Europe Aircraft Engine Forging Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Forging Type (Closed Die Forging and Seamless Rolled Ring Forging), Material Type (Nickel Alloys and Titanium Alloys), and Application (Fan Case, Combustion Chamber Outer Case, Turbine Disc, Rotors, and Others)

Code: TIPRE00028030 | Pages: 116 | Industry: Aerospace and Defense | Date: Mar 2022
Covid

The aircraft engine forging market in Europe is expected to grow from US$ 440.90 million in 2021 to US$ 637.91 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028.

 

A combined-cycle system of an aircraft engine receives considerable attention to achieve improved power generation. The system is continuously being improved to attain higher fuel efficiency and decrease carbon emissions. For such developments, the TET should be increased by developing superalloys with excellent heat-resistant properties. Cobalt and nickel-based alloys are the conventional superalloys used for the gas turbine inlet. Cobalt-based superalloys were traditionally in use as a primary material of gas turbine blade production. However, after their inception, nickel-based superalloys gradually replaced cobalt-based superalloys in turbine blades. Nickel-based superalloys are more beneficial in high-temperature environments of an aircraft engine than cobalt-based or titanium-based superalloys. In terms of the Clarke number, which determines the content of the chemical elements in the earth surface, the elemental Nickel content is more than elemental cobalt content; thus, the availability of nickel is relatively high. Additionally, outstanding mechanical properties of nickel-based superalloys such as high strength, long fatigue life, and good oxidation and corrosion resistance at high temperature are the main factors driving their use in engine turbine blades. Thus, nickel superalloy-based forged parts are further contributing to the aircraft engine forging market growth.

 

With the outbreak of COVID-19, the production and sales of aircraft engines came to a sudden halt in most of Europe. Collapse of the demand side severely impacted the EU aerospace sector, thereby putting the economies in deep crisis and reduced international trade. The air transport sector plays an important role in economic growth and employment in many of the European countries which was strongly impacted by supply chain disruptions, and technological challenges. The European aerospace industry began to witness airspace inefficiencies, activity delays, and declining number of flights with the initial spread of COVID-19 in the region. The global passenger volume contracted by 60.5%, and total cost of infrastructure declined by 45.4% in 2020, increasing unit costs. This reduced demand has severely impacted the regional aircraft manufacturers thereby affecting the aircraft engine manufacturers, The EU aerospace industry is anticipated to recover gradually due to a slower economic recovery and the importance of international services. The European aircraft manufacturing giant, Airbus, foresees faster recovery of aviation industry and aircraft manufacturing. According to the company, the global and European aviation industry is expected to reach pre-covid levels between 2023 and 2025. Owing to this, the company has been ramping up their production volumes, in order to deliver higher number of orders. The announcement of such strategies showcased a sigh of relief for the aircraft component manufacturers including aircraft engine manufacturers and aircraft engine forging market players.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the aircraft engine forging market. The Europe aircraft engine forging market is expected to grow at a good CAGR during the forecast period.

 

 Europe Aircraft Engine Forging Market Revenue and Forecast to 2028 (US$ Million)

 Europe Aircraft Engine Forging Market Revenue and Forecast to 2028 (US$ Million)

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Europe Aircraft Engine Forging Market Segmentation

 

Europe Aircraft Engine Forging Market – By Forging Type

  • Closed Die Forging
  • Seamless Rolled Ring Forging

Europe Aircraft Engine Forging Market – By Material Type

  • Nickel Alloy
  • Titanium Alloy

Europe Aircraft Engine Forging Market – By Application

  • Fan Case
  • Combustion Chamber Outer Case
  • Turbine Disc
  • Rotors
  • Others

Europe Aircraft Engine Forging Market- By Country

  • Germany
  • France
  • UK
  • Russia
  • Rest of Europe

Europe Aircraft Engine Forging Market-Companies Mentioned

  • Allegheny Technologies Incorporated
  • Doncasters Group
  • Farinia Group
  • LISI Group
  • Otto Fuchs KG
  • Precision Castparts Corp.
  • Safran
  • VSMPO-AVISHMA Corporation

1.          Introduction

1.1        Scope of the Study

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

2.          Key Takeaways

3.        Research Methodology

3.1        Coverage

3.2        Secondary Research

3.3        Primary Research

4.          Europe Aircraft Engine Forging Market Landscape

4.1        Market Overview

4.2        Porter’s Five Forces Analysis

4.2.1        Bargaining Power of Buyers:

4.2.1.1          Aerospace Manufacturing Sector is Consistently Growing

4.2.2        Bargaining Power of Suppliers:

4.2.2.1          Supplier Concentration is Moderately Growing

4.2.3        Threats to Substitutes:

4.2.3.1          Centrifugal Casting is a Key Substitute to Forging

4.2.4        Threats of New Entrants:

4.2.4.1          Low CAPEX Facilitates New Players to Enter the Market

4.2.5        Competitive Rivalry:

4.2.5.1          Well-established and Smaller Players Operate in the Market

4.3        Aircraft Engine Forging Market – Ecosystem Analysis:

4.4        Expert Opinions

5.          Europe Aircraft Engine Forging Market – Key Industry Dynamics

5.1        Market Drivers

5.1.1        Development in Aircraft Engine Production

5.1.2        Rise in Adoption of Nickel-Based Superalloys

5.2        Market Restraints

5.2.1        Discontinuation of Quad-jets by Aircraft Manufacturers

5.3        Market Opportunities

5.3.1        Increase in Utilization of Used Serviceable Material (USM)

5.4        Future Trends

5.4.1        Fabrication of Next Generation Aircraft

5.5        Impact Analysis of Drivers and Restraints

6.          Aircraft Engine Forging Market – Europe Market Analysis

6.1        Overview

6.2        Europe Aircraft Engine Forging Market Revenue and Forecasts To 2028 (US$ Mn)

7.          Europe Aircraft Engine Forging Market Analysis – By Forging Type

7.1        Overview

7.2        Europe Aircraft Engine Forging Market Breakdown, By Forging Type, 2020 & 2028

7.3        Closed Die Forging

7.3.1        Overview

7.3.2        Closed Die Forging: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

7.4        Seamless Rolled Ring

7.4.1        Overview

7.4.2        Seamless Rolled Ring Forging: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

8.          Europe Aircraft Engine Forging Market Analysis – By Material Type

8.1        Overview

8.2        Europe Aircraft Engine Forging Market Breakdown, By Material Type, 2020 & 2028

8.3        Nickel Alloys

8.3.1        Overview

8.3.2        Nickel Alloys: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

8.4        Titanium Alloys

8.4.1        Overview

8.4.2        Titanium Alloys: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

9.          Europe Aircraft Engine Forging Market Analysis –By Application

9.1        Overview

9.2        Europe Aircraft Engine Forging Market Breakdown, By Application, 2020 & 2028

9.3        Rotors

9.3.1        Overview

9.3.2        Rotors: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

9.4        Turbine Disc

9.4.1        Overview

9.4.2        Turbine Disc: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

9.5        Combustion Chamber Outer Case

9.5.1        Overview

9.5.2        Combustion Chamber Outer Case: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

9.6        Fan Case

9.6.1        Overview

9.6.2        Fan Case: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

9.7        Others

9.7.1        Overview

9.7.2        Others: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

10.       Europe Aircraft Engine Forging Market – Country Analysis

10.1      Overview

10.1.1     Europe: Aircraft Engine Forging Market Breakdown, by Key Countries

10.1.1.1       Germany: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

10.1.1.1.1       Germany: Aircraft Engine Forging Market Breakdown by Forging Type

10.1.1.1.2       Germany: Aircraft Engine Forging Market Breakdown by Material Type

10.1.1.1.3       Germany: Aircraft Engine Forging Market Breakdown by Application

10.1.1.2       France: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

10.1.1.2.1       France: Aircraft Engine Forging Market Breakdown by Forging Type

10.1.1.2.2       France: Aircraft Engine Forging Market Breakdown by Material Type

10.1.1.2.3       France: Aircraft Engine Forging Market Breakdown by Application

10.1.1.3       UK: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

10.1.1.3.1       UK: Aircraft Engine Forging Market Breakdown by Forging Type

10.1.1.3.2       UK: Aircraft Engine Forging Market Breakdown by Material Type

10.1.1.3.3       UK: Aircraft Engine Forging Market Breakdown by Application

10.1.1.4       Russia: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

10.1.1.4.1       Russia: Aircraft Engine Forging Market Breakdown by Forging Type

10.1.1.4.2       Russia: Aircraft Engine Forging Market Breakdown by Material Type

10.1.1.4.3       Russia: Aircraft Engine Forging Market Breakdown by Application

10.1.1.5       Rest of Europe: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

10.1.1.5.1       Rest of Europe: Aircraft Engine Forging Market Breakdown by Forging Type

10.1.1.5.2       Rest of Europe: Aircraft Engine Forging Market Breakdown by Material Type

10.1.1.5.3       Rest of Europe: Aircraft Engine Forging Market Breakdown by Application

11.       Europe Aircraft Engine Forging Market - COVID-19 Impact Analysis

11.1      Overview

12.       Industry Landscape

12.1      Overview

12.2      Market Initiative

13.       Company Profiles

13.1      Otto Fuchs KG

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Precision Castparts Corp.

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Safran

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      VSMPO-AVISMA Corporation

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Farinia Group

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      Doncasters Group

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      LISI Group

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      Allegheny Technologies Incorporated

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

14.       Appendix

14.1      About The Insight Partners

14.2      Glossary

 


LIST OF TABLES

Table 1.            Europe Aerospace Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

Table 2.            Europe Aircraft Engine Forging Market, by Country – Revenue and Forecast to 2028 (US$ Mn)

Table 3.            Germany: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)

Table 4.            Germany: Aircraft Engine Forging Market Revenue and Forecasts to 2028 –By Material Type (US$ Mn)

Table 5.            Germany: Aircraft Engine Forging Market Revenue and Forecasts to 2028 –By Application (US$ Mn)

Table 6.            France: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)

Table 7.            France: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)

Table 8.            France: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)

Table 9.            UK: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)

Table 10.          UK: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)

Table 11.          UK: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)

Table 12.          Russia: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)

Table 13.          Russia: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)

Table 14.          Russia: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)

Table 15.          Rest Of Europe: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)

Table 16.          Rest of Europe: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)

Table 17.          Rest of Europe: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)

Table 18.          Glossary of Terms, Europe Aircraft Engine Forging Market

 


LIST OF FIGURES

Figure 1.           Europe Aircraft Engine Forging Market Segmentation

Figure 2.           Europe Aircraft Engine Forging Market Segmentation – By Country

Figure 3.           Europe Aircraft Engine Forging Market Overview

Figure 4.           Europe Aircraft Engine Forging Market, by Forging Type

Figure 5.           Europe Aircraft Engine Forging Market, by Country

Figure 6.           Aircraft Engine Forging Market - Porter’s Five Forces Analysis

Figure 7.           Impact Analysis of Drivers and Restraints: Europe Aircraft Engine Forging Market

Figure 8.           Europe Aircraft Engine Forging Market Revenue and Forecasts To 2028 (US$ Mn)

Figure 9.           Europe Aircraft Engine Forging Market Breakdown, By Forging Type, 2020 & 2028 (%)

Figure 10.        Europe Closed Die Forging: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 11.        Europe Seamless Rolled Ring Forging: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 12.        Europe Aircraft Engine Forging Market Breakdown, By Material Type, 2020 & 2028 (%)

Figure 13.        Europe Nickel Alloys: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 14.        Europe Titanium Alloys: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 15.        Europe Aircraft Engine Forging Market Breakdown, By Application, 2020 & 2028 (%)

Figure 16.        Europe Rotor: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 17.        Europe Turbine Disc: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 18.        Europe Combustion Chamber Outer Case: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 19.        Europe Fan Case: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 20.        Europe Others: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 21.        Europe: Aircraft Engine Forging Market, by Key Country – Revenue (2020) (US$ Million)

Figure 22.        Europe: Aircraft Engine Forging Market Breakdown, By Key Countries, 2020 & 2028(%)

Figure 23.        Germany: Aircraft Engine Forging Market Revenue and Forecasts To 2028 (US$ Mn)

Figure 24.        France: Aircraft Engine Forging Market Revenue and Forecasts To 2028 (US$ Mn)

Figure 25.        UK: Aircraft Engine Forging Market Revenue and Forecasts To 2028 (US$ Mn)

Figure 26.        Russia: Aircraft Engine Forging Market Revenue and Forecasts To 2028 (US$ Mn)

Figure 27.        Rest of Europe: Aircraft Engine Forging Market Revenue and Forecasts To 2028 (US$ Mn)

Figure 28.        Impact of COVID-19 Pandemic in Europe Country Markets

  1. Allegheny Technologies Incorporated
  2. Doncasters Group
  3. Farinia Group
  4. LISI Group
  5. Otto Fuchs KG
  6. Precision Castparts Corp.
  7. Safran
  8. VSMPO-AVISHMA Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe aircraft engine forging market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe aircraft engine forging market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the aircraft engine forging market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution 
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