North America 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: TIPRE00028028 | Pages: 114 | Industry: Aerospace and Defense | Date: Mar 2022
Covid

The aircraft engine forging market in North America is expected to grow from US$ 748.07 million in 2021 to US$ 1,147.20 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028.

 

The rise in air traffic across the region is leading to an increase in demand for commercial aircraft. Aircraft manufacturers have increased their rate of production of commercial aircraft and helicopters over the years. Rise in the manufacturing of aircraft is directly magnifying the demand for aircraft engines over years. Additionally, airlines, aircraft operators, armed forces, and charter operators are likely to boost the demand for new engines as part of their fleet modernization and growth plans. The growing need for a new generation of engines with low emissions and weight, which would improve airplane fuel efficiency, is also contributing to the aircraft engine forging market proliferation. Companies are investing in the research and development of new engine models by employing cutting-edge technologies such as additive manufacturing and composite technologies. Thus, the rise in aircraft engine production worldwide is boosting the aircraft engine forging market.

 

The US has witnessed the most severe impact of COVID-19 in 2020 and 2021. The aircraft engine manufacturers and engine component manufacturers in the country were affected due to nationwide lockdowns and travel restrictions, shut down of production facilities, and shortage of employees. The massive outbreak of the virus has created both a health crisis and an economic crisis in the US. It has led to major disruptions in the aerospace industry, impacting everything from supply chain and manufacturing to product sales. The pandemic has directly and indirectly impacted the industry’s short term and long term strategies. The pandemic has reached an unprecedented level for the airline industry in North America with increasing net losses and delays in recovery. The presence of several aircraft engine manufacturers and engine forging manufactures is anticipated to drive the improvement of aircraft engine forging market in the forthcoming years. The region is expecting market recovery from the economic disruption between 2023 - 2025. Recovery in passenger volume, cargo and military aircraft fleet and government stimulus is anticipated to boost manufacturing and sales of the aircraft engines, which is expected to highlight recovery of aircraft engine forging markets.

 

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 North America aircraft engine forging market is expected to grow at a good CAGR during the forecast period.

 

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

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

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North America Aircraft Engine Forging Market Segmentation

 

North America Aircraft Engine Forging Market – By Forging Type

  • Closed Die Forging
  • Seamless Rolled Ring Forging

North America Aircraft Engine Forging Market – By Material Type

  • Nickel Alloy
  • Titanium Alloy

North America Aircraft Engine Forging Market – By Application

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

North America Aircraft Engine Forging Market- By Country

  • US
  • Canada
  • Mexico

North America Aircraft Engine Forging Market-Companies Mentioned

  • All Metals & Forge Group
  • Allegheny Technologies Incorporated
  • Doncasters Group
  • Farinia Group
  • LISI Group
  • Otto Fuchs KG
  • Pacific Forge Incorporated
  • 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.           North America 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.           North America Aircraft Engine Forging Market – Key Industry Dynamics

5.1         Market Drivers

5.1.1        Surge 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 – North America Market Analysis

6.1         Overview

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

7.           North America Aircraft Engine Forging Market Analysis By Forging Type

7.1         Overview

7.2         North America 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.           North America Aircraft Engine Forging Market Analysis By Material Type

8.1         Overview

8.2         North America 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.           North America Aircraft Engine Forging Market Analysis By Application

9.1         Overview

9.2         North America 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.        North America Aircraft Engine Forging Market – Country Analysis

10.1      Overview

10.1.1     North America: Aircraft Engine Forging Market Breakdown, By Key Country

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

10.1.1.1.1       US: Aircraft Engine Forging Market Breakdown, By Forging Type

10.1.1.1.2       US: Aircraft Engine Forging Market Breakdown, By Material Type

10.1.1.1.3       US: Aircraft Engine Forging Market Breakdown, By Application

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

10.1.1.2.1       Canada: Aircraft Engine Forging Market Breakdown, By Forging Type

10.1.1.2.2       Canada: Aircraft Engine Forging Market Breakdown, By Material Type

10.1.1.2.3       Canada: Aircraft Engine Forging Market Breakdown, By Application

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

10.1.1.3.1       Mexico: Aircraft Engine Forging Market Breakdown, By Forging Type

10.1.1.3.2       Mexico: Aircraft Engine Forging Market Breakdown, By Material Type

10.1.1.3.3       Mexico: Aircraft Engine Forging Market Breakdown, By Application

11.        North America 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      All Metals & Forge Group

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      Otto Fuchs KG

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      Pacific Forge Incorporated

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      Precision Castparts Corp.

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      Safran

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      VSMPO-AVISMA Corporation

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      Farinia 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      Doncasters Group

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

13.9      LISI Group

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10   Allegheny Technologies Incorporated

13.10.1  Key Facts

13.10.2  Business Description

13.10.3  Products and Services

13.10.4  Financial Overview

13.10.5  SWOT Analysis

13.10.6  Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Glossary

 


LIST OF TABLES

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

Table 2.             North America Aircraft Engine Forging Market, by Country – Revenue and Forecast to 2028 (USD Million)

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

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

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

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

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

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

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

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

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

Table 12.          Glossary of Terms, North America Aircraft Engine Forging Market

 


LIST OF FIGURES

Figure 1.           North America Aircraft Engine Forging Market Segmentation

Figure 2.           North America Aircraft Engine Forging Market Segmentation – By Country

Figure 3.           North America Aircraft Engine Forging Market Overview

Figure 4.           North America Aircraft Engine Forging Market, by Forging Type

Figure 5.           North America 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: North America Aircraft Engine Forging Market

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

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

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

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

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

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

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

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

Figure 16.        North America Rotors: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

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

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

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

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

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

Figure 22.        North America: Aircraft Engine Forging Market Breakdown, By Key Country, 2020 & 2028(%)

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

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

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

Figure 26.        Impact of COVID-19 Pandemic in North America Country Markets

  1. All Metals & Forge Group
  2. Allegheny Technologies Incorporated
  3. Doncasters Group
  4. Farinia Group
  5. LISI Group
  6. Otto Fuchs KG
  7. Pacific Forge Incorporated
  8. Precision Castparts Corp.
  9. Safran
  10. VSMPO-AVISHMA Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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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