry is driven by the need for lightweight and fuel-efficient aircraft to reduce operating costs and environmental impact. Aerospace forgings, with their high strength-to-weight ratio, play a crucial role in meeting this demand and are favoured for manufacturing critical components that contribute to aircraft efficiency.
  • Advancements in Material Science and Forging Techniques: Continuous advancements in material science and forging techniques have driven the aerospace forging market. New alloys and innovative forging processes enhance the mechanical properties, durability, and performance of aerospace components. These advancements enable manufacturers to produce stronger, lighter, and more reliable parts, meeting the industry’s evolving needs.
  • Growth in defence and Space Exploration: The growth of defence modernization programs and increased investments in space exploration contribute to the aerospace forging market. defence applications require robust and durable forged components for military aircraft, while the space industry relies on forgings for spacecraft and satellite manufacturing. The expansion of these sectors drives the demand for aerospace forgings.
  • Adoption of Additive Manufacturing in Forging: The integration of additive manufacturing techniques in the forging process presents opportunities in the aerospace industry. The combination of traditional forging methods with additive manufacturing allows for the production of complex and customized components with improved efficiency and reduced material waste. This technology opens up new avenues for innovation and customization in aerospace forgings.
  • Sustainability and Environmental Concerns: The increasing focus on sustainability and environmental concerns presents opportunities in the aerospace forging market. Manufacturers are investing in lightweight materials and forging techniques that reduce fuel consumption and carbon emissions. The demand for sustainable solutions provides an opportunity for aerospace forging companies to develop and offer eco-friendly forging processes and materials.

Global Aerospace Forging Market 2023–2032 (By Material)

www.custommarketinsight.com

Aerospace Forging Market – Mergers and Acquisitions

The Aerospace Forging Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Aerospace Forging Market include:

  • ATI Ladish LLC and General Electric (GE) Aviation: In 2019, ATI Ladish signed a long-term agreement with GE Aviation to supply aerospace forgings for GE’s commercial and military aircraft engine programs, reinforcing their existing partnership.
  • Norsk Titanium AS and Spirit AeroSystems: In 2020, Norsk Titanium announced a partnership with Spirit AeroSystems to develop and certify titanium aerospace forgings using Norsk’s Rapid Plasma Deposition (RPD) technology, aiming to revolutionize the manufacturing process.
  • VSMPO-AVISMA Corporation and Boeing: In 2020, VSMPO-AVISMA extended its long-standing partnership with Boeing, signing a new contract for the supply of titanium forgings for Boeing’s commercial and defense aircraft programs.
  • Precision Castparts Corp. and Rolls-Royce: In 2021, Precision Castparts Corp. collaborated with Rolls-Royce to develop and manufacture complex nickel-based forgings for next-generation aircraft engines, leveraging their respective expertise in forging and engine technology.
  • Arconic Inc. acquiring RTI International Metals: In 2019, Arconic completed the acquisition of RTI International Metals, expanding its capabilities in titanium and other advanced materials for aerospace forging applications.
  • Bharat Forge Limited acquiring Walker Forge Tennessee LLC: In 2018, Bharat Forge acquired Walker Forge Tennessee, a leading aerospace and industrial forging company, strengthening its position in the aerospace forging market.
  • Allegheny Technologies Incorporated acquiring Ladish Co.: In 2019, Allegheny Technologies completed the acquisition of Ladish Co., a specialist in aerospace forging, expanding its portfolio of high-performance materials and components.
  • ATI Ladish LLC acquiring High Performance Metals Division: In 2020, ATI Ladish acquired the High-Performance Metals Division of Carpenter Technology Corporation, enhancing its capabilities in producing high-performance forgings for aerospace applications.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Aerospace Forging Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Aerospace Forging Market Unmanned Aircraft Systems Market Unmanned Systems Market
CAGR 3.8% (Approx) CAGR 14.9% (Approx) CAGR 15.7% (Approx)
USD 44.5 Billion by 2032 USD 100.4 Billion by 2032 USD 34.16 Billion by 2032

Aerospace Forging Market – Significant Threats

The Aerospace Forging Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Economic Downturn and Uncertainty: Economic downturns, such as recessions or financial crises, pose a significant threat to the aerospace forging market. During periods of economic instability, airlines may reduce their fleet expansion plans, leading to lower demand for new aircraft and, subsequently, fewer orders for aerospace forgings.
  • Fluctuating Raw Material Prices: The aerospace forging market heavily relies on raw materials like titanium, aluminium, and nickel-based alloys. Fluctuating prices of these materials can impact the cost of production and overall profitability. Volatile raw material prices can put pressure on profit margins, especially if manufacturers are unable to pass on the increased costs to customers.
  • Technological Disruptions: Rapid advancements in technologies, such as additive manufacturing and composite materials, pose a threat to traditional forging methods. These technologies offer alternative manufacturing solutions that could potentially replace some forged components. If aerospace companies increasingly adopt these disruptive technologies, it may impact the demand for traditional forged components in the market.
  • Geopolitical and Trade Uncertainties: Geopolitical tensions, trade disputes, and changing regulatory policies can create uncertainties in the aerospace forging market. Trade restrictions and tariffs on aerospace products can disrupt supply chains, increase production costs, and limit market access. Political instability and changes in government policies can also impact the demand for aerospace forgings, especially in international markets.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 33.4 Billion
Projected Market Size in 2032 USD 44.5 Billion
Market Size in 2022 USD 32.2 Billion
CAGR Growth Rate 3.8% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Material, Aircraft and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Event Type :

  • Aluminium: Aluminium is a lightweight and corrosion-resistant material used in aerospace forging. The trend in the aerospace forging market is the increasing demand for aluminium forgings to reduce weight and improve fuel efficiency in aircraft.
  • Steel: Steel forgings offer high strength and durability for critical aerospace components. The trend in the aerospace forging market is the development of advanced steel alloys and forging techniques to enhance performance and meet stringent safety requirements.
  • Titanium: These forgings provide excellent strength-to-weight ratio and resistance to high temperatures. The trend in the aerospace forging market is the growing use of titanium forgings in aircraft structures and engine components, driven by the need for lightweight and high-performance materials.
  • Others: Other materials, such as nickel-based alloys and superalloys, are also used in aerospace forging. The trend in the aerospace forging market is the development of specialized alloys and advanced forging processes to meet the increasing demand for complex and high-quality forgings in critical aerospace applications.

Global Aerospace Forging Market 2023–2032 (By Billion)

www.custommarketinsight.com

By Aircraft

  • Military Aircraft: Military aircraft encompass various types of planes, helicopters, and unmanned aerial vehicles (UAVs) used by the military for defence and combat operations. In the aerospace forging market, trends in this sector include increasing defence expenditure, the need for robust and durable forged components, and advancements in forging technologies to meet stringent military requirements.
  • Commercial Aircraft: In the aerospace forging market, commercial aircraft refer to passenger and cargo planes used for commercial air travel. The trends in this sector include the demand for lightweight and fuel-efficient aircraft, advancements in material science and forging techniques, and a focus on sustainability and efficiency.

Aerospace Forging Market – Regional Analysis

The Aerospace Forging Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: In the aerospace forging market, North America is characterized by strong technological advancements and a significant presence of major aerospace manufacturers. The trends in this region include a focus on developing advanced materials and forging techniques, increasing investments in defense programs, and adoption of digital technologies for enhanced manufacturing processes. Dominating market players in North America include Arconic Inc., Precision Castparts Corp., and ATI Ladish LLC.
  • Europe: Europe has a rich aerospace heritage and is known for its strong aerospace manufacturing capabilities. The trends in this region include a focus on lightweight materials and sustainable forging processes, a collaboration between aerospace companies and research institutions, and a growing emphasis on additive manufacturing in forging. Dominating market players in Europe include VSMPO-AVISMA Corporation, Fountaintown Forge, Inc., and Farinia Group.
  • Asia-Pacific: The Asia-Pacific region is undergoing rapid growth in the aerospace industry, propelled by a surge in air travel demand and substantial investments in aerospace infrastructure. Key trends in this region encompass the expansion of manufacturing facilities, the emergence of domestic aerospace companies, a growing emphasis on cultivating indigenous forging capabilities and fostering collaborations with global aerospace leaders. These trends collectively contribute to the flourishing aerospace sector in the Asia-Pacific region. Dominating market players in Asia-Pacific include Bharat Forge Limited, Norsk Titanium AS, and OTTO FUCHS KG.
  • LAMEA (Latin America, Middle East, and Africa): LAMEA is an emerging region in the aerospace forging market, witnessing significant growth potential. The trends in this region include increasing defence expenditures, government initiatives to develop aerospace industries, partnerships with international aerospace manufacturers, and a focus on technology transfer and knowledge exchange. Dominating market players in LAMEA include local companies and international players establishing their presence in the region.

Global Aerospace Forging Market 2023–2032 (By Aircraft)

www.custommarketinsight.com

Competitive Landscape – Aerospace Forging Market

The Aerospace Forging Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • Arconic Inc.
  • Precision Castparts Corp.
  • VSMPO-AVISMA Corporation
  • Bharat Forge Limited
  • Allegheny Technologies Incorporated
  • ATI Ladish LLC
  • Norsk Titanium AS
  • Fountaintown Forge Inc.
  • Farinia Group
  • OTTO FUCHS KG
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships. For example, In 2021, a major partnership in the aerospace forging market was formed between ATI Ladish LLC and General Electric (GE) Aviation. This partnership aimed to supply aerospace forgings for GE’s commercial and military aircraft engine programs, strengthening their collaboration and market presence.

In the aerospace forging market, new players have entered by adopting innovation and development to establish their presence. These newcomers focus on introducing advanced forging techniques, investing in research and development, and offering unique solutions to meet industry demands. They aim to carve a niche in the market and compete with established players.

Dominating the aerospace forging market are key players with strong market positions, extensive experience, and established customer relationships. These leaders leverage their technical expertise, broad product portfolios, and global presence to maintain a competitive edge. They often invest in cutting-edge technologies, forge strategic partnerships, and have a robust supply chain to meet the market’s demands efficiently, allowing them to dominate the aerospace forging sector.

The Aerospace Forging Market is segmented as follows:

By Material

  • Aluminium
  • Titanium
  • Steel
  • Others

By Aircraft

  • Commercial
  • Military

By Application

  • Rotors
  • Turbine Disc
  • Shafts
  • Fan Case
  • Others

By End User

  • Commercial
  • Military

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Aerospace Forging Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Aerospace Forging Market : snapshot
  • Chapter 3. Global Aerospace Forging Market – Industry Analysis
    • 3.1 Aerospace Forging Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing Demand for Lightweight and Fuel-Efficient Aircraft
      • 3.2.2 Advancements in Material Science and Forging Techniques
      • 3.2.3 Growth in defence and Space Exploration
      • 3.2.4 Adoption of Additive Manufacturing in Forging
      • 3.2.5 Sustainability and Environmental Concerns.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Material
      • 3.7.2 Market attractiveness analysis By Aircraft
  • Chapter 4. Global Aerospace Forging Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Aerospace Forging Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Aerospace Forging Market – Material Analysis
    • 5.1 Global Aerospace Forging Market overview: By Material
      • 5.1.1 Global Aerospace Forging Market share, By Material, 2022 and 2032
    • 5.2 Aluminium
      • 5.2.1 Global Aerospace Forging Market by Aluminium, 2023 – 2032 (USD Billion)
    • 5.3 Titanium
      • 5.3.1 Global Aerospace Forging Market by Titanium, 2023 – 2032 (USD Billion)
    • 5.4 Steel
      • 5.4.1 Global Aerospace Forging Market by Steel, 2023 – 2032 (USD Billion)
    • 5.5 Others
      • 5.5.1 Global Aerospace Forging Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Aerospace Forging Market – Aircraft Analysis
    • 6.1 Global Aerospace Forging Market overview: By Aircraft
      • 6.1.1 Global Aerospace Forging Market share, By Aircraft, 2022 and 2032
    • 6.2 Commercial
      • 6.2.1 Global Aerospace Forging Market by Commercial, 2023 – 2032 (USD Billion)
    • 6.3 Military
      • 6.3.1 Global Aerospace Forging Market by Military, 2023 – 2032 (USD Billion)
  • Chapter 7. Aerospace Forging Market – Regional Analysis
    • 7.1 Global Aerospace Forging Market Regional Overview
    • 7.2 Global Aerospace Forging Market Share, by Region, 2022 & 2032 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Aerospace Forging Market, 2023 – 2032 (USD Billion)
        • 7.3.1.1 North America Aerospace Forging Market, by Country, 2023 – 2032 (USD Billion)
    • 7.4 North America Aerospace Forging Market, by Material, 2023 – 2032
      • 7.4.1 North America Aerospace Forging Market, by Material, 2023 – 2032 (USD Billion)
    • 7.5 North America Aerospace Forging Market, by Aircraft, 2023 – 2032
      • 7.5.1 North America Aerospace Forging Market, by Aircraft, 2023 – 2032 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Aerospace Forging Market, 2023 – 2032 (USD Billion)
        • 7.6.1.1 Europe Aerospace Forging Market, by Country, 2023 – 2032 (USD Billion)
    • 7.7 Europe Aerospace Forging Market, by Material, 2023 – 2032
      • 7.7.1 Europe Aerospace Forging Market, by Material, 2023 – 2032 (USD Billion)
    • 7.8 Europe Aerospace Forging Market, by Aircraft, 2023 – 2032
      • 7.8.1 Europe Aerospace Forging Market, by Aircraft, 2023 – 2032 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Aerospace Forging Market, 2023 – 2032 (USD Billion)
        • 7.9.1.1 Asia Pacific Aerospace Forging Market, by Country, 2023 – 2032 (USD Billion)
    • 7.10 Asia Pacific Aerospace Forging Market, by Material, 2023 – 2032
      • 7.10.1 Asia Pacific Aerospace Forging Market, by Material, 2023 – 2032 (USD Billion)
    • 7.11 Asia Pacific Aerospace Forging Market, by Aircraft, 2023 – 2032
      • 7.11.1 Asia Pacific Aerospace Forging Market, by Aircraft, 2023 – 2032 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Aerospace Forging Market, 2023 – 2032 (USD Billion)
        • 7.12.1.1 Latin America Aerospace Forging Market, by Country, 2023 – 2032 (USD Billion)
    • 7.13 Latin America Aerospace Forging Market, by Material, 2023 – 2032
      • 7.13.1 Latin America Aerospace Forging Market, by Material, 2023 – 2032 (USD Billion)
    • 7.14 Latin America Aerospace Forging Market, by Aircraft, 2023 – 2032
      • 7.14.1 Latin America Aerospace Forging Market, by Aircraft, 2023 – 2032 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Aerospace Forging Market, 2023 – 2032 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Aerospace Forging Market, by Country, 2023 – 2032 (USD Billion)
    • 7.16 The Middle-East and Africa Aerospace Forging Market, by Material, 2023 – 2032
      • 7.16.1 The Middle-East and Africa Aerospace Forging Market, by Material, 2023 – 2032 (USD Billion)
    • 7.17 The Middle-East and Africa Aerospace Forging Market, by Aircraft, 2023 – 2032
      • 7.17.1 The Middle-East and Africa Aerospace Forging Market, by Aircraft, 2023 – 2032 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Arconic Inc.
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Precision Castparts Corp.
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 VSMPO-AVISMA Corporation
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Bharat Forge Limited
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Allegheny Technologies Incorporated
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 ATI Ladish LLC
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Norsk Titanium AS
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Fountaintown Forge Inc.
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Farinia Group
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 OTTO FUCHS KG
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Others.
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
List Of Figures

Figures No 1 to 20

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Arconic Inc.
  • Precision Castparts Corp.
  • VSMPO-AVISMA Corporation
  • Bharat Forge Limited
  • Allegheny Technologies Incorporated
  • ATI Ladish LLC
  • Norsk Titanium AS
  • Fountaintown Forge Inc.
  • Farinia Group
  • OTTO FUCHS KG
  • Others

FAQs

The key factors driving the Market are Increasing Demand for Lightweight and Fuel-Efficient Aircraft, Advancements in Material Science and Forging Techniques, Growth in defence and Space Exploration, Adoption of Additive Manufacturing in Forging And Sustainability and Environmental Concerns.

The “Material” category dominated the market in 2022.

The key players in the market are Arconic Inc., Precision Castparts Corp., VSMPO-AVISMA Corporation, Bharat Forge Limited, Allegheny Technologies Incorporated, ATI Ladish LLC, Norsk Titanium AS, Fountaintown Forge Inc., Farinia Group, OTTO FUCHS KG, Others

“North America” had the largest share in the Aerospace Forging Market.

The global market is projected to grow at a CAGR of 3.8% during the forecast period, 2023-2032.

The Aerospace Forging Market size was valued at USD 32.2 Billion in 2022.

PURCHASE OPTIONS

$

3490


$

4490


$

5490


$

1950


powerbi pdf
$

6200

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • Free 25% or 40 hours of customisation.
  • Free post-sale service assistance.
  • 15% discount on your next purchase.
  • Dedicated account Associate .
  • Permission to print the report.
  • Service guarantee available.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • Free 35% or 60 hours of customisation.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantee available.
  • Personalised market brief by author.
  • Permission to print the report.
  • PDF, Excel and Power Point.
  • Can be accessible by unlimited users.
  • Free 40% or 80 hours of customisation.
  • Free post-sale service assistance.
  • 30% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account manager.
  • Service guarantee available.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
  • 15% discount on your next purchase.
  • Free 20% or 10 hours of customisation.
  • PDF, Excel, Power Point and Power BI.
  • Every Year Free Update ( Apr – Apr)
  • Personalized market brief by author
  • Can be accessible by unlimited users.
  • Free 50% or 90 hours of customization.
  • Up to 50 Company Profiles
  • Free post-sale service assistance with guarantee
  • 40% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account team.
  • Service guarantee available.

Want to customize this report?
100% FREE CUSTOMIZATION!