Aerospace Cold Forgings Market Global Report 2026

The aerospace cold forgings market size has grown rapidly in recent years. It will grow from $4.09 billion in 2025 to $4.52 billion in 2026 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to increasing commercial aircraft production, growing demand for lightweight aerospace components, rising defense aircraft procurement, expansion of global air passenger traffic, increasing use of high-strength metal alloys.

The aerospace cold forgings market size is expected to see rapid growth in the next few years. It will grow to $6.62 billion in 2030 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to growing next-generation aircraft development, rising space exploration programs, increasing aircraft fleet modernization, expanding demand for fuel-efficient aircraft, growing investments in aerospace manufacturing capacity. Major trends in the forecast period include increasing adoption of high-strength lightweight forgings, growing demand for precision cold forged aerospace components, rising utilization of titanium cold forgings, expansion of near-net shape forging processes, increasing production of fatigue-resistant aerospace parts.

The increasing production of commercial aircraft is expected to propel the growth of the aerospace cold forgings market going forward. Commercial aircraft are fixed-wing airplanes designed, certified, and operated primarily for carrying passengers or cargo for commercial purposes by airlines and other civil aviation operators. The increase in commercial aircraft production is driven by the growth in global air passenger traffic, which is encouraging airlines to expand their fleets and introduce additional aircraft to meet rising travel demand. Aerospace cold forgings support commercial aircraft production by enabling the manufacturing of high-strength, lightweight, and precision-engineered components that enhance aircraft performance, durability, and fuel efficiency while facilitating large-scale and cost-efficient production. For instance, in January 2024, according to Airbus SE, a Netherlands-based aerospace and defense corporation, 735 commercial aircraft were delivered in 2023, representing an 11% increase compared with 2022. Therefore, the growing production of commercial aircraft is driving the growth of the aerospace cold forgings market.

The rising air passenger traffic is expected to propel the growth of the aerospace cold forgings market going forward. Air passenger traffic refers to the total number of passengers carried by airlines through domestic and international air services during a specific period and serves as a key measure of air travel demand. Air passenger traffic is increasing due to rising disposable incomes, enabling more individuals to afford air travel for business and leisure purposes. Increasing air passenger traffic is boosting demand for new aircraft manufacturing and fleet expansion, thereby driving the need for high-strength, lightweight aerospace cold forgings used in critical aircraft components. For instance, in October 2024, according to the Department of Transportation, a US-based government department, 647,205 flights were operated in August 2024, representing a 2.61% increase from the 630,761 flights recorded in August 2023. Therefore, the rising air passenger traffic is driving the growth of the aerospace cold forgings market.

In March 2026, J. F. Lehman And Company, a US-based private equity investment firm, acquired Forged Solutions Group for an undisclosed amount. Through this acquisition, J. F. Lehman And Company intends to strengthen its aerospace and defense manufacturing portfolio while expanding its presence in high-precision engineered components used in mission-critical aviation and defense applications. Forged Solutions Group is a UK-based company that manufactures aerospace cold-forged components.

Major companies operating in the aerospace cold forgings market report are IHI Corporation, Precision Castparts Corp., Thyssenkrupp AG, Howmet Aerospace Inc., Alcoa Corporation, ATI Inc., Aichi Steel Corporation, Safran Landing Systems, LISI S.A., VSMPO-AVISMA Corporation, Otto Fuchs KG, Bharat Forge Limited, AVIC Heavy Machinery Co. Ltd., Ellwood Group Inc., Magellan Aerospace Corporation, Doncasters Group Ltd., Forged Solutions Group, Farinia Group, Scot Forge Company, Wuxi Paike Special Steel Co. Ltd., Anchor-Harvey Components LLC, Trenton Forging Company, Queen City Forging Company, Kaiser Aluminum Corporation.

North America was the dominant region in the aerospace cold forgings market in 2025. Asia-Pacific is expected to be the rapidly growing region in the forecast period. The regions covered in the aerospace cold forgings market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

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