Aircraft Engine Casting Market is Forecasted to Reach US$ 13.7 Billion 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 market trends, segment analysis, competitive landscape, & more.

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Market Statistics:
Market Size in 2024: US$ 9.8 billion
Market Size in 2032: US$ 13.7 billion
Growth (CAGR): 3.8% during 2025-2032
Cumulative Sales Opportunity 2025 to 2032: US$ 101.24 billion
Leading Aircraft Type: Commercial Aircraft
Leading Engine Type: Turbofan
Leading Application Type: Turbine
Leading Component Type: Airfoils
Leading Process Type: Investment Casting
Leading Material Type: Nickel Parts
Leading End-User Type: OE
Leading Region: North America
Forecast Period: 2025-2032
Trend Period: 2019-2023
Base Year: 2024
Number of Segments Covered: 8
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

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, component type, process type, material type, end-user type, and region.

Based on aircraft type -
· 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. Compared to military and general aviation, commercial fleets are larger and experience more intensive engine usage, generating consistent demand for both replacement parts and new precision-cast components.
· This market dominance is largely driven by the extensive use of large turbofan engines such as those powering the Airbus A320neo and Boeing 787 Dreamliner, which require large volumes of complex, precision-cast parts. Also, the introduction of new aircraft models including, the COMAC C919, equipped with CFM International's LEAP engines, and Boeing's 777X, which features the advanced GE9X turbofan engines is expected to create fresh opportunities for casting suppliers. These new platforms are set to drive further growth in demand for high-performance cast components.
· 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.

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. They are widely used across commercial aircraft, military jets, regional aircraft, and business jets, making them the preferred engine type in most aviation 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. Advanced casting techniques such as single-crystal and directionally solidified casting are essential to meet these demanding conditions.
· In addition, the increasing use of polymer composites in the fan section of turbofan engines is enhancing overall engine performance by reducing weight and improving efficiency. This innovation is further boosting demand for high-performance aeroengine Casting, helping the turbofan segment grow even faster.

Based on application type -
· The market is segmented into fans, compressor, combustion, turbine 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. Turbine sections contain the largest number of cast components within an engine such as blades, vanes, shrouds, and nozzles. These parts feature complex geometries and operate under extreme conditions, requiring advanced casting techniques like investment casting and single-crystal casting to ensure optimal performance and durability.
· 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. These advanced materials and casting processes are essential to meet the stringent performance requirements of modern engines. The rising demand for fuel-efficient and high-thrust engines is driving growth in this segment, as turbine components are crucial for enhancing overall engine efficiency and performance.

Based on component type -
· The market is segmented into airfoils and engine structures.
· Airfoils are expected to remain the leading component of the market and are also projected to grow at a faster pace. Airfoils play a vital role in engines by extracting energy from high-temperature, high-pressure gases and turning it into mechanical power. They are the most complex and performance-critical parts in an engine, with intricate shapes and tough material requirements, making them ideal for investment casting. 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.
· Each engine contains dozens or even hundreds of airfoils across different sections, including the high-pressure turbine, low-pressure turbine, and compressor. Their essential function and wide use make them a major part of the aeroengine Casting market. On the other hand, engine structures also grabbed a fair share of the market in 2024, supported by the growing use of monolithic investment casting for other key parts like bearing housings and fan frames. This approach simplifies engine assembly, strengthens overall structure, and supports the development of next-generation engines that are lighter, more efficient, and easier to maintain.

Based on process type -
· The market is segmented into investment casting and die & other casting.
· Investment casting is expected to remain the most preferred casting process, maintaining its dominance while also registering the faster growth during the forecast period. Investment casting is a key technology in the aeroengine industry because it can produce very complex shapes with high precision. This is especially important for critical parts like turbine blades and vanes, which need to perform under extreme heat and stress. The process works well with tough materials like nickel alloys, titanium alloys, and stainless steel, ideal for the hot sections of an engine. It also reduces the need for extra finishing work by delivering excellent accuracy and surface quality from the start, which helps save both time and cost.
· Investment casting can create parts with thin walls, detailed shapes, and even features like small holes or slots. That makes it perfect for building the high-performance components that modern engines demand. This casting method continues to lead the aeroengine Casting market due to its ability to meet these high standards. As the demand for advanced engines rises, leading aerospace companies are putting more effort into research and development to improve casting methods and materials, so they can keep up with the fast-moving industry.

Based on material type -
· The market is segmented into nickel parts, titanium parts, stainless steel parts, and other material-based parts.
· Nickel is projected to remain the dominant material type, while titanium is anticipated to witness the fastest growth in the coming years. Nickel dominates more than half of the aircraft engine casting market thanks to its excellent strength and resistance to heat and corrosion, making it ideal for the extreme conditions inside a jet engine. Nickel-based alloys are widely used in the investment casting of aeroengine parts like airfoils, bearing supports, inner diffusers, and turbine frames. On average, a single engine contains about 1.8 tons of nickel alloys, making up roughly 50% of its total weight. Investment casting, along with forging, remains one of the most common methods used to shape these tough materials.
· Titanium is also gaining attention due to its high strength, low weight, and ability to withstand heat. These qualities make it ideal for improving engine performance, extending part life, and helping reduce the overall weight of the aircraft. In fact, over half of all titanium Casting produced globally are used in aerospace applications where strength and weight savings are critical. There is an increasing adoption of titanium Casting in several modern jet engine programs, making titanium the fastest-growing material in the aircraft engine casting market.

Based on end-user type -
· The market is segmented into OE sales and aftermarket sales.
· OE is expected to remain the dominant as well as the faster-growing end-user during the forecast period. The OE segment of the aircraft engine casting market is set for robust growth as global aircraft production is projected to nearly double by 2034. This sharp rise reflects the growing demand for precision-cast components to support expanding commercial and defense fleets worldwide.
· Rising production of key programs like the Boeing 737 and Airbus A320 drives demand for advanced, high-quality cast components, reinforcing the OE segment's dominance in the market. With the aviation industry steadily recovering from the pandemic, aircraft production rates are rising again, signalling strong momentum for the casting market.
· In addition to new production, the return of parked aircrafts, driven by a recovery in passenger traffic is boosting demand in the maintenance, repair, and overhaul (MRO). An aging global fleet also adds to aftermarket needs, as older aircraft require more frequent maintenance and replacement parts.
· Looking ahead, OE is expected to remain both the largest and fastest-growing segment of the aircraft engine casting market. Factors such as rising aircraft production, technological advancements, and expanding commercial and defense aviation are key drivers.

Which region shows the most promising growth forecast and opportunity?
The analysis suggests that North America is expected to remain the largest market, whereas Asia-Pacific is likely to grow at the fastest rate during the forecast period. This growth outlook is mainly attributed to the following:
- North America is currently the largest and most dominant market for aircraft engine casting. This leadership is driven by the region's status as a global aerospace manufacturing hub, supported by the strong presence of major aircraft OEMs like Boeing and Gulfstream Aerospace, as well as engine giants such as GE Aerospace and Pratt & Whitney. 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.
Likewise, Asia-Pacific region is anticipated to experience the highest growth in the aircraft engine casting market during the same period. Countries like China, Japan, and India are playing a central role, with China emerging as a major hub due to its expanding local manufacturing capabilities and growing domestic programs such as, the COMAC C919, which are increasing demand for locally produced engine components. Both Airbus and Boeing have also established assembly plants in the region to meet rising demand and optimize supply chains.

Aircraft Engine Casting Market Drivers:
Some of the key drivers listed in the report are given below.
- Rising commercial and regional aircraft production.
- Recovery of key aircraft programs.
- Growing demand for high-performance.
- Heat-resistant engine components made from advanced alloys like nickel and titanium.

Competitive Landscape: Top Companies in the Aircraft Engine Casting Market:
The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:
- 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.

What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the aircraft engine casting market, answering critical questions like
- How big is the sales opportunity?
- Which regions offer the best sales opportunities?
- Which are the most attractive market segments?
- Which are the top players and their market positioning?
- How complex is the business environment?
- What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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