Asia Pacific Aerospace Forging Market Size & Outlook
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Asia Pacific aerospace forging market highlights
- The Asia Pacific aerospace forging market generated a revenue of USD 8,721.6 million in 2024.
- The market is expected to grow at a CAGR of 5.5% from 2025 to 2030.
- In terms of segment, aluminum was the largest revenue generating material in 2024.
- Titanium is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 8,721.6 million |
| Market revenue in 2030 | USD 11,904.0 million |
| Growth rate | 5.5% (CAGR from 2025 to 2030) |
| Largest segment | Aluminum |
| Fastest growing segment | Titanium |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, Titanium, Aluminum |
| Key market players worldwide | Arconic, Larsen & Toubro Ltd DR, Berkshire Hathaway Inc Class A, Kalyani Group, Jiangyin Hengrun Heavy Industries, Bharat Forge, Scot Forge, Ellwood Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 33.2% of the global aerospace forging market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 12,377.1 million by 2030.
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Aerospace Forging Market Scope
Aerospace Forging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ellwood Group | View profile | 1001-5000 | Ellwood City, Pennsylvania, United States, North America | http://ellwoodgroup.com |
| Scot Forge | View profile | 501-1000 | Spring Grove, Illinois, United States, North America | https://www.scotforge.com/ |
| Bharat Forge | View profile | 10001+ | Pune, Maharashtra, India, Asia | http://www.bharatforge.com/ |
| Jiangyin Hengrun Heavy Industries | View profile | 501-1000 | Jiangyin, Jiangsu, China, Asia | http://www.hrflanges.com |
| Kalyani Group | View profile | 251-500 | Pune, Maharashtra, India, Asia | http://www.kalyanigroup.com/index.asp |
| Larsen & Toubro Ltd DR | View profile | 330955 | Norottarn Morarjee Marg , L&T House, Ballard Estate, P. O. Box: 278, Mumbai, MH, India, 400 001 | https://www.larsentoubro.com |
| Berkshire Hathaway Inc Class A | View profile | 396500 | 3555 Farnam Street, Omaha, NE, United States, 68131 | https://www.berkshirehathaway.com |
| Arconic | View profile | 10001+ | Pittsburgh, Pennsylvania, United States, North America | https://www.arconic.com |
Asia Pacific aerospace forging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerospace forging market will help companies and investors design strategic landscapes.
Aluminum was the largest segment with a revenue share of 56.53% in 2024. Horizon Databook has segmented the Asia Pacific aerospace forging market based on steel, titanium, aluminum covering the revenue growth of each sub-segment from 2018 to 2030.
As per the data released by the Asian Development Bank (ADB) in 2020, the overall economic loss for developing Asian countries is projected to range from USD 16 billion (optimistic scenario) to nearly USD 42 billion (pessimistic scenario).
The developing nations of Asia Pacific region is likely to observe weaken growth as the global GDP is projected to shrink in 2020. South East Asian and pacific countries are anticipated to witness significant losses in terms of monetary value.
The recovery from this pandemic would be largely dependent on the containment policies and relief measures taken by individual governments around the Asia Pacific region. To reduce severe impacts of pandemic, key countries of the region including China, Thailand, Malaysia, Indonesia, India, Australia, and Japan have announced plans to unleash massive amounts of fiscal stimulus.
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Target buyers of Asia Pacific aerospace forging market databook
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Our clientele includes a mix of aerospace forging market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific aerospace forging market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific aerospace forging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific aerospace forging market size, by country, 2018-2030 (US$M)
Asia Pacific Aerospace Forging Market Outlook Share, 2024 & 2030 (US$M)
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