Press release
What's driving the Aerospace Cold Forgings Market Trends? Arconic, Precision Castparts Corp, Eramet Group, Vsmpo-Avisma, Scot Forge, Bharat Forge, Shaanxi Hongyuan Aviation Forging Co Ltd, ATI Metal
Aerospace Cold Forgings Market
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.
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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. In the aerospace industry, precision and durability are critical with every used component, as the slightest malfunction could cause death of hundreds of people onboard. Hence, to develop high-efficiency components, OEMs mainly prefer cold forging method as it helps reduce defects or folds in precious alloy parts. The components formed can also endure extreme environmental condition and offer benefits like high volume production, easy development of complex components like external engine parts, ducting, acoustic panels and engine cowl skins, improved tensile strength and lower production cost.
The North America aerospace cold forgings 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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Some Point from Table of Contents:
Chapter 4. Aerospace Cold Forgings Market, By Application
4.1. Global aerospace cold forging market share by application, 2018 & 2025
4.1.1. Landing gear
4.1.1.1. Market estimates and forecast, 2013-2025
4.1.1.2. Market estimates and forecast, by region, 2013-2025
4.1.2. Nacelle
4.1.2.1. Market estimates and forecast, 2013-2025
4.1.2.2. Market estimates and forecast, by region, 2013-2025
4.1.3. Airframe
4.1.3.1. Market estimates and forecast, 2013-2025
4.1.3.2. Market estimates and forecast, by region, 2013-2025
Chapter 5. Aerospace Cold Forgings Market, By Platform
5.1. Global aerospace cold forging market share by platform, 2018 & 2025
5.2. Fixed Wing
5.2.1. Market estimates and forecast, 2013 - 2025
5.2.2. Market estimates and forecast, by region, 2013-2025
5.2.3. Narrow Body
5.2.3.1. Market estimates and forecast, 2013-2025
5.2.3.2. Market estimates and forecast, by region, 2013-2025
5.2.4. Wide Body
5.2.4.1. Market estimates and forecast, 2013-2025
5.2.4.2. Market estimates and forecast, by region, 2013-2025
5.2.5. Regional Jets
5.2.5.1. Market estimates and forecast, 2013-2025
5.2.5.2. Market estimates and forecast, by region, 2013-2025
5.2.6. Fighter Jets
5.2.6.1. Market estimates and forecast, 2013-2025
5.2.6.2. Market estimates and forecast, by region, 2013-2025
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