The aerospace forging plays a crucial role in myriad industries, including aerospace. The rising aircraft production, both commercial and military aircraft has led the aerospace forging market players to witness tremendous demand for their products. The aircraft manufacturers are procuring the advanced technologies from the aircraft component manufacturers to deliver aircraft integrated with enhanced technologies. The aircraft component manufacturers are constantly tending towards forged products for their components. North America is the most dominant region in the global market owing to the fact that the region is heavily concentrated with aerospace forging companies. The region houses a number of well-established aircraft manufacturers, aircraft engine manufacturers, and other aircraft component manufacturers.

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The most prominent market players in the aerospace forging market are Arconic Inc., Mettis Aerospace, and Bharat Forge Ltd., among others for a considerable share of the market owing to their product offerings to the market. Companies have taken several market initiatives with respect to product innovation to expand their footprint across the world and fulfill the growing demand of the market. For instance, in 2019, Pratt & Whitney, Division of United Technologies Corp has introduced C5 press. It is a new isothermal vacuum forge press revealed by the company’s Columbus Forge Disks business area. The new mechanism would be used in the production of compressor rotors and turbine disks for the engines of Pratt & Whitney.

Manufacturing of aircraft in the North America region is booming. Increasing disposable income, especially in the US and Canada, along with rising time constraints, has led the region to witness substantial growth in the aviation sector. The majority of air travelers is expected from the US market. Globalization and immigration are some of the factors which have positively impacted inbound and outbound air passenger traffic of the region. An ever-growing outlook on the air travels in the domestic as well as international arena positively impacts on the aerospace forging market as well. North America is a shelter for over 40% of the global helicopter fleet and therefore plans to purchase and replace existing fleet with new in coming few years. The region is proficient at catering the market requirement of aerospace. By replacing the existing fleets with new helicopters, growth opportunities for the business of aerospace forging would grow simultaneously.

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