Aerospace Forging Market Size, Share & Trends Analysis Report By Material (Aluminum, Steel, Titanium), By Aircraft (Commercial, Military), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2025 - 2030
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Aerospace Forging Market Growth & Trends
The global aerospace forging market size is estimated treach USD 36.0 billion by 2030, registering a CAGR of 5.5% from 2025 t2030, according ta new report by Grand View Research, Inc. Increasing defense spending by various governments is projected tremain a key factor for the market growth.
In 2019, U.S. was the leading country for defense spending, followed by China. U.S. investments in R&D and weapons were greater than China’s overall defense budget. In 2019, U.S., China, Saudi Arabia, Russia, and India were the leading defense spenders. As per the U.S. budget, nearly 57 billion are allocated tthe Air Force in 2020, including USD 11 billion for Joint Strike Fighters.
Emerging economies such as India and China are alslikely tprocure various military planes tstrengthen their defense. For instance, India received its first Rafale fighter jet in 2019. For this, India signed a deal with France tprocure 36 Rafale fighter jets. Forged components are widely used in military planes owing tits combination of size, geometry, and mechanical properties.
Increasing investment by aircraft manufacturing companies in order tsupply more aircraft is likely tcontribute tthe demand for forging parts. For instance, Airbus recently invested nearly USD 40 million in its production facility Mobile, Alabama. This investment was done in order tmanufacture A320 family aircraft in 2021. This strategic investment of the company is likely tassist in boosting the production rate and improving the company’s industrial footprint in U.S.
Inorganic growth strategies through mergers & acquisitions by manufacturing companies are likely tplay a key role in the market. For instance, in December 2019, Arlington Capital Partners acquired Rixson Forging Ltd. from Arconic. Rixson is one of the leading suppliers of closed die forging components tTier I and OEM for aerospace and defense engine companies.
Adoption of lightweight design and materials is another promising area for market vendors. Materials such as aluminum and titanium are projected twitness rapid demand in aerospace component manufacturing. In 2018, Weber Metals Inc. revealed 60,000-ton press at a manufacturing facility worth USD 180 million. This press is projected tassist in the manufacturing of aluminum and titanium forged parts, such as fuselage and wing fittings, cockpit window frames, and various bulkheads.
The market is likely twitness sluggish growth in 2020 on account of the spread of COVID-19 disease around the world. This outbreak has resulted in the reduction of production and in some cases, closure of non-essential businesses, such as automotive and aerospace companies. Giant manufacturers such as Boeing and Airbus have recently announced a temporary shutdown of their various production facilities.
Aerospace Forging Market Report Highlights
Aerospace Forging Market Growth & Trends
The global aerospace forging market size is estimated treach USD 36.0 billion by 2030, registering a CAGR of 5.5% from 2025 t2030, according ta new report by Grand View Research, Inc. Increasing defense spending by various governments is projected tremain a key factor for the market growth.
In 2019, U.S. was the leading country for defense spending, followed by China. U.S. investments in R&D and weapons were greater than China’s overall defense budget. In 2019, U.S., China, Saudi Arabia, Russia, and India were the leading defense spenders. As per the U.S. budget, nearly 57 billion are allocated tthe Air Force in 2020, including USD 11 billion for Joint Strike Fighters.
Emerging economies such as India and China are alslikely tprocure various military planes tstrengthen their defense. For instance, India received its first Rafale fighter jet in 2019. For this, India signed a deal with France tprocure 36 Rafale fighter jets. Forged components are widely used in military planes owing tits combination of size, geometry, and mechanical properties.
Increasing investment by aircraft manufacturing companies in order tsupply more aircraft is likely tcontribute tthe demand for forging parts. For instance, Airbus recently invested nearly USD 40 million in its production facility Mobile, Alabama. This investment was done in order tmanufacture A320 family aircraft in 2021. This strategic investment of the company is likely tassist in boosting the production rate and improving the company’s industrial footprint in U.S.
Inorganic growth strategies through mergers & acquisitions by manufacturing companies are likely tplay a key role in the market. For instance, in December 2019, Arlington Capital Partners acquired Rixson Forging Ltd. from Arconic. Rixson is one of the leading suppliers of closed die forging components tTier I and OEM for aerospace and defense engine companies.
Adoption of lightweight design and materials is another promising area for market vendors. Materials such as aluminum and titanium are projected twitness rapid demand in aerospace component manufacturing. In 2018, Weber Metals Inc. revealed 60,000-ton press at a manufacturing facility worth USD 180 million. This press is projected tassist in the manufacturing of aluminum and titanium forged parts, such as fuselage and wing fittings, cockpit window frames, and various bulkheads.
The market is likely twitness sluggish growth in 2020 on account of the spread of COVID-19 disease around the world. This outbreak has resulted in the reduction of production and in some cases, closure of non-essential businesses, such as automotive and aerospace companies. Giant manufacturers such as Boeing and Airbus have recently announced a temporary shutdown of their various production facilities.
Aerospace Forging Market Report Highlights
- In terms of volume, aluminum was the largest material segment and accounted for a share of 60.2% in 2024. The growth of the segment is attributed timproved focus on lightweight design and development of advanced aluminum alloys.
- In terms of revenue, titanium is projected texpand at a CAGR of 6.3% from 2025 t2030, on account of its ability twithstand high temperatures and high corrosion resistance.
- The military aircraft segment is expected tgrow at the fastest CAGR of 6.0% over the forecast period, driven by the surging demand for high-performance forged components.
- The commercial aircraft segment accounted for the largest volume share of 49.5% in 2024 and is likely twitness considerable growth on the account of increasing passenger traffic across various countries.
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
CHAPTER 3. AEROSPACE FORGING MARKET VARIABLES, TRENDS, & SCOPE
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Billion)
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.2. Market Restraints Analysis
3.4. Aerospace Forging Market Analysis Tools
3.4.1. Porter's Analysis
3.4.1.1. Bargaining Power of the Suppliers
3.4.1.2. Bargaining Power of the Buyers
3.4.1.3. Threats of Substitution
3.4.1.4. Threats from New Entrants
3.4.1.5. Competitive Rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political Landscape
3.4.2.2. Economic and Social Landscape
3.4.2.3. Technological Landscape
3.4.2.4. Environmental Landscape
3.4.2.5. Legal Landscape
CHAPTER 4. AEROSPACE FORGING MARKET: MATERIAL ESTIMATES & TREND ANALYSIS
4.1. Material Market Share, 2024 & 2030
4.2. Material Segment Dashboard
4.3. Market Size & Forecasts and Trend Analysis, by Material, 2018 to 2030 (USD Billion)
4.3.1. Aluminum
4.3.1.1. Aluminum Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
4.3.2. Steel
4.3.2.1. Steel Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
4.3.3. Titanium
4.3.3.1. Titanium Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
4.3.4. Others
4.3.4.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
CHAPTER 5. AEROSPACE FORGING MARKET: AIRCRAFT ESTIMATES & TREND ANALYSIS
5.1. Aircraft Market Share, 2024 & 2030
5.2. Aircraft Segment Dashboard
5.3. Market Size & Forecasts and Trend Analysis, by Aircraft, 2018 to 2030 (USD Billion)
5.3.1. Commercial
5.3.1.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
5.3.2. Military
5.3.2.1. Military Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
5.3.3. Others
5.3.3.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
CHAPTER 6. AEROSPACE FORGING MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
6.1. Regional Market Share Analysis, 2024 & 2030
6.2. Regional Market Dashboard
6.3. Market Size & Forecasts Trend Analysis, 2018 to 2030:
6.4. North America
6.4.1. North America Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.4.2. U.S.
6.4.2.1. Key Country Dynamics
6.4.2.2. Regulatory Framework
6.4.2.3. Competitive Insights
6.4.2.4. U.S. Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.4.3. Canada
6.4.3.1. Key Country Dynamics
6.4.3.2. Regulatory Framework
6.4.3.3. Competitive Insights
6.4.3.4. Canada Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.5. Europe
6.5.1. Europe Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.5.2. UK
6.5.2.1. Key Country Dynamics
6.5.2.2. Regulatory Framework
6.5.2.3. Competitive Insights
6.5.2.4. UK Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.5.3. Germany
6.5.3.1. Key Country Dynamics
6.5.3.2. Regulatory Framework
6.5.3.3. Competitive Insights
6.5.3.4. Germany Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.5.4. France
6.5.4.1. Key Country Dynamics
6.5.4.2. Regulatory Framework
6.5.4.3. Competitive Insights
6.5.4.4. France Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.5.5. Italy
6.5.5.1. Key Country Dynamics
6.5.5.2. Regulatory Framework
6.5.5.3. Competitive Insights
6.5.5.4. Italy Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.6. Asia Pacific
6.6.1. Asia Pacific Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.6.2. China
6.6.2.1. Key Country Dynamics
6.6.2.2. Regulatory Framework
6.6.2.3. Competitive Insights
6.6.2.4. China Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.6.3. Japan
6.6.3.1. Key Country Dynamics
6.6.3.2. Regulatory Framework
6.6.3.3. Competitive Insights
6.6.3.4. Japan Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.6.4. India
6.6.4.1. Key Country Dynamics
6.6.4.2. Regulatory Framework
6.6.4.3. Competitive Insights
6.6.4.4. India Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.7. Latin America
6.7.1. Latin America Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.7.2. Brazil
6.7.2.1. Key Country Dynamics
6.7.2.2. Regulatory Framework
6.7.2.3. Competitive Insights
6.7.2.4. Brazil Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.8. Middle East and Africa
6.8.1. Middle East and Africa Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
CHAPTER 7. COMPETITIVE LANDSCAPE
7.1. Participant Overview
7.2. Company Market Position Analysis
7.3. Company Categorization
7.4. Strategy Mapping
7.5. Company Profiles/Listing
7.5.1. Arconic
7.5.1.1. Participant's Overview
7.5.1.2. Financial Performance
7.5.1.3. Material Benchmarking
7.5.1.4. Recent Developments/ Strategic Initiatives
7.5.2. ATI
7.5.2.1. Participant's Overview
7.5.2.2. Financial Performance
7.5.2.3. Material Benchmarking
7.5.2.4. Recent Developments/ Strategic Initiatives
7.5.3. Bharat Forge
7.5.3.1. Participant's Overview
7.5.3.2. Financial Performance
7.5.3.3. Material Benchmarking
7.5.3.4. Recent Developments/ Strategic Initiatives
7.5.4. ELLWOOD Group Inc.
7.5.4.1. Participant's Overview
7.5.4.2. Financial Performance
7.5.4.3. Material Benchmarking
7.5.4.4. Recent Developments/ Strategic Initiatives
7.5.5. Jiangyin Hengrun Heavy Industries Co., Ltd.
7.5.5.1. Participant's Overview
7.5.5.2. Financial Performance
7.5.5.3. Material Benchmarking
7.5.5.4. Recent Developments/ Strategic Initiatives
7.5.6. LARSEN & TOUBRO LIMITED.
7.5.6.1. Participant's Overview
7.5.6.2. Financial Performance
7.5.6.3. Material Benchmarking
7.5.6.4. Recent Developments/ Strategic Initiatives
7.5.7. PACIFIC FORGE, INC.
7.5.7.1. Participant's Overview
7.5.7.2. Financial Performance
7.5.7.3. Material Benchmarking
7.5.7.4. Recent Developments/ Strategic Initiatives
7.5.8. Precision Castparts Corp.
7.5.8.1. Participant's Overview
7.5.8.2. Financial Performance
7.5.8.3. Material Benchmarking
7.5.8.4. Recent Developments/ Strategic Initiatives
7.5.9. Scot Forge Company
7.5.9.1. Participant's Overview
7.5.9.2. Financial Performance
7.5.9.3. Material Benchmarking
7.5.9.4. Recent Developments/ Strategic Initiatives
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
CHAPTER 3. AEROSPACE FORGING MARKET VARIABLES, TRENDS, & SCOPE
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Billion)
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.2. Market Restraints Analysis
3.4. Aerospace Forging Market Analysis Tools
3.4.1. Porter's Analysis
3.4.1.1. Bargaining Power of the Suppliers
3.4.1.2. Bargaining Power of the Buyers
3.4.1.3. Threats of Substitution
3.4.1.4. Threats from New Entrants
3.4.1.5. Competitive Rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political Landscape
3.4.2.2. Economic and Social Landscape
3.4.2.3. Technological Landscape
3.4.2.4. Environmental Landscape
3.4.2.5. Legal Landscape
CHAPTER 4. AEROSPACE FORGING MARKET: MATERIAL ESTIMATES & TREND ANALYSIS
4.1. Material Market Share, 2024 & 2030
4.2. Material Segment Dashboard
4.3. Market Size & Forecasts and Trend Analysis, by Material, 2018 to 2030 (USD Billion)
4.3.1. Aluminum
4.3.1.1. Aluminum Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
4.3.2. Steel
4.3.2.1. Steel Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
4.3.3. Titanium
4.3.3.1. Titanium Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
4.3.4. Others
4.3.4.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
CHAPTER 5. AEROSPACE FORGING MARKET: AIRCRAFT ESTIMATES & TREND ANALYSIS
5.1. Aircraft Market Share, 2024 & 2030
5.2. Aircraft Segment Dashboard
5.3. Market Size & Forecasts and Trend Analysis, by Aircraft, 2018 to 2030 (USD Billion)
5.3.1. Commercial
5.3.1.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
5.3.2. Military
5.3.2.1. Military Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
5.3.3. Others
5.3.3.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
CHAPTER 6. AEROSPACE FORGING MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
6.1. Regional Market Share Analysis, 2024 & 2030
6.2. Regional Market Dashboard
6.3. Market Size & Forecasts Trend Analysis, 2018 to 2030:
6.4. North America
6.4.1. North America Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.4.2. U.S.
6.4.2.1. Key Country Dynamics
6.4.2.2. Regulatory Framework
6.4.2.3. Competitive Insights
6.4.2.4. U.S. Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.4.3. Canada
6.4.3.1. Key Country Dynamics
6.4.3.2. Regulatory Framework
6.4.3.3. Competitive Insights
6.4.3.4. Canada Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.5. Europe
6.5.1. Europe Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.5.2. UK
6.5.2.1. Key Country Dynamics
6.5.2.2. Regulatory Framework
6.5.2.3. Competitive Insights
6.5.2.4. UK Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.5.3. Germany
6.5.3.1. Key Country Dynamics
6.5.3.2. Regulatory Framework
6.5.3.3. Competitive Insights
6.5.3.4. Germany Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.5.4. France
6.5.4.1. Key Country Dynamics
6.5.4.2. Regulatory Framework
6.5.4.3. Competitive Insights
6.5.4.4. France Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.5.5. Italy
6.5.5.1. Key Country Dynamics
6.5.5.2. Regulatory Framework
6.5.5.3. Competitive Insights
6.5.5.4. Italy Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.6. Asia Pacific
6.6.1. Asia Pacific Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.6.2. China
6.6.2.1. Key Country Dynamics
6.6.2.2. Regulatory Framework
6.6.2.3. Competitive Insights
6.6.2.4. China Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.6.3. Japan
6.6.3.1. Key Country Dynamics
6.6.3.2. Regulatory Framework
6.6.3.3. Competitive Insights
6.6.3.4. Japan Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.6.4. India
6.6.4.1. Key Country Dynamics
6.6.4.2. Regulatory Framework
6.6.4.3. Competitive Insights
6.6.4.4. India Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.7. Latin America
6.7.1. Latin America Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.7.2. Brazil
6.7.2.1. Key Country Dynamics
6.7.2.2. Regulatory Framework
6.7.2.3. Competitive Insights
6.7.2.4. Brazil Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
6.8. Middle East and Africa
6.8.1. Middle East and Africa Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
CHAPTER 7. COMPETITIVE LANDSCAPE
7.1. Participant Overview
7.2. Company Market Position Analysis
7.3. Company Categorization
7.4. Strategy Mapping
7.5. Company Profiles/Listing
7.5.1. Arconic
7.5.1.1. Participant's Overview
7.5.1.2. Financial Performance
7.5.1.3. Material Benchmarking
7.5.1.4. Recent Developments/ Strategic Initiatives
7.5.2. ATI
7.5.2.1. Participant's Overview
7.5.2.2. Financial Performance
7.5.2.3. Material Benchmarking
7.5.2.4. Recent Developments/ Strategic Initiatives
7.5.3. Bharat Forge
7.5.3.1. Participant's Overview
7.5.3.2. Financial Performance
7.5.3.3. Material Benchmarking
7.5.3.4. Recent Developments/ Strategic Initiatives
7.5.4. ELLWOOD Group Inc.
7.5.4.1. Participant's Overview
7.5.4.2. Financial Performance
7.5.4.3. Material Benchmarking
7.5.4.4. Recent Developments/ Strategic Initiatives
7.5.5. Jiangyin Hengrun Heavy Industries Co., Ltd.
7.5.5.1. Participant's Overview
7.5.5.2. Financial Performance
7.5.5.3. Material Benchmarking
7.5.5.4. Recent Developments/ Strategic Initiatives
7.5.6. LARSEN & TOUBRO LIMITED.
7.5.6.1. Participant's Overview
7.5.6.2. Financial Performance
7.5.6.3. Material Benchmarking
7.5.6.4. Recent Developments/ Strategic Initiatives
7.5.7. PACIFIC FORGE, INC.
7.5.7.1. Participant's Overview
7.5.7.2. Financial Performance
7.5.7.3. Material Benchmarking
7.5.7.4. Recent Developments/ Strategic Initiatives
7.5.8. Precision Castparts Corp.
7.5.8.1. Participant's Overview
7.5.8.2. Financial Performance
7.5.8.3. Material Benchmarking
7.5.8.4. Recent Developments/ Strategic Initiatives
7.5.9. Scot Forge Company
7.5.9.1. Participant's Overview
7.5.9.2. Financial Performance
7.5.9.3. Material Benchmarking
7.5.9.4. Recent Developments/ Strategic Initiatives
