Aerospace Forging Market Insights
Global Aerospace Forging Materials Market Size - By Material Type, Forging Technique and By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2035
| Published: May-2026 | Report ID: CHEM2625 | Pages: 1 - 250 | Formats*: |
| Category : Chemical & Materials | |||
According to SPER Market Research, the Global Aerospace Forging Materials Market is estimated to reach USD 24.42 billion by 2035 with a CAGR 6.05%.
Introduction and Overview
The report includes an in-depth analysis of the Global Aerospace Forging Materials Market, including market size and trends, product mix, Applications, and supplier analysis.
The global aerospace forging materials market encompasses specialized alloys vital for manufacturing high-strength components that endure extreme operational stresses in aircraft. In 2025, the market was valued at USD 13.57 billion and is forecasted to grow at a CAGR of 6.05%, achieving USD 24.42 billion by 2035. These materials, primarily lightweight options like titanium and Aluminum, are forged into critical parts for engines, airframes, and landing gear to optimize aircraft performance. This expansion reflects broader trends in aviation toward enhanced efficiency and advanced manufacturing techniques.
By Material Type:
The market, categorized by material type, includes titanium, aluminum, steel, nickel-based, magnesium, and other alloys, and is experiencing strong long-term growth. Titanium alloys remain a leading choice due to their high strength-to-weight ratio, corrosion resistance, and suitability for demanding aircraft structures and engines. This reflects a broader industry shift toward lightweight, durable materials in both commercial and defense aviation. The global airline industry’s recovery after the pandemic has significantly boosted demand for forging materials. Aluminum alloys are widely preferred for their cost efficiency and formability, while steel alloys are used in high-load components like landing gear because of their strength and fatigue resistance.
By Application:
Based on application, the aerospace forging materials market is divided into engine parts, airframe structures, landing gear, transmission and rotor systems, control surfaces, and others, with airframe components holding the largest share. Their prominence comes from the extensive use of forged materials in key structural elements such as fuselage frames, spars, and bulkheads. Engine components also represent a crucial segment, as they require forged parts capable of handling extreme stress and temperature, including turbine disks, shafts, and compressor blades. Landing gear components demand high impact resistance and durability, making steel and titanium alloys essential.
Regional Insights:
The U.S. holds a notable share of the global aerospace forging materials market and is expected to witness steady growth over the coming years. Its aerospace sector plays a vital role in economic stability and national strength, supported by extensive activities in aircraft manufacturing and commercial aviation. Meanwhile, Asia Pacific is emerging as a key region, driven by rapid air travel growth, rising defense spending, and domestic aircraft programs in countries like China and India, with increasing aircraft deliveries further boosting demand for forging materials.
Market Competitive Landscape:
The Global Aerospace Forging Materials Market is highly consolidated Some of the market key players are Alcoa, Allegheny Technologies Incorporated (ATI), Arconic Corporation, Barry A. Dorfman & Co., Bergsen Metals, Bharat Forge Limited, Forgital Group, KOBE STEEL, LTD., Nippon Steel Corporation, Plymouth Tube Company, Precision Castparts Corp., Reliance Steel & Aluminum Co., Rickard Specialty, Metals Supply & Engineering, VSMPO-AVISMA Corporation, Weldaloy Specialty Forgings Company.
Recent Developments:
- In April 2025, aviation firms, carriers, and vendors scrutinized billions in deals to assess tariff risks amid a U.S. supplier's trade war cost dispute.
- IBEF noted in February 2025 India's booming aerospace industry, with giants like Airbus and Rolls-Royce ramping up local sourcing, boosting Bengaluru firms such as Hical Technologies—targeting Rs. 500 crore (USD 57.57 million) aerospace sales in three years.
Scope of the report:
| Report Metric | Details |
|---|---|
| Market size available for years | 2022-2035 |
| Base year considered | 2025 |
| Forecast period | 2026-2035 |
| Segments covered | By Material Type, Forging Technique, By Application |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Alcoa, Allegheny Technologies Incorporated (ATI), Arconic Corporation, Barry A. Dorfman & Co., Bergsen Metals, Bharat Forge Limited, Forgital Group, KOBE STEEL, LTD., Nippon Steel Corporation, Plymouth Tube Company, Precision Castparts Corp., Reliance Steel & Aluminum Co., Rickard Specialty, Metals Supply & Engineering, VSMPO-AVISMA Corporation, Weldaloy Specialty Forgings Company |
Key Topics Covered in the Report
- Global Aerospace Forging Materials Market Size (FY’2022-FY’2035)
- Overview of Global Aerospace Forging Materials Market
- Segmentation of Global Aerospace Forging Materials Market by Material Type (Titanium alloys, Aluminum alloys, Steel alloys, Nickel-based alloys, Magnesium alloys, Others)
- Segmentation of Global Aerospace Forging Materials Market by Forging Technique (Closed die forging, Open die forging, Roll forging, Precision forging, Others)
- Segmentation of Global Aerospace Forging Materials Market by Application (Engine components, Airframe components, Landing gear components, Transmission and rotor components, Control surfaces, Other)
- Statistical Snap of Global Aerospace Forging Materials Market
- Expansion Analysis of Global Aerospace Forging Materials Market
- Problems and Obstacles in Global Aerospace Forging Materials Market
- Competitive Landscape in the Global Aerospace Forging Materials Market
- Details on Current Investment in Global Aerospace Forging Materials Market
- Competitive Analysis of Global Aerospace Forging Materials Market
- Prominent Players in the Global Aerospace Forging Materials Market
- SWOT Analysis of Global Aerospace Forging Materials Market
- Global Aerospace Forging Materials Market Future Outlook and Projections (FY’2026-FY’2035)
- Recommendations from Analyst
1. Introduction
1.1 Scope of the report1.2 Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary Data2.1.2 Primary Data2.1.3 SPER’s internal Database2.1.4 Primary insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1 Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
5. Market variable and outlook
5.1 SWOT Analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2 PESTEL Analysis
5.2.1 Political Landscape5.2.2 Economic Landscape5.2.3 Social Landscape5.2.4 Technological Landscape5.2.5 Environmental Landscape5.2.6 Legal Landscape
5.3 PORTER’s Five Forces5.4 Heat Map Analysis
6. Competitive Landscape
6.1. Global Aerospace Forging Materials Market Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Aerospace Forging Materials Market
7. Global Aerospace Forging Materials Market, By Material Type, (USD Million) 2022-2035
7.1 Titanium alloys7.2 Aluminum alloys7.3 Steel alloys7.4 Nickel-based alloys7.5 Magnesium alloys7.6 Others
8. Global Aerospace Forging Materials Market, By Forging Technique, (USD Million) 2022-2035
8.1 Closed die forging8.2 Open die forging8.3 Roll forging8.4 Precision forging8.5 Others
9. Global Aerospace Forging Materials Market, By Application, (USD Million) 2022-2035
9.1 Engine components9.2 Airframe components9.3 Landing gear components9.4 Transmission and rotor components9.5 Control surfaces9.6 Others
10. Global Aerospace Forging Materials Market, (USD Million) 2022-2035
10.1 Global Aerospace Forging Materials Market Size and Market Share
11. Global Aerospace Forging Materials Market, By Region, 2022-2035 (USD Million)
11.1 Asia-Pacific
11.1.1 Australia11.1.2 China11.1.3 India11.1.4 Japan11.1.5 South Korea11.1.6 Rest of Asia-Pacific
11.2 Europe
11.2.1 France11.2.2 Germany11.2.3 Italy11.2.4 Spain11.2.5 United Kingdom11.2.6 Rest of Europe
11.3 Middle East and Africa
11.3.1 Kingdom of Saudi Arabia11.3.2 United Arab Emirates11.3.3 Qatar11.3.4 South Africa11.3.5 Egypt11.3.6 Morocco11.3.7 Nigeria11.3.8 Rest of Middle-East and Africa
11.4 North America
11.4.1 Canada11.4.2 Mexico11.4.3 United States
11.5 Latin America
11.5.1 Argentina11.5.2 Brazil11.5.3 Rest of America
12. Company Profile
12.1 Alcoa
12.1.1 Company details12.1.2 Financial outlook12.1.3 Product summary12.1.4 Recent developments
12.2 Allegheny technologies Incorporated (ATI)
12.2.1 Company details12.2.2 Financial outlook12.2.3 Product summary12.2.4 Recent developments
12.3 Arconic Corporation
12.3.1 Company details12.3.2 Financial outlook12.3.3 Product summary12.3.4 Recent developments
12.4 Barry A. Dorfman & Co.
12.4.1 Company details12.4.2 Financial outlook12.4.3 Product summary12.4.4 Recent developments
12.5 Bergsen Metals
12.5.1 Company details12.5.2 Financial outlook12.5.3 Product summary12.5.4 Recent developments
12.6 Bharat Forge Limited
12.6.1 Company details12.6.2 Financial outlook12.6.3 Product summary12.6.4 Recent developments
12.7 Forgital Group
12.7.1 Company details12.7.2 Financial outlook12.7.3 Product summary12.7.4 Recent developments
12.8 KOBE STEEL, LTD.
12.8.1 Company details12.8.2 Financial outlook12.8.3 Product summary12.8.4 Recent developments
12.9 Nippon Steel Corporation
12.9.1 Company details12.9.2 Financial outlook12.9.3 Product summary12.9.4 Recent developments
12.10 Plymouth Tube Company
12.10.1 Company details12.10.2 Financial outlook12.10.3 Product summary12.10.4 Recent developments
12.11 Precision Castparts Corp.
12.11.1 Company details12.11.2 Financial outlook12.11.3 Product summary12.11.4 Recent developments
12.12 Reliance Steel & Aluminium Co.
12.12.1 Company details12.12.2 Financial outlook12.12.3 Product summary12.12.4 Recent developments
12.13 Rickard Specialty Metals Supply & Engineering
12.13.1 Company details12.13.2 Financial outlook12.13.3 Product summary12.13.4 Recent developments
12.14 VSMPO-AVISMA Corporation
12.14.1 Company details12.14.2 Financial outlook12.14.3 Product summary12.14.4 Recent developments
12.15 Weldaloy Specialty Forgings Company
12.15.1 Company details12.15.2 Financial outlook12.15.3 Product summary12.15.4 Recent developments
12.16 Others
13. Conclusion
14. List Of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
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