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Aerospace Forging Market Anticipated To Witness Robust Growth, Surpassing $49.66 Billion By 2029
Aerospace Forging
What Is the Current Aerospace Forging Market Size and Its Estimated Growth Rate?
The Aerospace Forging Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Aerospace Forging Market Size and Its Estimated Growth Rate?
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How Are Emerging Segments Shaping the Aerospace Forging Market Landscape?
The aerospace forging market covered in this report is segmented -
1) By Material: Aluminum, Steel, Titanium, Other Materials
2) By Aircraft: Commercial, Military, Other Aircrafts
3) By Application: Rotors, Turbine Disc, Shafts, Fan Case, Other Applications
Subsegments:
1) By Aluminum: Aluminum Alloys, Heat-Treated Aluminum
2) By Steel: Carbon Steel, Alloy Steel, Stainless Steel
3) By Titanium: Titanium Alloys, Commercially Pure Titanium
4) By Other Materials: Nickel Alloys, Copper Alloys, Magnesium Alloys
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Which Growth Factors Are Influencing Aerospace Forging Market Expansion?
The aircraft forging market's growth is anticipated to be fuelled by an increase in airplane manufacturing. Aircraft production pertains to the creation of airplanes and their parts, including propulsion systems, avionics, and related equipment. Forged components, being stronger and more enduring than parts produced using bar stock and casting, are perfectly suited for diverse aerospace applications. For example, Airbus SE, an aerospace services, solutions, and products provider based in the Netherlands, reported in an article published in January 2023, that it supplied 661 commercial aircraft to 84 clients in 2022. This was an 8% boost from 2021. Consequently, the growth in airplane manufacturing is triggering the expansion of the aircraft forging market.
Who Are the Dominant Players Across Different Aerospace Forging Market Segments?
Major companies operating in the aerospace forging market include Arconic Corporation, Bharat Forge Limited, Scot Forge Company, Larsen & Toubro Ltd., Jiangyin Hengrun Heavy Industries Co. Ltd. , Consolidated Industries Inc., Somers Forge Ltd, Pacific Forge Inc, Precision Castparts Corporation, Ellwood Group Inc, All Metals & Forge Group LLc, Farinia Group, Victoria Drop Forgings Ltd., Mettis Aerospace Limited, Berkshire Hathaway Inc., Eramet Group, Avic Heavy Machinery Co. Ltd., Fountaintown Forge Inc., GKN Aerospace service Limited, High Tech Metal Seals Inc., Sheffield Forgemasters International Ltd., Thyssenkrupp Aerospace, Weber Metals Inc., SIFCO Industries Inc., Doncasters Group Ltd., Howmet Aerospace Inc., PCC Forged Products, Alcoa Corporation, Carpenter Technology Corporation, Forged Solutions Group, Honsel Umformtechnik GmbH, LISI Aerospace SAS, Safran Forge America Inc.
What Are the Latest Developing Trends in the Aerospace Forging Market?
Leading businesses in the aircraft forging market are engaging in strategic alliances to utilize shared expertise, resources, and proficiencies to meet the rising demands of the aerospace sector. Such partnerships can stimulate the creation of innovative technologies and alloys, catering to the growing needs of the aerospace sector for lighter, more robust, and heat-resistant materials and forged parts. To exemplify, in April 2023, the China-based steel firm Jiuli issued the final acceptance certificate (FAC) for a hydraulic radial forging line to SMS group. The SMX 900/18 MN hydraulic radial forging machine possesses a press force of 18 MN for each of the four press cylinders, making it ideal for forging complex aerospace components. The hydraulic function ensures the unrestricted and adaptable selection of all crucial forging parameters, permitting the maximum forging force to be employed during the entire forging stroke. The SMI horizontal forging machine is a fully controlled and hydraulically powered 2-ram forge machine, equipped with coordinated manipulators and centering mechanisms for automated operations.
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Which Geographic Regions Are Expected to Dominate the Aerospace Forging Market in the Coming Years?
North America was the largest region in the aerospace forging market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global aerospace forging market report during the forecast period. The regions covered in the aerospace forging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Aerospace Forging Market?
2. What is the CAGR expected in the Aerospace Forging Market?
3. What Are the Key Innovations Transforming the Aerospace Forging Industry?
4. Which Region Is Leading the Aerospace Forging Market?
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