Aerospace Cold Forgings Market by Platform and Geography - Forecast and Analysis 2019-2023
Global Aerospace Cold Forgings Market: About this market
Technavio’s aerospace cold forgings market analysis considers sales from fixed-wing and rotary-wing platform. Our analysis also considers the sales of aerospace cold forgings in APAC, Europe, North America, South America, and MEA. In 2018, the fixed-wing segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the growing demand for regional jets for air travel between small town and cities will play a significant role in the fixed-wing segment to maintain its market position. Also, our global aerospace cold forgings market report looks at factors such as the advantages of cold-forged components in manufacturing, growth of commercial aviation market, and advances in the manufacturing of defense aircraft. However, drawbacks of cold forging, stringent regulatory norms in aerospace market, and environmental concerns associated with cold-forging process may hamper the growth of the aerospace cold forgings industry over the forecast period.
Global Aerospace Cold Forgings Market: Overview
Advances in manufacturing of defense aircraft
Technological innovations and developments in the air defense sector to improve defense capabilities is being encouraged in prominent countries. Market vendors in the aerospace defense market are making critical decisions regarding capital expenditure, R&D spending, and the development of modern technologies. They are investing in defense manufacturing activities such as landing gear development and military aircraft engine manufacturing. This, in turn, is driving the demand and consumption of aerospace cold forgings. This rise in manufacturing activities in the aerospace and defense sector will boost the demand of cold-forged components and fuel the market to grow at a CAGR of over 6% during the forecast period.
Advances in cold-forging process
Many vendors are developing and deploying advanced forging technologies for manufacturing load-optimized structural components. They are focusing on achieving structural optimization by working on strategies for localized reinforcement of components. They are also using locally induced strain hardening process under superimposed hydrostatic pressure to optimize the cold-forging process. Advanced simulation techniques for cold forging involving aluminum, magnesium, and titanium alloys are also under development. Such developments in the forging technologies is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global aerospace cold forgings market during the forecast period 2019-2023, click here.
With the presence of several major players, the global aerospace cold forgings market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aerospace cold forgings manufacturers, that include Ace Forge Pvt. Ltd., Arconic Inc., Berkshire Hathaway Inc., Bharat Forge Ltd., Eramet SA, Hadee Forgings Pvt. Ltd., Nufast Ltd., Rostec State Corp., Scot Forge Co., and STS Intelli.
Also, the aerospace cold forgings market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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