Aircraft Forging Market Analysis | 2025-2032

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in Aircraft Forging Market:

• The annual demand for aircraft forging was USD 23.6 billion in 2024 and is expected to reach USD 25.3 billion in 2025, up 7.0% than the value in 2024.

• During the forecast period (2025-2032), the aircraft forging market is expected to grow at a CAGR of 3.7%. The annual demand will reach USD 32.5 billion in 2032.

• During 2025-2032, the aircraft forging industry is expected to generate a cumulative sales opportunity of USD 240.6 billion, which is almost 2.5 times the opportunities during 2019-2024.

High-Growth Market Segments: 

• North America is expected to be the dominant whereas Asia-Pacific is expected to be the fastest-growing market over the next five years.

• By aircraft type, Commercial Aircraft is expected to remain the major demand generator for forged products in the coming years.

• By process type, Closed-die forging holds the largest share of the aircraft forging market 

• By application type, the Engine is expected to remain the biggest demand generator for forged products in the years to come.

• By component type, Small parts are forecasted to be the fastest-growing segment of the aircraft forging market.

• By material type, Nickel is expected to remain the most preferred material in the years to come.

• By end-user type, OE is expected to be the dominant segment, whereas aftermarket is expected to be the fastest-growing segment of the market.

Market Statistics:

Have a look at the sales opportunities presented by the aircraft forging market in terms of growth and market forecast.

Market dynamics

What is Aircraft Forging?

• Aircraft forging is a specialized metal forming process used to manufacture high-strength aerospace components by shaping heated metal using compressive forces. The process improves grain flow alignment and mechanical strength, enabling components to withstand high stress, vibration, and extreme operating conditions encountered in aircraft engines and structural systems.

• Aircraft forging plays a critical role in the production of aerospace engine components, landing gear parts, structural fittings, and airframe assemblies. Forged components offer superior fatigue resistance, durability, and structural integrity compared with cast or machined parts, making them suitable for safety-critical aerospace applications.

• Common aerospace forging methods include closed-die forging for precision structural parts, open-die forging for large aerospace components, and ring rolling used for turbine rings and engine structures. These processes are widely used with aerospace materials such as titanium alloys, nickel-based superalloys, aluminum alloys, and high-strength steels that provide the strength-to-weight ratio and high-temperature performance required in modern aircraft propulsion and structural systems.
   

Market Drivers

Increasing Aircraft Production Driving Demand for Forged Aerospace Components

• The steady growth in global aircraft production is a major factor driving demand for forged aerospace components. Modern aircraft incorporate hundreds of forged parts used in engines, landing gear assemblies, structural brackets, and airframe systems where high strength, fatigue resistance, and operational reliability are essential.

• According to forecasts published by Airbus in its Global Market Forecast, the aviation industry is expected to require approximately 43,420 new aircraft deliveries between 2025 and 2044. This sustained production outlook is expected to significantly increase demand for aircraft engine forgings, structural aerospace components, and landing gear forged parts across global aerospace supply chains.

• The global commercial aircraft fleet is also projected to expand from around 24,700 aircraft in 2024 to more than 49,000 aircraft by 2044, reflecting strong long-term demand for new aircraft manufacturing. High-volume aircraft platforms such as the Airbus A320neo, Boeing 737 MAX, Boeing 787 Dreamliner, and Airbus A350 rely extensively on forged components to ensure structural integrity and long-term operational safety, supporting the expansion of the global aircraft forging market.

Rising Production of Advanced Turbofan Engines

• The increasing production of next-generation turbofan engines is contributing significantly to the demand for aircraft forged components. Aircraft engines operate under extreme thermal and mechanical stresses, requiring components with high structural integrity and fatigue resistance.

• Critical engine components such as compressor disks, turbine disks, shafts, and structural rings are commonly produced using aerospace forging processes because these parts must withstand high rotational forces and elevated temperatures during engine operation.

• Leading engine manufacturers, including GE Aerospace, Pratt & Whitney, and Rolls-Royce Holdings continue to scale production of advanced turbofan engines used in modern aircraft programs, which is expected to increase demand for high-performance aerospace forgings across the global aircraft manufacturing supply chain.

Increasing Use of Large Structural Forgings in Landing Gear and Airframe Systems

• The increasing structural load requirements in modern aircraft are driving greater use of large forged components in landing gear and airframe structures. Aircraft landing gear systems must withstand extremely high loads during takeoff and landing operations, requiring components with exceptional strength and fatigue resistance.

• Widebody aircraft such as the Boeing 787 Dreamliner and Airbus A350 operate with maximum takeoff weights exceeding 230,000–280,000 kg, placing significant loads on landing gear assemblies and structural fittings. These systems are typically designed to withstand 20,000–30,000 flight cycles, increasing the need for high-strength forged structural components.

• As aircraft manufacturers continue to develop larger and more advanced aircraft platforms, demand for structural aerospace forgings used in landing gear beams, trunnions, axles, and airframe fittings is expected to increase across the global aerospace manufacturing supply chain.
   

Market Challenges

Raw Material Supply Constraints for Aerospace Alloys

• Aircraft forging relies heavily on high-performance materials such as titanium alloys and nickel-based superalloys used in aircraft engines and structural components. Disruptions in the supply of these materials can affect aerospace manufacturing schedules and forging production capacity.

• Historically, a significant share of aerospace-grade titanium has been supplied by VSMPO-AVISMA. Geopolitical developments and supply chain risks have encouraged aircraft manufacturers such as Airbus and Boeing to diversify sourcing strategies for critical aerospace materials.

• In addition, aerospace alloys require complex metallurgical processing, qualification, and certification before being used in flight-critical forged components. These requirements often result in longer material lead times and procurement challenges for forging manufacturers and Tier-1 aerospace suppliers.
   

Market Opportunities

Increasing Use of Titanium Forgings in Modern Aircraft Structures

• The growing use of titanium alloys in modern aircraft structures is creating new opportunities for aerospace forging manufacturers. Titanium offers an excellent strength-to-weight ratio, corrosion resistance, and high-temperature performance, making it suitable for critical aircraft components.

• Modern aircraft platforms such as the Boeing 787 Dreamliner and Airbus A350 incorporate significantly higher shares of titanium in structural and engine components compared with earlier aircraft generations. For example, the Boeing 787 contains approximately 15% titanium by weight, while the Airbus A350 uses around 14%, highlighting the growing role of titanium components in modern aircraft structures.

• As aircraft manufacturers continue adopting lightweight materials to improve fuel efficiency and structural performance, demand for titanium aerospace forgings used in engine systems, structural fittings, and landing gear components is expected to grow steadily.

Expansion of Aerospace Manufacturing in Asia-Pacific

• The rapid expansion of aerospace manufacturing capabilities in emerging economies is creating new opportunities for aircraft forging suppliers. Countries such as China and India are investing heavily in domestic aircraft production, aerospace manufacturing infrastructure, and supply chain development.

• Aircraft programs such as the COMAC C919 are contributing to the development of regional aerospace manufacturing ecosystems. As local aircraft production and maintenance capabilities expand, demand for aircraft engine forgings, structural aerospace forgings, and landing gear components is expected to increase significantly.

• The continued expansion of aerospace manufacturing across the Asia-Pacific is expected to strengthen regional aerospace supply chains and create long-term growth opportunities for companies operating in the global aircraft forging market.

Segment Analysis

By Aircraft Type

“Commercial aircraft is expected to remain the major demand generator for forged products in the coming years.”

• Stratview has first segmented the aircraft forging market in terms of aircraft type (commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation). 

• Commercial aircraft is anticipated to dominate the aircraft forging market in the coming years. The commercial aircraft segment is driven by increasing passenger traffic, fleet modernization, and fuel efficiency. Emerging markets, particularly in Asia-Pacific and the Middle East, are experiencing significant growth in air travel. A rise in the production rates of various commercial aircraft is anticipated to boost market demand in the coming years.

• Boeing, in its recent outlook (2023-2042), predicted that there would be deliveries of about 42,595 commercial and regional aircraft over the next twenty years, averaging over 2,130 aircraft each year. This growth in commercial aircraft deliveries, in turn, will drive down the demand for forged components.

By Process Type

“Closed-die forging holds the largest share of the aircraft forging market.”

• Based on the process type, the aircraft forging market is segmented into open/ring-die forging and closed-die forging. The closed-die forging type is expected to be larger as well as the fastest-growing segment of the market during the forecast period. Closed-die forging produces components with exceptional strength.

• The compressive forces applied during the forging process realign the metal's grain structure, improving its mechanical properties and ensuring high performance in demanding aerospace applications. Closed-die forging minimizes material waste and is used to manufacture cost-effective components.

By Application Type

“Engine to remain the biggest demand generator for forged products in the years to come."

• Based on the application type, the aircraft forging market is segmented into engine and airframe. Engine is expected to lead the aircraft forging market during the forecast period. Due to the critical nature of engine components and the continuous advancements in engine technology, the engine segment maintains significant dominance in the aircraft forging market.

• Strength, precision, and reliability offered by forged components are crucial for achieving optimal engine performance and meeting the demanding requirements of modern aircraft engines.

• CFM (Safran/GE JV) delivered 1,136 LEAP engines (certified for A320neo, B737Max, and C919) in 2022 and has set a target to deliver 1,700 engines in 2023 (>600-unit increase in 2022), despite supply chain disruption, these factors will result in healthy growth of the engine segment in the market.

By Material Type

“Nickel is expected to remain the most preferred material in the years to come.”

• Based on the material type, the market is segmented into nickel, titanium, stainless steel, aluminum, and others. Nickel is expected to maintain its dominance, whereas titanium is expected to register the highest growth during the forecast period due to the extensive use of nickel-based alloys in the manufacturing of critical aerospace components. Their high-temperature performance, corrosion resistance, strength, and fatigue resistance make them indispensable for ensuring the reliability, performance, and safety of aircraft structures and engine systems.

By End-User Type

“OE is expected to be the dominant segment, whereas aftermarket is expected to be the fastest-growing segment of the market.”

• Based on the end-user type, the market is segmented into OE and aftermarket. OE is expected to be the dominant segment, whereas the aftermarket is expected to be the fastest-growing segment of the aircraft forging market. 

• Increasing aircraft production rates of important aircraft programs like the B737 and A320 families, entry of new players in the market such as COMAC, and upcoming aircraft programs are a few of the factors propelling the growth of the OE segment.

Regional Analysis

“North America is expected to be the dominant whereas Asia-Pacific is expected to be the fastest-growing market over the forecasted period.”

• In terms of regions, North America is likely to remain the most dominant region, whereas Asia-Pacific is expected to be the fastest-growing region during the forecast period. 

• Various significant aircraft manufacturers, such as Boeing and Lockheed Martin, as well as various engine manufacturers, including General Electric and Pratt & Whitney, are based in North America. Most of the aircraft forged parts suppliers have their presence in the region to address the emergent needs of OEMs and to be the partners for their new programs or fuel-efficient versions of existing programs.

Competitive Landscape

The market is fairly populated with the presence of several regional and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the aircraft forging market. Aircraft forging manufacturers face intense competition and strive to differentiate their products by offering advanced features and improved performance.  

• Precision Castparts Corp.

• AVIC Heavy Machinery Co., Ltd.

• Howmet Aerospace

• ATI Inc.

• Voestalpine AG 

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.

• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.

• Market trend and forecast analysis.

• Market segment trend and forecast.

• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.

• COVID-19 impact and its recovery curve.

• Attractive market segments and associated growth opportunities.

• Emerging trends.

• Strategic growth opportunities for the existing and new players.

• Key success factors.

Market Segmentation 

The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The aircraft forging market is segmented into the following categories. 

Aircraft Forging Market, by Aircraft Type

• Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Forging Market, by Process Type

• Open/Ring-Die Forging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Closed-Die Forging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Forging Market, by Application Type

• Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Forging Market, by Component Size Process Type

• Small Components (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Large Components (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Forging Market, by Material Type

• Nickel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Titanium (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Stainless Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Aluminum (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Forging Market, by End-User Type

• OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aircraft Forging Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)

• Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)

• Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)

• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s aircraft forging market realities and future market possibilities for the forecast period 

• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.

• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.

• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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Company Profiling

• Detailed profiling of additional market players (up to three players)

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Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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