The aircraft isothermal forging market in Europe is expected to grow from US$ 393.44 million in 2022 to US$ 634.89 million by 2028; it is estimated to grow at a CAGR of 8.3% from 2022 to 2028.
The adoption of titanium and nickel-based parts across various applications in military aircraft production is a rising trend expected to propel the aircraft isothermal forging market. Higher demand for lightweight materials and increasing penetration of titanium and nickel-based engine parts usage per aircraft is on the rise. Furthermore, various components of military aircraft models and helicopters, such as flanges, ribs, skins, stringers, stiffeners, and shrouds, to form an aircraft engine structure are manufactured with the help of isothermally forging titanium or nickel alloys. For instance, Lockheed Martin F-22 Raptor is a military fighter jet with titanium-based aircraft engine parts. Further, the Russian Sukhoi Su-57 single-seat, twin-engine stealth multirole fighter aircraft has ~18.6% titanium alloys. The thermal expansion rate of titanium makes it highly preferable as a composite interface material for military aircraft production. Moreover, titanium and nickel are known for their high strength-to-weight ratio, making them ideal materials for aircraft construction across the military aircraft manufacturing sectors. Furthermore, titanium and nickel-based parts are also corrosion-resistant, which makes them a good choice for use across military aircraft production. These lightweight and strong metals are suitable for manufacturing military aircraft and aircraft engine components. Thus, this trend is expected to boost the growth of the aircraft isothermal forging market during the forecast period.
Europe Aircraft Isothermal Forging Market Segmentation
The Europe aircraft isothermal forging market is segmented into aircraft components, forging material, fit type, and country. Based on aircraft components, the Europe aircraft isothermal forging market is segmented into fan blade, turbine disks, shafts, and connector rings. The fan blade segment is expected to account for the largest market share in 2022. Based on forging material, the Europe aircraft isothermal forging market is bifurcated into titanium and nickel-based superalloys. The nickel-based superalloy segment is expected to account for a larger market share in 2022. On the basis of fit type, the Europe aircraft isothermal forging market is categorized into line fit and retrofit segment. The line fit segment is expected to account for a larger market share in 2022. Based on country, the Europe aircraft isothermal forging market is segmented into France, Germany, Italy, the UK, Russia, and the rest of Europe. France accounted for the largest market share in 2022.
Key players dominating the Europe aircraft isothermal forging market are Alcoa Corporation, ALD Vacuum Technologies GmbH, ATI, H.C. Starck Solutions, Howmet Aerospace, Leistritz Turbinentechnik GmbH, LISI Aerospace, Precision Castparts Corp, SCHULER GROUP, and SMT Limited.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 393.44 Million |
| Market Size by 2028 | US$ 634.89 Million |
| CAGR (2022 - 2028) | 8.3% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Aircraft Components
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Aircraft Isothermal Forging Market is valued at US$ 393.44 Million in 2022, it is projected to reach US$ 634.89 Million by 2028.
As per our report Europe Aircraft Isothermal Forging Market, the market size is valued at US$ 393.44 Million in 2022, projecting it to reach US$ 634.89 Million by 2028. This translates to a CAGR of approximately 8.3% during the forecast period.
The Europe Aircraft Isothermal Forging Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Aircraft Isothermal Forging Market report:
The Europe Aircraft Isothermal Forging Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Aircraft Isothermal Forging Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Aircraft Isothermal Forging Market value chain can benefit from the information contained in a comprehensive market report.
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