April 17, 2020
According to the research report titled ‘Aerospace Cold Forgings Market Size, By Application, By Platform Industry Analysis Report, Regional Outlook (, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the aerospace cold forgings market is estimated to record a considerable growth rate through 2025.
Increasing air travel due to proliferating low-cost carriers and rising air cargo activities are major factors driving the growth of aerospace cold forgings industry. An upsurge in passenger capacities as well as operational efficiency in aircrafts are also fostering the demand for aerospace cold forgings across the globe. Preference for better strength-to-mass ratio in planes coupled with shifting focus towards maintaining aircraft structural dependability are further aiding the market expansion.
Application of cold forgings in airplane landing gear offers better fuel economy and reduced aircraft weight. Numerous market majors are concentrating on improving the surface quality and dimensional tolerances in aircraft landing gears by using cold forgings. Strict aviation standards regarding design characteristics, manufacturing processes and applications are stimulating the aerospace cold forgings industry outlook.
Based on the application spectrum, landing gear segment is presumed to grow significantly during the forecast period. Applying cold forging manufacturing for landing gears provides fatigue resistance, optimum yield strength and high ductility. Proliferating commercial aircrafts and regional jets along will fuel the segmental share.
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In terms of platform type, fixed wing segment is expected to register a substantial growth rate during the estimated timespan. Rising adoption of aircraft landing gear in fighter jets, regional jets and narrow body aircrafts and introduction of short routes is positively influencing the growth of the segment. Growing inclination towards long distance travel and rapid expansion of the tourism industry will also drive the production of fixed wing aircrafts, hence favoring aerospace cold forgings market size.
As per the regional analysis, North America aerospace cold forgings industry will witness lucrative growth in the forthcoming years, primarily due to high concentration of aircraft manufacturers which are focusing on using advanced processes. Escalating defense expenditure and growing demand for fighter jets are also facilitating the business scenario in North America.
ATI Metal, Shaanxi Hongyuan Aviation Forging Co. Ltd., Scot Forge, Precision Castparts Corp., Bharat Forge, Eramet Group, Arconic and Vsmpo-Avisma are the key players operating in aerospace cold forgings industry.
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