Market Size and Growth Outlook
The Global Aerospace Forging Market is projected to grow from USD 28.26 Billion in 2025 to USD 47.35 Billion by 2034. The market is expected to expand at a CAGR of 5.4% during the forecast period from 2026 to 2034.
Key Report Highlights
The aerospace forgings represent metal parts made through compressive processes like pressing, squeezing, and beating in order to make precise aircraft parts. Such metal parts offer higher structural strength, improved mechanical performance, fatigue resistance, precision, and increased longevity. These metal parts are able to endure extreme temperatures, pressures, and stresses without compromising on their structural form. The aerospace forging industry is growing due to an increase in air travel, aircraft deliveries, investments in aircraft plants, and developments in air defense systems.
Forgings for aerospace industry are required for the manufacture of various parts of commercial and military aircraft like engines, landing gears, structural parts, turbine discs, compressor rings, pylons, and brake parts. Titanium, aluminium alloys, stainless steel, and nickel-based superalloys are the commonly used materials in aerospace forgings owing to their high strength and high strength to weight ratio. The use of advanced forging processes, which include closed die forging and isothermal forging, allows the parts to sustain themselves under rigorous thermal, mechanical, and pressure stresses. Increased air travel, commercial aircraft deliveries, investments made in the manufacture of aircraft, and defence aircraft production are some of the factors contributing to the growth of the market.
On the basis of process type, closed die forging segment accounted for the largest market share of 54.28% in 2025, owing to its ability to produce complex aerospace components with high strength, durability, and tight tolerances. Meanwhile, seamless rolled rings forging segment is expected to register the highest CAGR during the forecast period, driven by its superior strength, ductility, pressure resistance, and suitability for various aerospace applications. In terms of material, aluminium alloys were the leading players in the global aerospace structural materials market, capturing the largest market share in 2025 due to their light weight, high strength, corrosion resistant nature and fuel efficiency. On the other hand, titanium & titanium alloys are projected to experience the highest CAGR over the forecast period owing to their high strength to weight ratio, heat resistance, durability, and corrosion resistance. Regarding the type of aircraft, fixed wing aircraft were the frontrunners and had captured the highest market share in 2025 due to increased production of commercial aircraft and needs for range and endurance. Rotary wing aircraft were expected to have a considerable CAGR in the forecast period, supported by rising defense spending, emergency rescue activities, and innovations in helicopters. On the basis of application, engine/propulsion parts were the frontrunners and captured the highest market share in 2025 due to its usage in commercial and military aircraft and having excellent strength, light weight, and heat resistant properties. Based on end-user, the commercial aviation segment held the highest market share in 2025, fueled by increasing air traffic, production of commercial aircraft, and need for lightweight and durable forged components. The military & defense segment was expected to have a significant CAGR in the forecast period due to increasing defense spending, air defense modernization, and increasing demand for advanced military aircraft.
The Asia-Pacific aerospace forging market size is forecast to be at USD 7.02 Billion in 2025, while its value will exceed more than USD 12.26 Billion in 2034, as China leads the revenue market share at 34.72%. Some of the growth factors include increasing number of air passengers, growing production of commercial aircraft, defense upgradation, geopolitical situations, and growing investment in military capabilities. In a similar way, North America is anticipated to achieve a value of more than USD 16.60 Billion by 2034 owing to commercial aircraft delivery, manufacturing facility development, and defense upgradation. Further, increased production of aircraft, air defense investments, and need for durable aircraft components will aid in the growth of Europe. The Latin America, Middle East, and Africa region will see tremendous growth because of commercial aviation, regional wars, border security, and intelligence needs.
Aerospace Forging Market Trends
Titanium and aluminium alloy forging is commonly utilized by aerospace companies to make aircraft lighter, thus improving their performance.
In aerospace forging, advanced forging techniques such as closed-die, open-die and isothermal forging are increasingly utilised to get better dimensionalities and strengths.
The rising number of commercial aircraft and the expanding fleet size of global airlines are leading to greater demand for forgings that are applied to engines, landing gears, structures, and other parts of aircrafts.
An increased utilization of titanium, nickel-based superalloys, and other advanced materials makes it possible to produce components that are able to withstand high temperatures and stresses.
Increased spending on defence and modernization of military aircraft makes there be a growing demand for high strength aerospace forgings which are needed for combat aircraft, helicopters, and special mission platforms, among others.
Aerospace forging companies have started to automate and digitally monitor the forging process using modern simulation and robotics technologies.
List of Key Players in the Aerospace Forging Market
- Precision Castparts Corp. (United States)
- Howmet Aerospace (United States)
- ATI Inc. (United States)
- Aubert & Duval (France)
- Voestalpine AG (Austria)
- Otto Fuchs KG (Germany)
- Bharat Forge Limited (India)
- Forgital Group (Italy)
- Kobe Steel Ltd. (Japan)
- Scot Forge Company (United States)
Aerospace Forging Market Segmentation
The Aerospace Forging Market can be segmented on the basis of Process Type, Material, Aircraft Type, Application and End User.
Aerospace Forging Market Process Type Outlook, Revenue (USD Billion) (2021-2034)
- Closed Die Forging
- Open Die Forging
- Seamless Rolled Rings Forging
- Others
Aerospace Forging Market Material Outlook, Revenue (USD Billion) (2021-2034)
- Aluminium Alloys
- Titanium & Titanium Alloys
- Stainless Steel
- Nickel-Based Superalloys
- Others
Aerospace Forging Market Aircraft Type Outlook, Revenue (USD Billion) (2021-2034)
- Fixed Wing
- Rotary Wing
Aerospace Forging Market Application Outlook, Revenue (USD Billion) (2021-2034)
- Engine/Propulsion Components
- Airframe & Structural Components
- Landing Gear Systems
- Others
Aerospace Forging Market End User Outlook, Revenue (USD Billion) (2021-2034)
- Commercial Aviation
- Military & Defense
Aerospace Forging Market Regional Outlook, Revenue (USD Billion) (2021-2034)
- North America
- Canada
- Mexico
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Europe
- Germany
- France
- UK
- Spain
- Russia
- Italy
- BENELUX
- Latin America
- Argentina
- Brazil
- Chile
- Middle East and Africa
- GCC
- Turkey
- South Africa