$4450
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The aircraft engine forging market size is projected to reach US$ 5,966.86 million by 2031 from US$ 3,787.15 million in 2024. The market is expected to register a CAGR of 6.84% during 2025–2031.
Aircraft Engine Forging Market Analysis
The surging aircraft engine production, increasing utilization of nickel-based superalloys in aircraft engine forging processes, and rising focus on fuel efficiency and emission reduction are key factors driving the aircraft engine forging market growth. Technological advancements in forging processes and using serviceable material (USM) are expected to create an opportunity for the market in the future. Manufacturing advanced future-generation aircraft is likely to emerge as a key trend for the market in the upcoming years.
Aircraft Engine Forging Market Overview
Aircraft engine forging is a manufacturing process used to produce high-strength, high-performance components for aircraft engines. It involves shaping metal—typically titanium, nickel-based alloys, or stainless steel—under extreme pressure using hammers, presses, or dies. This process aligns the metal's grain structure with the shape of the part, enhancing mechanical properties such as strength, fatigue resistance, and durability, which are critical in the harsh operating conditions of jet engines.
Forging creates engine parts such as turbine disks, compressor blades, shafts, and casings. These components must withstand extreme temperatures, high rotational speeds, and enormous stresses. Compared to casting or machining, forging results in superior structural integrity and fewer internal defects, making it ideal for aerospace applications where safety and performance are paramount. Advanced forging techniques, such as isothermal and precision die forging, allow for tight tolerances and complex geometries, minimizing the need for further machining. With the increasing demand for fuel efficiency and lightweight engines, forged parts are essential in modern engine designs, including those used in commercial jets and military aircraft. Overall, forging is vital in the aerospace industry, ensuring reliability and safety in demanding engine environments.
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Aircraft Engine Forging Market: Strategic Insights
Market Size Value in US$ 2,145.80 million in 2021 Market Size Value by US$ 3,260.77 million by 2028 Growth rate CAGR of 6.2% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Aircraft Engine Forging Market Drivers and Opportunities
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Aircraft Engine Forging Market: Strategic Insights
| Market Size Value in | US$ 2,145.80 million in 2021 |
| Market Size Value by | US$ 3,260.77 million by 2028 |
| Growth rate | CAGR of 6.2% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Market Drivers
Increasing Air Traffic and Fleet Expansion
Rising global passenger and cargo air traffic is driving demand for new aircraft, boosting the need for forged engine components that offer strength and durability.Demand for Fuel-Efficient Engines
Airlines prioritize fuel efficiency to reduce operational costs and emissions, leading to increased adoption of forged parts that support lightweight, high-performance engine designs.Stringent Safety and Performance Standards
Aviation regulations require high-reliability components. Forging ensures structural integrity and fatigue resistance, making it essential for critical engine parts.Growth in Defense Aviation
Military aircraft programs are expanding globally, requiring robust engine components to withstand extreme conditions, further driving market expansion.Technological Advancements in Materials and Processes
Innovations in titanium and nickel-based alloys and precision forging techniques enhance engine performance and lifecycle.
Market Opportunities
Next-Generation Aircraft Programs
Upcoming commercial and defense aircraft platforms present opportunities for forging suppliers to integrate advanced materials and designs.Sustainable Aviation Initiatives
The push for sustainable aviation fuels and hybrid-electric propulsion systems will require new forged components optimized for novel engine architectures.Aftermarket and MRO Services
As global fleets age, the demand for maintenance, repair, and overhaul (MRO) of engine components rises, creating a steady aftermarket opportunity.Emerging Markets Expansion
Rapid aviation growth in Asia Pacific, the Middle East, and Africa drives regional manufacturing and forging capabilities.Digital Manufacturing and Automation
Adopting Industry 4.0 technologies in forging processes can improve efficiency, reduce waste, and enable real-time quality control.
Aircraft Engine Forging Market Report Segmentation Analysis
The aircraft engine forging market is divided into different segments to give a clearer view of how it works, its growth potential, and the latest trends. Below is the standard segmentation approach used in most industry reports
By Forging Type
Closed Die Forging
Used for producing complex, high-strength components with precise dimensions. Ideal for turbine blades, discs, and shafts in aircraft engines. Offers excellent mechanical properties and material utilization.
Seamless Rolled Ring Forging
Preferred for large, circular components such as engine rings and bearing races. It provides superior structural integrity and fatigue and thermal stress resistance, essential for high-performance jet engines.
By Material Type
Nickel Alloy
Dominates the market due to its high-temperature strength, corrosion resistance, and durability. Crucial for turbine sections exposed to extreme heat and pressure.
Titanium Alloy
Valued for its lightweight and high strength-to-weight ratio. Widely used in fan blades and compressor sections to improve fuel efficiency and reduce engine weight.
Aluminum
Used in low-stress engine components. Offers cost-effectiveness and ease of machining but is limited in high-temperature applications.
Others (e.g., Steel, Cobalt Alloys)
Specialty materials used in niche applications require unique mechanical or thermal properties. Often found in military or experimental engines.
By Aircraft Type
Commercial Aircraft
The largest segment is driven by global air travel demand. Requires high-volume, precision-forged components for fuel-efficient and reliable engines.
Military Aircraft
Focuses on performance under extreme conditions. Uses advanced alloys and forging techniques for durability, stealth, and high-speed capabilities.
General Aviation
Includes private jets and small aircraft. Demand is growing for lightweight, cost-effective forged components that balance performance and affordability.
By Application
- Fan Case
- Combustion Chamber Outer Case
- Turbine Disc
- Rotors
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
The aircraft engine forging market in Asia Pacific is witnessing significant growth.
Aircraft Engine Forging Market Report ScopeAircraft Engine Forging Market Share Analysis by Geography
The aircraft engine forging market is segmented into five major regions North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America. North America dominated the market in 2024, followed by Europe and Asia Pacific.
North America, particularly the US, dominates the aircraft engine forging market. The region hosts some of the world's largest aerospace manufacturers and defense contractors, including General Electric Aviation and Pratt & Whitney. Due to stringent safety and performance standards in commercial and military aviation, these companies drive demand for high-performance forged components, such as turbine discs and compressor blades. A well-established industrial base, access to advanced forging technologies, and investment in aerospace R&D contribute to North America's leadership. Canada plays a supporting role, with firms specializing in aerospace component manufacturing and precision engineering.
Below is a summary of market share and trends by region
1. North America
Market Share
Dominant due to advanced aerospace manufacturing and defense spending.Key Drivers
- Strong presence of aircraft OEMs and forging suppliers.
- High demand for commercial and military aircraft.
- Technological leadership in forging processes and materials.
Trends
Growth in titanium and nickel alloy forging; increased investment in sustainable aviation technologies.
2. Europe
Market Share
Significant, supported by Airbus and defense programs.Key Drivers
- Focus on lightweight, fuel-efficient engines.
- Strong regulatory push for low-emission aviation.
- Collaborative R&D across EU nations.
Trends
Expansion of forging capacity for next-gen engines; emphasis on circular economy and material recycling.
3. Asia Pacific
Market Share
Fastest-growing region due to rising air traffic and fleet expansion.Key Drivers
- Rapid growth in domestic aviation markets (China and India).
- Increasing local manufacturing and MRO capabilities.
- Government support for aerospace sector development.
Trends
Surging demand for aluminum and titanium forgings; emergence of regional forging hubs.
4. Middle East and Africa
Market Share
Emerging market with strategic aviation investments.Key Drivers
- Expansion of national carriers and airport infrastructure.
- Growing interest in defense aviation.
- Partnerships with global aerospace firms.
Trends
Investment in forging facilities; focus on high-performance materials for harsh environments.
5. South America
Market Share
Modest but growing, led by Brazil’s aerospace industry.Key Drivers
- Demand for regional jets and general aviation.
- Development of local aerospace supply chains.
- Economic recovery is driving fleet modernization.
Trends
Growth in aluminum forging; increased participation in global aerospace programs.
Aircraft Engine Forging Market Players Density Understanding Its Impact on Business Dynamics
Medium Market Density and Competition
Competition is medium due to the presence of established players such as All Metals & Forge Group, OTTO FUCHS KG, Pacific Forge Incorporated, Precision Castparts Corp., Safran SA, VSMPO-AVISMA Corp, Farinia Group, Doncasters Group, LISI GROUP, and Allegheny Technologies Inc.
This medium level of competition urges companies to stand out by offering
- Diverse product types and materials cater to varied consumer needs, increasing rivalry.
- Low entry barriers allow many small and regional players to enter the market.
- Customization demand pushes brands to innovate and differentiate constantly.
- Strong presence of global and local manufacturers intensifies price and feature competition.
- E-commerce growth enables direct-to-consumer sales, increasing market saturation.
- Technological advancements like smart sheds and modular designs raise the innovation stakes.
- Price-sensitive consumers drive aggressive pricing and promotional strategies.
Opportunities and Strategic Moves
Advanced Alloy Development
Invest in high-performance materials such as titanium aluminides and nickel-based superalloys to meet the demands of next-gen aircraft engines.Support for Sustainable Aviation
Forge components optimized for engines running on Sustainable Aviation Fuels (SAF) and hybrid-electric propulsion systems.Digital Forging Technologies
Integrate AI, IoT, and digital twins for real-time monitoring, predictive maintenance, and process optimization in forging operations.Modular Engine Component Design
Develop modular forged parts that simplify maintenance and upgrades, especially for regional and general aviation aircraft.Expansion into Emerging Markets
Establish forging facilities in the Asia Pacific, Middle East, and South America to meet growing regional demand and reduce supply chain risks.Lightweight Component Innovation
Focus on forging lightweight components to improve fuel efficiency and reduce commercial and military aircraft emissions.Aftermarket and MRO Growth
Capitalize on the rising demand for maintenance, repair, and overhaul (MRO) services by supplying forged replacement parts.Collaborative R&D Initiatives
Partner with OEMs, research institutions, and government bodies to co-develop forging technologies for future propulsion systems.Automation and Smart Manufacturing
Adopt robotics and automated forging lines to enhance productivity, consistency, and scalability.Compliance with Global Standards
Align forging processes with international aviation safety and environmental standards to ensure global market access.
Major Companies operating in the Aircraft Engine Forging Market are
- All Metals & Forge Group
- OTTO FUCHS KG
- Pacific Forge Incorporated
- Precision Castparts Corp.
- Safran SA
- VSMPO-AVISMA Corp
- Farinia Group
- Doncasters Group
- LISI GROUP
- Allegheny Technologies Inc
Disclaimer The companies listed above are not ranked in any particular order.
Other companies analyzed during the course of research
- Mettis Aerospace Limited.
- FRISA
- ELLWOOD Texas Forge Houston
- Wuxi Paike New Materials Technology Co., Ltd.
- SIFCO Forge
- SQuAD Forging India
- Canton Forge
- Carlton Forge Works
- Weldaloy Specialty Forging Company
- MATTCO FORGE INC.
- Arconic Corporation
- Consolidated Industries, Inc.
- Forgital Group
- Bharat Forge
- Voestalpine Bohler Aerospace GmbH & Co KG
- Howmet Aerospace
Aircraft Engine Forging Market News and Recent Developments
Safran Aircraft Engine Signed an Agreement with HAL
Safran Aircraft Engines signed an agreement with Hindustan Aeronautics Limited (HAL), India's leading aerospace and defense company, for the industrialization and production of rotating parts for LEAP engines. This agreement supports the government’s “Make in India” policy. It follows the memorandum of understanding signed by Safran Aircraft Engines and HAL in October 2023 to develop industrial cooperation in LEAP engine parts manufacturing, as well as the contract signed last February by both partners to produce forged parts. Safran Aircraft Engines is continuing to expand its footprint in India and is extending the scope of its cooperation with HAL through the production of Inconel parts.
ATI Inc. Signed an Agreement with Airbus
In May 2025, ATI Inc. announced it has signed a multi-year agreement with Airbus, securing the airframer's supply of titanium plate, sheet, and billet as it continues to ramp production of narrow and widebody aircraft. It positions ATI as a top supplier of titanium flat rolled and long products to Airbus.
Aircraft Engine Forging Market Report Coverage and Deliverables
The "Aircraft Engine Forging Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering the following areas
- Aircraft engine forging market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Aircraft engine forging market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Aircraft engine forging market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Aircraft engine forging market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Forging Type, Material Type, Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Brazil, Canada, China, France, Germany, India, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Manufacturing advanced future-generation aircraft is expected to be the key future trend in the aircraft engine forging market.
Surges in aircraft engine production, the increasing utilization of nickel-based superalloys in aircraft engine forging processes, and a soaring focus on fuel efficiency and emission reduction are factors impacting market growth.
The pandemic caused temporary delays in projects and supply chain disruptions, but accelerated trends toward sustainable energy and digitalization.
Closed die forging held the largest market share in 2024, owing to the growing demand for aircraft engine forging applications.
Manufacturing of advanced future-generation aircraft is likely to emerge as a future trend in the market.
Increased utilization of used serviceable material (USM) and technological advancements in forging processes are expected to create key opportunities in the market in the upcoming years.
The aircraft engine forging market was valued at US$ 3,787.15 million in 2024 and is projected to reach US$ 5,966.86 million by 2031; it is expected to grow at a CAGR of 6.84% during 2025–2031.
Demand for closed-die forged components in aircraft engines is growing due to their superior strength, precision, and ability to withstand extreme operating conditions. This forging method is favored for engine parts such as turbine discs, shafts, and blades in commercial and military aviation.
North America held the largest market share in 2024, followed by Asia Pacific, owing to the increasing demand for aircraft engine forged components from these regions.
The key players holding majority shares in the market are All Metals & Forge Group, OTTO FUCHS KG, Pacific Forge Incorporated, Precision Castparts Corp., Safran SA, VSMPO-AVISMA Corp, Farinia Group, Doncasters Group, LISI GROUP, and Allegheny Technologies Inc.
The List of Companies - Aircraft Engine Forging Market
- All Metals and Forge Group
- OTTO FUCHS Kommanditgesellschaft
- Pacific Forge, Inc.
- Precision Castparts Corp.
- VSMPO-AVISMA Corporation
- Farinia Group
- Doncasters Group
- LISI Group
- Allegheny Technologies Incorporated
- Mettis Aerospace Limited.
- FRISA
- ELLWOOD Texas Forge Houston
- Wuxi Paike New Materials Technology Co., Ltd.
- SIFCO Forge
- SQuAD Forging India
- Canton Forge
- Carlton Forge Works
- Weldaloy Specialty Forging Company
- MATTCO FORGE INC.
- Arconic Corporation
- Consolidated Industries, Inc.
- Forgital Group
- Bharat Forge
- Voestalpine Bohler Aerospace GmbH & Co KG
- Howmet Aerospace
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
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The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
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- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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