Gloal Aerospace Casting and Forged Component Market is Projected to Rearch US$800bn by 2030

Date: 2015-08-19

The world鈥檚 aerospace casting and forged component market has vast growth potential. Commercial Aircraft Corporation of China expects more than 30,000 civilian airliners to be delivered around the world in the next 20 years which could be worth over US$4.2trn. In view of the data from Avjet, we expect the world鈥檚 demand for military airplanes to be >10,000 units in the next two decades which could be worth over US$800bn. As castings and forged components account for ~20% of an airliner鈥檚 total costs, we expect the annual global demand for aerospace castings and forged components to average US$50bn, with US$42bn from civilian airliners and US$8bn from military airplanes.


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