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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Aerospace Cold Forging Market to exceed $5.5 Mn by 2025.

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Presentation on theme: "© 2016 Global Market Insights, Inc. USA. All Rights Reserved Aerospace Cold Forging Market to exceed $5.5 Mn by 2025."— Presentation transcript:

1 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Aerospace Cold Forging Market to exceed $5.5 Mn by 2025

2 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Developments in forging processes including micro cold forging (MCF) enhances the life of forging dies and support aerospace cold forging market penetration. Forging dies are prone to mechanical failure owing to repeated contact with the workpiece, and replacement or repair can be costly and time-consuming.  Increasing aircraft production owing to proliferating air passenger traffic along with replacements of ageing aircraft fleet will boost the aerospace cold forging market penetration over the forecast timeframe.  Increasing usage of composite materials in nacelles and airframe structure may hamper the market growth over the study time fame. The benefits offered by the composite materials including lower weight, improved fuel efficiency, and non- corrosive properties are further supporting their increased adoption till 2025. Key Insights from aerospace cold forging market :

3 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Continued… Based on application, airframe is expected to dominate the aerospace cold forging market share over the forecast timeframe. Increasing usage of materials including Aluminum, Titanium and Steel for manufacturing the component is boosting the segment share over the study time frame. For instance, in April 2018, American Airlines announced the purchase of new 47 Boeing 787s aircraft for replacement of ageing widebody aircrafts. Additionally, in 2018, IATA forecasts that number of air passengers will reach to 7.8 billion in 2036 compared to 4 billion in 2018.

4 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Latest Research Report Aerospace Cold Forging Market @ https://www.gminsights.com/request-sample/detail/3081 https://www.gminsights.com/request-sample/detail/3081 Request for a sample of this research report @ https://www.gminsights.com/inquiry-before-buying/3081

5 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com U.S. Aerospace Cold Forgings Market, By Application, 2018 & 2025, (USD Thousand)

6 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Eramet Group Scot Forge Arconic Vsmpo-Avisma Corporation Major Companies in Aerospace Cold Forging Market

7 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Industry Coverage

8 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  North America aerospace cold forging market place will witness a significant growth owing to the concentration of multiple aircraft manufacturers across the region. The increasing demand for aircrafts owing to improving services offered by low cost carriers along with expanded network of routes served by multiple airliners are supporting the industry growth till 2025. Additionally, aircraft manufactures are expanding their manufacturing facilities for improving their market share by catering to the increasing demand. For instance, in January 2019, Airbus inaugurated its new manufacturing facility in the U.S. to fulfil the increasing demand for A220 aircrafts. Regional Insights in Aerospace Cold Forging Market

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