Airfoils (Casting) Market to Witness Steady Growth through 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?

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