Latin America Aerospace Forging Market Size & Outlook
Latin America aerospace forging market, 2016-2027 (US$M)
Related Markets
Latin America aerospace forging market highlights
- The Latin America aerospace forging market generated a revenue of USD 329.8 million in 2020.
- The market is expected to grow at a CAGR of 5.1% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2027.
Latin America data book summary
| Market revenue in 2020 | USD 329.8 million |
| Market revenue in 2027 | USD 467.0 million |
| Growth rate | 5.1% (CAGR from 2020 to 2027) |
| Largest segment | Aluminum |
| Fastest growing segment | Aluminum |
| 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, Latin America region accounted for 1.4% 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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Latin America 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 54.88% in 2020. Horizon Databook has segmented the Latin America aerospace forging market based on aluminum, steel, titanium covering the revenue growth of each sub-segment from 2016 to 2027.
In terms of revenue, Central & South America region accounted for 1.4% of market share in 2019, which is less as compared to other prominent regions in the global aerospace forging market. This is mainly due to the slow economic growth of the region and small manufacturing sector as compared to North America, Europe, and Asia Pacific.
In the last 15 years, the region had witnessed a 3% of average annual growth in GDP. Although this is superior as compared to developed economies, the region still lagged behind other developing economies. South Asia, China, and Sub-Saharan regions had 5% of average annual growth over the same period.
All these factors affect the long-term sustainability of any business. These factors have resulted in significantly low share of the region as compared to North America, Europe, and Asia Pacific.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America aerospace forging market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America aerospace forging market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Latin America aerospace forging market size, by country, 2016-2027 (US$M)
Latin America Aerospace Forging Market Outlook Share, 2020 & 2027 (US$M)
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