Global Aerospace Forging Market Size & Outlook, 2024-2030
Global aerospace forging market, 2018-2030 (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 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 2024. Horizon Databook has segmented the Global aerospace forging market based on aluminum, steel, titanium covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Aerospace Forging Material Outlook (Revenue, USD Million, 2018-2030)
- Aluminum
- Steel
- Titanium
- Others
- Global Aerospace Forging Aircraft Outlook (Revenue, USD Million, 2018-2030)
- 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 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global aerospace forging market size, by regions, 2018-2030 (US$M)
Top 10 countries: Aerospace forging market size, 2024 (US$M)
Global aerospace forging market share, by material, 2024 & 2030 (%, US$M)
Aerospace forging market: Opportunity assessment by country
Global aerospace forging market, by region, 2024 (US$M)
| Material | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 10,458.1 | 9,649.6 | 7,792.9 | 7,954.4 | 8,223.7 | 8,552.9 | 8,936.4 | 9,360.2 | 9,825.3 | 10,330.6 | 10,943.3 | 11,986.2 | 12,377.1 | 5.8% |
| Europe | 9,557.8 | 8,791.5 | 7,085.5 | 7,221.4 | 7,454.5 | 7,740.8 | 8,075.3 | 8,444.9 | 8,850.2 | 9,315.7 | 9,827.9 | 10,513.6 | 11,078.3 | 5.6% |
| Asia Pacific | 8,953.6 | 9,041.0 | 7,637.4 | 7,791.6 | 8,046.8 | 8,359.3 | 8,721.6 | 9,119.4 | 9,553.1 | 10,124.0 | 10,588.2 | 12,022.1 | 11,904.0 | 5.5% |
| Latin America | 407.0 | 400.8 | 329.8 | 327.6 | 329.2 | 332.7 | 337.4 | 342.7 | 348.6 | 361.8 | 363.5 | 423.0 | 383.4 | 2.3% |
| MEA | 217.7 | 215.8 | 179.3 | 179.8 | 182.5 | 186.2 | 190.8 | 195.9 | 201.5 | 210.4 | 215.1 | 259.6 | 232.6 | 3.5% |
| Overall | 29,594.2 | 28,098.5 | 23,024.9 | 23,474.8 | 24,236.6 | 25,171.9 | 26,261.5 | 27,463.1 | 28,778.6 | 30,342.5 | 31,938.0 | 35,204.5 | 35,975.4 | 5.6% |
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