Aircraft Engine Forging Market Size Projected to hit US$ 3,260.77 Million by 2028, says The Insight Partners

The Aircraft Engine Forging Market is projected to reach US$ 3,260.77 Million by 2028 from US$ 2,145.80 Million in 2021; it is expected to grow at a CAGR of 6.2% from 2021 to 2028.

Aircraft Engine Forging Market report by "The Insight Partners" sheds light on the key drivers and opportunities attributing to market expansion over the analysis period. It also gives in-depth information pertaining to the challenges and threats poised to hinder revenue generation in the forthcoming years. Additionally, the report also provides crucial information regarding leading companies in this business sphere and the trends that are likely to prevail in the near future. The document entails a detailed rundown of the impact of the key factors on the development and growth of the of the business sphere over the forecast timeframe. Promising opportunities in the Aircraft Engine Forging Market have also been mentioned in the study.

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According to the International Air Transport Association, air passengers are expected to quadruple over the next two decades. ~8.2 billion passengers are expected to have traveled by air by 2037. With rising passenger traffic, major aircraft manufacturers such as Airbus and Boeing expect to see a rise in their commercial aircraft deliveries in the coming years. Thus, a surge in air passenger traffic across various countries is a key factor driving the aircraft engine forging market. Additionally, the aircraft production capacity continues to increase in response to the rise in air traffic and the introduction of next-generation aircraft. The surge in the manufacturing of aircraft would further boost the aircraft engine forging businesses. The process of forging aircraft engine components includes metalworking and machining techniques such as closed die forging, seamless die forging, and isothermal forging.

Companies Profiled in Aircraft Engine Forging Market report includes: All Metals and Forge Group, ATI, Doncaster Group Ltd, Farinia Group, Lisi Aerospace, Otto Fuchs GmbH, Pacific Forge Incorporated, Precision Castparts Corp., Safran and VSMPO-AVISMA Corporation.

The aircraft engine forging market is segmented on the basis of forging type, material type, end-user, and geography. Based on type, the aircraft engine forging market is bifurcated into closed die forging and seamless rolled ring forging. Based on material type, the market is subsegmented into nickel alloys and titanium alloys. Based on end user, the market is further segmented into fan case, combustion chamber outer case, turbine disc, rotors, and others. On the basis of geography, the aircraft engine forging market size is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America. All Metals & Forge Group, ATI Metals, Doncasters Group Ltd, Farinia Group, Lisi Aerospace, Otto Fuchs GmbH, Pacific Forge Incorporated, and Precision Castparts Corp. are among the key players that are profiled during the study of the aircraft engine forging market.

Aircraft Engine Forging Market research report provides an in-depth examination of the key factors stimulating market expansion. It also sheds light on the challenges or restraining factors that are poised to hinder industry growth over the forecast timeframe. Growth rate, market share captured, and valuation estimates for each region, segment, and company are documented as well.

Furthermore, the Aircraft Engine Forging Market is segmented based on type, application, and region in order to study it exhaustively and provide the data in a systematic manner. Speaking of competitive landscape, the study includes a list of leading companies along with their product and service offerings, strategic decisions, SWOT analysis, latest developments, market share captured, growth rate, and valuation. The challenges faced by these companies are analyzed and solutions for them are given as well.

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Impact of COVID-19 Pandemic on Aircraft Engine Forging Market
The US has witnessed the most severe impact of COVID-19 in 2020 and 2021. The aircraft engine manufacturers and engine component manufacturers in the country were affected due to nationwide lockdowns and travel restrictions, shut down of production facilities, and shortage of employees. The massive outbreak of the virus has created both a health crisis and an economic crisis in the US. It has led to major disruptions in the aerospace industry, impacting everything from supply chain and manufacturing to product sales. The pandemic has directly and indirectly impacted the industry's short term and long term strategies.

Essential points covered in Aircraft Engine Forging Market report are:-
1 What will the Aircraft Engine Forging Market size and the growth rate be in 2028?
2 What are the key growth stimulants of Aircraft Engine Forging Market?
3 What are the key market trends impacting Aircraft Engine Forging Market valuation?
4 What are the challenges to market proliferation?
5 Who are the key vendors in the Aircraft Engine Forging Market?
6 Which are the leading companies contributing to Aircraft Engine Forging valuation?
7 What was the market share held by each region in 2021?
8 What is the estimated growth rate and valuation of Aircraft Engine Forging in 2028?

The report also puts forward the current and future market scenario derived after a thorough analysis of the markets across five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. PEST analysis for each region is incorporated as well.

Moreover, key companies contributing to Aircraft Engine Forging Market valuation are studied thoroughly. The study entails a list of these companies along with exhaustive information regarding their offerings, strategic decisions such as partnerships, product launches, mergers & acquisitions and SWOT analysis.

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Reason to Buy:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Aircraft Engine Forging Market.
• Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
• The key findings and recommendations highlight crucial progressive industry trends in the Aircraft Engine Forging Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Players operating in the aircraft engine forging market are mainly focused on the development of advanced and efficient products.
• In 2019, Doncasters sold its two businesses with operations in Sheffield, Shrewsbury, and Blaenavon. Blaenavon Forgings is sold to a US private equity firm Arlington Capital Partners and its UK Fabrications business to Radius Aerospace.
• In 2018, LISI Aerospace developed "hot dies" forging technology at its Forges de Bologne plant. This new concept helps to maintain the productivity of conventional forging while achieving a metallurgical quality close to that of isothermal forgings i.e., forging installation operating at 1,250/1,300°C, in terms of microstructure homogeneity and external health of the parts.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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