Press release
Aerospace Cold Forgings Market Growth Outlook 2020 Arconic, Precision Castparts Corp, Eramet Group, Scot Forge, Bharat Forge, ATI Metal
Aerospace Cold Forgings Market
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The Major Key Players in the Market are as follows:
1. Arconic
2. Precision Castparts Corp
3. Eramet Group
4. Vsmpo-Avisma
5. Scot Forge
6. Bharat Forge
7. Shaanxi Hongyuan Aviation Forging Co Ltd
8. ATI Metal
Industry Segmentation by Application
1. Landing Gear
2. Nacelle
3. Airframe
Industry Segmentation by Platform
1. Fixed Wing [Narrow Body
2. Wide Body
3. Regional Jets
4. Fighter Jets
On the other hand, Airbus has been setting wheels in motion to assemble its latest A330neo wide-body jet in China. The company is trying to capitalize its business in the world's fastest-growing aviation markets. China itself is not far behind in the race and has already tested the first China manufactured full size commercial aircraft in 2017, a line that is anticipated to rival giants like Boeing and Airbus. Considering such a widespread growth in the aerospace manufacturing industry, it can be very decidedly concluded that the aerospace cold forgings market will earn substantial profits as the industry mainly deals in the manufacturing of airframes, landing gears and nacelles.
To present a brief overview of the burgeoning aviation industry and therefore the expanding aerospace cold forgings market, it is necessary to demonstrate the air travel pattern observed across the globe. Air travel has growth exponentially in the Asia Pacific region which would present the aerospace cold forgings industry with unprecedented opportunities and challenges. A staggering 3.8 billion air travelers had been reported by Air Transport Association (IATA) to have travelled in 2016 and this number has been predicted to reach 7.2 billion passengers by 2035 with most of the boost coming from Asia Pacific. China is set to overtake the U.S. as the largest aviation market in the world by 2024 while India will displace the U.K. at the third place near 2025.
The fact that aerospace cold forgings market stands to gain in Asia has been underlined by the recent event where Bamboo Airways of Vietnam ordered ten 787-9 Dreamliners from Boeing while VietJet ordered one hundred 737 Max planes. While the former order was priced at $3 billion, the latter came with a price tag of $12.7 billion. Remarkably, the orders come at a time when President Donald Trump of the United Sates, had been visiting Vietnam to meet with the North Korean leader, Kim Jong-Un.
Apart from APAC however, North America also stands as one of the most vital regional contributors to the global aerospace cold forgings industry. As per reports, North America aerospace cold forgings market will register a highly exponential growth rate over 2019-2025, driven by the rising presence of numerous aircraft manufacturers in the region in conjunction with the increasing demand for aircrafts subject to the enhanced service portfolio of low cost carriers. Equally important is the fact that U.S. regulators recently approved Vietnam's air-safety system, making its airlines eligible to begin direct flights to the U.S.
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With new areas of business opportunity opening up rapidly, the aerospace cold forgings market is anticipated to grow exponentially and will continue an upward trend over the coming years. As a matter of fact, the overall aerospace cold forgings market size is anticipated to surpass USD 5.5 million by 2025.
List of Charts & Figures from Aerospace Cold Forgings Market Report:
FIG 1 Industry segmentation
FIG 2 Industry landscape, 2013 - 2025 (Kilo tons) (USD Thousand)
FIG 3 Industry ecosystem analysis
FIG 4 Growth potential analysis
FIG 5 Porter's analysis
FIG 6 PESTEL analysis
FIG 7 Global market share by application, 2018 & 2025
FIG 8 Global market share by platform, 2018 & 2025
FIG 9 Global aerospace cold forging market share by region, 2018 & 2025
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