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Aircraft Engine Casting Market is Forecast to Reach US$ 11.7 Billion in 2028, Says Stratview Research
https://www.stratviewresearch.com/Request-Sample/3311/aircraft-engine-casting-market.html#form
The global aircraft engine casting market is segmented based on application , , and region.
- The aircraft engine casting market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation. The demand for new commercial aircraft in the wake of rebounding air passenger traffic will be the key driving force of the market demand. Almost all the major airframers have announced to raise the production rates of their key programs. Supply chain disruption, labor shortage, inflation, etc. remain the major factors, increasing difficulties in achieving those targets. For instance, Boeing is targeting to produce an average rate of between 33 and 38 737s per month for 2023 (a total of about 400-450 units for the year), lower than that of its earlier projections (38 units per month in the first half of 2023 and 47 units per month by the end of 2023).
The aircraft engine casting market is segmented into turbofan, turboprop, turbojet, and turboshaft. due to the increasing demands from commercial aircraft and business jets across regions. The turbofan engine is the most fuel-efficient and generates very little noise among all engines. Leap engine is likely to remain the biggest demand generator for cast parts in the foreseeable future. CFM (Safran/GE JV) delivered 1,136 LEAP engines (certified for A320neo, B737Max, and C919) in 2022 and has set a target to deliver 1,300 engines in the year 2023, despite supply chain disruption.
- The market is segmented into investment casting and die & other castings. Investment casting has a host of advantages like high accuracy and precision; superior surface finish; high strength and durability; and design flexibility, making the process the most preferred choice for manufacturing engine components. All the leading cast parts suppliers, such as PCC and Howmet, are mainly relying on the investment casting process.
The market is segmented into nickel, titanium, stainless steel, and others. Nickel alloys offer superior adhesion, corrosion resistance, and toughness. They are suitable for situations where stress needs to be minimized. The Russo-Ukrainian war led to several changes in the market dynamics, especially at the raw material level. Titanium is sourced mostly from Russia by both Boeing and Airbus. The ban on imports from Russia after the war led to an acute increase in the price of all Russian-dependent materials, especially titanium, whose tremor was felt across the value chain including cast parts.
https://www.stratviewresearch.com/Request-Sample/3311/aircraft-engine-casting-market.html#form
The report suggests that This growth is majorly attributed to the following –
Some of the key drivers listed in the report are given below.
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The market is fairly consolidated with the presence of some global and regional players. Stratview Research has identified the following companies as the top market players.
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