[Market Report] Global Market for Aerospace Forging
Report ID: AA0823641
The global aerospace forging market is rapidly rising to new heights with an average annual growth rate of approximately 8%.
The global aerospace forging market is strengthening its position as a crucial player in the aerospace industry and is poised for remarkable development. In 2022, the market revenue reached approximately 30 billion USD, and this growth trajectory is expected to accelerate further. By 2031, the global aerospace forging market is projected to achieve an astonishing revenue of around 59.9 billion USD, driven by a robust average annual growth rate (CAGR) of approximately 8% during the forecast period from 2023 to 2031. Aerospace forging plays a vital role in the manufacturing of aircraft parts and structures, providing exceptional strength, durability, and performance. These precision-engineered components are essential for ensuring the safety and reliability of aircraft used in both commercial and defense applications. For application methods, please check the [PDF download] button or apply directly through the related links.
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Overview of Segmentation The global aerospace forging market is classified based on materials, aircraft, applications, end users, and regions. By Material Aluminum Alloys Stainless Steel Titanium By Aircraft Fixed-Wing Rotary-Wing By Application Fan Cases Rotors Shafts Turbine Discs Others By End User Commercial Industrial Military Key Companies: Arconic Corporation Larsen & Toubro Limited Precision Castparts Corp. Jiangyin Hengrun Heavy Industries Co. Ltd Wood Group Inc CAV System Ltd Curtiss-Wright Corporation Honeywell International Pvt Ltd Raytheon Technologies Corporation Airbus S.A.S.
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![[To the Forged Products Procurement Department] Forged rings before shipment](https://image.mono.ipros.com/public/product/image/21b/2000661008/IPROS00795782723991813328.png?w=280&h=280)
