Aerospace Cold Forgings Market Outlook 2025 By Top Manufacturers Arconic, Precision Castparts Corp, Eramet Group, Vsmpo-Avisma, Scot Forge, Bharat Forge, Shaanxi Hongyuan Aviation Forging Co Ltd, ATI Metal

With the stellar growth of the aviation industry, the aerospace cold forgings market is anticipated to record inevitable expansion in the years ahead. Current affairs indicate such a trend as well when in 2019, British Airways placed a massive order for 42 Boeing 777 jets. The deal comes at a time when IAG, which also owns other airlines like Aer Lingus and Iberia, said that the net profits for the group soared by 45% to EUR2.9 billion due to lower costs and higher passenger numbers.

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The landing gears segment in aerospace cold forgings market is expected to account for significant growth over the forecast period. OEMs in the aircraft manufacturing sector use cold-forged titanium alloys for forming aircraft landing gear owing to its high ductility and optimum yield strength. Higher strength metal alloys have also proven to be equally transformative for other aircraft components.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
Arconic, Precision Castparts Corp, Eramet Group, Vsmpo-Avisma, Scot Forge, Bharat Forge, Shaanxi Hongyuan Aviation Forging Co Ltd, ATI Metal

With cold-forged steel and titanium alloys, stronger and lighter landing gear structures can be made whilst further reducing aircraft weight, potential cases of corrosion as well as manufacturing cost. Moreover, obligatory compliance with strict regulations regarding upgradation of existing landing gears on aging fleet is anticipated to augment aerospace cold forgings market in the coming years.

The aerospace cold forgings market for narrow body platform will record significant gains over the coming years. The segment has witnessed increased demand lately owing to growth in commercial air transportation and demand for long-haul flights. Narrow body designs help increase range and efficiency of any aircraft, allowing it to offer improved competence and lower cost per available seat mile (CASM) to operators. Speculating these benefits, OEMs are also focusing more on developing narrow body airplanes.

For instance, Boeing's new, fourth-generation 737 called the 737 MAX offers the greatest range in its family thanks to its advanced airframe upgrades and new CFM International LEAP-1B engines that offer long-distance travel of around 7400km with a passenger capacity of 150. Reports suggest that narrow body aircraft can also lower economic risks compared to wide body models and can offer reduced cost per available seat mile (CASM) than models like the Boeing 787-800. Development and demand of such aircraft models will ultimately augment aerospace cold forgings market outlook over 2019-2025.

The North America market is speculated to witness unprecedented growth due to the presence of leading aircraft manufacturers across the region. The growing demand for new aircraft models along with an expanded network of routes served by several airliners will support industry growth. Additionally, market players, expanding their manufacturing facilities to improve industry share, will also add impetus to aerospace cold forgings market expansion. For instance, in January 2019, Airbus unveiled its new production facility in the U.S. to fulfill the expansive demand for its A220 aircrafts.

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Cold forging is a manufacturing process performed at room temperature where materials are subjected to extreme pressure to change their shape and size are per need. In the aerospace sector, the process helps ensure that all the aircraft components are made precisely and meet desired durability and regulatory standards. The aerospace cold forgings market will exceed $5.5 million by 2025.

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