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

PUBLISHED: December 12, 2024

PAGES: 100 Pages

DELIVERY TIME: 2-10 business days

SELECT AN OPTION

The global aerospace forging market size is estimated to reach USD 36.0 billion by 2030, registering a CAGR of 5.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing defense spending by various governments is projected to remain 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 to the Air Force in 2020, including USD 11 billion for Joint Strike Fighters.

Emerging economies such as India and China are also likely to procure various military planes to strengthen their defense. For instance, India received its first Rafale fighter jet in 2019. For this, India signed a deal with France to procure 36 Rafale fighter jets. Forged components are widely used in military planes owing to its combination of size, geometry, and mechanical properties.

Increasing investment by aircraft manufacturing companies in order to supply more aircraft is likely to contribute to the 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 to manufacture A320 family aircraft in 2021. This strategic investment of the company is likely to assist 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 to play 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 to Tier 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 to witness 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 to assist 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 to witness 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 to improved focus on lightweight design and development of advanced aluminum alloys.
In terms of revenue, titanium is projected to expand at a CAGR of 6.3% from 2025 to 2030, on account of its ability to withstand high temperatures and high corrosion resistance.
The military aircraft segment is expected to grow 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 to witness considerable growth on the account of increasing passenger traffic across various countries.

Product Code: GVR-4-68038-698-1

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

Product Code: GVR-4-68038-698-1

List of Tables

Table 1. List of Secondary Sources
Table 2. List of Abbreviations
Table 3. Global Aerospace Forging Market, by Material, 2018 - 2030 (USD Billion) (Kilotons)
Table 4. Global Aerospace Forging Market, by Aircraft, 2018 - 2030 (USD Billion) (Kilotons)
Table 5. Global Aerospace Forging Market, by Region, 2018 - 2030 (USD Billion) (Kilotons)
Table 6. North America Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
Table 7. North America Aerospace Forging Market Estimates and Forecasts, by Material, 2018 - 2030 (USD Billion) (Kilotons)
Table 8. North America Aerospace Forging Market Estimates and Forecasts, by Aircraft, 2018 - 2030 (USD Billion) (Kilotons)
Table 9. U.S. Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
Table 10. U.S. Aerospace Forging Market Estimates and Forecasts, by Material, 2018 - 2030 (USD Billion) (Kilotons)
Table 11. U.S. Aerospace Forging Market Estimates and Forecasts, by Aircraft, 2018 - 2030 (USD Billion) (Kilotons)
Table 12. Canada Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
Table 13. Canada Aerospace Forging Market Estimates and Forecasts, by Material, 2018 - 2030 (USD Billion) (Kilotons)
Table 14. Canada Aerospace Forging Market Estimates and Forecasts, by Aircraft, 2018 - 2030 (USD Billion) (Kilotons)
Table 15. Europe Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
Table 16. Europe Aerospace Forging Market Estimates and Forecasts, by Material, 2018 - 2030 (USD Billion) (Kilotons)
Table 17. Europe Aerospace Forging Market Estimates and Forecasts, by Aircraft, 2018 - 2030 (USD Billion) (Kilotons)
Table 18. Germany Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
Table 19. Germany Aerospace Forging Market Estimates and Forecasts, by Material, 2018 - 2030 (USD Billion) (Kilotons)
Table 20. Germany Aerospace Forging Market Estimates and Forecasts, by Aircraft, 2018 - 2030 (USD Billion) (Kilotons)
Table 21. UK Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
Table 22. UK Aerospace Forging Market Estimates and Forecasts, by Material, 2018 - 2030 (USD Billion) (Kilotons)
Table 23. UK Aerospace Forging Market Estimates and Forecasts, by Aircraft, 2018 - 2030 (USD Billion) (Kilotons)
Table 24. France Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
Table 25. France Aerospace Forging Market Estimates and Forecasts, by Material, 2018 - 2030 (USD Billion) (Kilotons)
Table 26. France Aerospace Forging Market Estimates and Forecasts, by Aircraft, 2018 - 2030 (USD Billion) (Kilotons)
Table 27. Italy Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
Table 28. Italy Aerospace Forging Market Estimates and Forecasts, by Material, 2018 - 2030 (USD Billion) (Kilotons)
Table 29. Italy Aerospace Forging Market Estimates and Forecasts, by Aircraft, 2018 - 2030 (USD Billion) (Kilotons)
Table 30. Asia Pacific Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
Table 31. Asia Pacific Aerospace Forging Market Estimates and Forecasts, by Material, 2018 - 2030 (USD Billion) (Kilotons)
Table 32. Asia Pacific Aerospace Forging Market Estimates and Forecasts, by Aircraft, 2018 - 2030 (USD Billion) (Kilotons)
Table 33. India Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
Table 34. India Aerospace Forging Market Estimates and Forecasts, by Material, 2018 - 2030 (USD Billion) (Kilotons)
Table 35. India Aerospace Forging Market Estimates and Forecasts, by Aircraft, 2018 - 2030 (USD Billion) (Kilotons)
Table 36. China Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
Table 37. China Aerospace Forging Market Estimates and Forecasts, by Material, 2018 - 2030 (USD Billion) (Kilotons)
Table 38. China Aerospace Forging Market Estimates and Forecasts, by Aircraft, 2018 - 2030 (USD Billion) (Kilotons)
Table 39. Japan Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
Table 40. Japan Aerospace Forging Market Estimates and Forecasts, by Material, 2018 - 2030 (USD Billion) (Kilotons)
Table 41. Japan Aerospace Forging Market Estimates and Forecasts, by Aircraft, 2018 - 2030 (USD Billion) (Kilotons)
Table 42. Latin America Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
Table 43. Latin America Aerospace Forging Market Estimates and Forecasts, by Material, 2018 - 2030 (USD Billion) (Kilotons)
Table 44. Latin America Aerospace Forging Market Estimates and Forecasts, by Aircraft, 2018 - 2030 (USD Billion) (Kilotons)
Table 45. Brazil Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
Table 46. Brazil Aerospace Forging Market Estimates and Forecasts, by Material, 2018 - 2030 (USD Billion) (Kilotons)
Table 47. Brazil Aerospace Forging Market Estimates and Forecasts, by Aircraft, 2018 - 2030 (USD Billion) (Kilotons)
Table 48. MEA Aerospace Forging Market Estimates and Forecasts, 2018 - 2030 (USD Billion) (Kilotons)
Table 49. MEA Aerospace Forging Market Estimates and Forecasts, by Material, 2018 - 2030 (USD Billion) (Kilotons)
Table 50. MEA Aerospace Forging Market Estimates and Forecasts, by Aircraft, 2018 - 2030 (USD Billion) (Kilotons)

List of Figures

Fig. 1 Aerospace Forging Market Segmentation
Fig. 2 Market Research Process
Fig. 3 Data Triangulation Techniques
Fig. 4 Primary Research Pattern
Fig. 5 Market Research Approaches
Fig. 6 Value Chain-Based Sizing & Forecasting
Fig. 7 Market Formulation & Validation
Fig. 8 Market Snapshot
Fig. 9 Segment Outlook (USD Billion)
Fig. 10 Competitive Landscape
Fig. 11 Aerospace Forging Market Dynamics
Fig. 12 Aerospace Forging Market: Porter's Five Forces Analysis
Fig. 13 Aerospace Forging Market: PESTLE Analysis
Fig. 14 Aerospace Forging Market: Material Segment Dashboard
Fig. 15 Aerospace Forging Market: Material Market Share Analysis, 2024 & 2030
Fig. 16 Aluminum Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 17 Steel Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 18 Titanium Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 19 Others Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 20 Aerospace Forging Market: Aircraft Segment Dashboard
Fig. 21 Aerospace Forging Market: Aircraft Market Share Analysis, 2024 & 2030
Fig. 22 Commercial Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 23 Military Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 24 Others Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 25 Regional Marketplace: Key takeaways
Fig. 26 North America Aerospace Forging Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 27 U.S. Country Dynamics
Fig. 28 U.S. Aerospace Forging Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 29 Canada Country Dynamics
Fig. 30 Canada Aerospace Forging Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 31 Europe Aerospace Forging Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 32 UK Country Dynamics
Fig. 33 UK Aerospace Forging Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 34 Germany Country Dynamics
Fig. 35 Germany Aerospace Forging Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 36 France Country Dynamics
Fig. 37 France Aerospace Forging Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 38 Italy Country Dynamics
Fig. 39 Italy Aerospace Forging Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 40 Asia Pacific Aerospace Forging Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 41 Japan Country Dynamics
Fig. 42 Japan Aerospace Forging Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 43 China Country Dynamics
Fig. 44 China Aerospace Forging Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 45 India Country Dynamics
Fig. 46 India Aerospace Forging Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 47 Latin America Aerospace Forging Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 48 Brazil Country Dynamics
Fig. 49 Brazil Aerospace Forging Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 50 MEA Aerospace Forging Market, 2018 - 2030 (USD Billion) (Kilotons)
Fig. 51 Company Categorization
Fig. 52 Company Market Position Analysis
Fig. 53 Strategic Framework