Brazil Aerospace Forging Market Size & Outlook, 2020-2027
Brazil aerospace forging market, 2016-2027 (US$M)
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Brazil aerospace forging market highlights
- The Brazil aerospace forging market generated a revenue of USD 204.3 million in 2020 and is expected to reach USD 291.8 million by 2027.
- The Brazil market is expected to grow at a CAGR of 5.2% from 2021 to 2027.
- In terms of segment, aluminum was the largest revenue generating material in 2020.
- Aluminum is the most lucrative material segment registering the fastest growth during the forecast period.
Aerospace forging market data book summary
| Market revenue in 2020 | USD 204.3 million |
| Market revenue in 2027 | USD 291.8 million |
| Growth rate | 5.2% (CAGR from 2020 to 2027) |
| Largest segment | Aluminum |
| Fastest growing segment | Aluminum |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 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, Brazil accounted for 0.9% of the global aerospace forging market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Latin America, Brazil aerospace forging market is projected to lead the regional market in terms of revenue in 2027.
- Brazil is the fastest growing regional market in Latin America 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 |
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Brazil 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 51.79% in 2020. Horizon Databook has segmented the Brazil aerospace forging market based on aluminum, steel, titanium covering the revenue growth of each sub-segment from 2016 to 2027.
As per the stats released by the IMF, the GDP of Brazil is expected to shrink by 5.8% in 2020. With emergence of coronavirus, the aerospace forging market conditions are projected to decline further owing to the weak macroeconomic environment and declining demand.
For instance, the automotive production in the country is expected to decline by more than 22% in 2020. These factors coupled with incapacitated economic policies of the country is likely to present a huge challenge for the forging market in the country.
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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 country-level data and insights on the Brazil aerospace forging market , including forecasts for subscribers. This country databook contains high-level insights into Brazil aerospace forging market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Brazil aerospace forging market size, by material, 2016-2027 (US$M)
Brazil Aerospace Forging Market Outlook Share, 2020 & 2027 (US$M)
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