Japan Aerospace Forging Market Size & Outlook, 2020-2027
Japan aerospace forging market, 2016-2027 (US$M)
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Japan aerospace forging market highlights
- The Japan aerospace forging market generated a revenue of USD 652.1 million in 2020 and is expected to reach USD 1,109.0 million by 2027.
- The Japan market is expected to grow at a CAGR of 7.9% 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 652.1 million |
| Market revenue in 2027 | USD 1,109.0 million |
| Growth rate | 7.9% (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, Japan accounted for 2.8% 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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Japan 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 55.74% in 2020. Horizon Databook has segmented the Japan aerospace forging market based on aluminum, steel, titanium covering the revenue growth of each sub-segment from 2016 to 2027.
Japan held a volume share of 7.9% of the Asia Pacific aerospace forging market in 2019. The growth of aerospace forging demand in the country is expected to remain low across the forecast period, owing to factors such as huge impact from COVID-19 and mature end-use industries.
The country’s economic growth shrank, reporting a GDP growth of -28.1% in second quarter of 2020. This fall can mainly be attributed to the capital expenditure that was hard hit owing to COVID-19. The country is recovering from the slump as the end-use industries resume their operations.
Also, the impact of COVID-19 pandemic remains slightly less in Japan as it ranks 52nd in the world, in terms of most corona virus cases. However, the cases continue to rise in the country, which is concerning factor.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan aerospace forging market , including forecasts for subscribers. This country databook contains high-level insights into Japan aerospace forging market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Japan aerospace forging market size, by material, 2016-2027 (US$M)
Japan Aerospace Forging Market Outlook Share, 2020 & 2027 (US$M)
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