Aircraft Forging Market Report

Market Size & Opportunities

Global Demand Analysis & Sales Opportunities in Aircraft Forging Market

• The global aircraft forging market was valued at USD 26.1 billion in 2025 and is expected to reach USD 28.8 billion in 2026, representing a year-on-year growth of 10.3%.

• During the forecast period (2026–2034), the market is projected to grow at a CAGR of 4.0%, reaching USD 39.4 billion by 2034, representing nearly 1.5 times the market size recorded in 2025.

• North America is expected to remain the largest regional market owing to its mature aerospace manufacturing ecosystem and concentration of leading aircraft OEMs, engine manufacturers, and aerospace forging companies.

• Among aircraft types, commercial aircraft are expected to remain the largest demand generator for forged aerospace components due to rising aircraft deliveries, fleet modernization programs, and robust order backlogs from global airlines.

• Closed-die forging is expected to continue holding the largest share of the market owing to its ability to manufacture complex, high-volume aerospace components with superior dimensional accuracy, excellent repeatability, and minimal machining requirements.

• The engine segment is expected to remain the dominant application as forged components continue playing a critical role in compressor systems, turbine modules, shafts, disks, and other high-performance engine assemblies.

• Small parts are anticipated to register the fastest growth owing to increasing demand for lightweight, precision-engineered aerospace components used across modern aircraft platforms.

• Nickel-based alloys are expected to remain the preferred material because of their exceptional high-temperature strength, creep resistance, and widespread use in aircraft engine applications.

• Original Equipment (OE) is expected to remain the dominant end-user segment, while the aftermarket is projected to record the fastest growth due to increasing global aircraft fleets and expanding maintenance, repair, and overhaul (MRO) activities.

“According to an Analyst at Stratview Research, the global aircraft forging market is expected to generate a cumulative sales opportunity of more than USD 300.0 billion during 2026–2034. Increasing aircraft production, rising demand for advanced aircraft engines, growing utilization of premium aerospace alloys, and continuous advancements in forging technologies are expected to remain the primary market growth drivers throughout the forecast period.”

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Market Statistics

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

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Market Dynamics

The global aircraft forging market is witnessing steady growth, driven by increasing demand for high-strength, lightweight, and reliable aerospace components. Forging is widely used to manufacture critical engine, airframe, and landing gear parts due to its superior strength, fatigue resistance, and durability. Growing adoption of nickel-based superalloys, titanium, and aluminum alloys, along with investments in advanced forging technologies, automation, AI, and IIoT, is further enhancing manufacturing efficiency and supporting long-term market growth.

Market Drivers:

Rising commercial aircraft production rates

Sustained growth in global air travel demand is pushing airframers to increase build rates across narrowbody, widebody, and regional platforms. Since forgings form the backbone of load-bearing structural and rotating components (landing gear, wing attachment fittings, engine discs and shafts, pylons), any sustained increase in aircraft build rate translates directly into higher forging volume demand across the supply chain.

Large and growing order backlogs across OEMs

Elevated order books at major airframe and engine manufacturers create multi-year visibility into future forging demand, encouraging both OEMs and forging suppliers to invest in additional press and furnace capacity to keep pace with contracted delivery schedules.

Fleet renewal and replacement of aging aircraft

Airlines are progressively retiring older, less fuel-efficient aircraft in favor of newer-generation platforms with improved fuel burn and emissions performance. This replacement cycle drives new-build forging demand even independent of pure fleet growth, as replacement aircraft require a full complement of new structural and engine forgings.

Increased military aircraft, helicopter, and defense platform investment

Elevated defense spending across major economies is driving new fighter jet, military transport, and rotorcraft production programs, as well as fleet modernization and life-extension efforts. Military platforms tend to be forging-intensive given their higher structural load requirements and use of advanced titanium and nickel alloys, making defense investment a meaningful demand driver for the broader forging market.

Next-generation engine programs

New engine architectures designed for improved fuel efficiency and lower emissions (higher bypass ratios, higher pressure ratios, geared turbofan and open-fan concepts) require increasingly complex, high-performance forged discs, shafts, casings, and rings capable of withstanding greater thermal and mechanical stress, sustaining engine-side forging demand as these programs scale into production.

“As per senior analyst at Stratview Research, the aircraft forging market is entering a new phase of technological advancement as aerospace manufacturers prioritize lightweight structures, higher engine efficiency, and greater manufacturing precision. Companies capable of combining advanced forging technologies, premium aerospace alloys, intelligent manufacturing systems, and aerospace-certified production capabilities will be best positioned to capitalize on the growing demand for high-performance forged components across both commercial and defense aviation programs.”

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Market Challenges:

High capital intensity of forging capacity

Open-die presses, closed-die forging equipment, and ring-rolling mills all require substantial capital investment with long payback periods, making it difficult for suppliers to add capacity quickly in response to demand upswings, and creating risk of underutilization during downturns.

Long and rigorous qualification cycles

New forging sources, process changes, or capacity additions must pass through lengthy aerospace-specific quality certification and OEM qualification processes before parts can be used in production, significantly slowing the industry's ability to respond to shifting demand and limiting the pace at which new entrants can gain share.

Skilled labor shortages in forging operations

Forging remains a craft- and experience-dependent process reliant on skilled press operators, die designers, and metallurgists. An aging workforce combined with limited new entrants into heavy manufacturing trades constrains the industry's ability to scale output even where capital equipment is available.

Segments' Analysis

By Aircraft Type

“Commercial aircraft are expected to remain the major demand generator for forged products during the forecast period.”

Based on aircraft type, the aircraft forging market is segmented into Commercial Aircraft, Regional Aircraft, Helicopters, Military Aircraft, and General Aviation. Among these, commercial aircraft are expected to remain the largest demand generator throughout the forecast period, driven by rising global air passenger traffic, record aircraft order backlogs, increasing production rates of fuel-efficient narrow-body and wide-body aircraft, and continuous fleet modernization initiatives by airlines worldwide.

Commercial aircraft incorporate thousands of forged components across engines, airframes, landing gear systems, flight control mechanisms, and structural assemblies. Forged products are preferred because they offer superior mechanical strength, excellent fatigue resistance, refined grain flow, and exceptional structural reliability, making them ideal for highly loaded aerospace applications. As aircraft manufacturers continue increasing production of next-generation commercial aircraft, demand for high-performance forged components is expected to remain robust.

The military aircraft segment also contributes significantly to market demand owing to increasing defense modernization programs, procurement of advanced fighter aircraft, military transport aircraft, helicopters, and unmanned aerial systems. Meanwhile, regional aircraft, helicopters, and general aviation continue generating stable demand through fleet expansion, replacement programs, and increasing utilization across commercial, emergency response, and business aviation sectors.

By Process Type

“Closed-die forging is expected to remain the dominant process type in the aircraft forging market.”

Based on process type, the market is segmented into Open/Ring-Die Forging and Closed-Die Forging. Closed-die forging is expected to remain the dominant process owing to its ability to manufacture highly complex aerospace components with superior dimensional accuracy, excellent repeatability, near-net-shape capability, and minimal machining requirements.

Closed-die forging is extensively used for manufacturing turbine disks, compressor components, landing gear parts, structural fittings, brackets, connecting components, and numerous precision aerospace parts produced in high volumes. The process enables manufacturers to achieve tight tolerances, improved material utilization, and excellent mechanical properties while meeting stringent aerospace certification requirements.

Open/ring-die forging continues playing a critical role in producing large structural components such as engine shafts, seamless rings, disks, hubs, and heavy-duty aerospace forgings requiring exceptional grain flow and structural integrity. Both forging processes complement each other in supporting the diverse manufacturing requirements of modern aircraft platforms.

By Application Type

“Engine is expected to remain the largest application segment during the forecast period.”

Based on application type, the aircraft forging market is segmented into Engine and Airframe. Among these, the engine segment is expected to remain the dominant application owing to the extensive use of forged components throughout modern aircraft propulsion systems.

Aircraft engines incorporate forged turbine disks, compressor disks, shafts, rings, hubs, casings, and numerous rotating components that operate under extremely high temperatures, pressures, and rotational speeds. Forging provides the superior metallurgical properties, fatigue strength, creep resistance, and fracture toughness necessary to ensure long-term operational safety and reliability.

The airframe segment also represents a significant share of the market through applications including landing gear systems, wing structures, fuselage frames, bulkheads, structural fittings, brackets, and flight control components. Increasing use of lightweight materials and advanced structural designs continues supporting demand for forged airframe components capable of delivering high strength with reduced weight.

By Component Size Type

“Small parts are projected to be the fastest-growing segment during the forecast period.”

Based on component size type, the aircraft forging market is segmented into Small Parts and Large Parts. Small parts are expected to witness the fastest growth owing to increasing demand for precision-engineered aerospace components used across engines, airframes, flight control systems, hydraulic systems, and auxiliary aircraft assemblies.

Small forged parts, including fittings, brackets, connectors, couplings, bushings, fasteners, flanges, sleeves, and specialized engine hardware, are increasingly utilized in modern aircraft because of their superior mechanical properties, dimensional precision, and lightweight design. Advancements in closed-die forging and near-net-shape manufacturing technologies are enabling manufacturers to efficiently produce complex small components while minimizing machining requirements and improving material utilization.

Large parts, including turbine disks, compressor disks, engine shafts, landing gear cylinders, structural forgings, and seamless rings, continue accounting for a substantial share of the market owing to their critical role in aircraft structural integrity and propulsion systems. However, broader application diversity and increasing production volumes are expected to make small forged components the fastest-growing category over the forecast period.

By Material Type

“Nickel is expected to remain the most preferred material in the aircraft forging market.”

Based on material type, the market is segmented into Nickel, Titanium, Stainless Steel, Aluminum, and Others. Nickel-based alloys are expected to remain the dominant material category due to their outstanding high-temperature strength, oxidation resistance, creep resistance, and exceptional fatigue performance. These characteristics make nickel the preferred material for manufacturing turbine disks, compressor disks, shafts, rings, and other aircraft engine components operating under severe thermal and mechanical conditions.

As aircraft engine manufacturers continue increasing operating temperatures and improving engine efficiency, demand for nickel-based forged components is expected to remain strong. Advanced nickel superalloys enable manufacturers to produce durable engine components with outstanding long-term structural integrity and operational reliability.

Titanium continues witnessing increasing adoption in structural airframe applications because of its excellent strength-to-weight ratio and corrosion resistance. Aluminum remains widely used in lightweight structural applications where weight reduction is critical, while stainless steel supports various landing gear, structural, and high-wear aerospace applications. The others category includes specialty aerospace alloys designed for niche high-performance applications.

Regional Analysis

“North America is expected to remain the largest market for aircraft forging, whereas Asia-Pacific is projected to witness the fastest growth during the forecast period.”

North America is expected to maintain its dominant position in the global aircraft forging market throughout the forecast period, supported by its highly developed aerospace manufacturing ecosystem, strong aircraft production capabilities, advanced forging infrastructure, and the presence of leading aircraft OEMs, aircraft engine manufacturers, and aerospace forging companies. The region continues to serve as a global hub for commercial aviation, military aerospace, and aircraft engine manufacturing, generating sustained demand for forged components used in engines, airframes, landing gear systems, flight control assemblies, and other safety-critical aerospace applications.

The United States accounts for the majority of regional demand owing to the presence of major aircraft manufacturers such as Boeing, leading engine manufacturers including GE Aerospace and Pratt & Whitney, and globally recognized forging companies including Precision Castparts Corp., Howmet Aerospace, ATI Inc., Voestalpine AG's aerospace operations, and AVIC Heavy Machinery's international supply network. These companies manufacture a broad range of aerospace forgings including turbine disks, compressor disks, shafts, seamless rings, landing gear components, structural fittings, and precision forged parts that require exceptional metallurgical quality, dimensional accuracy, and fatigue resistance.

Asia-Pacific is projected to register the fastest growth during the forecast period. Rapid expansion of commercial aviation, increasing indigenous aircraft manufacturing, rising aircraft engine production, and growing investments in aerospace industrial infrastructure are driving strong demand for forged aerospace components across China, India, Japan, and Southeast Asia. Governments throughout the region continue supporting aerospace localization through industrial development programs, technology investments, and strategic initiatives aimed at strengthening domestic aerospace manufacturing capabilities.

“The study indicates that 85% to 95% of the global aircraft forging market is concentrated across the top 10 countries, reflecting the industry's close alignment with major aircraft manufacturing nations, aircraft engine production hubs, and specialized aerospace supply chains.”

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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. Aircraft forging manufacturers face intense competition and strive to differentiate their products by offering advanced features and improved performance.

The following are the key players in the aircraft forging market.

• Precision Castparts Corp.
• AVIC Heavy Machinery Co., Ltd.
• Howmet Aerospace
• ATI Inc.
• Voestalpine AG

Note: The above list is not an exhaustive list of the key players in the market. If your company is active in this market and would like to be considered for inclusion in future editions of this study, please contact us at [email protected].  

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Recent Developments / Mergers & Acquisitions

A fair number of M&A and joint venture activities over the past decade prove that inorganic growth is also a key strategy adopted by major players in order to stay ahead of the competition. Below are a few recent developments in the market –

• In June 2026, Forged Solutions Group acquired Custom Alloy Corporation. The New Jersey-based manufacturer brings specialized expertise across more than 170 alloys and deep-level ties to the U.S. Navy's nuclear supply chain.

• In April 2026, Indian engineering major Bharat Forge (via BF Industrial Solutions) acquired a 90% stake in RS Aerostructures to heavily expand its manufacturing footprint and structural assembly portfolio for the aerospace sector.

Research Methodology

Market Definition

In the aircraft industry, forging is used to produce various critical components for landing gears, engines, wing structures, fuselage parts, and other structural elements. These components require high strength, reliability, and fatigue resistance, which can be achieved through the forging process. The aircraft forging market is driven by the growing demand for commercial and military aircraft worldwide. As air travel continues to increase, aircraft manufacturers need a steady supply of high-quality forged parts to meet production requirements. Moreover, advancements in aircraft manufacturing technology and materials have led to the development of complex and lightweight forged components, further driving the demand for forging in the industry.

Government regulations, safety regulations, and technological developments are additional factors that have an impact on the market. For instance, the quality and safety standards of forged aircraft components are governed by stringent regulations and certifications, such as those from the Federal Aviation Administration (FAA) and The European Union Aviation Safety Agency (EASA).

Report Structure

This report provides the most comprehensive market intelligence. 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 and those looking 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.

• Attractive market segments and associated growth opportunities.

• Emerging trends.

• Strategic growth opportunities for the existing and new players.

• Key success factors.

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Segmentation

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

The aircraft forging market is segmented into the following categories:

Aircraft Forging Market, By Aircraft Type

• Commercial Aircraft

• Regional Aircraft

• Helicopter

• Military Aircraft

• General Aviation

Aircraft Forging Market, By Process Type

• Open/Ring-Die Forging

• Closed-Die Forging

Aircraft Forging Market, By Application Type

• Airframe

• Engine

Aircraft Forging Market, By Component Size Type

• Small Components

• Large Components

Aircraft Forging Market, By Material Type

• Nickel

• Titanium

• Stainless Steel

• Aluminum

• Other Materials

Aircraft Forging Market, By End-User Type

• OE

• Aftermarket

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 Rest of Asia-Pacific)

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

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

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, as well as with industry experts, to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respected clients:

Company Profiling

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

Competitive Benchmarking

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

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