China Aerospace Forging Market Size & Outlook, 2020-2027
China aerospace forging market, 2016-2027 (US$M)
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China aerospace forging market highlights
- The China aerospace forging market generated a revenue of USD 3,547.4 million in 2020 and is expected to reach USD 6,228.1 million by 2027.
- The China market is expected to grow at a CAGR of 8.4% 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.
Aerospace forging market data book summary
| Market revenue in 2020 | USD 3,547.4 million |
| Market revenue in 2027 | USD 6,228.1 million |
| Growth rate | 8.4% (CAGR from 2020 to 2027) |
| Largest segment | Aluminum |
| Fastest growing segment | Titanium |
| 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, China accounted for 15.4% 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 Asia Pacific, China aerospace forging market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 6,228.1 million by 2027.
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Aerospace Forging Market Scope
Aerospace Forging Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 54.38% in 2020. Horizon Databook has segmented the China aerospace forging market based on aluminum, steel, titanium covering the revenue growth of each sub-segment from 2016 to 2027.
China is the largest producer and consumer of forged products globally. It accounted for 14.9% of the global revenue share in 2019 and is projected to advance at a CAGR of 4.2% from 2020 to 2027.
China exports a large number of forged products to American and European markets. However, low profit margin and high cost of machinery have impacted the small & medium sized forging businesses in the recent past.
China is the epicenter of corona virus outbreak in 2020. Being a leading manufacturing hub in the world, it is likely to witness sizable impact over the short term. Due to weakened demand, inventory stock increasing in the country for steel and other metal products.
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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 country-level data and insights on the China aerospace forging market , including forecasts for subscribers. This country databook contains high-level insights into China aerospace forging market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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China aerospace forging market size, by material, 2016-2027 (US$M)
China Aerospace Forging Market Outlook Share, 2020 & 2027 (US$M)
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