U.S. Aerospace Forging Market Size & Outlook, 2020-2027
U.S. aerospace forging market, 2016-2027 (US$M)
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U.S. aerospace forging market highlights
- The U.S. aerospace forging market generated a revenue of USD 4,990.0 million in 2020 and is expected to reach USD 8,655.7 million by 2027.
- The U.S. market is expected to grow at a CAGR of 8.2% 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 4,990.0 million |
| Market revenue in 2027 | USD 8,655.7 million |
| Growth rate | 8.2% (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, U.S. accounted for 21.7% 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 North America, U.S. aerospace forging market is projected to lead the regional market in terms of revenue in 2027.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 8,655.7 million by 2027.
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Aerospace Forging Market Scope
Aerospace Forging Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 64.17% in 2020. Horizon Databook has segmented the U.S. aerospace forging market based on aluminum, steel, titanium covering the revenue growth of each sub-segment from 2016 to 2027.
The U.S. forging industry is one of the most competitive industries globally. The industry is facing tough competition from other metal processing industries, which has prompted the industry players to improve production methods and reduce the costs.
Most of the threat comes from foreign companies based in Korea, Germany, China, Russia, and India. This has resulted in the loss of market share for the U.S. companies at home and abroad. Aerospace parts manufacturers and OEMs have reported losses in the 2020 due to weakened demand in new deliveries amidst COVID-19 pandemic.
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Target buyers of U.S. aerospace forging market databook
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Our clientele includes a mix of aerospace forging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. aerospace forging market , including forecasts for subscribers. This country databook contains high-level insights into U.S. aerospace forging market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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U.S. aerospace forging market size, by material, 2016-2027 (US$M)
U.S. Aerospace Forging Market Outlook Share, 2020 & 2027 (US$M)
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