Aircraft Engine Forging Market Size & Forecast Report by 2028
The aircraft engine forging market is projected to reach US$ 3,260.77 million by 2028 from US$ 2,145.80 million in 2021; it is expected to grow at a CAGR of 6.2% from 2021 to 2028.
According to the International Air Transport Association, air passengers are expected to quadruple over the next two decades. ~8.2 billion passengers are expected to have traveled by air by 2037. With rising passenger traffic, major aircraft manufacturers such as Airbus and Boeing expect to see a rise in their commercial aircraft deliveries in the coming years. Thus, a surge in air passenger traffic across various countries is a key factor driving the aircraft engine forging market. Additionally, the aircraft production capacity continues to increase in response to the rise in air traffic and the introduction of next-generation aircraft. The surge in the manufacturing of aircraft would further boost the aircraft engine forging businesses. The process of forging aircraft engine components includes metalworking and machining techniques such as closed die forging, seamless die forging, and isothermal forging.
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Aircraft Engine Forging Market: Strategic Insights
Market Size Value in US$ 2,145.80 million in 2021 Market Size Value by US$ 3,260.77 million by 2028 Growth rate CAGR of 6.2% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Aircraft Engine Forging Market: Strategic Insights
| Market Size Value in | US$ 2,145.80 million in 2021 |
| Market Size Value by | US$ 3,260.77 million by 2028 |
| Growth rate | CAGR of 6.2% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Aircraft Engine Forging Market
The US has witnessed the most severe impact of COVID-19 in 2020 and 2021. The aircraft engine manufacturers and engine component manufacturers in the country were affected due to nationwide lockdowns and travel restrictions, shut down of production facilities, and shortage of employees. The massive outbreak of the virus has created both a health crisis and an economic crisis in the US. It has led to major disruptions in the aerospace industry, impacting everything from supply chain and manufacturing to product sales. The pandemic has directly and indirectly impacted the industry’s short term and long term strategies.
Market Insights – Aircraft Engine Forging Market
North America has experienced a rise in demand for aircraft engines due to the early and rapid adoption of technologically advanced airplane engines. The booming aerospace and defense aviation business in the region encourages aircraft engine manufacturers to provide technologically innovative and efficient products for various aircraft types. The aircraft engine industry in North America is likely to be driven by rising demand for these engines and the presence of several major competitors, including General Electric Company, Honeywell International Inc., Collins Aerospace, and Pratt & Whitney. These companies undertake vigorous R&D activities to expand their product lines and manufacture aircraft engines with technologically improved systems, subsystems, and other components. Thus, the growth of the aircraft engine industry is supporting the growth of the aircraft engine forging market across North America.
Material Type-Based Insights
Based on material type, the aircraft engine forging market share is segmented into titanium alloy and nickel alloy. The nickel alloy accounted for the higher share in 2020. Numerous forging companies operating in the aerospace industry (irrespective of engine or structural parts) are more inclined towards the use of super nickel alloys. These materials come with high-temperature and heat-resistant properties. The nickel alloys are utilized in gas turbines for building energetics, blades, on rotors, turbo, and turbine aircraft engines, steam turbines, propelling nozzles, process equipment, valves, pumps, and other parts which must endure during critical environments. Nickel alloys are ideal for the environments where the temperature is in access of 1000 degrees F. Henceforth, in an aircraft engine, nickel alloys are used in combustion chamber and turbine. Pertaining to temperature is high in the rear half section, an iron-based or nickel-based alloy is used in an aircraft engine. Demand for nickel alloy is extremely high in both closed and open die forging techniques. For instance, Aubert & Duval has recently developed AD730. It is a new nickel-based superalloy which withstands during higher temperatures 1,350°F while holding strength, fatigue resistance, and creep at a competitive cost.
The aircraft engine forging market is segmented on the basis of forging type, material type, end-user, and geography. Based on type, the aircraft engine forging market is bifurcated into closed die forging and seamless rolled ring forging. Based on material type, the market is subsegmented into nickel alloys and titanium alloys. Based on end user, the market is further segmented into fan case, combustion chamber outer case, turbine disc, rotors, and others. On the basis of geography, the aircraft engine forging market size is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America. All Metals & Forge Group, ATI Metals, Doncasters Group Ltd, Farinia Group, Lisi Aerospace, Otto Fuchs GmbH, Pacific Forge Incorporated, and Precision Castparts Corp. are among the key players that are profiled during the study of the aircraft engine forging market.
Aircraft Engine Forging Market Report Scope
Players operating in the aircraft engine forging market are mainly focused on the development of advanced and efficient products.
- In 2019, Doncasters sold its two businesses with operations in Sheffield, Shrewsbury, and Blaenavon. Blaenavon Forgings is sold to a US private equity firm Arlington Capital Partners and its UK Fabrications business to Radius Aerospace.
- In 2018, LISI Aerospace developed “hot dies” forging technology at its Forges de Bologne plant. This new concept helps to maintain the productivity of conventional forging while achieving a metallurgical quality close to that of isothermal forgings i.e., forging installation operating at 1,250/1,300°C, in terms of microstructure homogeneity and external health of the parts.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Forging Type, Material Type, Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Brazil, Canada, China, France, Germany, India, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global aviation industry is experiencing huge demand for air travel, for both military and commercial purposes. This is leading the aircraft manufacturers to procure the latest aircraft models, and models and adopt new and robust technologies. Therefore, the production of the next generation of aircraft is expected to be one of the key trends in the aviation industry in the future. The trend is predicted to pitch over the period, leading to huge opportunities for the proliferation of aircraft component forging players
China dominated the APAC aircraft engine forging market in 2020. With a rising population in China, the adoption of air transportation is also growing. The plan of China related to the procurement of new helicopters is increased by 9%, which provides more opportunities to the engine forging companies. The aviation industry is among the top ten key areas of focus in the “Made in China 2025†initiative. To achieve this pre-determined goal, the country is heavily dependent on imported engines, avionics, and other critical components/parts. These ‘one-generation-behind’ new aircraft are projected to assist in the growth of China.
ATI Metals, Safran, Precision Castparts Corp., Arconic, and Otto Fuchs are the five key market players operating in the global aircraft engine forging market. We have derived this listing of “Key Five Players†in the global aircraft engine forging market by giving weightage to the following key parameters: overall revenue, segmental revenue, brand image & industry experience, current geotechnical construction services portfolio, customer base, geographical reach, partnerships, mergers & acquisitions, and other market-related activities.
The aircraft engine forging market is dominated by closed die forging segment which held a market share of 62.5% in 2020 and is anticipated to continue its dominance during the forecast period to account for 58.4% of the aircraft engine forging market share by 2028.
The rise in the manufacturing of aircraft is directly magnifying the demand for aircraft engines over years. Additionally, airlines, aircraft operators, armed forces, and charter operators are likely to boost the demand for new engines as part of their fleet modernization and growth plans. The growing need for a new generation of engines with low emissions and weight, which would improve airplane fuel efficiency, is also contributing to the aircraft engine forging market proliferation.
North America held the largest share of the global aircraft engine forging market. North America has experienced a rise in demand for aircraft engines due to the early and rapid adoption of technologically advanced airplane engines. The booming aerospace and defense aviation business in the region encourages aircraft engine manufacturers to provide technologically innovative and efficient products for various aircraft types. The aircraft engine industry in North America is likely to be driven by rising demand for these engines and the presence of several major competitors, including General Electric Company, Honeywell International Inc., Collins Aerospace, and Pratt & Whitney. These companies undertake vigorous R&D activities to expand their product lines and manufacture aircraft engines with technologically improved systems, subsystems, and other components. Thus, the growth of the aircraft engine industry is supporting the growth of the aircraft engine forging market across North America.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Aircraft Engine Forging Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers:
4.2.1.1 Aerospace Manufacturing Sector is Consistently Growing
4.2.2 Bargaining Power of Suppliers:
4.2.2.1 Supplier Concentration is Moderately Growing
4.2.3 Threats to Substitutes:
4.2.3.1 Centrifugal Casting is a Key Substitute to Forging
4.2.4 Threats of New Entrants:
4.2.4.1 Low CAPEX Facilitates New Players to Enter the Market
4.2.5 Competitive Rivalry:
4.2.5.1 Well-established and Smaller Players Operate in the Market
4.3 Aircraft Engine Forging Market – Ecosystem Analysis:
4.4 Expert Opinions
5. Aircraft Engine Forging Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increase in Aircraft Engine Production
5.1.2 Rise in Adoption of Nickel-Based Superalloys
5.2 Market Restraints
5.2.1 Discontinuation of Quad-jets by Aircraft Manufacturers
5.3 Opportunities
5.3.1 Utilization of Used Serviceable Material (USM) is Stimulating the Aircraft Engine Forging Demand
5.4 Future Trends
5.4.1 Fabrication of Next Generation Aircraft
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft Engine Forging Market – Global Market Analysis
6.1 Overview
6.2 Global: Aircraft Engine Forging Market Revenue and Forecasts To 2028 (US$ Mn)
6.3 Market Positioning – Global Top 5 Players Ranking
7. Global: Aircraft Engine Forging Market Analysis – By Forging Type
7.1 Overview
7.2 Global: Aircraft Engine Forging Market Breakdown, By Forging Type, 2020 & 2028
7.3 Closed Die Forging
7.3.1 Overview
7.3.2 Closed Die Forging: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
7.4 Seamless Rolled Ring
7.4.1 Overview
7.4.2 Seamless Rolled Ring Forging: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
8. Aircraft Engine Forging Market Analysis – By Material Type
8.1 Overview
8.2 Aircraft Engine Forging Market Breakdown, By Material Type, 2020 & 2028
8.3 Nickel Alloys
8.3.1 Overview
8.3.2 Nickel Alloys: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
8.4 Titanium Alloys
8.4.1 Overview
8.4.2 Titanium Alloys: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
9. Aircraft Engine Forging Market Revenue and Forecasts to 2028 –By Application
9.1 Overview
9.2 Aircraft Engine Forging Market Breakdown, By Application, 2020 & 2028
9.3 Rotor
9.3.1 Overview
9.3.2 Rotor: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
9.4 Turbine Disc
9.4.1 Overview
9.4.2 Turbine Disc: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
9.5 Combustion Chamber Outer Case
9.5.1 Overview
9.5.2 Combustion Chamber Outer Case: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
9.6 Fan Case
9.6.1 Overview
9.6.2 Fan Case: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 Others: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10. Global: Aircraft Engine Forging Market – Geographic Analysis
10.1 Overview
10.2 North America: Aircraft Engine Forging Market Revenue and Forecasts to 2028
10.2.1 North America: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.2 North America: Aircraft Engine Forging Market Breakdown, By Forging Type
10.2.3 North America: Aircraft Engine Forging Market Breakdown, By Material Type
10.2.4 North America: Aircraft Engine Forging Market Breakdown, By Application
10.2.5 North America: Aircraft Engine Forging Market Breakdown, By Key Country
10.2.5.1 US: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.5.1.1 US: Aircraft Engine Forging Market Breakdown, By Forging Type
10.2.5.1.2 US: Aircraft Engine Forging Market Breakdown, By Material Type
10.2.5.1.3 US: Aircraft Engine Forging Market Breakdown, By Application
10.2.5.2 Canada: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.5.2.1 Canada: Aircraft Engine Forging Market Breakdown, By Forging Type
10.2.5.2.2 Canada: Aircraft Engine Forging Market Breakdown, By Material Type
10.2.5.2.3 Canada: Aircraft Engine Forging Market Breakdown, By Application
10.2.5.3 Mexico: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.2.5.3.1 Mexico: Aircraft Engine Forging Market Breakdown, By Forging Type
10.2.5.3.2 Mexico: Aircraft Engine Forging Market Breakdown, By Material Type
10.2.5.3.3 Mexico: Aircraft Engine Forging Market Breakdown, By Application
10.3 Europe: Aircraft Engine Forging Market Revenue and Forecasts To 2028
10.3.1 Europe: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.3.2 Europe: Aircraft Engine Forging Market Breakdown by Forging Type
10.3.3 Europe: Aircraft Engine Forging Market Breakdown by Material Type
10.3.4 Europe: Aircraft Engine Forging Market Breakdown by Application
10.3.5 Europe: Aircraft Engine Forging Market Breakdown, by Key Countries
10.3.5.1 Germany: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.3.5.1.1 Germany: Aircraft Engine Forging Market Breakdown by Forging Type
10.3.5.1.2 Germany: Aircraft Engine Forging Market Breakdown by Material Type
10.3.5.1.3 Germany: Aircraft Engine Forging Market Breakdown by Application
10.3.5.2 France: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.3.5.2.1 France: Aircraft Engine Forging Market Breakdown by Forging Type
10.3.5.2.2 France: Aircraft Engine Forging Market Breakdown by Material Type
10.3.5.2.3 France: Aircraft Engine Forging Market Breakdown by Application
10.3.5.3 UK: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.3.5.3.1 UK: Aircraft Engine Forging Market Breakdown by Forging Type
10.3.5.3.2 UK: Aircraft Engine Forging Market Breakdown by Material Type
10.3.5.3.3 UK: Aircraft Engine Forging Market Breakdown by Application
10.3.5.4 Russia: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.3.5.4.1 Russia: Aircraft Engine Forging Market Breakdown by Forging Type
10.3.5.4.2 Russia: Aircraft Engine Forging Market Breakdown by Material Type
10.3.5.4.3 Russia: Aircraft Engine Forging Market Breakdown by Application
10.3.5.5 Rest of Europe: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.3.5.5.1 Rest of Europe: Aircraft Engine Forging Market Breakdown by Forging Type
10.3.5.5.2 Rest of Europe: Aircraft Engine Forging Market Breakdown by Material Type
10.3.5.5.3 Rest of Europe: Aircraft Engine Forging Market Breakdown by Application
10.4 APAC: Aircraft Engine Forging Market Revenue and Forecasts To 2028
10.4.1 APAC: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.4.2 APAC: Aircraft Engine Forging Market Breakdown by Forging Type
10.4.3 APAC: Aircraft Engine Forging Market Breakdown by Material Type
10.4.4 APAC: Aircraft Engine Forging Market Breakdown by Application
10.4.5 APAC: Aircraft Engine Forging Market Breakdown, by Key Countries
10.4.5.1 China: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.4.5.1.1 China: Aircraft Engine Forging Market Breakdown by Forging Type
10.4.5.1.2 China: Aircraft Engine Forging Market Breakdown by Material Type
10.4.5.1.3 China: Aircraft Engine Forging Market Breakdown by Application
10.4.5.2 India: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.4.5.2.1 India: Aircraft Engine Forging Market Breakdown by Forging Type
10.4.5.2.2 India: Aircraft Engine Forging Market Breakdown by Material Type
10.4.5.2.3 India: Aircraft Engine Forging Market Breakdown by Application
10.4.5.3 Japan: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.4.5.3.1 Japan: Aircraft Engine Forging Market Breakdown by Forging Type
10.4.5.3.2 Japan: Aircraft Engine Forging Market Breakdown by Material Type
10.4.5.3.3 Japan: Aircraft Engine Forging Market Breakdown by Application
10.4.5.4 South Korea: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.4.5.4.1 South Korea: Aircraft Engine Forging Market Breakdown by Forging Type
10.4.5.4.2 South Korea: Aircraft Engine Forging Market Breakdown by Material Type
10.4.5.4.3 South Korea: Aircraft Engine Forging Market Breakdown by Application
10.4.5.5 Rest of APAC: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.4.5.5.1 Rest of APAC: Aircraft Engine Forging Market Breakdown by Forging Type
10.4.5.5.2 Rest of APAC: Aircraft Engine Forging Market Breakdown by Material Type
10.4.5.5.3 Rest of APAC: Aircraft Engine Forging Market Breakdown by Application
10.5 Middle East and Africa: Aircraft Engine Forging Market Revenue and Forecasts To 2028
10.5.1 MEA: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.5.2 MEA: Aircraft Engine Forging Market Breakdown, By Forging Type
10.5.3 MEA: Aircraft Engine Forging Market Breakdown, By Material Type
10.5.4 MEA: Aircraft Engine Forging Market Breakdown, By Application
10.5.5 MEA: Aircraft Engine Forging Market Breakdown, By Key Country
10.5.5.1 Saudi Arabia: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.5.5.1.1 Saudi Arabia: Aircraft Engine Forging Market Breakdown, By Forging Type
10.5.5.1.2 Saudi Arabia: Aircraft Engine Forging Market Breakdown, By Material Type
10.5.5.1.3 Saudi Arabia: Aircraft Engine Forging Market Breakdown, By Application
10.5.5.2 UAE: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.5.5.2.1 UAE: Aircraft Engine Forging Market Breakdown, By Forging Type
10.5.5.2.2 UAE: Aircraft Engine Forging Market Breakdown, By Material Type
10.5.5.2.3 UAE: Aircraft Engine Forging Market Breakdown, By Application
10.5.5.3 South Africa: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.5.5.3.1 South Africa: Aircraft Engine Forging Market Breakdown, By Forging Type
10.5.5.3.2 South Africa: Aircraft Engine Forging Market Breakdown, By Material Type
10.5.5.3.3 South Africa: Aircraft Engine Forging Market Breakdown, By Application
10.5.5.4 Rest of MEA: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.5.5.4.1 Rest of MEA: Aircraft Engine Forging Market Breakdown, By Forging Type
10.5.5.4.2 Rest of MEA: Aircraft Engine Forging Market Breakdown, By Material Type
10.5.5.4.3 Rest of MEA: Aircraft Engine Forging Market Breakdown, By Application
10.6 South America: Aircraft Engine Forging Market Revenue and Forecasts To 2028
10.6.1 South America: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.6.2 South America: Aircraft Engine Forging Market Breakdown, By Forging Type
10.6.3 South America: Aircraft Engine Forging Market Breakdown, By Material Type
10.6.4 South America: Aircraft Engine Forging Market Breakdown, By Application
10.6.5 South America: Aircraft Engine Forging Market Breakdown, By Key Country
10.6.5.1 Brazil: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.6.5.1.1 Brazil: Aircraft Engine Forging Market Breakdown, By Forging Type
10.6.5.1.2 Brazil: Aircraft Engine Forging Market Breakdown, By Material Type
10.6.5.1.3 Brazil: Aircraft Engine Forging Market Breakdown, By Application
10.6.5.2 Rest of SAM: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.6.5.2.1 Rest of SAM: Aircraft Engine Forging Market Breakdown, By Forging Type
10.6.5.2.2 Rest of SAM: Aircraft Engine Forging Market Breakdown, By Material Type
10.6.5.2.3 Rest of SAM: Aircraft Engine Forging Market Breakdown, By Application
11. Aircraft Engine Forging Market - COVID-19 Impact Analysis
11.1 Overview
11.1.1 North America: Impact Assessment of COVID-19 Pandemic
11.1.2 Europe: Impact Assessment of COVID-19 Pandemic
11.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.1.5 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 All Metals & Forge Group
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 OTTO FUCHS KG
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Pacific Forge Incorporated
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Precision Castparts Corp.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Safran
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 VSMPO-AVISMA Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Farinia Group
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Doncasters Group
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 LISI GROUP
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Allegheny Technologies Incorporated
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. Global Aerospace engine forging market Revenue and Forecasts to 2028 (US$ Mn)
Table 2. North America: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 3. North America: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 4. North America: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 5. North America Aircraft Engine Forging Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 6. US: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 7. US: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 8. US: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 9. Canada: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 10. Canada: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 11. Canada: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 12. Mexico: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 13. Mexico: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 14. Mexico: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 15. Europe: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 16. Europe: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 17. Europe: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 18. Europe Aircraft Engine Forging Market, by Country – Revenue and Forecast to 2028 (US$ Mn)
Table 19. Germany: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 20. Germany: Aircraft Engine Forging Market Revenue and Forecasts to 2028 –By Material Type (US$ Mn)
Table 21. Germany: Aircraft Engine Forging Market Revenue and Forecasts to 2028 –By Application (US$ Mn)
Table 22. France: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 23. France: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 24. France: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 25. UK: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 26. UK: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 27. UK: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 28. Russia: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 29. Russia: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 30. Russia: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 31. Rest Of Europe: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 32. Rest of Europe: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 33. Rest of Europe: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 34. APAC: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 35. APAC: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 36. APAC: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 37. APAC Aircraft Engine Forging Market, by Country – Revenue and Forecast to 2028 (US$ Mn)
Table 38. China: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 39. China: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 40. China: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 41. India: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 42. India: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 43. India: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 44. Japan: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 45. Japan: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 46. Japan: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 47. South Korea: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 48. South Korea: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 49. South Korea: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 50. Rest of APAC: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 51. Rest of APAC: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 52. Rest of APAC: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 53. MEA: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 54. MEA: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 55. MEA: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 56. MEA Aircraft Engine Forging Market, by Country – Revenue and Forecast to 2028 (US$ Mn)
Table 57. Saudi Arabia: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 58. Saudi Arabia: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 59. Saudi Arabia: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 60. UAE: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 61. UAE: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 62. UAE: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 63. South Africa: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 64. South Africa: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 65. South Africa: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 66. Rest of MEA: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 67. Rest of MEA: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 68. Rest of MEA: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 69. South America: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 70. South America: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 71. South America: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 72. MEA Aircraft Engine Forging Market, by Country – Revenue and Forecast to 2028 (US$ Mn)
Table 73. Brazil: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 74. Brazil: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 75. Brazil: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 76. Rest of SAM: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 77. Rest of SAM: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 78. Rest of SAM: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 79. Glossary of Terms, Aircraft Engine Forging Market
LIST OF FIGURES
Figure 1. Aircraft Engine Forging Market Segmentation
Figure 2. Aircraft Engine Forging Market Segmentation - Geography
Figure 3. Aircraft Engine Forging Market Overview
Figure 4. Aircraft Engine Forging Market, by Material Type
Figure 5. Aircraft Engine Forging Market, by Forging Type
Figure 6. Aircraft Engine Forging Market, by Geography
Figure 7. Aircraft Engine Forging Market - Porter’s Five Forces Analysis
Figure 8. Impact Analysis of Drivers and Restraints: Aircraft Engine Forging Market
Figure 9. Global: Aircraft Engine Forging Market
Figure 10. Global: Aircraft Engine Forging Market Revenue and Forecasts To 2028 (US$ Mn)
Figure 11. Global: Aircraft Engine Forging Market Breakdown, By Forging Type, 2020 & 2028 (%)
Figure 12. Closed Die Forging: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 13. Seamless Rolled Ring Forging: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. Aircraft Engine Forging Market Breakdown, By Material Type, 2020 & 2028 (%)
Figure 15. Nickel Alloys: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. Titanium Alloys: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. Aircraft Engine Forging Market Breakdown, By Application, 2020 & 2028 (%)
Figure 18. Rotor: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. Turbine Disc: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. Combustion Chamber Outer Case: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. Fan Case: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. Others: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 23. Aircraft Engine Forging Market, Global Breakdown, by regions, 2020 & 2028 (%)
Figure 24. North America: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. North America: Aircraft Engine Forging Market Breakdown, By Forging Type, 2020 & 2028 (%)
Figure 26. North America: Aircraft Engine Forging Market Breakdown, By Material Type, 2020 & 2028 (%)
Figure 27. North America: Aircraft Engine Forging Market Breakdown, By Application, 2020 & 2028 (%)
Figure 28. North America: Aircraft Engine Forging Market Breakdown, By Key Country, 2020 & 2028(%)
Figure 29. US: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 30. Canada: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 31. Mexico: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 32. Europe: Aircraft Engine Forging Market Revenue and Forecasts To 2028 (US$ Mn)
Figure 33. Europe: Aircraft Engine Forging Market Breakdown, By Forging Type, 2020 & 2028 (%)
Figure 34. Europe: Aircraft Engine Forging Market Breakdown, By Material Type, 2020 & 2028 (%)
Figure 35. Europe: Aircraft Engine Forging Market Breakdown, By Application, 2020 & 2028 (%)
Figure 36. Europe: Aircraft Engine Forging Market Breakdown, By Key Countries, 2020 & 2028(%)
Figure 37. Germany: Aircraft Engine Forging Market Revenue and Forecasts To 2028 (US$ Mn)
Figure 38. France: Aircraft Engine Forging Market Revenue and Forecasts To 2028 (US$ Mn)
Figure 39. UK: Aircraft Engine Forging Market Revenue and Forecasts To 2028 (US$ Mn)
Figure 40. Russia: Aircraft Engine Forging Market Revenue and Forecasts To 2028 (US$ Mn)
Figure 41. Rest of Europe: Aircraft Engine Forging Market Revenue and Forecasts To 2028 (US$ Mn)
Figure 42. APAC: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 43. APAC: Aircraft Engine Forging Market Breakdown by Forging Type, 2020 & 2028 (%)
Figure 44. APAC: Aircraft Engine Forging Market Breakdown by Material Type, 2020 & 2028 (%)
Figure 45. APAC: Aircraft Engine Forging Market Breakdown by Application, 2020 & 2028 (%)
Figure 46. APAC: Aircraft Engine Forging Market Breakdown by Key Countries, 2020 & 2028(%)
Figure 47. China: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 48. India: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 49. Japan: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 50. South Korea: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 51. Rest of APAC: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 52. MEA: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 53. MEA: Aircraft Engine Forging Market Breakdown, By Forging Type, 2020 & 2028 (%)
Figure 54. MEA: Aircraft Engine Forging Market Breakdown, By Material Type, 2020 & 2028 (%)
Figure 55. MEA: Aircraft Engine Forging Market Breakdown, By Application, 2020 & 2028 (%)
Figure 56. MEA: Aircraft Engine Forging Market Breakdown, By Key Country, 2020 & 2028(%)
Figure 57. Saudi Arabia: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 58. UAE: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 59. South Africa: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 60. Rest of MEA: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 61. South America: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 62. South America: Aircraft Engine Forging Market Breakdown, By Forging Type, 2020 & 2028 (%)
Figure 63. South America: Aircraft Engine Forging Market Breakdown, By Material Type, 2020 & 2028 (%)
Figure 64. South America: Aircraft Engine Forging Market Breakdown, By Application, 2020 & 2028 (%)
Figure 65. South America: Aircraft Engine Forging Market Breakdown, By Key Country, 2020 & 2028(%)
Figure 66. Brazil: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 67. Rest of SAM: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 68. Impact of COVID-19 Pandemic in North America Country Markets
Figure 69. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 70. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 71. Impact of COVID-19 Pandemic in Middle East and Africa Countries
Figure 72. Impact of COVID-19 Pandemic in South America Countries
The List of Companies - Aircraft Engine Forging Market
- All Metals and Forge Group
- ATI
- Doncaster Group Ltd
- Farinia Group
- Lisi Aerospace
- Otto Fuchs GmbH
- Pacific Forge Incorporated
- Precision Castparts Corp.
- Safran
- VSMPO-AVISMA Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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