Global Trends Overview: The Rapid Evolution of the Aerospace Forging Market

The aerospace forging sector is poised for notable expansion as demand for innovative and high-performance aircraft components continues to rise. With advancements in technology and a growing emphasis on efficiency and precision, this industry is set to witness substantial developments in the coming years. Let's explore the current market outlook, main contributors, key trends, and segmentation within the aerospace forging field.

Projected Market Size and Growth of the Aerospace Forging Industry
The aerospace forging market is anticipated to experience robust growth, reaching a value of $52.78 billion by 2030. This represents a compound annual growth rate (CAGR) of 8.0% over the forecast period. The surge in market size is driven by the escalating need for lightweight yet durable forged parts to improve aircraft performance. Additional factors contributing to this expansion include the increasing use of advanced forging technologies that enhance dimensional precision and reduce material waste, as well as the growth of aircraft manufacturing and upgrade initiatives. The rising application of high-temperature alloys, which require specialized forging techniques, also supports market growth. Furthermore, technological progress in automation and digitalization within aerospace forging processes is playing a significant role in market development. Key trends expected to shape the landscape include the adoption of cutting-edge forging methods, growing demand for lightweight aerospace components, stricter requirements for high-precision parts, integration of additive manufacturing with forging, and improved quality control and testing protocols.

Download a free sample of the aerospace forging market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7044&type=smp

Top Industry Players Dominating the Aerospace Forging Market
Several prominent companies lead the aerospace forging arena, including Arconic Corporation, Bharat Forge Limited, Scot Forge Company, Larsen & Toubro Ltd., Jiangyin Hengrun Heavy Industries Co. Ltd., Consolidated Industries Inc., Somers Forge Ltd, Pacific Forge Inc, Precision Castparts Corporation, Ellwood Group Inc, All Metals & Forge Group LLC, Farinia Group, Victoria Drop Forgings Ltd., Mettis Aerospace Limited, Berkshire Hathaway Inc., Eramet Group, Avic Heavy Machinery Co. Ltd., Fountaintown Forge Inc., GKN Aerospace Service Limited, Sheffield Forgemasters International Ltd., Weber Metals Inc., SIFCO Industries Inc., Doncasters Group Ltd., Howmet Aerospace Inc., PCC Forged Products, Alcoa Corporation, Carpenter Technology Corporation, Forged Solutions Group, Honsel Umformtechnik GmbH, LISI Aerospace SAS, and Safran Forge America Inc.

Strategic Acquisitions Strengthening Market Positions
In June 2025, Pursuit Aerospace Inc., a US-based manufacturer, acquired Larson Forgings, Inc., another US company that specializes in aerospace forging. Although financial details were not disclosed, this acquisition is expected to broaden Pursuit Aerospace's forging capabilities, particularly in seamless rolled rings. It also aims to reinforce the company's stance in the aerospace and defense sectors, enabling it to offer a wider portfolio of high-quality, precision-engineered components and services to its global clientele.

View the full aerospace forging market report:
https://www.thebusinessresearchcompany.com/report/aerospace-insulation-global-market-report

Collaborations and Technological Advances Shaping Aerospace Forging
Leading companies in the aerospace forging market are increasingly forging partnerships to combine expertise and resources, addressing the aerospace industry's growing demand for lighter, stronger, and more heat-resistant materials and components. Collaborative efforts are fostering the development of new technologies and alloys that meet these stringent requirements. For example, in April 2023, Chinese steel firm Jiuli awarded SMS group the final acceptance certificate for a hydraulic radial forging line. This hydraulic forging machine, model SMX 900/18 MN, features a press force of 18 MN per cylinder across four cylinders and is designed to forge complex aerospace components. Its hydraulic system allows flexible control over crucial forging parameters and enables the application of maximum force throughout the forging stroke. Additionally, SMS group's SMI machine is a hydraulically driven, automatically controlled, horizontal 2-ram forging system equipped with integrated manipulators and centering devices for fully automated operation.

Market Segmentation and Share Outlook in Aerospace Forging
This report segments the aerospace forging market into several categories to provide a detailed overview:
1) By Material: Aluminum, Steel, Titanium, and Other Materials
2) By Aircraft Type: Commercial, Military, and Other Aircraft
3) By Application: Rotors, Turbine Discs, Shafts, Fan Cases, and Other Uses

Further subdivisions within these materials include:
- Aluminum: Aluminum Alloys and Heat-Treated Aluminum
- Steel: Carbon Steel, Alloy Steel, and Stainless Steel
- Titanium: Titanium Alloys and Commercially Pure Titanium
- Other Materials: Nickel Alloys, Copper Alloys, and Magnesium Alloys

This segmentation provides insight into market dynamics across different materials, aircraft categories, and component applications, offering a comprehensive view of the aerospace forging landscape.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.