Middle East & Africa Aerospace Forging Market Size & Outlook
Middle East & Africa aerospace forging market, 2016-2027 (US$M)
Related Markets
MEA aerospace forging market highlights
- The MEA aerospace forging market generated a revenue of USD 179.3 million in 2020.
- The market is expected to grow at a CAGR of 6.1% 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.
MEA data book summary
| Market revenue in 2020 | USD 179.3 million |
| Market revenue in 2027 | USD 271.5 million |
| Growth rate | 6.1% (CAGR from 2020 to 2027) |
| Largest segment | Aluminum |
| Fastest growing segment | Titanium |
| 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, MEA region accounted for 0.8% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Aerospace Forging Market Scope
Aerospace Forging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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 62.13% in 2020. Horizon Databook has segmented the Middle East & Africa aerospace forging market based on aluminum, steel, titanium covering the revenue growth of each sub-segment from 2016 to 2027.
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.
Reasons to subscribe to Middle East & Africa aerospace forging market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa aerospace forging market databook
-
Our clientele includes a mix of aerospace forging market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Middle East & Africa aerospace forging market
Middle East & Africa Aerospace Forging Market Outlook Share, 2020 & 2027 (US$M)
Middle East & Africa aerospace forging market
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
