Global Aerospace Forging Market Size & Outlook
The aerospace forging industry worldwide is expected to reach a projected revenue of US$ 39,164.5 million by 2027. A compound annual growth rate of 7.9% is expected of the worldwide aerospace forging industry from 2021 to 2027.
Revenue, 2020 (US$M)
$23,024.9
Forecast, 2027 (US$M)
$39,164.5
CAGR, 2021 - 2027
7.9%
Report Coverage
Worldwide
Global aerospace forging market, 2016-2027 (US$M)
Related Markets
Global aerospace forging market highlights
- The global aerospace forging market generated a revenue of USD 23,024.9 million in 2020 and is expected to reach USD 39,164.5 million by 2027.
- The market is expected to grow at a CAGR (2021 - 2027) of 7.9% by 2027.
- In terms of segment, aluminum accounted for a revenue of USD 13,878.0 million in 2020.
- Titanium is the most lucrative material segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2020.
- Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2027.
Global data book summary
| Market revenue in 2020 | USD 23,024.9 million |
| Market revenue in 2027 | USD 39,164.5 million |
| Growth rate | 7.9% (CAGR from 2020 to 2027) |
| Largest segment | Aluminum |
| Fastest growing segment | Titanium |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aluminum, Steel, Titanium |
Other key industry trends
- In terms of revenue, the North America accounted for 33.8% of the global aerospace forging market in 2020.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2027.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 291.8 million by 2027.
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Aerospace Forging Market Scope
Aerospace forging market segmentation & scope
Aerospace Forging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global aerospace forging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerospace forging market will help companies and investors design strategic landscapes.
aluminum was the largest segment with a revenue share of 60.27% in 2020. Horizon Databook has segmented the Global aerospace forging market based on aluminum, steel, titanium covering the revenue growth of each sub-segment from 2016 to 2027.
- Global Aerospace Forging Material Outlook (Revenue, USD Million, 2016-2027)
- Aluminum
- Steel
- Titanium
- Others
- Global Aerospace Forging Aircraft Outlook (Revenue, USD Million, 2016-2027)
- Commercial
- Military
- Others
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Our clientele includes a mix of aerospace forging market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global aerospace forging market , including forecasts for subscribers. This global databook contains high-level insights into Global aerospace forging market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Global aerospace forging market statistics, by region, 2016-2027 (US$M)
Top 10 countries: Aerospace forging market size, 2020 (USD Million)
Top 10 countries: Aerospace forging market size, 2020 (USD Million)
Global aerospace forging market, by region, 2020 (US$M)
Related regional statistics
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