Aircraft Engine Forging Market Size, Trends, and Forecast to 2031

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

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Aircraft Engine Forging Market Drivers and Opportunities

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 Regional Insights

The regional trends and factors influencing the Aircraft Engine Forging Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Aircraft Engine Forging Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Aircraft Engine Forging Market Report Scope

Aircraft Engine Forging Market Players Density: Understanding Its Impact on Business Dynamics

The Aircraft Engine Forging Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

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

1. All Metals & Forge Group
2. OTTO FUCHS KG
3. Pacific Forge Incorporated
4. Precision Castparts Corp.
5. Safran SA
6. VSMPO-AVISMA Corp
7. Farinia Group
8. Doncasters Group
9. LISI GROUP
10. Allegheny Technologies Inc

Disclaimer The companies listed above are not ranked in any particular order.

Other companies analyzed during the course of research

1. Mettis Aerospace Limited.
2. FRISA
3. ELLWOOD Texas Forge Houston
4. Wuxi Paike New Materials Technology Co., Ltd.
5. SIFCO Forge
6. SQuAD Forging India
7. Canton Forge
8. Carlton Forge Works
9. Weldaloy Specialty Forging Company
10. MATTCO FORGE INC.
11. Arconic Corporation
12. Consolidated Industries, Inc.
13. Forgital Group
14. Bharat Forge
15. Voestalpine Bohler Aerospace GmbH & Co KG
16. 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