Aerospace Forging Market, By Material, By Aircraft, By Process Type, By End Use, By Country, and By Region –Global Industry Analysis, Market Size, Market Share & Forecast from 2026-2033

REPORT HIGHLIGHT

Aerospace Forging Market size was valued at US$ 27,801.3 Million in 2025, expanding at a CAGR of 5.2% from 2026 to 2033.

Aerospace forging is a metal forming process that manipulates metal using localized compressive forces. The compositions of alloys can be further upgraded with mixtures of different elemental powders during forging to yield lightweight, highly strong components. This results in structures with better fatigue and fracture resistance due to idealized grain flow allowing for enhanced performance under high-stress service conditions. Isothermal forging has further improved to facilitate near-net-shape manufacturing of complex components like engine discs and aircraft landing gear, providing drastic decreases in material waste (compared with machining requirements).

Aerospace Forging Market- Market Dynamics

• Growing Adoption of Smart Devices to Drive Market Growth

The growing demand for products within the aerospace industry increases the demand for aerospace forgings since the manufacturing companies will have to make use of strong, lightweight, and durable parts to improve their aircraft performance and fuel economy apart from the safety problems within the manufacturing process. For example, in December 2025, "the revenue of Europe’s aerospace industry increased by 10.1 per cent compared to the last year (US $358,000 million); civil aeronautics, which is responsible for most of the increase within the aerospace industry, has earned (US $141,800 million) and generated 406,300 jobs compared to the last year, despite some limitations due to higher demand for commercial and advanced aeroplane technology. The positive trends in the aerospace industry could lead to an increase in demand for aerospace forgings around the world."

Aerospace Forging Market- Segmentation Analysis:

The Global Aerospace Forging market is segmented on the basis of Material, Aircraft, Process Type, End Use, and Region.Commercial aircraft represent a major share in the electric vehicle motor controller market owing to the electrification of commercial aircraft, growing demands for energy-efficient propulsion systems, and increasing investments in electric and hybrid-electric aircraft. In June 2025, according to the International Air Transport Association (org.), there is a high demand for commercial aircraft that has outstripped its supply. The deliveries of commercial aircraft have fallen by nearly 30 percent from its peak level. With reference to the aforementioned scenario, the current backlogs of orders in the industry stand at 17,000 planes. The lack of commercial aircraft means that the airlines need around 5,400 aircraft (18 percent of in-service aircraft). It will take 3 to 5 years at the current rate of aircraft deliveries of around 2,000 per year.

Aerospace Forging Market- Geographical Insights

The major portion of the Aerospace Forging market was dominated by North America owing to the application of modern manufacturing technology and an already established aerospace and defense industry in the area. For example, in February 2026, as per the report by the US Center for Advanced Manufacturing (Org.), the manufacturing industry in the US is utilizing more advanced manufacturing technologies in order to survive in the international market despite difficulties of labor and innovation. The study revealed that about 2.1 million manufacturing jobs could go unfilled until the year 2030 owing to the lack of skilled labor, yet at the same time, there will be increasing demand for advanced manufactured products at an annual rate of 5.6%.

Aerospace Forging Market- Competitive Landscape:

The Aerospace Forgings market in the world is concentrated with companies like Arconic, ATI, Bharat Forge, Precision Castparts Corp., and Scot Forge Company holding market share in the industry. The dynamics of the market revolve around the certification process, manufacturing technology, and long customer qualification process. On 1st September 2025, Arconic launched a USD 57.5 million expansion plan at Davenport Works where the company will increase its capacity of producing high purity aluminum for use in the aerospace and defense industries in the US. The technology will enhance the supply of aerospace grade metals produced by Arconic that will be used in their customer's aircrafts and defense products.

Recent Developments:

• In May 2026, Bharat Forge entered into a strategic alliance with Embraer by entering into a contract according to which it will supply forged raw materials for the purposes of the aviation industry. This particular strategic alliance is noteworthy because it is the first ever strategic alliance between Embraer and an Indian firm for the procurement of forged raw material.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL AEROSPACE FORGING MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

• Precision Castparts Corp.
• Howmet Aerospace Inc.
• Arconic Inc.
• ATI Inc.
• Otto Fuchs KG
• Bharat Forge Limited
• Forgital Group
• Scot Forge Company
• LISI Aerospace
• Aubert & Duval
• Doncasters Group Ltd.
• Kobe Steel, Ltd.
• Mettis Aerospace Ltd.
• VSMPO-AVISMA Corporation
• GKN Aerospace
• FRISA Aerospace
• ELLWOOD Group Inc.
• Jiangyin Hengrun Heavy Industries Co., Ltd.
• Others

GLOBAL AEROSPACE FORGING MARKET, BY MATERIAL- MARKET ANALYSIS, 2020 - 2033

• Steel
• Aluminum
• Titanium
• Others

GLOBAL AEROSPACE FORGING MARKET, BY AIRCRAFT- MARKET ANALYSIS, 2020 - 2033

• Military
• Commercial
• Others

GLOBAL AEROSPACE FORGING MARKET, BY PROCESS TYPE- MARKET ANALYSIS, 2020 - 2033

• Closed Die Forging
• Open Die Forging
• Precision Forging

GLOBAL AEROSPACE FORGING MARKET, BY END USE- MARKET ANALYSIS, 2020 - 2033

• Engine Components
• Airframe Components
• Landing Gear
• Others

GLOBAL AEROSPACE FORGING MARKET, BY REGION- MARKET ANALYSIS, 2020 - 2033

North America

• U.S.
• Canada

Europe

• Germany
• UK
• France
• Italy
• Spain
• The Netherlands
• Sweden
• Russia
• Poland
• Denmark
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• South Korea
• Australia
• Indonesia
• Thailand
• Philippines
• Taiwan
• Vietnam
• Rest of APAC

Latin America

• Brazil
• Mexico
• Argentina
• Colombia
• Rest of LATAM

The Middle East and Africa

• Saudi Arabia
• UAE
• Israel
• Turkey
• Algeria
• Egypt
• Iran
• Qatar
• Rest of MEA