Airfoils (Casting) Market: Global Industry Analysis and Forecast 2023-2028

Airfoils (Casting) market for airfoils is projected to grow at a notable CAGR of over 7% throughout the forecast period to reach US$ ~9 Billion in 2028.

Stratview Research delivers key insights on the Airfoils (Casting) Market . According to Stratview Research, the market is segmented by Industry Type  (Aircraft and Industrial Gas Turbine),  by Application Type  (Blades, Vanes, Shrouds, and Others),  by Material Type  (Nickel, Titanium, Stainless Steel, and Others),  by End-User  (OE and Aftermarket), and  by region.

Market Insights

The report suggests that the overall Airfoils (Casting) Market  is projected to grow at a notable CAGR of over 7% throughout the forecast period to reach US$ 9 Billion in 2028.

Recent Market Movements:

  • In 2022,  Siemens acquired Advanced Airfoil Components (AAC),  a business operating as a joint venture of Siemens Energy and Chromalloy since November 2016.
  • In 2019,  Precision Castparts Corp. established a new R&D Campus  for aviation engineering and manufacturing in Mason, Ohio.
  • In 2018,  Consolidated Precision Products acquired Selmet Inc.,  this acquisition elevates CPP's product line of highly designed components for aerospace and military markets. 

Regional Analysis

In terms of regions, North America is expected to remain the largest market for airfoils, whereas Asia-Pacific is expected to be the fastest-growing region during the forecast period. The United States has the largest domestic airfoils market in the world. North America has many major OEMs, such as Boeing and Airbus, making the region a growth engine of the aerospace industry.

Key Players

The following are some of the key players in the Airfoils (Casting) Market:

  • Howmet Aerospace
  • Precision Castparts Corp.
  • Consolidated Precision Products
  • Doncasters Group
  • Chromalloy Gas Turbine LLC

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

-          What is the global demand for Airfoils (Casting) market in terms of revenue?

-          Which are the prominent players in the market?

-          At what CAGR is the market projected to grow within the forecast period?

-          What are the driving factors fuelling the growth of the market?

-          Which region accounted for the largest share in the market?

-          How did the Covid19 impacted the market?

-          How long will it take to recover from the Covid impact?

Why Stratview Research?

-          Exhaustive qualitative and quantitative data

-          Uninterrupted post-sales support

-          Appropriate market trend and forecast analysis.

-          All-inclusive report

-          Decent price-performance ratio

-          Reliable data

-          Attractive market segments and associated growth opportunities.

-          Customised report services

About Us –

Stratview Research is a leading global market research firm providing expert research solutions, trusted by clients worldwide. To keep our clients ahead of the curve, we provide data backed by extensive market research and in-depth industry knowledge. The broad spectrum of integrated insights is referred to, and cited by press releases, interviews with key players, white papers, journals, etc. Stratview research also offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our team.

Get in touch with us for more details –

Call: +1-313-307-4176 Or Mail Us:   sales@stratviewresearch.com


ivar kings boneless

57 Blog posts

Comments