Large automotive and aerospace parts are critical components utilized in automobiles and aircraft, playing a crucial role in their operation and structural integrity. These parts, including fuselage sections, wings, engine parts, and chassis components, require advanced materials and precise engineering in their manufacturing processes such as casting, forging, or machining.
A report indicates that the global market for large automotive and aerospace parts was valued at US$ 8.4 billion in 2023, with a projected reach of US$ 12.2 billion by 2030, and a forecasted compound annual growth rate (CAGR) of 5.8% during the period. This assessment considered the impact of COVID-19 and the Russia-Ukraine War on the industry.
Notable manufacturers of these parts at a global level comprise of Plitek, Nifco, NSF-ISR, GTMA, Woodward, GE Aviation, Pratt & Whitney, Superior Air Parts, and Sainty Aluminum Co. As of 2023, these top five players held a significant share in terms of revenue.
The primary objective of this report is to present a comprehensive overview of the global market for large automotive and aerospace parts, offering both quantitative and qualitative analysis to assist readers in making well-informed business decisions. It covers market size and forecasts, insights from industry experts, market segmentation, and detailed analysis of leading market participants.
The market is segmented based on type into die casting, permanent mold casting, sand casting, and other processes, as well as application into automotive, aerospace, and others. Furthermore, it is analysed across geographical regions to provide a comprehensive understanding of the industry.
In addition, the report features detailed profiles of key companies, their revenues, and their share of revenues in 2023, as well as highlighting the industry’s main points and conclusions.
In conclusion, the report seeks to provide a thorough understanding of the global market for large automotive and aerospace parts, aiding industry players and stakeholders in their decision-making processes for growth and development.