North America Aircraft Engine Forging Market Growth, Size, Share, Industry Report and Forecast 2021-2028 | LISI Group, Otto Fuchs KG, Safran

The aircraft engine forging market in North America is expected to grow from US$ 748.07 million in 2021 to US$ 1,147.20 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028.

The rise in air traffic across the region is leading to an increase in demand for commercial aircraft. Aircraft manufacturers have increased their rate of production of commercial aircraft and helicopters over the years. Rise in the manufacturing of aircraft is directly magnifying the demand for aircraft engines over years. Additionally, airlines, aircraft operators, armed forces, and charter operators are likely to boost the demand for new engines as part of their fleet modernization and growth plans.

Browse Full Report with TOC- https://www.businessmarketinsights.com/reports/north-america-aircraft-engine-forging-market/?utm_source=OpenPR&utm_medium=10470

The growing need for a new generation of engines with low emissions and weight, which would improve airplane fuel efficiency, is also contributing to the aircraft engine forging market proliferation. Companies are investing in the research and development of new engine models by employing cutting-edge technologies such as additive manufacturing and composite technologies. Thus, the rise in aircraft engine production worldwide is boosting the aircraft engine forging market.

Get Sample Copy of this North America Aircraft Engine Forging Market research report https://www.businessmarketinsights.com/sample/TIPRE00028028/?utm_source=OpenPR&utm_medium=10470

Major Key players covered in this report:

• All Metals & Forge Group
• Allegheny Technologies Incorporated
• Doncasters Group
• Farinia Group
• LISI Group
• Otto Fuchs KG
• Pacific Forge Incorporated
• Precision Castparts Corp.
• Safran
• VSMPO-AVISHMA Corporation

NORTH AMERICA AIRCRAFT ENGINE FORGING MARKET SEGMENTATION

North America Aircraft Engine Forging Market, by Forging Type

• Closed Die Forging
• Seamless Rolled Ring Forging

North America Aircraft Engine Forging Market, by Material Type

• Nickel Alloy
• Titanium Alloy

North America Aircraft Engine Forging Market, by Application

• Fan Case
• Combustion Chamber Outer Case
• Turbine Disc
• Rotors
• Others

Order a Copy of this North America Aircraft Engine Forging Market research report https://www.businessmarketinsights.com/buy/single/TIPRE00028028/?utm_source=OpenPR&utm_medium=10470

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.

Contact US:

Business Market Insights
Phone: +442081254005
E-Mail ID: sales@businessmarketinsights.com
Web URL: https://www.businessmarketinsights.com/
LinkedIn URL: https://www.linkedin.com/company/business-market-insights/

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

This release was published on openPR.