Press release
Aircraft Engine Forging Market Set to Cross $5.9B by 2031
New York, US - August 18, 2025 - The global Aircraft Engine Forging Market is expected to experience substantial growth over the next several years, according to a new report published by The Insight Partners. The Aircraft Engine Forging Market size is projected to increase from USD 3,787.15 million in 2024 to USD 5,966.86 million by 2031, growing at a CAGR of 6.84% from 2025 to 2031.The newly published Aircraft Engine Forging Market report outlines the role of advanced materials, aerospace expansion, and global partnerships in propelling the sector forward.
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Key Drivers of Growth
The use of nickel-based superalloys remains a primary force behind the market's acceleration. These high-performance materials are critical in manufacturing aircraft engine components that must endure extreme thermal and mechanical stress, including turbine disks, rotors, and combustion chambers operating beyond 1000°F.
Forging techniques such as closed die forging and seamless rolled ring forging are seeing increased application to meet the evolving technical specifications of modern engine systems. These advanced methods enable superior strength, dimensional accuracy, and fatigue resistance.
"Forging today plays a strategic role in aerospace engineering," said Ankit Mathur, Head of Research at The Insight Partners. "The Aircraft Engine Forging Market growth is largely driven by the demand for lighter, more efficient, and durable engine components capable of withstanding high operational stress."
Industry Activity and Partnerships
A series of strategic developments across the supply chain continues to support market expansion:
• Otto Fuchs GmbH has increased investment in its forging facilities to serve the growing needs of aerospace OEMs, focusing on structural and ring-shaped components for engine assemblies.
• Pacific Forge Incorporated remains a key supplier for the defense and aerospace sectors, offering high-precision forged products compliant with AS9100D and ISO 9001:2015 standards.
• Precision Castparts Corp. has expanded its operations in titanium and superalloy components for aviation and industrial turbine applications.
• Safran has strengthened its supply chain through continued collaboration with Hindustan Aeronautics Limited (HAL), focused on the co-production of forged parts for LEAP engines.
These efforts reflect the increasing importance of the Aircraft Engine Forging Market share among companies investing in vertical integration and global partnerships.
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Material Innovation and New Technologies
Material science continues to define market direction. The introduction of AD730, a nickel-based superalloy developed by Aubert & Duval, provides increased fatigue resistance and mechanical integrity under high temperatures. Its use in engine hot sections underscores the industry's shift toward materials that extend product lifecycle while enhancing safety and performance.
These developments contribute significantly to the Aircraft Engine Forging Market trends, where performance demands are reshaping production techniques and supplier expectations.
Recent Contracts and Collaborations
Strategic contracts are playing a central role in expanding forging capacity and driving new applications:
• In July 2023, Doncasters Group Ltd extended its agreement with Safran Aircraft Engines, supplying superalloy structural castings and hot-section airflow components for the LEAP-1A and LEAP-1B programs.
• LISI Aerospace, in collaboration with CETIM, initiated the DIGIFAST R&D project in June 2025, focused on ultrasonic preload monitoring to improve aerospace fastener reliability.
These projects illustrate how innovation and collaboration are central to the Aircraft Engine Forging Market forecast, particularly as aerospace OEMs prioritize long-term supplier capabilities.
Key Players in the Aircraft Engine Forging Market
The report profiles major players shaping the industry:
• All Metals & Forge Group
• ATI Metals
• Doncasters Group Ltd
• Farinia Group
• LISI Aerospace
• Otto Fuchs GmbH
• Pacific Forge Incorporated
• Precision Castparts Corp.
• Safran
Each organization continues to expand its manufacturing capabilities, material R&D, and aerospace partnerships to remain competitive in a dynamic market landscape.
Market Outlook
As global air travel and defense investments continue to recover and scale, companies with a strong Aircraft Engine Forging Market share will be better positioned to meet rising customer demand. The Aircraft Engine Forging Market report indicates that sustained investment in forging technology, metallurgical advancements, and collaborative R&D is vital for long-term competitiveness.
The Aircraft Engine Forging Market growth is expected to remain resilient through 2031, with North America, Europe, and Asia-Pacific serving as primary demand centers for both commercial and military aircraft engines.
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Contact Information
Contact:
The Insight Partners
📧 Email: sales@theinsightpartners.com
🌐 Website: www.theinsightpartners.com
📞 Phone: +1-646-491-9876
About The Insight Partners
The Insight Partners is a leading provider of syndicated and custom market research, offering actionable insights and strategic intelligence across various sectors, including aerospace, industrial manufacturing, technology, and healthcare. Its research supports informed decision-making for investors, industry leaders, and policymakers.
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