India Aerospace Forging Market Size & Outlook, 2020-2027
India aerospace forging market, 2016-2027 (US$M)
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India aerospace forging market highlights
- The India aerospace forging market generated a revenue of USD 1,027.5 million in 2020 and is expected to reach USD 1,781.0 million by 2027.
- The India market is expected to grow at a CAGR of 8.2% 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 1,027.5 million |
| Market revenue in 2027 | USD 1,781.0 million |
| Growth rate | 8.2% (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, India accounted for 4.5% 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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India 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 55.56% in 2020. Horizon Databook has segmented the India aerospace forging market based on aluminum, steel, titanium covering the revenue growth of each sub-segment from 2016 to 2027.
Spread of COVID-19 is likely to affect the country’s growth over the short term. More than 40 days of lockdown in the country is anticipated to impact the manufacturing sector of the country over the shortterm period.
Although, government of India is devising various strategies to minimize the impact of pandemic on its overall GDP growth. Thus, efforts by the government is likely to positively influence the manufacturing sector of the country, leading to a steady demand for forged products over the long-term period.
Additionally, as per the IMF, the Indian economy is expected to contract by 10.3% in 2020, while it is predicted to rebound to the astounding positive growth rate of 8.8% in 2021, making India the fastest growing economy in the world.
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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 India aerospace forging market , including forecasts for subscribers. This country databook contains high-level insights into India aerospace forging market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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India aerospace forging market size, by material, 2016-2027 (US$M)
India Aerospace Forging Market Outlook Share, 2020 & 2027 (US$M)
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