Aerospace Forging Market Report 2026

The aerospace forging market size has grown strongly in recent years. It will grow from $36.03 billion in 2025 to $38.82 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to growing adoption of high-precision forged components for critical aerospace structures, early use of impression die and open die forging to achieve required mechanical strength, rising demand for forged parts to support expanding commercial and defense aircraft fleets, development of seamless rolled ring forging for high-performance engine applications, increasing reliance on forged components to meet stringent aerospace safety and durability standards.

The aerospace forging market size is expected to see strong growth in the next few years. It will grow to $52.78 billion in 2030 at a compound annual growth rate (CAGR) of 8%. The growth in the forecast period can be attributed to growing need for lightweight yet high-strength forged components to enhance aircraft efficiency, increasing adoption of advanced forging technologies to improve dimensional accuracy and reduce material waste, expansion of aircraft production and modernization programs driving demand for forged parts, rising use of high-temperature alloys requiring specialized forging processes, technological advancements enabling automation and digitalization in aerospace forging operations. Major trends in the forecast period include advanced forging techniques adoption, lightweight aerospace components demand, high-precision component requirements, integration of additive manufacturing with forging, enhanced quality control and testing standards.

The increase in aircraft production is expected to drive the growth of the aircraft forging market in the coming years. Aircraft production involves the manufacturing of airplanes and components such as propulsion systems, avionics, and other related equipment. Forged components offer greater strength and durability compared to those made using bar stock or casting, making them well-suited for various aerospace applications. For example, in January 2024, Aircraft Interiors International, a UK-based media company, reported that aircraft orders surged by 91% in 2023 compared to 2022, with single-aisle aircraft orders rising by 78% and widebody aircraft orders increasing by 169%. New aircraft deliveries reached 1,265 in 2023, representing an 11% increase over the previous year. Therefore, the rise in aircraft production is boosting the aircraft forging market.

Leading companies in the aircraft forging market are forming strategic partnerships to leverage each other’s expertise, resources, and capabilities to meet the growing demands of the aerospace industry. Such collaborations facilitate the development of new technologies and alloys to satisfy the industry’s need for lighter, stronger, and more heat-resistant materials and forged components. For instance, in April 2023, Jiuli, a China-based steel company, granted SMS group the final acceptance certificate (FAC) for a hydraulic radial forging line. The SMX 900/18 MN hydraulic radial forging machine features a press force of 18 MN per each of the four press cylinders, enabling it to forge complex aerospace components. The hydraulic drive allows flexible selection of all critical forging parameters, while the maximum forging force can be applied throughout the forging stroke. Additionally, the horizontal forging machine SMI is an automatically controlled, hydraulically driven 2-ram forging machine equipped with integrated manipulators and centering devices for fully automated operation.

In June 2025, Pursuit Aerospace Inc., a US-based manufacturer, acquired Larson Forgings, Inc. for an undisclosed sum. Through this acquisition, Pursuit Aerospace aims to expand its forging capabilities, particularly in seamless rolled rings, strengthen its position in the aerospace and defense sectors, and enhance its ability to offer a wider range of high-quality, precision-engineered components and services to a global customer base. Larson Forgings Inc., based in the US, specializes in providing aerospace forging solutions.

Major companies operating in the aerospace forging market are Arconic Corporation, Bharat Forge Limited, Scot Forge Company, Larsen & Toubro Ltd., Jiangyin Hengrun Heavy Industries Co. Ltd., Consolidated Industries Inc., Somers Forge Ltd, Pacific Forge Inc, Precision Castparts Corporation, Ellwood Group Inc, All Metals & Forge Group LLc, Farinia Group, Victoria Drop Forgings Ltd., Mettis Aerospace Limited, Berkshire Hathaway Inc., Eramet Group, Avic Heavy Machinery Co. Ltd., Fountaintown Forge Inc., GKN Aerospace service Limited, Sheffield Forgemasters International Ltd., Weber Metals Inc., SIFCO Industries Inc., Doncasters Group Ltd., Howmet Aerospace Inc., PCC Forged Products, Alcoa Corporation, Carpenter Technology Corporation, Forged Solutions Group, Honsel Umformtechnik GmbH, LISI Aerospace SAS, Safran Forge America Inc.

North America was the largest region in the aerospace forging market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global aerospace forging market report during the forecast period. The regions covered in the aerospace forging market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have influenced the aerospace forging market by increasing the cost of imported raw materials such as aluminum, titanium, and specialty alloys, affecting the pricing and production timelines for manufacturers. Military and commercial aircraft components, particularly in North America and Europe, have been most impacted due to dependence on global suppliers. Some positive impacts include incentivizing local production and fostering domestic forging capabilities, thereby reducing long-term supply chain risks.

The aerospace forging market research report is one of a series of new reports that provides aerospace forging market statistics, including the aerospace forging industry global market size, regional shares, competitors with aerospace forging market share, detailed aerospace forging market segments, market trends, and opportunities, and any further data you may need to thrive in the aerospace forging industry. This aerospace forging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Aerospace forging is a manufacturing process involving the shaping and forming of parts crucial to aircraft operation, utilizing high pressure and temperature. This method ensures the creation of parts with enhanced precision and superior quality compared to standard mechanical products.

The materials commonly used in aerospace forging encompass aluminum, steel, titanium, and other alloys. Aluminum, a lightweight silvery-white metal, is one of the materials employed in this process. Aerospace forging finds applications across various types of aircraft, including commercial, military, and others. These components are utilized in critical aircraft parts such as rotors, turbine discs, shafts, fan cases, among others.

The countries covered in the aerospace forging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The aerospace forging market includes revenues earned by entities by providing impression die forging (closed die), cold forging, open die forging, and seamless rolled ring forging services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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