UK Aerospace Forging Market Size & Outlook, 2020-2027
UK aerospace forging market, 2016-2027 (US$M)
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UK aerospace forging market highlights
- The UK aerospace forging market generated a revenue of USD 856.4 million in 2020 and is expected to reach USD 1,385.4 million by 2027.
- The UK market is expected to grow at a CAGR of 7.1% 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.
Aerospace forging market data book summary
| Market revenue in 2020 | USD 856.4 million |
| Market revenue in 2027 | USD 1,385.4 million |
| Growth rate | 7.1% (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, UK accounted for 3.7% 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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UK 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 63.22% in 2020. Horizon Databook has segmented the UK aerospace forging market based on aluminum, steel, titanium covering the revenue growth of each sub-segment from 2016 to 2027.
The UK has aircraft manufacturing companies including Leonardo and BAE systems; however, aerospace sector in the country is largely dominated by aerospace parts manufacturing companies.
The sector specializes in the production of high-quality parts for commercial and military aircraft, including engines, structures, wings, and advanced systems. The demand for forged components in aerospace sector is driven by the presence of few selected OEMs including Boeing and Airbus.
According to the International Monetary Fund, the GDP of UK is expected to contract by 9.8% in 2020 owing to the COVID-19 outbreak. This contraction coupled with uncertainties associated with Brexit and diminished domestic demand is likely to affect its manufacturing output and therefore affect aerospace forging market.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK aerospace forging market , including forecasts for subscribers. This country databook contains high-level insights into UK aerospace forging market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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UK aerospace forging market size, by material, 2016-2027 (US$M)
UK Aerospace Forging Market Outlook Share, 2020 & 2027 (US$M)
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