APAC 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)
The aircraft engine forging market in APAC is expected to grow from US$ 654.85 million in 2021 to US$ 1085.35 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028.
The aviation industry is experiencing huge demand for air travel, for both military and commercial purposes. This is leading the aircraft manufacturers to procure the latest aircraft models, and models and adopt new and robust technologies. Therefore, the production of the next generation of aircraft is expected to be one of the key trends in the aviation industry in the future. The trend is predicted to pitch over the period, leading to huge opportunities for the proliferation of aircraft component forging players. The commercial aerospace industry is expected to prominently witness a boom in the production of a next-generation single-aisle, large twin-aisle aircraft, and jet engines. The next-generation jet engines use advanced metallic powder alloys and nickel-based superalloys. These engines is an economic model of the aircraft, which helps in enhancing fuel efficiency and aircraft performance.
The COVID-19 pandemic has not only disrupted the APAC’s economy and the region’s aerospace market but has also changed the customer attitude towards the sector. The region has witnessed a significant decline in the air transportation. Approximately 18,000 aircraft including the Boeing 747s and Airbus A380s were put in storage in 2020, due to the collapse in passenger demand and bankruptcies. From aircraft manufacturing and assembly viewpoint, China is one of the leading aerospace manufacturing countries in the region and has been one of APAC's most affected countries during Q1 and Q2 of 2020. Due to this, the manufacturing facilities have been witnessing severe conditions in aircraft and aircraft component manufacturing facilities. The Airbus and Boeing manufacturing facilities in China were shut down for a longer period, which resulted in substantial lesser demand for various components and systems including engines. Similarly, China’s indigenous aircraft manufacturer COMAC also halted its production of C919 during Q1, which resulted in negatively in aircraft engines and aircraft engine forging market. However, the aviation authorities, airlines, and aircraft manufacturers foresee a strong growth in APAC aviation industry. Owing to this, several airlines and military forces are ordering and taking deliveries of newer aircraft models. This is expected to drive the demand for aircraft engines among commercial and military aircraft manufacturers, which would boost the aircraft engine forging market player’s businesses.
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 APAC aircraft engine forging market is expected to grow at a good CAGR during the forecast period.
APAC Aircraft Engine Forging Market Revenue and Forecast to 2028 (US$ Million)
Get more information on this report :
APAC Aircraft Engine Forging Market Segmentation
APAC Aircraft Engine Forging Market – By Forging Type
- Closed Die Forging
- Seamless Rolled Ring Forging
APAC Aircraft Engine Forging Market – By Material Type
- Nickel Alloy
- Titanium Alloy
APAC Aircraft Engine Forging Market – By Application
- Fan Case
- Combustion Chamber Outer Case
- Turbine Disc
- Rotors
- Others
APAC Aircraft Engine Forging Market- By Country
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC 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. APAC 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. APAC Aircraft Engine Forging Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increase 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 – APAC Market Analysis
6.1 Overview
6.2 APAC Aircraft Engine Forging Market Revenue and Forecasts To 2028 (US$ Mn)
7. APAC Aircraft Engine Forging Market Analysis – By Forging Type
7.1 Overview
7.2 APAC 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. APAC Aircraft Engine Forging Market Analysis – By Material Type
8.1 Overview
8.2 APAC 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. APAC Aircraft Engine Forging Market Analysis –By Application
9.1 Overview
9.2 APAC 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. APAC Aircraft Engine Forging Market – Country Analysis
10.1 Overview
10.1.1 APAC: Aircraft Engine Forging Market Breakdown, by Key Countries
10.1.1.1 China: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.1.1.1 China: Aircraft Engine Forging Market Breakdown by Forging Type
10.1.1.1.2 China: Aircraft Engine Forging Market Breakdown by Material Type
10.1.1.1.3 China: Aircraft Engine Forging Market Breakdown by Application
10.1.1.2 India: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.1.2.1 India: Aircraft Engine Forging Market Breakdown by Forging Type
10.1.1.2.2 India: Aircraft Engine Forging Market Breakdown by Material Type
10.1.1.2.3 India: Aircraft Engine Forging Market Breakdown by Application
10.1.1.3 Japan: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.1.3.1 Japan: Aircraft Engine Forging Market Breakdown by Forging Type
10.1.1.3.2 Japan: Aircraft Engine Forging Market Breakdown by Material Type
10.1.1.3.3 Japan: Aircraft Engine Forging Market Breakdown by Application
10.1.1.4 South Korea: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.1.4.1 South Korea: Aircraft Engine Forging Market Breakdown by Forging Type
10.1.1.4.2 South Korea: Aircraft Engine Forging Market Breakdown by Material Type
10.1.1.4.3 South Korea: Aircraft Engine Forging Market Breakdown by Application
10.1.1.5 Rest of APAC: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
10.1.1.5.1 Rest of APAC: Aircraft Engine Forging Market Breakdown by Forging Type
10.1.1.5.2 Rest of APAC: Aircraft Engine Forging Market Breakdown by Material Type
10.1.1.5.3 Rest of APAC: Aircraft Engine Forging Market Breakdown by Application
11. APAC 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. APAC Aerospace Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Table 2. APAC Aircraft Engine Forging Market, by Country – Revenue and Forecast to 2028 (US$ Mn)
Table 3. China: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 4. China: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 5. China: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 6. India: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 7. India: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 8. India: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 9. Japan: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 10. Japan: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 11. Japan: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 12. South Korea: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 13. South Korea: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 14. South Korea: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 15. Rest of APAC: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Forging Type (US$ Mn)
Table 16. Rest of APAC: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)
Table 17. Rest of APAC: Aircraft Engine Forging Market Revenue and Forecasts to 2028 – By Application (US$ Mn)
Table 18. Glossary of Terms, APAC Aircraft Engine Forging Market
LIST OF FIGURES
Figure 1. APAC Aircraft Engine Forging Market Segmentation
Figure 2. APAC Aircraft Engine Forging Market Segmentation – By Country
Figure 3. APAC Aircraft Engine Forging Market Overview
Figure 4. APAC Aircraft Engine Forging Market, by Forging Type
Figure 5. APAC 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: APAC Aircraft Engine Forging Market
Figure 8. APAC Aircraft Engine Forging Market Revenue and Forecasts To 2028 (US$ Mn)
Figure 9. APAC Aircraft Engine Forging Market Breakdown, By Forging Type, 2020 & 2028 (%)
Figure 10. APAC Closed Die Forging: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 11. APAC Seamless Rolled Ring Forging: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 12. APAC Aircraft Engine Forging Market Breakdown, By Material Type, 2020 & 2028 (%)
Figure 13. APAC Nickel Alloys: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. APAC Titanium Alloys: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 15. APAC Aircraft Engine Forging Market Breakdown, By Application, 2020 & 2028 (%)
Figure 16. APAC Rotor: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. APAC Turbine Disc: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. APAC Combustion Chamber Outer Case: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. APAC Fan Case: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. APAC Others: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. APAC: Aircraft Engine Forging Market, by Key Country – Revenue (2020) (US$ Million)
Figure 22. APAC: Aircraft Engine Forging Market Breakdown by Key Countries, 2020 & 2028(%)
Figure 23. China: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 24. India: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. Japan: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. South Korea: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 27. Rest of APAC: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 28. Impact of COVID-19 Pandemic in APAC Country Markets
- Allegheny Technologies Incorporated
- Doncasters Group
- Farinia Group
- LISI Group
- Otto Fuchs KG
- Precision Castparts Corp.
- Safran
- VSMPO-AVISHMA Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC 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 APAC 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 APAC 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