Aerospace Forging Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Material Type (Titanium, Stainless Steel, Aluminum Alloy, Others), By Aircraft Type (Fixed Wing, Rotary Wing), By Product Type (Closed Die, Open Die, Rolled Rings), By Region & Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 35.45 Billion
CAGR (2026-2031)	7.86%
Fastest Growing Segment	Rotary Wing
Largest Market	North America
Market Size (2031)	USD 55.82 Billion

Market Overview

The Global Aerospace Forging Market will grow from USD 35.45 Billion in 2025 to USD 55.82 Billion by 2031 at a 7.86% CAGR. Aerospace forging is a manufacturing process that utilizes localized compressive forces to shape metal alloys, such as titanium, steel, and aluminum, into critical high-strength components like landing gears, engine disks, and airframe structures. The market is primarily driven by the escalating production rates of commercial aircraft to meet recovering global travel demand, alongside a technical requirement for durable, lightweight parts that enhance fuel efficiency and structural integrity. Underscoring this demand, according to the General Aviation Manufacturers Association, in 2024, global airplane shipments reached 3,162 units, representing a 3.0% increase compared to the previous year, which directly correlates to a sustained need for forged components in new airframes.

Despite this positive momentum, the market faces a significant challenge regarding the stability of the raw material supply chain. Fluctuations in the availability and cost of essential inputs, particularly titanium and nickel-based superalloys, create production bottlenecks and financial unpredictability for manufacturers. These supply chain disruptions can impede delivery schedules to original equipment manufacturers and constrain overall market expansion, even as order backlogs for new aircraft continue to grow.

Key Market Drivers

The surge in global commercial aircraft production rates serves as a primary catalyst for the Global Aerospace Forging Market, fundamentally reshaping supply chain requirements. As major original equipment manufacturers accelerate assembly lines to clear record-breaking order backlogs, the demand for critical forged components such as landing gear cylinders, engine discs, and structural airframe parts has intensified. This manufacturing ramp-up directly translates into substantial revenue growth for component suppliers who provide the high-strength, temperature-resistant alloys essential for next-generation engines. Illustrating this industrial expansion, according to Airbus, January 2025, in the 'Full-Year 2024 Orders and Deliveries' update, the company successfully delivered 766 commercial aircraft, underscoring the physical volume of airframes requiring extensive forged content. Underscoring the broader financial impact of this component demand, according to RTX, October 2025, Pratt & Whitney sales rose 16% in the third quarter of 2025, driven largely by sustained orders for commercial and military engine systems.

Simultaneously, the modernization of military fleets and increased global defense budgets are exerting a powerful influence on market trajectory. Geopolitical tensions are compelling nations to upgrade air defense capabilities, leading to the procurement of advanced fighter jets, transport aircraft, and guided missile systems that rely heavily on precision titanium and superalloy forgings for performance reliability under extreme stress. This strategic prioritization of aerial sovereignty ensures a stable, long-term procurement cycle for forging houses distinct from commercial aviation cycles. Validating this trend, according to the Stockholm International Peace Research Institute (SIPRI), April 2025, in the 'Trends in World Military Expenditure, 2024' Fact Sheet, total global military spending reached an estimated $2,718 billion, marking a significant capital inflow that supports the development and acquisition of defense aerospace hardware.

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Key Market Challenges

The stability of the raw material supply chain represents a formidable obstacle currently hampering the Global Aerospace Forging Market. While global demand for aircraft remains robust, the unpredictability of essential inputs, particularly titanium and nickel-based superalloys, creates severe production bottlenecks. These material shortages prevent forging manufacturers from capitalizing on growing order books, effectively capping revenue potential despite high market interest. The inability to secure consistent raw materials disrupts manufacturing schedules, leading to costly delays that ripple through the entire aerospace ecosystem and ultimately force original equipment manufacturers to slow their assembly lines.

This constraint severely restricts the market's ability to convert potential demand into actual realized growth. The magnitude of this disruption is evident in recent industry figures regarding the financial impact of these delays. According to the International Air Transport Association, in 2025, the slow pace of production driven by these supply chain hurdles was estimated to cost the global airline industry more than $11 billion. This financial strain on end-users creates upstream pressure on the forging market, as the persistent inability to deliver finished aircraft limits the immediate capital flow necessary for sustained component procurement.

Key Market Trends

The Deployment of Robotics and Smart Automation in Forging Lines is revolutionizing the manufacturing landscape by addressing critical labor shortages and enhancing process repeatability for complex geometries. Forging houses are increasingly integrating high-payload robotic arms for billet handling and automated quality inspection systems to mitigate human exposure to extreme heat while ensuring tighter tolerances for safety-critical engine parts. This shift towards mechanized precision is quantifiable in recent capital equipment trends. According to the Association for Manufacturing Technology, August 2025, in the 'U.S. Manufacturing Technology Orders Report', the aerospace sector increased the value of machinery orders by 6% in the first half of 2025, following a substantial investment surpassing $300 million in the second half of 2024, directly signaling a robust commitment to modernizing production infrastructure.

Simultaneously, the Transition Toward Sustainable and Green Forging Practices is compelling manufacturers to adopt circular economy principles and decarbonize energy-intensive thermal processes. Industry leaders are retrofitting facilities with electric heating systems and maximizing scrap utilization rates to align with global net-zero aviation targets, fundamentally altering raw material procurement strategies to favor low-carbon alloys. This strategic pivot is evident in the aggressive environmental targets set by major suppliers. According to ATI Inc., May 2025, in the '2024 Corporate Responsibility Report', the company established a new mandate to reduce absolute Scope 1 and 2 greenhouse gas emissions by at least 40% by 2030, illustrating the sector's tangible shift toward reducing the environmental footprint of high-performance metallurgical operations.

Segmental Insights

Based on recent industry analysis, the Rotary Wing segment is recognized as the fastest-growing category in the Global Aerospace Forging Market. This rapid expansion is primarily fueled by the rising demand for helicopters across critical sectors, including national defense, emergency medical services, and search and rescue operations. Rotorcraft provide essential operational capabilities in rugged and inaccessible terrains where fixed-wing aircraft cannot operate, driving fleet modernization and procurement globally. This operational versatility necessitates high-performance forged components, such as rotor masts and transmission shafts, to withstand extreme dynamic loads, thereby propelling significant growth in this market segment.

Regional Insights

North America maintains a dominant position in the Global Aerospace Forging Market, primarily driven by the extensive presence of major original equipment manufacturers and a mature supply chain. The region's leadership is reinforced by significant defense expenditures from institutions such as the U.S. Department of Defense, which facilitate steady demand for specialized components in military aircraft and strategic programs. Additionally, stringent compliance with safety protocols established by the Federal Aviation Administration ensures the production of high-integrity parts. This alignment of industrial capability, government investment, and regulatory oversight fosters a stable market environment.

Recent Developments

• In July 2024, Howmet Aerospace Inc. announced an expansion of its manufacturing operations in Morristown, Tennessee, coinciding with the Farnborough International Airshow. The company committed to investing approximately $27.9 million to upgrade its facility, which specializes in producing engine and turbine components for the aerospace sector. This expansion was aimed at increasing capacity to meet rising orders from commercial and defense customers. The initiative underscored the company's role as a key provider of advanced engineered solutions, including forged wheels and fastening systems, supporting the broader growth of the global aerospace manufacturing base.
• In July 2024, Forged Solutions Group entered into a multi-year supply agreement with Safran Aero Boosters to provide high-integrity forgings for aircraft engines. This collaboration was formalized during the Farnborough International Airshow and secured the supply of critical components for major engine programs, including the GEnX and LEAP platforms. The agreement expanded upon an existing relationship between the two companies, leveraging the forging manufacturer's capabilities to support the production of low-pressure compressors. This partnership demonstrated the continued importance of strategic alliances in ensuring a robust supply chain for the global commercial aviation market.
• In March 2024, ATI Inc. commissioned a new 12,500-ton billet forging press at its operations in Bakers, North Carolina. This state-of-the-art facility, known as Bakers South II, was established to increase the production of high-quality titanium and specialty alloy products specifically for the aerospace and defense industries. The commissioning of this press represented a major expansion of the company's isothermal forging capabilities, allowing for the manufacture of larger and more complex components required by modern jet engines. The project highlighted the company's commitment to meeting the growing demand for advanced materials in the global aerospace supply chain.
• In January 2024, Aubert & Duval announced a significant investment of €75 million to install a new forging press at its Pamiers facility in France. The company signed an agreement with the SMS group to acquire a 6,000-ton hydraulic closed-die forging press, which is designed to replace aging equipment and enhance production capabilities for the aerospace sector. This new machinery will support the manufacturing of high-performance components, such as turbine disks, shafts, and structural parts, for next-generation aircraft engines. The investment aligns with the company's strategy to strengthen its position as a leading European supplier of critical metallurgical products for the aerospace market.

Key Market Players

• Arconic Corporation
• Precision Castparts Corp
• Bharat Forge Ltd
• ATI Inc
• Norsk Titanium AS
• Fountaintown Forge, Inc.
• Farinia SA
• Otto Fuchs KG
• Meggitt PLC
• Safran S.A.

By Material Type	By Aircraft Type	By Product Type	By Region
Titanium Stainless Steel Aluminum Alloy Others	Fixed Wing Rotary Wing	Closed Die Open Die Rolled Rings	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Aerospace Forging Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Aerospace Forging Market, By Material Type:

• Titanium
• Stainless Steel
• Aluminum Alloy
• Others

• Aerospace Forging Market, By Aircraft Type:

• Fixed Wing
• Rotary Wing

• Aerospace Forging Market, By Product Type:

• Closed Die
• Open Die
• Rolled Rings

• Aerospace Forging Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE