Europe Aerospace Forging Market Size & Outlook, 2020-2027
Europe aerospace forging market, 2016-2027 (US$M)
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Europe aerospace forging market highlights
- The Europe aerospace forging market generated a revenue of USD 7,085.5 million in 2020.
- The market is expected to grow at a CAGR of 7.8% 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, France is expected to register the highest CAGR from 2021 to 2027.
Europe data book summary
| Market revenue in 2020 | USD 7,085.5 million |
| Market revenue in 2027 | USD 12,024.2 million |
| Growth rate | 7.8% (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, Europe region accounted for 30.8% 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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Europe 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 63.09% in 2020. Horizon Databook has segmented the Europe aerospace forging market based on aluminum, steel, titanium covering the revenue growth of each sub-segment from 2016 to 2027.
Europe is likely to witness sluggish growth for aerospace forgings demand on account of rapid spreading of the corona virus. Top economies in the region including Spain, Italy, Germany, and France has reported significant number of COVID-19 cases.
This has resulted in shutdown of various businesses excluding essential sectors. The European market is expected to witness sharp decline in 2020 and witness a sluggish growth thereafter until 2027.
The economic growth in FY 2020 likely to be further worsened by the lockdown caused by second wave pf COVID-19 pandemic with Europe expected to witness the largest GDP contraction in 2020 as compared to other regions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe aerospace forging market , including forecasts for subscribers. This continent databook contains high-level insights into Europe aerospace forging market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Europe aerospace forging market size, by country, 2016-2027 (US$M)
Europe Aerospace Forging Market Outlook Share, 2020 & 2027 (US$M)
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