Middle East and Africa 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 the MEA is expected to grow from US$ 127.54 million in 2021 to US$ 158.18 million by 2028; it is estimated to grow at a CAGR of 3.1% from 2021 to 2028.

Although the production and procurement of airplanes are rising substantially with continuous increase in air travel, ~400–600 commercial aircraft units are retired, ruled out (due to age), and disassembled each year, which creates a heap of waste. Such a massive amount of waste includes ~1,000 tonnes of carbon fiber, 1,800 tonnes of alloys, 30,000 tonnes of aluminum, and 600 tonnes of other scrap materials. With rising concerns about the environment, aerospace companies such as Pratt & Whitney, along with government bodies, have identified new ways to replace the existing, newly sourced raw materials for the manufacturing of aerospace parts with recycled and renewable materials. Thus, efforts by various countries for escalating the use of USM are likely to drive the aircraft engine forging market during the forecast period.

The MEA aircraft engine forging market is majorly affected by the disruption in the supply chain. Pertaining to the closure of borders of countries, the supply chain of several components and systems have been disturbed. The demand for advanced aerospace technologies such as aircraft engines and engine components has declined. This has resulted in a loss of business among the aircraft engines and aircraft engine forged components market players offering their products to respective customers in the MEA region. South Africa has few aircraft manufacturers, which produce general aviation piston aircraft. The widespread COVID – 19 virus has led the manufacturers to suspend their operations or operate with a minimal workforce temporarily. This has weakened the demand for engine and engine forged components, thereby hindering the aircraft engine forging market in the country. Additionally, the disruption in the supply chain business owing to the trade ban has also reflected adverse effects on the aircraft engine forging market in the country.

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

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

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MEA Aircraft Engine Forging Market Segmentation

MEA Aircraft Engine Forging Market – By Forging Type

Closed Die Forging
Seamless Rolled Ring Forging

MEA Aircraft Engine Forging Market – By Material Type

Nickel Alloy
Titanium Alloy

MEA Aircraft Engine Forging Market – By Application

Fan Case
Combustion Chamber Outer Case
Turbine Disc
Rotors
Others

MEA Aircraft Engine Forging Market- By Country

Saudi Arabia
UAE
South Africa
Rest of MEA

MEA Aircraft Engine Forging Market-Companies Mentioned

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. MEA 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. MEA Aircraft Engine Forging Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Growth 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 – MEA Market Analysis

6.1 Overview

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

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

7.1 Overview

7.2 MEA 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. MEA Aircraft Engine Forging Market Analysis – By Material Type

8.1 Overview

8.2 MEA 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. MEA Aircraft Engine Forging Market Analysis –By Application

9.1 Overview

9.2 MEA 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. MEA Aircraft Engine Forging Market – Country Analysis

10.1 Overview

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

10.1.2 MEA: Aircraft Engine Forging Market Breakdown, By Key Country

10.1.2.1 Saudi Arabia: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

10.1.2.1.1 Saudi Arabia: Aircraft Engine Forging Market Breakdown, By Forging Type

10.1.2.1.2 Saudi Arabia: Aircraft Engine Forging Market Breakdown, By Material Type

10.1.2.1.3 Saudi Arabia: Aircraft Engine Forging Market Breakdown, By Application

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

10.1.2.2.1 UAE: Aircraft Engine Forging Market Breakdown, By Forging Type

10.1.2.2.2 UAE: Aircraft Engine Forging Market Breakdown, By Material Type

10.1.2.2.3 UAE: Aircraft Engine Forging Market Breakdown, By Application

10.1.2.3 South Africa: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

10.1.2.3.1 South Africa: Aircraft Engine Forging Market Breakdown, By Forging Type

10.1.2.3.2 South Africa: Aircraft Engine Forging Market Breakdown, By Material Type

10.1.2.3.3 South Africa: Aircraft Engine Forging Market Breakdown, By Application

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

10.1.2.4.1 Rest of MEA: Aircraft Engine Forging Market Breakdown, By Forging Type

10.1.2.4.2 Rest of MEA: Aircraft Engine Forging Market Breakdown, By Material Type

10.1.2.4.3 Rest of MEA: Aircraft Engine Forging Market Breakdown, By Application

11. MEA 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. MEA Aerospace Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 15. Glossary of Terms, MEA Aircraft Engine Forging Market

LIST OF FIGURES

Figure 1. MEA Aircraft Engine Forging Market Segmentation

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

Figure 3. MEA Aircraft Engine Forging Market Overview

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

Figure 5. MEA 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: MEA Aircraft Engine Forging Market

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 26. Rest of MEA: Aircraft Engine Forging Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 27. Impact of COVID-19 Pandemic in Middle East and Africa Countries

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA 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 MEA 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 MEA 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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