Asia Pacific Aerospace Forging Market Size & Outlook
Asia Pacific aerospace forging market, 2016-2027 (US$M)
Related Markets
Asia Pacific aerospace forging market highlights
- The Asia Pacific aerospace forging market generated a revenue of USD 7,637.4 million in 2020.
- The market is expected to grow at a CAGR of 8% from 2021 to 2027.
- In terms of segment, aluminum was the largest revenue generating material in 2020.
- Titanium is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2021 to 2027.
Asia Pacific data book summary
| Market revenue in 2020 | USD 7,637.4 million |
| Market revenue in 2027 | USD 13,067.6 million |
| Growth rate | 8% (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 |
| Key market players worldwide | Arconic, Larsen & Toubro Ltd DR, Berkshire Hathaway Inc Class A, Kalyani Group, Jiangyin Hengrun Heavy Industries, Bharat Forge, Scot Forge, Ellwood Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 33.2% of the global aerospace forging market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- North America is the fastest growing regional market and is projected to reach USD 13,334.2 million by 2027.
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Aerospace Forging Market Scope
Aerospace Forging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 54.09% in 2020. Horizon Databook has segmented the Asia Pacific aerospace forging market based on aluminum, steel, titanium covering the revenue growth of each sub-segment from 2016 to 2027.
As per the data released by the Asian Development Bank (ADB) in 2020, the overall economic loss for developing Asian countries is projected to range from USD 16 billion (optimistic scenario) to nearly USD 42 billion (pessimistic scenario).
The developing nations of Asia Pacific region is likely to observe weaken growth as the global GDP is projected to shrink in 2020. South East Asian and pacific countries are anticipated to witness significant losses in terms of monetary value.
The recovery from this pandemic would be largely dependent on the containment policies and relief measures taken by individual governments around the Asia Pacific region. To reduce severe impacts of pandemic, key countries of the region including China, Thailand, Malaysia, Indonesia, India, Australia, and Japan have announced plans to unleash massive amounts of fiscal stimulus.
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Our clientele includes a mix of aerospace forging market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific aerospace forging market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific aerospace forging market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Asia Pacific aerospace forging market size, by country, 2016-2027 (US$M)
Asia Pacific Aerospace Forging Market Outlook Share, 2020 & 2027 (US$M)
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