Aircraft Closed-Die Forging Market Analysis 2025-2032

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in Aircraft Closed Die Forging Market:

• The annual demand for aircraft closed die forging was USD 18.0 billion in 2024 and is expected to reach USD 19.2 billion in 2025, up 7.1% than the value in 2024.

• During the forecast period (2025 to 2032), the aircraft closed die forging market is expected to grow at a CAGR of 3.6%. The annual demand will reach of USD 24.8 billion in 2032.

• During 2025-2032, the aircraft closed die forging industry is expected to generate a cumulative sales opportunity of USD 183.6 billion.

High-Growth Market Segments:

• North America is expected to remain the largest market over the upcoming years, whereas Asia-Pacific is expected to grow at the fastest rate during the same period. 

• By Aircraft type, Commercial Aircraft is anticipated to remain the biggest demand generator for the engine casting market in the years to come.

• By Application type, Engine is projected to dominate the market and is expected to grow at the fastest pace.

• By Component type, Small Components are projected to hold the major share and are anticipated to grow at a faster pace.

• By Material type, Titanium is expected to be the fastest-growing material in the market over the forecast period.

• By End-Use type, OE is the most dominant end-user type and is expected to lead the market during the forecasted period.

Market Statistics:

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

Market Dynamics

What is Aircraft Closed-Die Forging?

• Aircraft closed-die forging is a precision metal forming process applied in the production of high-strength aerospace components by compressing heated metal within a shaped die cavity. The dies fully enclose the material, enabling manufacturers to produce complex, near-net-shape parts with tight dimensional tolerances and excellent mechanical properties. The process improves grain flow alignment, enhances fatigue resistance, and delivers the structural reliability required for flight-critical aerospace applications.

• Closed-die forging is widely adopted in aerospace component manufacturing, particularly for producing aircraft engine forgings and structural aerospace parts such as turbine disks, compressor disks, landing gear components, structural brackets, and shafts. These components must withstand high stress, vibration, and temperature variations in aircraft engines and airframe systems.

• The process is commonly applied to aerospace materials, including titanium alloys, nickel-based superalloys, aluminum alloys, and high-strength steels. Closed-die forging also supports near-net-shape manufacturing, reducing machining requirements while improving material utilization during the production of precision aerospace components.
   

Market Drivers

Increasing Aircraft Production Driving Demand for Precision Forged Components

• The continued growth in global aircraft production is a key factor supporting the aircraft closed-die forging market, as modern aircraft incorporate hundreds of forged components across propulsion systems, landing gear assemblies, and structural frameworks. These precision aerospace forged components are essential for maintaining structural strength and operational reliability in commercial and military aircraft platforms.

• According to the Airbus Global Market Forecast, more than 43,000 new commercial aircraft deliveries are projected worldwide between 2025 and 2044, supported by rising passenger traffic and expanding airline fleets. This large aircraft production pipeline will drive substantial demand for aircraft engine forgings, structural fittings, and other aerospace forged components used across aircraft manufacturing programs.

• Closed-die forging remains an essential process for producing high-performance aerospace parts such as turbine disks, compressor disks and hubs, structural fittings, and certain shaft components, where high dimensional precision, fatigue resistance, and mechanical strength are required for safe aircraft operation.

Growing Demand for High-Performance Aircraft Engines

• Aircraft engines operate under extreme mechanical loads and elevated temperatures, requiring components with exceptional strength, fatigue resistance, and thermal stability. Closed-die forging is widely relied upon in aircraft engine manufacturing because the process produces dense metal structures with refined grain flow and superior mechanical performance.

• Modern turbofan engines contain numerous forged parts, including compressor disks, turbine disks, shafts, and structural rings. These components are typically produced using titanium alloys in compressor sections and nickel-based superalloys in high-temperature turbine sections, where materials must withstand temperatures exceeding 1,000°C in high-pressure turbine environments.

• Major engine manufacturers such as General Electric, Pratt & Whitney, and Rolls-Royce are increasing production of next-generation turbofan engines for aircraft programs, including the Airbus A320neo and Boeing 737 MAX families. The ramp-up in engine production will further strengthen demand for precision aerospace forged components and aircraft engine forgings.
   

Market Challenges

Raw Material Supply Risks for Aerospace Alloys

• The aerospace forging industry depends heavily on high-performance materials such as titanium alloys and nickel-based superalloys used in aircraft engine components and structural aerospace parts. Any disruption in the supply of these materials can affect forging production schedules and aerospace manufacturing timelines.

• Historically, a significant portion of aerospace-grade titanium was supplied by VSMPO-AVISMA in Russia, creating supply concentration risks during geopolitical disruptions. Aircraft manufacturers such as Boeing and Airbus have gradually diversified sourcing strategies to strengthen supply chain resilience.

• In addition, aerospace-grade alloys require complex metallurgical processing and strict certification procedures, often resulting in longer production lead times. These factors can increase procurement complexity and occasionally create supply challenges for forging manufacturers and Tier-1 aerospace suppliers supporting aircraft programs.
   

Market Opportunities

Expanding Global Aircraft Fleet Driving Long-Term Aftermarket Demand

• The growth of the global aircraft fleet presents substantial opportunities for suppliers of aerospace forged components, including closed-die forging manufacturers. Commercial aircraft typically remain in service for 20–30 years, requiring periodic maintenance, repair, and replacement of critical structural and engine components.

• According to long-term projections from Airbus, the global commercial aircraft fleet is projected to nearly double by 2044. This expanding fleet will generate sustained aftermarket demand for aircraft engine forgings, structural brackets, shafts, and other precision forged aerospace components used in engine overhaul, maintenance, and repair activities.

Growing Aerospace Manufacturing Capacity in Asia-Pacific

• The growing aerospace manufacturing capacity in emerging economies is opening new avenues for suppliers of aircraft forged components and aerospace structural parts. Countries such as China and India are investing in domestic aircraft production and aerospace supply chains to strengthen regional manufacturing ecosystems.

• Aircraft programs such as the COMAC C919 are contributing to the development of regional aerospace industries and supplier networks. As aircraft production, assembly, and maintenance activities increase across the Asia-Pacific region, demand for high-strength forged components used in engines, landing gear systems, and structural assemblies will continue to rise, supporting sustained growth for aerospace forging manufacturers.

Segment Analysis

By Aircraft Type

"Commercial aircraft segment accounted for the largest market share."

• Stratview Research has first segmented the aircraft closed-die forging market based on aircraft type: commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation. Commercial aircraft are expected to dominate the aircraft closed-die forging market in the coming years. 

• The demand for these components is being driven by factors such as rebounding air passenger traffic, pushing an increase in the production rate of key aircraft programs, new market entrants like COMAC and Irkut, the introduction of new fuel-efficient variants of existing aircraft programs, and growing aircraft fleet sizes. Boeing and Airbus anticipate the deliveries of more than 40,000 aircraft in the next twenty years, supporting sustainable growth in the long term.

By Application Type

"The engine segment accounted for the largest market share."

• The aircraft closed-die forging market is segmented into airframe and engine. The engine is expected to lead the aircraft closed-die forging market during the forecast period. Engines for every aircraft type require a wide range of high-performance components that can withstand extreme operating conditions. Closed-die forging is commonly used in manufacturing engine components due to its ability to produce parts with high strength, excellent fatigue resistance, and dimensional accuracy.

• Engine components, such as turbine disks, compressor blades, shafts, and connecting rods, are produced through closed-die forging. Further, the key engine manufacturers are setting targets to increase their production of engines in the future, which will lead to a boost in the demand for closed-die forged products for engines.

By Material Type

"Nickel segment accounted for the largest market share."

• The market is segmented into nickel, titanium, stainless steel, aluminum, and others. Nickel is expected to maintain its dominance during the forecast period. The unique properties of nickel-based alloys and their ability to meet stringent performance standards make them essential for producing critical components. Nickel-based alloys are suitable for crucial parts in aviation engines and airframes because they have exceptional high-temperature strength, corrosion resistance, and mechanical qualities.​

Regional Analysis

"North America accounted for the largest market share."

• North America is likely to remain the most dominant region, while the Asia-Pacific is expected to be the fastest-growing region in the long term. North America is home to several major OEMs and tier players, including Boeing, and numerous engine manufacturers such as General Electric and Pratt & Whitney. 

• These companies have a substantial demand for closed-die forged parts for a series of aircraft and engine applications. These industry leaders' presence contributes to North America's dominance in the market. Europe and the Asia-Pacific have a high penetration of aircraft closed-die forging and offer sizeable market opportunities.
   

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Competitive Landscape

Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the aircraft closed die forging market -  

• Precision Castparts Corp.

• Forgital Group

• ATI Inc.

• Doncasters Group

• Voestalpine BÖHLER Aerospace GmbH & Co KG

• Aubert & Duval SAS

• Otto Fuchs KG

• Howmet Aerospace

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at [email protected]

Recent Developments/Mergers & Acquisitions:

March 2026 – Precision Castparts Corp. acquired Morvern Group

• The company acquired Morvern Group, a UK-based aerospace engineering firm specializing in tooling, wax patterns, and ceramic core assembly used in turbine component manufacturing.

• The acquisition enhances Precision Castparts’ aerospace supply chain capabilities and strengthens its support for aero-engine production programs. It also expands the company’s European engineering and manufacturing presence, supporting turbine component manufacturing.

December 2025 – Howmet Aerospace announced the acquisition of Consolidated Aerospace Manufacturing (CAM)

• The company entered into a definitive agreement to acquire Consolidated Aerospace Manufacturing (CAM) from Stanley Black & Decker for approximately USD 1.8 billion.

• CAM manufactures precision fasteners, fittings, and engineered aerospace components used across aircraft and defense platforms. The acquisition is expected to strengthen Howmet’s aerospace component portfolio and expand its capabilities in mission-critical aircraft systems. The transaction is expected to close in 2026 following regulatory approvals.

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 closed die forging market is segmented into the following categories:

Aircraft Closed Die Forging Market, by Aircraft Type

• Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Closed Die Forging Market, by Engine Type

• Turbofan (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Turboprop (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Other Engines (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Closed Die Forging Market, by Application Type

• Fans (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Compressor (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Combustion (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Turbine (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Other Applications (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Closed Die Forging Market, by Part Type

• Airfoils (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Engine Structures (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Closed Die Forging Market, by Process Type

• Investment Casting (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Die & Other Casting (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Closed Die Forging Market, by Material Type

• Nickel Parts (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Titanium Parts (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Stainless Steel Parts (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Other Material-based Parts (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Closed Die Forging Market, by End-User Type

• OE Sales (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Aftermarket Sales (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Closed Die Forging Market, by Region

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

• Europe (Country Analysis: Germany, France, The UK, Russia, Spain, and 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 closed-die 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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• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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