Aerospace Rolled Products Market is Forecasted to Reach US$ 6.3 billion in 2028, Says Stratview Research

The global aerospace rolled products market is projected to witness a growth rate of 5.1% annually from 2023 to 2028, with an anticipated size of US$ 6.3 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aerospace rolled products market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 6.3 billion
Growth (CAGR): 5.1% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 6
Number of Tables & Graphs: 100+

Segment Insights on the Aerospace Rolled Products Market:
The global aerospace rolled products market is segmented based on platform type, product type, material type, sales channel type, product type, and region.

Based on platform type - the aerospace rolled products market is segmented into commercial aircraft, regional aircraft, general aviation, military aircraft, helicopter, and spacecraft. The commercial aircraft is expected to remain the largest and the fastest-growing platform type in the market during the forecast period, with the consistent rise in commercial aircraft deliveries, Boeing and Airbus have delivered 371 and 488 aircraft in 2023 (till Q3), compared to 328 and 435, respectively, during the first nine months of 2022.

Based on the material type - the market is segmented into titanium & alloys, aluminum & alloys, steel & alloys, and others. Aluminum & Alloys are expected to remain the most preferred material in the market, whereas titanium & alloys are expected to remain the fastest-growing material in the market during the forecast period. Aluminum &Alloys have remained the material of choice for several decades in the aerospace industry. Aluminum is a low-cost, lightweight metal that can be heat-treated to fairly high strength levels, and it is one of the most easily fabricated high-performance materials. Titanium offers a remarkable weight advantage for aerospace structures as its density is 40% less than that of steel- or nickel-based alloys. Titanium and nickel are increasingly gaining traction in the aerospace industry owing to a plethora of advantages they offer.

To know the most attractive segments, visit:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to capture the highest share of the aerospace rolled products market during the forecast period. This growth outlook is majorly attributed to the following-
- The USA is the growth engine of the region's market with the presence of major aircraft OEMs, tier players, raw material suppliers, and part fabricators.
- Most of the rolled product suppliers have their presence in the region to address the emergent needs of OEMs and to be the partners for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.
- Asia-Pacific is likely to recoup at the fastest rate, witnessing the highest growth over the next six years.
- The highest growth of the region is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus for multiple aircraft programs; increasing production and procurement of military aircraft, owing to the rising defense budget; and expected rise in the production of indigenous aircraft, C919. India and China remain the thrust-bearers of the region's market in the long run.

Aerospace Rolled Products Market Drivers:

Some of the key drivers listed in the report are given below.
- Increasing aircraft production, demand for lightweight materials, and advancements in aerospace technologies.
- Growing defense budgets and fleet modernization further fuel market growth.

Top Companies in the Aerospace Rolled Products Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Arconic Corporation
• VSMPO-AVISMA Corporation
• Allegheny Technologies, Inc.
• Titanium Metals Corporation (TIMET)
• Constellium SE
• Kaiser Aluminum Corporation
• Carpenter Technology Corporation

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aerospace Rolled Products Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.