Press release
Aircraft Open-Die Forging Market to Reach USD 7.6 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.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/3519/aircraft-open-die-forging-market.html
Market Statistics
• Market size: USD 5.6 billion (2024)
• Forecast value: USD 7.6 billion (2032)
• CAGR: 3.6%
• Forecast period: 2025-2032
• Base year: 2024
• Total number of segments: 5
• Tables & figures: 100+
• Country-Level Market Assessment: 20
MARKET SEGMENTATION
Aircraft Open Die Forging Market, by Aircraft Type
• Commercial Aircraft
• Regional Aircraft
• General Aviation
• Helicopter
• Military Aircraft
Aircraft Open Die Forging Market, by Application Type
• Airframe
• Engine
Aircraft Open Die Forging Market, by Material Type
• Nickel
• Titanium
• Stainless Steel
• Aluminum
• Others
Aircraft Open Die Forging Market, by End-User Type
• OE
• Aftermarket
Aircraft Open Die Forging Market, by Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
SEGMENT ANALYSIS
By aircraft type, commercial aircraft dominate the market and are also expected to remain the fastest-growing segment due to increasing passenger traffic, expansion of low-cost carriers, and rising production of narrow-body and wide-body aircraft. This growth directly drives demand for forged components used in structural and propulsion systems, encouraging suppliers to align capacity with commercial aviation programs.
By application type, the engine segment holds the largest share and is also the fastest-growing due to the aerospace industry's push for fuel-efficient and high-performance engines. Forged components offer superior strength and durability under extreme conditions, making them critical for modern engines, which in turn pushes manufacturers to invest in advanced forging capabilities for propulsion systems.
By material type, nickel is the dominant material owing to its superior performance in high-temperature engine environments, while titanium is the fastest-growing due to its lightweight and corrosion-resistant properties. The increasing use of advanced alloys enhances aircraft efficiency, prompting forging companies to expand expertise in processing high-performance materials.
By end-user type, OE dominates the market driven by increasing aircraft production rates, while the aftermarket is the fastest-growing segment due to fleet expansion and replacement demand for aging components. This trend is creating long-term revenue opportunities for suppliers through both production and maintenance cycles.
REGIONAL INSIGHTS
North America is the dominant region in the aircraft open-die forging market, supported by the presence of major aircraft manufacturers, advanced aerospace infrastructure, and strong demand for both commercial and defense aircraft. The region's established supply chain and continuous investment in next-generation aircraft programs reinforce its leading position, enabling forging companies to maintain stable production volumes and technological advancements.
Asia-Pacific is the fastest-growing region, driven by rapid growth in air travel demand, expanding middle-class population, and increasing aircraft fleet size in countries such as China and India. The establishment of new aerospace manufacturing facilities and assembly plants in the region is accelerating demand for forged components, encouraging global suppliers to expand their regional footprint and partnerships.
MARKET DRIVERS
• Rising global aircraft production, with OEMs increasing output to meet growing passenger demand
• Increasing adoption of advanced alloys like titanium and nickel-based superalloys for high-performance aircraft
• Expansion of global aircraft fleet, driving both OE and aftermarket demand for forged components
• Growing demand for fuel-efficient engines requiring high-strength forged parts
• Increasing investments by aerospace OEMs and suppliers in advanced manufacturing technologies
COMPETITIVE LANDSCAPE
Top Companies in the Market
• Precision Castparts Corp.
• Forgital Group
• 9ATI Inc.
• Doncasters Group
• Voestalpine BÖHLER Aerospace GmbH & Co KG
• Aubert & Duval SAS
• Otto Fuchs KG
• Howmet Aerospace
FAQs
1. What is the current and projected size of the aircraft open-die forging market?
The market was valued at USD 5.6 billion in 2024 and is projected to reach USD 7.6 billion by 2032, growing at a CAGR of 3.6%.
2. Which aircraft segment is generating the highest demand for forged components?
Commercial aircraft account for the largest and fastest-growing demand due to rising passenger traffic and increased aircraft production.
3. Why are engine applications driving higher demand in this market?
Aircraft engines require high-strength, heat-resistant forged components, making them the dominant and fastest-growing application segment.
4. Which region offers the strongest growth opportunities for suppliers and investors?
Asia-Pacific offers the fastest growth due to expanding aviation markets, increasing fleet sizes, and rising aerospace manufacturing activities.
5. What are the key supply chain challenges impacting this market?
Dependence on high-grade raw materials like titanium and nickel, along with long certification cycles, creates supply constraints and delays for manufacturers and suppliers.
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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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