Forging refers to the process of manufacturing that involves the shaping of metal using localized compressive forces. The process of forging aerospace components consists of metalworking and machining techniques such as hot forging, broaching, drilling, grinding, threading, brazing, sawing, and welding. The different processes are used for the production of an aircraft engine that includes electroplating, heat treating, isothermal, metal finishing, and others. Approximately 15,000-18,000 forged components and parts are used within a single airplane. The forged products enhance the efficiency of the engines, landing gears, aerostructures, and ultimately, the entire aircraft.This growth is primarily driven by The Introduction of Next-generation Aircraft is Expected to Contribute Heavily Towards Booming the Market
|Value Unit||USD (Million)|
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The Aerospace & Defense sector in the region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region.
Major Manufacturers, such as All Metals & Forge Group (United States), Allegheny Technologies Incorporated (United States), Doncasters Group Ltd (United Kingdom), Farinia Group (France), LISI Group (France), Otto Fuchs KG (Germany), Pacific Forge Incorporated (United States) and Precision Castparts Corp (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2019, Blue Point Capital Partners acquired Mattco Forge Inc., a manufacturer of forged-metal products primarily for the aerospace and defense sectors. Paramount, Calif.-based Mattco offers a wide range of products and customized product configurations in various metal alloys that are critical to high-performance parts.
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, mainly in terms of microstructure homogeneity and external health of the parts.Aircraft Engine Forging market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
High Inclination Towards Forging of an Aircraft Engine to Make it Perform During Harsh Environment and Increase in the Initiatives By the Governments For Enhancing the Aircraft Fleet
Market Growth Drivers:
The Introduction of Next-generation Aircraft is Expected to Contribute Heavily Towards Booming the Market, Rising Production Capacity of Aircraft with a Continuous Rise in Air Traffic and With more Production of Airplanes and Others
Lack of Skilled Workers
Cyclic Changes Occurring Near Commercial Aircraft
Potential Demand From emerging Countries and Increasing Upgradation and Replacement of Old Aircraft With New Generation Aircraft
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Aircraft Engine Forging Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Aircraft Engine Forging Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Aircraft Engine Forging players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Aircraft Engine Forging Study Sheds Light on
The Aircraft Engine Forging Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aircraft Engine Forging industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aircraft Engine Forging industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.