Aircraft Closed Die Forging Market is Forecasted to Reach US$24.8Billion in 2032, Says Stratview Research

The global Aircraft Closed Die Forging market size was valued at US$18.0billion in 2024, and is projected to reach US$24.8billion by 2032, witnessing a market growth CAGR of 3.6% from 2025 to 2032, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Aircraft Closed Die Forging Market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics

Segment Insights & Market Share Analysis of the Aircraft Closed Die Forging Market:

The global Aircraft Closed Die Forging market is segmented based on Aircraft type, application type, Material type:

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.  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.

• 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.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

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.

Competitive Landscape: Top Companies in the Aircraft Closed Die Forging Market:

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

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

What Deliverables Will You Get in this Report?

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Related Reports:

Aircraft Open Die Forging Market

Aircraft Forging Market

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