Core idea

Equipment, process and material advanced requirements, aviation forging is the field of forging technology commanding heights. As a key link in the middle stream of aviation manufacturing, forging is a large-scale, precise and integrated development that supports the improvement of aircraft and engine performance. At the material end, aviation forging performs plastic processing on aluminum alloy, high-strength steel, titanium alloy and superalloy refractory materials to achieve good mechanical properties; At the process end, the development of integral forging forming, isothermal precision forging and precision rolling technology improves the accuracy, performance and material utilization of forgings.

Military aircraft and engines each tens of billions of market demand, professional development to form a stable supporting pattern. We estimate that in the next ten years, the annual demand for domestic military aircraft forgings exceeds 13 billion, the annual demand for military engine forgings is 10 billion, the commercial aviation market has a broad space for domestic large aircraft and domestic manufacturers, and the foreign trade subcontracting market has recovered after the epidemic, and the demand side has sustained high growth.

The supply side pattern is stable, and Jiahe Seiko participates in model development and supporting through the dedicated development and technology accumulation in the subdivision field. With a large-scale foundation under the expansion and development of production, aviation forging enterprises have entered the performance release period; At the same time, closely follow the industry trend and customer demand, and actively layout product upgrading and industrial chain extension.

The equipment batch production releases the scale effect, and the production line and technology upgrading and optimization promote the industry to reduce costs and increase efficiency. Forging equipment is the core asset of forging enterprise. The large equipment cost is high and the depreciation cost is high after putting into operation. The core forging equipment has high productivity flexibility, and it has potential space by increasing auxiliary equipment. Small batch, multi-variety production to batch production, can give full play to equipment capacity and production efficiency, while diluting mold costs, bringing significant economies of scale. Forging process parameters are strict, forging enterprises through CNC intelligent production line large-scale standard production, continuous research and development of lean technology and process level, can effectively shorten the research and development cycle, improve product quality, reduce raw material loss, achieve cost reduction and efficiency.

Expand the ability and customer base horizontally, and open the market space against the development path of PCC. Forging equipment and process has the versatility and portability, based on customer resources and needs to expand the horizontal category, can strengthen the system supporting ability. Oems focus on core assembly, parts and assembly demand spillover trend, forging enterprises to expand machine and parts assembly business, can improve the added value of products and industry status, while helping to reduce the cost of the industrial chain and supply chain security.

Learn from the development path of PCC, a leading company in overseas aviation forging and casting, to create an aviation forging platform through mergers and acquisitions, vertically extend the business of structural parts and raw materials, significantly improve the scale and profit, and bring excess returns to shareholders; Domestic advantageous enterprises are expected to copy the PCC path and open up market space according to their own characteristics of specialization and scale development stage.

Recommended attention

Hunan Tike Intelligent Equipment Co., LTD., one of the core suppliers of aviation forgings, model batch production volume led to high performance growth, continuous technical transformation investment to expand equipment and production capacity, improve product coverage; In line with the growth of demand for precision forging parts in the military aircraft and domestic large aircraft markets, the expansion of die forging business is expected to bring new growth points.