South America Aircraft Engine Forging Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Forging Type (Closed Die Forging and Seamless Rolled Ring Forging), Material Type (Nickel Alloys and Titanium Alloys), and Application (Fan Case, Comb

South America Aircraft Engine Forging Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Forging Type (Closed Die Forging and Seamless Rolled Ring Forging), Material Type (Nickel Alloys and Titanium Alloys), and Application (Fan Case, Combustion Chamber Outer Case, Turbine Disc, Rotors, and Others)

The aircraft engine forging market in SAM is expected to grow from US$ 174.44 million in 2021 to US$ 232.13 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2021 to 2028.

The rise in air traffic across the region is leading to an increase in demand for commercial aircraft. Aircraft manufacturers have increased their rate of production of commercial aircraft and helicopters over the years. Rise in the manufacturing of aircraft is directly magnifying the demand for aircraft engines over years. Additionally, airlines, aircraft operators, armed forces, and charter operators are likely to boost the demand for new engines as part of their fleet modernization and growth plans. The growing need for a new generation of engines with low emissions and weight, which would improve airplane fuel efficiency, is also contributing to the aircraft engine forging market proliferation. Companies are investing in the research and development of new engine models by employing cutting-edge technologies such as additive manufacturing and composite technologies. Thus, the rise in aircraft engine production worldwide is boosting the aircraft engine forging market.

Brazil accounts for highest number of COVID-19 cases, followed by Peru, Chile, Colombia, and Ecuador, among others. SAM government has taken an array of actions to protect their citizens and contain COVID-19's spread. Brazil is the largest spender in the aerospace industry and is the only modern aircraft manufacturing country in the region. Owing to this, the demand for components and aircraft related systems and technologies is at an all-time high in the country. The slowdown in commercial and military aircraft production in the country has impaired the supply chain in Brazil. This has weakened the demand for several components, including engines and forged engine components. Thus, the outbreak of COVID-19 has had a harsh impact on the South American aircraft engine forging market, especially in Brazil.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the aircraft engine forging market. The SAM aircraft engine forging market is expected to grow at a good CAGR during the forecast period.

SAM Aircraft Engine Forging Market Revenue and Forecast to 2028 (US$ Million)

SAM Aircraft Engine Forging Market Segmentation

SAM Aircraft Engine Forging Market - By Forging Type

Closed Die Forging Seamless Rolled Ring Forging SAM Aircraft Engine Forging Market - By Material Type

Nickel Alloy Titanium Alloy SAM Aircraft Engine Forging Market - By Application

Fan Case Combustion Chamber Outer Case Turbine Disc Rotors Others SAM Aircraft Engine Forging Market- By Country

Brazil Rest of SAMSAM Aircraft Engine Forging Market - Companies Mentioned

Allegheny Technologies Incorporated Doncasters Group Farinia Group LISI Group Otto Fuchs KG Precision Castparts Corp. Safran VSMPO-AVISHMA Corporation

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM aircraft engine forging market.
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The key findings and recommendations highlight crucial progressive industry trends in the SAM aircraft engine forging market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the aircraft engine forging market, as well as those hindering it
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