Press release
Aircraft Forging Market to Reach USD 32.5 Billion by 2032, says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. The report analyzes market size, segmentation across key aircraft, process, application, material, and end-user categories; and includes regional demand patterns and competitive dynamics essential for strategic planning. This research supports OEMs, suppliers, and investors with actionable insights to navigate competitive pressures and capitalize on aviation production growth.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/3520/aircraft-forging-market.html#form
Market Statistics
• Market size (2024): USD 23.6 billion
• Forecast value (2032): USD 32.5 billion
• CAGR (2025-2032): 3.7%
• Forecast period: 2025-2032
• Base year: 2024
• Total number of segments: 7
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
Aircraft Forging Market, by Aircraft Type
• Commercial Aircraft
• Regional Aircraft
• Helicopter
• Military Aircraft
• General Aviation
Aircraft Forging Market, by Process Type
• Open/Ring-Die Forging
• Closed-Die Forging
Aircraft Forging Market, by Application Type
• Engine
• Airframe
Aircraft Forging Market, by Component Size Type
• Small Parts
• Large Parts
Aircraft Forging Market, by Material Type
• Nickel
• Titanium
• Stainless Steel
• Aluminum
• Others
Aircraft Forging Market, by End-User Type
• OE
• Aftermarket
Aircraft Forging Market, by Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Segment Analysis
In aircraft type segmentation, commercial aircraft dominates demand for forged products due to rising passenger traffic, fleet modernization programs, and increased production rates of narrow- and wide-body platforms, which drive component requirements. This structural lead in commercial aircraft manufacturing underscores prioritization of OEM supply chain capacity expansion for forging suppliers.
For process type, closed-die forging holds the largest share because it imparts superior metal grain alignment and mechanical properties essential for high-stress aerospace applications while minimizing material waste. The efficiency and performance advantages of closed-die processes continue to attract OEM adoption for critical components.
In application segmentation, engine components are the largest demand generator as forged parts deliver the strength, precision, and fatigue resistance required for modern high-performance turbines, propulsors, and rotating systems. Engine program growth translates directly into incremental forging volume requirements.
Material segmentation shows nickel remains the most preferred material due to its high-temperature performance, corrosion resistance, and fatigue strength essential for engine and structural applications. These intrinsic properties support reliability and safety in demanding aerospace environments.
End-user analysis indicates OE is the dominant category, driven by increasing aircraft production rates of flagship programs and entry of new OEMs. Meanwhile, the aftermarket segment grows fastest as aging fleets and maintenance needs create ongoing demand for replacement forged parts.
Region Analysis
North America holds dominance supported by the concentration of major aircraft and engine manufacturers with robust supply chains, driving localized forged parts production to meet OEM schedules and technological requirements.
Asia-Pacific is the fastest-growing region as expanding airline networks, new aircraft assembly facilities, and rising defense procurement structurally increase regional demand for forged aerospace components.
Market Drivers
• Rising global aircraft production elevates demand for forged components with superior strength.
• Increased production rates of key programs (e.g., A320neo, B737 Max) create sustained forging requirements.
• Introduction of new aircraft platforms (e.g., C919, B777X) expands demand for complex forged parts.
• Investments in high-performance materials and technologies improve part quality and performance.
• OEM supply chain optimization fosters long-term contracts with forging suppliers.
Top Companies in the Market
• Precision Castparts Corp.
• AVIC Heavy Machinery Co., Ltd.
• Howmet Aerospace
• ATI Inc.
• Voestalpine AG
FAQs
1. What size will the aircraft forging market reach by 2032?
The aircraft forging market is forecast to reach USD 32.5 billion by 2032, supported by continued aerospace production growth and component demand.
2. What is driving growth in aircraft forging demand?
Growth is driven by increasing aircraft production rates, modernization of fleets, and introduction of new platforms that require high-performance forged components.
3. Which market segment leads in aircraft forging use?
The engine application segment leads due to the critical need for high-strength forged parts for turbine and propulsion system components.
4. How is North America positioned in the aircraft forging market?
North America is dominant based on its concentration of major aircraft and engine OEMs and integrated supply chain presence.
5. What regional trend impacts future forging demand?
Asia-Pacific's rapid growth reflects expanding aviation networks, manufacturing capacity, and defense procurement, structurally increasing regional forging needs.
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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