Aerospace Cold Forgings Market: Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030

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Aerospace Cold Forgings market to surpass USD 7.94 million by 2030 from USD 4.01 million in 2020 at a CAGR of 7.07% in the coming years, i.e., 2021-30.

Description

Aerospace Cold Forgings market

Aerospace Cold Forgings Market Report Scope and Segmentation
Report Attribute Details
Market size value in 2021 USD 4.29 million
Revenue forecast in 2030 USD 7.94 million
Growth Rate CAGR of 7.07% from 2021 to 2030
Base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Product type, Type, Platform, Aircraft, Application, and Region
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)
Key companies profiled Precision Castparts Corp, Arconic, VSMPO-AVISMA, Scot Forge Company, Eramet Group, Shaanxi Hongyuan Aviation Forging Co Ltd, ATI Metal, STS Intelli, Rostec, Bharat Forge, and Other Prominent Players.

Product Overview
Cold forging is a manufacturing process that involves deforming materials into high-strength components. The cold forging method ensures high production precision, which is essential for aircraft parts and components. Dimensionally accurate, cold-forged components require little or no finishing.

Market Highlights
Aerospace Cold Forgings market is expected to project a notable CAGR of 7.07% in 2030
One of the main reasons driving the market’s growth is the growing relevance of aircraft structural dependability and the necessity for a high strength-to-weight ratio. Industry share is being fueled by shifting trends toward efficient production processes, optimal material usage, and reduced forging energy.

Recent highlights in the Aerospace Cold Forgings Market
In October 2018
Weber Metals spent USD 180 million on an aircraft metal forging machine and now offers a variety of bespoke forging solutions.

Aerospace Cold Forgings Market: Segments
Landing gears segment to grow with the highest CAGR during 2020-30
Aerospace Cold Forgings market is segmented by Application into Landing gear, Nacelle, Airframe. Over the forecast period, the Landing gears segment will account for significant growth in the aerospace cold forgings market. This is due to an increase in aircraft manufacturing throughout the world. Because of their high ductility and optimal yield strength, cold-forged titanium alloys are utilized to make aeroplane landing gear. Furthermore, the industry’s size is expected to grow significantly due to required compliance with severe requirements requiring landing gear replacement for aging fleets.

Fixed-wing segment to grow with the highest CAGR during 2020-30
Aerospace Cold Forgings market is segmented by Type into Fixed-wing, Rotary wing. Among these, the Fixed-wing category will see significant growth throughout the projection period due to the expansion of the military and commercial aviation industries, as well as growing demand for cost-effective aircraft.

Market Dynamics
Drivers
Adoption of cold forgings
Cold forging is a quicker manufacturing procedure than traditional methods. This has enabled a large volume of manufacturing to be completed in a shorter amount of time, adding to the market’s expansion. The adoption of the cold forgings process has been helped by the IAQG’s stringent regulations for the manufacturing of aerospace parts. This has had a positive influence on the aerospace cold forgings business, allowing it to expand. Furthermore, the cold forging production method significantly decreases material loss, resulting in market growth.

Advance technologies
The development of advanced technologies, such as hydraulic forging presses that employ efficient hydraulic forming (EHF), reduces energy needs, improves precision, and lowers costs, therefore increasing market penetration. Players in the industry are significantly spending in R&D in order to grow their market share and streamline their business opportunities.

Restraint
Lack of skilled labor
There are a few restraints that might slow the growth of the aerospace cold forgings market. The market may be hampered by a lack of skilled labor and a lack of composite materials with non-corrosive characteristics.

Aerospace Cold Forgings Market: Key Players
Precision Castparts Corp

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Arconic
VSMPO-AVISMA
Scot Forge Company
Eramet Group
Shaanxi Hongyuan Aviation Forging Co Ltd
ATI Metal
STS Intelli
Rostec
Bharat Forge

Aerospace Cold Forgings Market: Regions
Aerospace Cold Forgings market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Aerospace Cold Forgings market in North America held the largest market share in the year 2020. In terms of geography, the global aerospace cold forgings market is dominated by North America. The region’s prosperity may be ascribed to the growing aerospace sector, which has resulted in an increase in aircraft manufacturing. In addition, increased defense spending has fueled the market’s expansion in this area.

Aerospace Cold Forgings market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – China, Japan, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Aerospace Cold Forgings report also contains analysis on:
Aerospace Cold Forgings Segments:
By Product Type
Captive
Forging
Catalog forging
Custom forging
By Type
Fixed-wing
Rotary wing
By Platform
Narrow-body
Widebody
Regional jets
Fighter jets
Helicopter
Others
By Aircraft
Military aviation
Commercial aviation
General aviation
By Application
Landing gear
Nacelle
Airframe
Aerospace Cold Forgings Market Dynamics
Aerospace Cold Forgings Market Size
Supply & Demand
Current Market Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints

 

Frequently Asked Questions
How big is the Aerospace Cold Forgings market?
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Aerospace Cold Forgings market to Surge at 7.07% CAGR, which is anticipated to reach USD 7.94 million by 2030.

Additional information

Publisher

Geography Covered

Date Published

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Pages

Format

Table of Contents

Contents
1. Executive Summary
2. Aerospace Cold Forgings Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Aerospace Cold Forgings Market Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Aerospace Cold Forgings Market
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Aerospace Cold Forgings Market: Market Segmentation
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Europe: (Germany, UK, France, Italy, Spain, and Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Asia-Pacific: (China, India, Japan, Australia and Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Latin America: (Brazil, Mexico, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Product Type: Market Share (2020-2030F)
12.2.1. Captive, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Forging, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. Catalog forging, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.4. Custom forging, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Type: Market Share (2020-2030F)
12.3.1. Fixed wing, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Rotary wing, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4. By Platform: Market Share (2020-2030F)
12.4.1. Narrow body, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.2. Wide body, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.3. Regional jets, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.4. Fighter jets, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.5. Helicopter, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.6. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5. By Aircraft: Market Share (2020-2030F)
12.5.1. Military aviation, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5.2. Commercial aviation, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5.3. General aviation, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.6. By Application: Market Share (2020-2030F)
12.6.1. Landing gear, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.6.2. Nacelle, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.6.3. Airframe, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. Company Profile
13.1. Precision Castparts Corp
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Arconic
13.3. VSMPO-AVISMA
13.4. Scot Forge Company
13.5. Eramet Group
13.6. Shaanxi Hongyuan Aviation Forging Co Ltd
13.7. ATI Metal
13.8. STS Intelli
13.9. Rostec
13.10. Bharat Forge
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

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