Middle East & Africa Aerospace Forging Market Size & Outlook
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MEA aerospace forging market highlights
- The MEA aerospace forging market generated a revenue of USD 190.8 million in 2024.
- The market is expected to grow at a CAGR of 3.5% from 2025 to 2030.
- In terms of segment, aluminum was the largest revenue generating material in 2024.
- Titanium is the most lucrative material segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2024 | USD 190.8 million |
| Market revenue in 2030 | USD 232.6 million |
| Growth rate | 3.5% (CAGR from 2025 to 2030) |
| Largest segment | Aluminum |
| Fastest growing segment | Titanium |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, Titanium, Aluminum |
| 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, MEA region accounted for 0.7% of the global aerospace forging market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 12,377.1 million by 2030.
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Aerospace Forging Market Scope
Aerospace Forging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ellwood Group | View profile | 1001-5000 | Ellwood City, Pennsylvania, United States, North America | http://ellwoodgroup.com |
| Scot Forge | View profile | 501-1000 | Spring Grove, Illinois, United States, North America | https://www.scotforge.com/ |
| Bharat Forge | View profile | 10001+ | Pune, Maharashtra, India, Asia | http://www.bharatforge.com/ |
| Jiangyin Hengrun Heavy Industries | View profile | 501-1000 | Jiangyin, Jiangsu, China, Asia | http://www.hrflanges.com |
| Kalyani Group | View profile | 251-500 | Pune, Maharashtra, India, Asia | http://www.kalyanigroup.com/index.asp |
| Larsen & Toubro Ltd DR | View profile | 330955 | Norottarn Morarjee Marg , L&T House, Ballard Estate, P. O. Box: 278, Mumbai, MH, India, 400 001 | https://www.larsentoubro.com |
| Berkshire Hathaway Inc Class A | View profile | 396500 | 3555 Farnam Street, Omaha, NE, United States, 68131 | https://www.berkshirehathaway.com |
| Arconic | View profile | 10001+ | Pittsburgh, Pennsylvania, United States, North America | https://www.arconic.com |
Middle East & Africa 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 63.84% in 2024. Horizon Databook has segmented the Middle East & Africa aerospace forging market based on steel, titanium, aluminum covering the revenue growth of each sub-segment from 2018 to 2030.
The GDP of Middle East & Africa is expected to contract by roughly 4.2% in 2020. The key countries of the region especially gulf countries started to feel pressure as the deflation continued in these countries.
As per the document released by the World Bank Group, the GDP of gulf cooperation council (GCC) decline to 0.8% in 2019. The declining macroeconomic conditions are projected to even continue at a significant rate in FY 2020 due to the emergence of the global pandemic.
The lower oil prices as well as uncertainty related with the pandemic is likely to weight on non-oil manufacturing sector, thus affecting the forgings demand in the region for the FY 2020.
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Our clientele includes a mix of aerospace forging market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa aerospace forging market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa aerospace forging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Aerospace Forging Market Outlook Share, 2024 & 2030 (US$M)
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