Italy Aerospace Forging Market Size & Outlook, 2020-2027
Italy aerospace forging market, 2016-2027 (US$M)
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Italy aerospace forging market highlights
- The Italy aerospace forging market generated a revenue of USD 366.7 million in 2020 and is expected to reach USD 587.9 million by 2027.
- The Italy market is expected to grow at a CAGR of 7% 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 366.7 million |
| Market revenue in 2027 | USD 587.9 million |
| Growth rate | 7% (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, Italy accounted for 1.6% 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 Europe, France aerospace forging market is projected to lead the regional market in terms of revenue in 2027.
- France is the fastest growing regional market in Europe and is projected to reach USD 2,727.0 million by 2027.
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Aerospace Forging Market Scope
Aerospace Forging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy 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 61.66% in 2020. Horizon Databook has segmented the Italy aerospace forging market based on aluminum, steel, titanium covering the revenue growth of each sub-segment from 2016 to 2027.
Italy has massive aerospace sector with annual revenue generation of USD 20 billion and 50,000 workforce. The country’s aerospace sector is the fourth largest in Europe. There are five regional players and over 300 SMEs in the aerospace sector,
The aerospace sector has strong demand for aerospace parts such as fuselage, rotary wing parts, fixed wing parts, propulsion, electronics, and assembly of parts. Some of the key companies in aerospace sector includes UTC Aerospace Systems, Thales Alenia Space, Leonardo, and Avio Aero, among others.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy aerospace forging market , including forecasts for subscribers. This country databook contains high-level insights into Italy aerospace forging market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Italy aerospace forging market size, by material, 2016-2027 (US$M)
Italy Aerospace Forging Market Outlook Share, 2020 & 2027 (US$M)
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