Global Aerospace Metal Closed-Die Forging Market Size By Product (<10000 MT Press Capacity, 10000-19000 MT Press Capacity, 20000-29000 MT Press Capacity), By Application (Engine Components, Landing Gear and Structural Components, Helicopter Rotor Components and Shafts), By Geographic Scope And Forecast
Report ID: 245434|No. of Pages: 202
Global Aerospace Metal Closed-Die Forging Market Size By Product (<10000 MT Press Capacity, 10000-19000 MT Press Capacity, 20000-29000 MT Press Capacity), By Application (Engine Components, Landing Gear and Structural Components, Helicopter Rotor Components and Shafts), By Geographic Scope And Forecast
Aerospace Metal Closed-die Forging Market Size And Forecast
Aerospace Metal Closed-die Forging Market size was valued at USD 81.26 Billion in 2024 and is projected to reach USD 157.85 Billion by 2031, growing at a CAGR of 7.8% from 2024 to 2031.
The expansion of the market is being fueled by elements including the rise in local and international travel as well as the well-established aviation industry. Additionally, the aviation industry has been boosted by an increase in foreign tourists around the world, which has increased the demand for aerospace forging. The Global Aerospace Metal Closed-die Forging Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Aerospace Metal Closed-die Forging Market Definition
Rising awareness concerns about climate change and rising government investment in renewable energy sources, particularly wind and hydro, are predicted to increase the demand for forged components. Thus, during the forecast period, it is anticipated that this investment will boost product demand. For instance, the U.S. government revealed intentions to construct up to 7 significant offshore wind farms in October 2021. By 2030, the government wants to develop 30 gigawatts of wind energy.
Similar to this, the government of the nation declared in April 2022 that it intends to build a 40 GW offshore wind project by 2050, which is anticipated to be distributed over 50 wind farms. Metals are moulded and moulded using compressive force during the metal forging process.
By pressing, hammering, and rolling, these forces are applied. The market is expected to increase as a result of rising demand for the product across a number of industries, including power, construction, agriculture, marine, and aerospace. In terms of raw materials, carbon steel had the biggest revenue share in 2021, and it is anticipated that it will continue to hold the top spot for the duration of the projected period.
The product frequently has a tight grain structure, which makes it mechanically strong to bear friction, and the growth is linked to the qualities of the material. Additionally, carbon steel is less expensive than other types.
Revenue from construction is expected to increase during the projection period at a consistent CAGR. The growth is linked to an increase in government spending in the building industry to mitigate the COVID-19 pandemic’s harmful effects. The Italian government unveiled a new recovery and resilience strategy in November 2021 with the goal of promoting economic growth of 1.5 to 2.5% by 2026. Government spending is anticipated for the development of public buildings, the use of renewable energy, and the management of waste and water.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=245434
Global Aerospace Metal Closed-die Forging Market Overview
The growing demand is anticipated to be driven by forged parts made from different alloys in aeroplanes. Additionally, it is anticipated that throughout the course of the projected period, commercial aircraft manufacturing will increase along with demand for aviation components such as engine parts, landing gears, machined parts, and turbines. As the number of military-grade aircraft such as helicopters, specialised fighters, and jets rises to better air defence, the need for aerospace forged elements is anticipated to expand. As a result, the expansion of the market will be further accelerated by the expanded applications across the aerospace industry.
The expansion of the market is being fueled by elements including the rise in local and international travel as well as the well-established aviation industry. Additionally, the aviation industry has been boosted by an increase in foreign tourists around the world, which has increased the demand for aerospace forging.
Additionally, throughout the projection period of 2022 to 2029, numerous breakthroughs, including the creation of the third generation of Al-Li alloys and improvements made by market participants in unique alloys, will expand the market’s profitable potential. The market for aerospace forging will continue to expand in the future as a result of the expanding research and development efforts that support its use.
Another drawback for the aerospace forging market is the existence of several tight government rules for the aerospace industry as a result of growing environmental concerns. Further complicating the aerospace forging market growth rate are these environmental laws.
Global Aerospace Metal Closed-die Forging Market: Segmentation Analysis
The Global Aerospace Metal Closed-die Forging Market is segmented based on Product, Application, and Geography.
Aerospace Metal Closed-die Forging Market, By Product
• <10000 MT Press Capacity
• 10000-19000 MT Press Capacity
• 20000-29000 MT Press Capacity
• 30000-39000 MT Press Capacity
• 40000-49000 MT Press Capacity
• 50000 MT Press Capacity
Based on Product, the market is segmented into <10000 MT Press Capacity, 10000-19000 MT Press Capacity, 20000-29000 MT Press Capacity, 30000-39000 MT Press Capacity, 40000-49000 MT Press Capacity, and 50000 MT Press Capacity.
Aerospace Metal Closed-die Forging Market, By Application
• Engine Components
• Landing Gear and Structural Components
• Helicopter Rotor Components and Shafts
• Fuselage
• Others
Based on the Application, the market is segmented into Engine components, landing gear and structural components, helicopter rotor components and shafts, as well as fuselage, and others.
Aerospace Metal Closed-die Forging Market, By Geography
• North America
• Europe
• The Asia Pacific
• Rest of the world
Based on regional analysis, the Global Aerospace Metal Closed-die Forging Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.
Key Players
The “Global Aerospace Metal Closed-die Forging Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Doncasters Group, ATI, Mettis Aerospace, W.H.Tildesley Ltd, Aequs, Canton Drop Forge, Pacific Forge, and Aubert & Duval.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Doncasters Group, ATI, Mettis Aerospace, W.H.Tildesley Ltd, Aequs, Canton Drop Forge, Pacific Forge, and Aubert & Duval. |
| SEGMENTS COVERED |
|
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
TABLE OF CONTENT
1 INTRODUCTION OF GLOBAL AEROSPACE METAL CLOSED-DIE FORGING MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL AEROSPACE METAL CLOSED-DIE FORGING MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL AEROSPACE METAL CLOSED-DIE FORGING MARKET, BY PRODUCT
5.1 Overview
5.2 <10000 MT Press Capacity
5.3 10000-19000 MT Press Capacity
5.4 Others
6 GLOBAL AEROSPACE METAL CLOSED-DIE FORGING MARKET, BY APPLICATION
6.1 Overview
6.2 Engine Components
6.3 Landing Gear and Structural Components
6.4 Others
7 GLOBAL AEROSPACE METAL CLOSED-DIE FORGING MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 The U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 The U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 The Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 The Middle East and Africa
8 GLOBAL AEROSPACE METAL CLOSED-DIE FORGING MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 Doncasters Group
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Mettis Aerospace
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 ATI
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Aequs
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 W.H.Tildesley Ltd
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Canton Drop Forge
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Development
9.7 Pacific Forge
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
10 Related Reports
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
