Aircraft Engine Casting Market is Forecasted to Reach US$13.7Billion in 2032, Says Stratview Research

The global Aircraft Engine Casting market size was valued at US$9.8 billion in 2024 and is projected to reach US$13.7 billion by 2032, witnessing a market growth CAGR of 3.8% 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 Engine Casting 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 Engine Casting Market:

The global Aircraft Engine Casting market is segmented based on Aircraft Type, Engine Type, Application Type and Component Type:

By Aircraft Type

“Commercial aircraft is likely to remain the biggest aircraft category in terms of demand for aircraft engine casting during the forecast period.”

• The market is segmented into commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft. Commercial aircraft lead the market, driven by high passenger demand and the need for frequent maintenance.
• With the rising geopolitical tensions, global defense spending rose to significantly in 2024, particularly in regions such as Europe and the Middle East. This led to stronger demand for advanced fighter jets, making military aircraft the second-largest category.

By Engine Type

“Turbofan is expected to remain the most dominant engine type in the market, while also witnessing the fastest growth during the forecast period.”

• Based on engine type, the market is segmented into turbofan engines, turboprop engines, and other engines. Turbofan engines lead the market due to their dominant role in the global aeroengine industry.
• Turbofans require a large number of precision-cast components, especially in the turbine and combustor sections, where parts must withstand extreme temperatures and mechanical stress.

By Application Type

“Turbine applications are expected to maintain their dominance in the market and are projected to grow at the fastest pace over the forecast period.”

• Based on the application type, the market is segmented into fans, compressors, combustion, turbines, and other applications. Turbine applications continue their dominance and are expected to be the fastest-growing segment in the market, driven by their critical role in modern engine performance
• Due to their exposure to high temperatures and intense mechanical stress, turbine components are typically made from nickel-based superalloys that demand specialized processing methods.

By Component Type

“Airfoils are expected to remain the leading component of the market and are also projected to grow at a faster pace.” 

• Based on the component type, the market is segmented into airfoils and engine structures. Airfoils play a vital role in engines by extracting energy from high-temperature, high-pressure gases and turning it into mechanical power.
• Airfoils are made from high-strength, lightweight alloys that can withstand extreme engine environments such as high rotational speeds, elevated temperatures, and severe fatigue stresses, making them critical to aeroengine durability and performance.

To know the most attractive segments, click here for a free sample of the report:

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

“North America is expected to remain the largest market, whereas Asia-Pacific is likely to grow at the fastest rate during the forecast period.”

• North America is currently the largest and most dominant market for aircraft engine casting. Particularly, GE Aerospace is the largest user of cast parts in the region, operating multiple assembly sites across the U.S.
• Europe holds the second-largest share, largely driven by Airbus’s continued growth and success in recent years. France and Germany remain the key contributors, hosting both major manufacturing facilities and a strong aerospace supplier base

Competitive Landscape: Top Companies in the Aircraft Engine Casting Market:

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.

Here is the list of the Top Players (Based on Dominance)

• Howmet Aerospace
• Precision Cartparts Corp. (PCC)
• Consolidated Precision Products Corp.
• Chromalloy Gas Turbine LLC
• Doncasters Group Limited
• Hitchiner Manufacturing Co., Inc.
• Impro Precision Industries Limited
• MetalTek International, Inc.

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.

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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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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