# Aerospace Forging Market

> Aerospace Forging Market Research Report Information By Material Type (Aluminum Alloys, Titanium Alloys, Steel Alloys, Nickel-Based Superalloys, and Other Materials (Titanium-Aluminide Intermetallics)), By Aircraft Outlook (Commercial Aerospace, Military Aerospace, and Space Exploration), By Application (Engine Components, Airframe Components, Landing Gear Components, and Other Components), And By Region (North America, Europe, Asia-Pacific, and Rest of the World) – Market Forecast Till 2035.

- **Forecast Period:** 2026-2035
- **CAGR:** 5.68%
- **2025:** USD 26.15 Billion
- **2035:** USD 45.41 Billion
- **Key Players:** Precision Castparts Corp., Howmet Aerospace Inc., ATI Inc., VSMPO-AVISMA Corporation, Aubert & Duval, Otto Fuchs KG (incl. Weber Metals), Bharat Forge Limited, Doncasters Group

**Report ID:** MRFR/CnM/31291-HCR · **Pages:** 111 · **Author:** Chitranshi Jaiswal · **Last Updated:** November 07, 2026

**URL:** https://www.marketresearchfuture.com/reports/aerospace-forging-market-33107

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## Market Summary

As per Market Research Future analysis, the Aerospace Forging Market Size was estimated at 19.84 USD Billion in 2024. The Aerospace Forging industry is projected to grow from 20.57 USD Billion in 2025 to 29.44 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 3.65% during the forecast period 2025 - 2035

## Market Drivers

## Driver Impact Analysis

| Driver | ~% Impact on CAGR | Geographic Relevance | Impact Timeline | Ref |
| --- | --- | --- | --- | --- |
| Commercial aircraft backlog and rate ramp-up | +1.4% | Global | Medium-term (2–4 yr) | [1][4] |
| Next-generation engine hot-section demand | +1.1% | North America, Europe | Long-term (≥4 yr) | [21] |
| Military aircraft procurement | +0.8% | North America, Europe, Asia-Pacific | Medium-term (2–4 yr) | [19] |
| Aftermarket spares for aging fleets | +0.7% | Global | Short-term (≤2 yr) | [9] |
| Supply chain localization in Asia-Pacific | +0.6% | Asia-Pacific | Long-term (≥4 yr) | [22] |
| Reusable space launch programs | +0.4% | North America, Asia-Pacific | Long-term (≥4 yr) |   |

### Commercial Aircraft Backlog and Rate Ramp-Up

Airlines hold a backlog of more than 17,000 aircraft, the largest on record, and IATA has flagged supply chain shortfalls as the main reason deliveries lag demand [4]. Airbus delivered 766 aircraft in 2024 and is targeting materially higher narrowbody rates [17]. Every incremental A320neo or 737 MAX requires titanium pylon fittings, landing gear beams and engine discs, so rate decisions at the airframer level translate directly into aerospace forging market volumes within 12 to 24 months.

### Next-Generation Engine Hot-Section Demand

CFM International delivered 1,407 LEAP engines in 2024, and each engine contains several [nickel superalloy](https://www.marketresearchfuture.com/reports/nickel-superalloy-market-29082) discs and shafts that only a handful of qualified forges can produce [21]. Higher turbine inlet temperatures shorten hot-section part lives, which lifts replacement volumes through the engine's service life. That makes engine programs a two-stage revenue stream for suppliers: original equipment first, followed by a long tail of spares that typically carry better margins.

### Military Aircraft Procurement

The U.S. Air Force's USD 24.8 billion aircraft procurement request for fiscal year 2026 sustains steady orders for F-35, KC-46 and B-21 structural and engine forgings. European rearmament adds further volume as NATO members move defense budgets toward 2% of GDP and beyond [19]. Military parts often use thicker sections and exotic grades, which increases revenue per part even when unit volumes remain modest.

### Aftermarket Spares for Aging Fleets

Delivery shortfalls have pushed airlines to keep older aircraft flying longer, and the FAA expects the U.S. mainline fleet to keep growing through 2045 [9]. Older CFM56 and V2500 engines need life-limited part replacements during heavy shop visits. Demand for those forged spares competes for the same press time as new-build parts, which has supported pricing for incumbent suppliers.

### Supply Chain Localization in Asia-Pacific

India's defense production reached INR 1.27 lakh crore in FY2023–24, and offset and indigenization policies are steering aerostructure and engine work to domestic forges [22]. China is building a domestic supply base for the C919 and its CJ-1000A engine. Both programs create new demand for closed-die capacity, qualification services and alloy supply in the region.

### Reusable Space Launch Programs

Blue Origin's New Glenn reached orbit on its first flight in January 2025, adding a second heavy reusable launcher to the U.S. fleet. Reusable boosters subject titanium and nickel structures to repeated thermal cycling, raising inspection and replacement requirements. Launch cadence growth therefore lifts demand for specialized forgings even though vehicle counts remain small compared with commercial aircraft.

## Restraints

## Restraints Impact Analysis

The negative impact figures below show the directional drag each restraint places on the aerospace forging market forecast CAGR. Like the driver estimates, they indicate relative weight and are not additive.

| Restraint | ~% Impact on CAGR | Geographic Relevance | Impact Timeline | Ref |
| --- | --- | --- | --- | --- |
| Heavy press capacity bottlenecks | −0.9% | Global | Short-term (≤2 yr) | [4][10] |
| Titanium and nickel supply concentration | −0.7% | Global | Medium-term (2–4 yr) | [8] |
| Tariffs on steel and aluminum inputs | −0.5% | North America | Short-term (≤2 yr) | [11] |
| Long qualification and certification cycles | −0.4% | Global | Long-term (≥4 yr) | [12][13] |
| Substitution by additive manufacturing | −0.3% | North America, Europe | Long-term (≥4 yr) | [14] |

### Heavy Press Capacity Bottlenecks

Fewer than a dozen presses worldwide can forge the largest titanium bulkheads and landing gear beams, and lead times for some engine discs stretched beyond 60 weeks during the 2023–2024 ramp-up. The FAA's January 2024 cap of 38 737 MAX aircraft per month showed how quickly upstream bottlenecks can freeze downstream output [10].

### Titanium and Nickel Supply Concentration

USGS data show that aerospace-grade titanium sponge production is concentrated in China, Japan, Russia and Kazakhstan, with the U.S. relying almost entirely on imports [8]. The withdrawal of Western buyers from Russian supply after 2022 forced rapid requalification of alternate sources. Nickel and cobalt price swings add further cost uncertainty to long-term contracts.

### Tariffs on Steel and Aluminum Inputs

The increase of Section 232 duties on steel and aluminum imports to 50% in June 2025 increased input costs for U.S. forges that rely on imported billet and bar [11]. Aerospace exemptions are few, and pass-through clauses in long-term contracts generally trail cost rises by many quarters.

### Long Qualification and Certification Cycles

New entrants must hold AS9100/EN 9100 quality certification and Nadcap accreditation for heat treatment and nondestructive testing before they can ship flight-critical parts [12][13]. Part-level qualification with an OEM can then take 18 to 36 months. Those cycles protect incumbents but restrict how quickly the industry can add capacity.

### Substitution by Additive Manufacturing

Additively produced mounts, fuel nozzles and housings are replacing minor forged and machined parts on some engines. For instance, additively manufactured Inconel 718 was shown to have a refined grain structure due to in-process micro-forging in a work published in 2026 in the CIRP Annals [14]. Hybrid methods could cut the need for small forgings. Large rotating parts are still forged.

## Opportunities

## Aerospace Forging Market Opportunities

### Hybrid Additive-Forging Preforms

Combining additive preforms with a final forging step can cut titanium input weight and machining time while preserving forged mechanical properties, as the 2026 CIRP Annals work on Inconel 718 suggests [14]. Suppliers that qualify hybrid routes for nickel discs and titanium fittings could win aerospace forging market share on next-generation engine programs.

### Emerging Market Localization

Saudi Arabia’s General Authority for Military Industries aims to localize over 50% of military spending by 2030. India’s offset and indigenization regulations direct aerospace work to local partners [22]. Joint ventures that introduce qualified forging know-how to these markets offer early access to protected demand.

### Data Monetization and the Digital Thread

OEMs are asking for more and more full traceability from ingot to finished part. Forges that capture press, die-temperature and heat-treatment data can market process certification packages, predictive die-life services and digital part records to OEMs and MRO shops, creating a recurring revenue line from compliance data.

### Capacity Reservation Agreements

Engine OEMs are signing long-term agreements that pre-pay or co-fund press capacity in exchange for guaranteed slots. This capacity-as-a-service model reduces supplier capital risk and gives buyers protection against the shortages seen in 2023–2024.

### Closed-Loop Titanium Revert Recycling

Machining can turn up to 90% of a titanium forging's input weight into chips and scrap. Forges that collect, segregate and remelt revert material with alloy producers can lower input costs and support OEM sustainability targets under ICAO CORSIA [20].

## Future Outlook

## Aerospace Forging Market Future Outlook

### Production Rate Normalization

Airbus and Boeing aim to lift narrowbody output toward 75 and 47 aircraft per month, respectively, later this decade, with the FAA approving a 737 MAX rate of 42 in October 2025 [23]. Airbus projects demand for 43,420 new aircraft over 20 years [2]. Forge suppliers that add press capacity ahead of these rates will set pricing in the aerospace forging market through the early 2030s.

### Higher-Temperature Engine Architectures

Open-fan and advanced geared engine concepts under study for the 2030s will push disc rim temperatures higher. Powder-metallurgy nickel discs and dual-microstructure heat treatments will gain share, and isothermal forging capacity will become a strategic asset for the few suppliers that operate it at scale.

### Digital Manufacturing and Traceability

Simulation-led die design and in-process sensing will shorten qualification cycles and reduce scrap. OEMs will expect digital part records linked to each forging, a requirement that favors suppliers with mature data systems.

### Decarbonization and Sustainable Materials

ICAO's CORSIA scheme and the EU's EUR 4.1 billion Clean Aviation program are pushing OEMs to cut lifecycle emissions [20][24]. Forges will face pressure to report energy use, run electric induction heating, and raise recycled titanium content in billet.

## Segment Insights

## Aerospace Forging Market Segmentation

### By Material Type

| Segment | Key Metric (2025) | Primary Demand Driver |
| --- | --- | --- |
| Aluminum Alloys | USD 4.81 Billion | Wing ribs, spars and frames |
| Titanium Alloys | 35.6% share | Landing gear, pylons and fuselage frames |
| Steel Alloys | 17.5% share | Undercarriage and high-strength joints |
| Nickel-Based Superalloys | 6.1% CAGR (2026–2035) | Turbine discs and hot-section parts |
| Other Materials | USD 1.18 Billion | Titanium-aluminide engine parts |

Titanium Alloys lead the aerospace forging market by material, with Ti-6Al-4V qualified across most commercial and military programs for parts where aluminum lacks strength or heat tolerance. Nickel-Based Superalloys grow fastest because turbine discs must hold integrity above 1,100°C under cyclic stress, and every new engine raises those limits. Steel Alloys remain essential for landing gear housings, Aluminum Alloys hold their place in wing structures, and Other Materials include titanium-aluminide intermetallics for low-pressure turbine blades.

### By Aircraft Outlook

| Segment | Key Metric (2025) | Primary Demand Driver |
| --- | --- | --- |
| Commercial Aerospace | 64.6% share | Narrowbody and widebody rate increases |
| Military Aerospace | USD 7.56 Billion | Fighter, airlift and tanker procurement |
| Space Exploration | 7.3% CAGR (2026–2035) | Reusable launch vehicles |

Commercial Aerospace dominates the aerospace forging market, with the A320neo, 737 MAX, A350 and 787 programs relying on forgings for engine rotors, landing gear and wing structures. Military Aerospace ranks second on sustained fighter and airlift procurement. Space Exploration is the fastest-growing segment because reusable boosters expose titanium and nickel structures to repeated loads, raising per-vehicle forging content and replacement rates.

### By Application

| Segment | Key Metric (2025) | Primary Demand Driver |
| --- | --- | --- |
| Engine Components | 42.6% share | Turbine discs, fan hubs and compressor stages |
| Airframe Components | USD 7.30 Billion | Monolithic bulkheads and frames |
| Landing Gear Components | 14.2% share | Narrowbody rate increases and overhauls |
| Other Components | USD 4.00 Billion | Actuators, helicopter and space hardware |

Engine Components are the largest application in the aerospace forging market and also the fastest-growing, as higher-temperature turbofans consume hot-section spares faster and both new-build and aftermarket demand compete for the same presses. Airframe Components rank second, supported by large titanium and aluminum forgings that replace multi-part assemblies. Landing Gear Components track narrowbody output, while Other Components cover actuators and rotorcraft parts.

## Regional Market Share Analysis

## Regional Market Share Analysis

| Region | Key Metric (2025) | Primary Investment Themes |
| --- | --- | --- |
| North America | 39.4% share | Engine disc capacity, defense programs, space launch |
| Europe | 27.8% share | Airbus rate ramp, titanium source diversification |
| Asia-Pacific | 6.9% CAGR | C919 supply chain, Indian defense indigenization |
| South America | USD 0.97 Billion | Regional jet production, MRO |
| Middle East & Africa | USD 1.70 Billion | Defense localization, MRO hubs |
| Total | USD 26.15 Billion | — |

North America leads the aerospace forging market, while Asia-Pacific gains share through localization. Europe remains the second-largest region, and the Middle East is emerging as a defense-led growth pocket.

### North America

| Country | Key Metric (2025) | Key Driver |
| --- | --- | --- |
| US | 84.5% of regional share | Engine and defense programs |
| Canada | USD 1.12 Billion | Landing gear and engine components |
| Mexico | 7.4% CAGR (2026–2035) | Nearshoring of structural parts |

The United States hosts the largest cluster of engine disc, landing gear and structural forging capacity in the world. Defense procurement, LEAP and GTF production, and a growing space launch sector keep presses heavily loaded, while the 2025 metals tariffs push buyers toward domestic billet [11]. Canada supplies landing gear and engine parts to U.S. and European primes, and Mexico is expanding forging and machining capacity for cost-sensitive structural parts.

### Europe

| Country | Key Metric (2025) | Key Driver |
| --- | --- | --- |
| Germany | USD 1.38 Billion | Titanium and aluminum structures |
| UK | 22.5% of regional share | Engine and wing programs |
| France | 24.0% of regional share | Engine and landing gear forgings |
| Italy | 5.0% CAGR (2026–2035) | Helicopter and defense programs |
| Spain | USD 0.44 Billion | Airbus structural work |
| Nordic Countries | 5.4% CAGR (2026–2035) | Engine component suppliers |
| Russia | 6.5% of regional share | Domestic titanium and aircraft programs |
| Rest of Europe | USD 0.62 Billion | Tier-2 machining and forging |

France leads European demand through Safran, Airbus and Aubert & Duval, while the UK hosts major engine and wing programs. Germany's forging base, including Otto Fuchs, supplies titanium and aluminum structures to Airbus. The EU's Clean Aviation Joint Undertaking, with a budget of about EUR 4.1 billion, funds next-generation engine and airframe research that will shape future forging requirements [24].

### Asia-Pacific

| Country | Key Metric (2025) | Key Driver |
| --- | --- | --- |
| China | 38.0% of regional share | C919 and military aircraft |
| India | 9.2% CAGR (2026–2035) | Defense indigenization |
| Japan | USD 1.30 Billion | Boeing and engine partnerships |
| South Korea | 9.5% of regional share | Fighter and aerostructure programs |
| ASEAN | 7.8% CAGR (2026–2035) | MRO hubs and aerostructures |
| Rest of Asia-Pacific | USD 0.53 Billion | Australian defense sustainment |

China is building domestic forging capacity for the C919, military aircraft and the CJ-1000A engine. India is the fastest-growing country in the regional aerospace forging market as Bharat Forge and state-owned firms move into engine and airframe parts under defense indigenization policy [22]. Japan's heavy-press operators supply Boeing and engine partners, while South Korea and ASEAN focus on aerostructures and MRO.

### South America

| Country | Key Metric (2025) | Key Driver |
| --- | --- | --- |
| Brazil | 68.0% of regional share | Embraer production |
| Argentina | USD 0.12 Billion | Military aircraft sustainment |
| Rest of South America | 4.6% CAGR (2026–2035) | Airline fleet MRO |

Brazil dominates regional demand through Embraer's commercial and defense programs, including the E2 jets and C-390 airlifter. Argentina has a small military and MRO base. Most complex forgings are still imported from North America and Europe, which limits local value capture.

### Middle East & Africa

| Country | Key Metric (2025) | Key Driver |
| --- | --- | --- |
| Saudi Arabia | 8.1% CAGR (2026–2035) | Vision 2030 defense localization |
| UAE | 28.0% of regional share | MRO and airline fleet growth |
| South Africa | USD 0.17 Billion | Component manufacturing base |
| Egypt | 6.3% CAGR (2026–2035) | Defense partnerships |
| Rest of MEA | 21.0% of regional share | Fleet sustainment |

Gulf states are using defense offsets to build local aerospace manufacturing, with Saudi Arabia targeting more than 50% localization of military spending by 2030. The UAE combines large airline fleets with growing MRO capacity, and South Africa retains a niche component industry. Egypt is expanding defense manufacturing partnerships.

## Competitive Benchmarking

## Competitive Benchmarking

The aerospace forging market is moderately concentrated, with an estimated HHI between 700 and 900. The top five suppliers hold an estimated 45–55% of revenue, led by two U.S. groups with deep engine disc and structural capability. Below them sits a fragmented tier of regional forges that compete on specific alloys, part families or national programs.

| Company | Est. Revenue Share Range | Key Offerings for aerospace forging market | Strategic Positioning |
| --- | --- | --- | --- |
| Precision Castparts Corp. | ~16–20% | Engine discs, structural forgings, titanium and nickel mill products | Vertically integrated from melt to finished part |
| Howmet Aerospace Inc. | ~13–17% | Engine rotating parts, structural and wheel forgings | Engine products focus with strong spares exposure |
| ATI Inc. | ~6–9% | Titanium and nickel alloys, isothermal and precision forgings | Specialty materials paired with forging |
| VSMPO-AVISMA Corporation | ~4–7% | Titanium die forgings and billet | Large-press titanium capacity, focused on domestic and Asian customers |
| Aubert & Duval | ~4–6% | Die forgings, nickel and titanium alloys | Strategic supplier to Airbus and Safran |
| Otto Fuchs KG (incl. Weber Metals) | ~3–5% | Large aluminum and titanium structural forgings | 60,000-ton press for monolithic parts |
| Bharat Forge Limited | ~1–3% | Engine and airframe forgings, landing gear parts | Indian localization and export growth |
| Doncasters Group | ~1–3% | Engine components and precision forgings | Niche engine part specialist |
| Mettis Aerospace | ~1–2% | Titanium and aluminum precision forgings | UK engine and airframe programs |
| SIFCO Industries | ~0.5–1.5% | Forged engine and airframe components | Military and aftermarket focus |

## Recent News & Developments

## Recent News & Developments

- FAA (January 2024): Capped Boeing 737 MAX production at 38 aircraft per month after the Alaska Airlines door plug incident, slowing airframe forging pull through 2024 [10]
- CFM International (January 2025): Reported 1,407 LEAP engine deliveries for 2024, signaling higher demand for nickel disc forgings [21]
- Airbus (January 2025): Delivered 766 commercial aircraft in 2024 and reiterated plans to raise A320 family output [17]
- Blue Origin (January 2025): Launched New Glenn on its first orbital flight, adding a reusable heavy launcher that consumes titanium and nickel forgings
- Bharat Forge and Rolls-Royce (February 2025): Signed an agreement for Bharat Forge to manufacture fan blades for Rolls-Royce Pearl business jet engines, deepening Indian participation in engine supply chains [18]
- Howmet Aerospace (February 2025): Reported full-year 2024 revenue of about USD 7.4 billion, led by engine product growth [5]
- U.S. Government (June 2025): Raised Section 232 tariffs on imported steel and aluminum to 50%, increasing input costs for U.S. forges [11]
- FAA (October 2025): Approved Boeing's increase of 737 MAX production to 42 aircraft per month, lifting forging demand into 2026 [23]

## Report Scope

| Parameter | Details |
| --- | --- |
| Market Scope | Forged aluminum, titanium, steel and nickel-based superalloy components used in engines, airframes and landing gear across commercial, military and space platforms, sold to OEMs and aftermarket channels |
| Study Period | 2021–2035 |
| Base Year | 2025 |
| Historical Data | 2021–2024 |
| Forecast Period | 2026–2035 |
| Market Size in 2025 | USD 26.15 Billion |
| Market Size in 2035 | USD 45.41 Billion |
| CAGR (2026–2035) | 5.68% |
| Fastest Growing Segments | Space Exploration (7.3% CAGR); Nickel-Based Superalloys (6.1% CAGR); Asia-Pacific (6.9% CAGR) |
| Regions Covered | North America, Europe, South America, Asia Pacific, Middle East and Africa and ROW |
| Companies Profiled | Precision Castparts Corp., Howmet Aerospace Inc., ATI Inc., VSMPO-AVISMA Corporation, Aubert & Duval, Otto Fuchs KG, Bharat Forge Limited, Doncasters Group, Mettis Aerospace, SIFCO Industries |
| Valuation Currency | USD Billion |
| Methodology | 350+ primary expert interviews; bottom-up market sizing; top-down validation; data triangulation; scenario-based forecasting; real-time project tracking |

## Frequently Asked Questions

**Q: How should investors assess supplier risk in the aerospace forging market?**
A: Focus on press capacity, alloy sourcing and OEM qualification depth. Suppliers holding long-term agreements with engine makers and dual-sourced titanium or nickel inputs carry far lower revenue volatility.

**Q: What should procurement teams prioritize when sourcing forged engine discs?**
A: Prioritize suppliers with proven melt-to-forge traceability and Nadcap-accredited heat treatment and inspection [13]. Lock in capacity through multiyear agreements, since requalifying a new source can take up to three years.

**Q: Why do new entrants struggle to win share in the aerospace forging market?**
A: Heavy presses cost hundreds of millions of dollars and take years to commission. Part qualification with OEMs then adds another long cycle, so incumbents keep most flight-critical work.

**Q: How does forging compare with additive manufacturing for structural parts?**
A: Forging delivers superior fatigue strength and consistent grain flow for large load-bearing parts. Additive methods suit small, complex, low-volume parts where design freedom outweighs material cost.

**Q: What role does the aftermarket play for forging suppliers?**
A: Spare parts typically earn higher margins than new-build parts across the aerospace forging market. Life-limited engine discs must be replaced at fixed cycle counts, giving suppliers predictable demand for decades after delivery.

**Q: How are export controls shaping the aerospace forging market?**
A: ITAR and EU dual-use rules restrict who can receive military forging data and parts. Suppliers in India, Japan and the Gulf often need technology transfer licenses before taking on defense work.

**Q: Which emerging use cases could add new forging demand after 2030?**
A: Electric vertical takeoff aircraft and hypersonic programs both need lightweight, heat-tolerant structural parts. Volumes remain small today, but certified eVTOL production could open a new tier of aluminum and titanium forging demand.


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