Aircraft Closed-Die Forging Market is Forecasted to Reach US$ 22 billion in 2028, Says Stratview Research

The global aircraft closed-die forging market is projected to witness a growth rate of 7.0% annually from 2023 to 2028, with an anticipated size of US$ 22 billion by 2028, according to an analysis by Stratview Research.

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

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3531/aircraft-closed-die-forging-market.html#form

Report Highlights:
Market Size in 2028: US$ 22 billion
Growth (CAGR): 7.0% 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 Aircraft Closed-Die Forging Market:
The global aircraft closed-die forging market is segmented based on aircraft type, application type, component size type, material type, end-user type, and region.

Based on aircraft type - Stratview Research has first segmented the aircraft closed-die forging market on the basis of aircraft type: commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation. Commercial aircraft is expected to dominate the aircraft closed-die forging market in the coming years. The demand for these components is being driven by factors such as rebounding air passenger traffic pushing an increase in the production rate of key aircraft programs, new market entrants like COMAC and Irkut, the introduction of new fuel-efficient variants of existing aircraft programs, and growing aircraft fleet sizes. Boeing and Airbus anticipated the deliveries of more than 40,000 aircraft in the next twenty years, supporting sustainable growth in the long term.

Based on the application type - The aircraft closed-die forging market is segmented into airframe and engine. The engine is expected to lead the aircraft closed-die forging market during the forecast period. Engines for every aircraft type require a wide range of high-performance components that can withstand extreme operating conditions. Closed-die forging is commonly used in manufacturing engine components due to its ability to produce parts with high strength, excellent fatigue resistance, and dimensional accuracy. Engine components, such as turbine disks, compressor blades, shafts, and connecting rods, are produced through closed-die forging. Further, the key engine manufacturers are setting targets to increase their production of engines in the future, which will lead to a boost in the demand for closed-die forged products for engines.

Based on the material type - The market is segmented into nickel, titanium, stainless steel, aluminum, and others. Nickel is expected to maintain its dominance during the forecast period. The unique properties of nickel-based alloys and their ability to meet stringent performance standards make them essential to produce critical components. Nickel-based alloys are suitable for crucial parts in aviation engines and airframes because they have exceptional high-temperature strength, corrosion resistance, and mechanical qualities.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3531/aircraft-closed-die-forging-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is likely to remain the most dominant region, whereas Asia-Pacific is expected to be the fastest-growing region in the long-term scenario. This growth outlook is majorly attributed to the following-
- North America is home to several major OEMs and tier players, including Boeing, and numerous engine manufacturers such as General Electric and Pratt & Whitney.
- These companies have a substantial demand for closed-die forged parts for a series of aircraft and engine applications.
- These industry leaders' presence contributes to North America's dominance in the market.
- Europe and Asia-Pacific have a high penetration of aircraft closed-die forging and offer sizeable market opportunities.

Aircraft Closed-Die Forging Market Drivers:

Some of the key drivers listed in the report are given below.
- Rebounding air travel demand, growing commercial aviation, and modernization programs for military aircraft.
- The demand for forged components has been impacted directly by this rise.
- Additionally, the aviation industry is being propelled by international and domestic tourism, which has resulted in the increased demand for forged products.
- Furthermore, the market for aerospace forging will keep growing because of hefty research & development investments by major manufacturers.

Top Companies in the Aircraft Closed-Die Forging Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Precision Castparts Corp.
• Forgital Group
• ATI Inc.
• Doncasters Group
• Voestalpine BÖHLER Aerospace GmbH & Co KG
• Aubert & Duval SAS
• Otto Fuchs KG
• Howmet Aerospace

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aircraft Closed-Die Forging 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?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Aircraft Engine Forging Market: https://www.stratviewresearch.com/3521/aircraft-engine-forging-market.html

• Aircraft Nickel & Cobalt Round Products Market: https://www.stratviewresearch.com/3887/aircraft-nickel-and-cobalt-round-products-market.html

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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.
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This release was published on openPR.