LONDON--(BUSINESS WIRE)--The global aerospace cold forgings market size is poised to grow by USD 1.25 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of 6% during the forecast period.
Read the 141-page research report with TOC on "Aerospace Cold Forgings Market Analysis Report by platform (fixed wing and rotary wing) and geography (APAC, Europe, MEA, North America, and South America) 2019 - 2023" at:
The market is driven by the advances in manufacturing of defense aircraft. Also, the growth of commercial aviation market is anticipated to further boost the growth of the market during the forecast period.
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Prominent countries around the world are engaged in improving their defense capabilities which will drive the growth of the market in focus. Several technological innovations and developments in air defense have led to an increase in procurement of the latest aircrafts by the defense department. This will lead to an increase in demand for cold-forged components, thus driving the growth of the global aerospace cold forgings market.
Furthermore, the global commercial aviation market is growing at a rapid pace, driven by the strong demand for domestic and international travel. This increase in air travel is leading to investments in the development of advanced aircrafts, which will also accelerate the demand cold-forged components.
To find out more about Aerospace Cold Forgings Market Research 2019-2023, https://www.technavio.com/talk-to-us?report=IRTNTR32083
The report includes detailed profiles of the leading companies & prominent vendors of the market:
- 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.
- STS Intelli
Market Segmentation by Category and Types:
The Aerospace Cold Forgings Market can be broadly categorized into the following:
- Fixed wing
- Rotary wing
Key Regions for the Aerospace Cold Forgings Market:
Featuring a breakdown of region-wise market shares until 2019.
- North America
- South America
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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