Aircraft Casting Market Analysis | 2025-2032

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in Aircraft Casting Market

• The annual demand for aircraft casting was USD 10.4 billion in 2024 and is expected to reach USD 11.2 billion in 2025, up 10.1% than the value in 2024.
• During the forecast period (2025 to 2032), the aircraft casting market is expected to grow at a CAGR of 3.7%. The annual demand will reach of USD 14.5 billion in 2032.
• During 2025-2032, the aircraft casting industry is expected to generate a cumulative sales opportunity of USD 107.17 billion.

High-Growth Market Segments:

• North America is projected to retain its supremacy during the forecast period, whereas Asia-Pacific is expected to experience the fastest growth. 
• By Aircraft type, Commercial Aircraft is anticipated to remain the biggest demand generator for cast parts in the coming years.
• By Application type, Engine is expected to remain the dominant as well as the fastest-growing application during the forecasted period.
• By Process type, Investment Casting is anticipated to be the leading process type in the coming years.
• By Material type, Nickel is expected to hold a major part of the share, whereas Titanium is expected to be the fastest-growing material type during the forecasted period.
• By End-Use type, OE holds the largest share, whereas the Aftermarket is expected to be the fastest-growing segment over the upcoming years.

Market Statistics

Have a look at the sales opportunities presented by the aircraft casting market in terms of growth and market forecast.

Market Dynamics

Introduction:

In the aircraft industry, casting is the process of creating complex shapes by pouring liquid metals into a mold and allowing it to solidify. Castings can be made from various metals and alloys, including aluminum, titanium, stainless steel, etc. Casting is a crucial process in aircraft manufacturing as it allows for the creation of parts with intricate shapes and details that would be difficult or impossible to achieve through other manufacturing methods.

Overall, casting plays a vital role in the aircraft industry, allowing for the creation of high-strength, complex parts that are critical to the safe and efficient operation of aircraft.

Segment Analysis

By Aircraft Type

“Commercial aircraft dominate the market during the forecast period.”

• The aircraft casting market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation. Commercial aircraft is projected to hold the biggest portion of the overall aircraft casting market in the coming five years. The demand for new commercial aircraft in the wake of rebounding air passenger traffic will be the key driving force of the market demand.
• Airbus forecasts the demand for new 39,490 passenger and freighter aircraft and air passenger traffic to increase by 3.6% annually over the next two decades. Similarly, Boeing anticipates that about 41,170 commercial and regional aircraft are likely to be delivered in the next 20 years.

By Application Type

“Engine dominates the market during the forecast period.”

• The market is segmented into engine and airframe. The engine is expected to remain dominant as well as the fastest-growing application type in the market during the forecast period. To achieve net zero by 2050, manufacturers are trying to make engines more efficient, have less fuel usage, be lightweight, and reduce noise and emission levels. Also, manufacturers are investing in electric and hybrid propulsion technology as an alternative to fuel-based systems. The requirement for precision parts in the engine and its sub-systems.
• An expected increase in the production of Boeing 737 Max, Airbus A320 neo, and the upcoming COMAC C919 is likely to drive the production of the world's most demanded Leap engine.

By Process Type

“Investment casting dominates the market during the forecast period.”

• The market is segmented into investment casting and die & other castings. Investment casting is expected to remain the dominant as well as the fastest-growing process type in the coming years. 
• Investment casting offers various advantages over other methods, such as increased design flexibility, high tolerances, intricate product detail, reduced machining cost, and design freedom. Investment castings are used to produce a large variety of components such as engine rings, impellers, blades, bearing cages, hydraulic fluid system components, exterior and interior components, motion control and actuation system components, and landing and braking parts.

By Material Type

“Nickel dominates the market during the forecast period.”

• The market is segmented into nickel, titanium, stainless steel, aluminum, and others. Nickel is expected to remain the dominant material type in the market during the forecast period. Nickel-based alloys are widely used in the aerospace and defense industries due to their exceptional corrosion resistance, heat resistance, stress corrosion resistance, and weldability. 
• Titanium is expected to be the fastest-growing material type in the market during the forecast period. Titanium is gaining popularity because it is just slightly heavier than aluminum but provides more strength than aluminum, it is also suitable for airframe components as it doesn't strain or disintegrate. The Russo-Ukrainian War led to several changes in the market dynamics of the aerospace industry.

By End Use Type

“OE dominates the market during the forecast period.”

• The market is segmented into OE and aftermarket. OE is expected to remain dominant, whereas the aftermarket is expected to be the fastest-growing end-user type in the market during the forecast period. 
• Increasing production rates of important programs like the B737 Max, B787, B777X, A350, and A320 family, as well as the entry of new players like COMAC, are expected to fuel the OE segment. Boeing, in its latest outlook, anticipates that the global commercial and regional aircraft fleet is likely to reach 47,080 units by 2041, an increase of 21,180 units from the 2019 level. This will create a sizable demand for cast parts at the aftermarket level in the coming years.

Regional Analysis

“North America is expected to remain the largest market during the forecast period.” 

• North America is the pioneer in the aerospace industry. Almost all the innovations have been led by the region over the decades. This makes the region the most preferred manufacturing destination for aerospace components as well as systems. This is quite visible in the case of casting for aerospace parts, too. All the leading investment, as well as diecasting companies, have an excellent manufacturing base in the region. Also, all the leading OEMs have their presence in the region.
• Asia Pacific has been the hotbed of the aerospace and defense industries. increasing air passenger traffic, growing disposable income, increasing population, and increasing middle-class income people have been creating a greater demand for new aircraft, which, in turn, is driving tear players as well as OEMs to open their manufacturing base in the region. in the past decade, almost all the leading players have either set up their manufacturing base or formed any kind of strategic alliance with the local companies to mark their presence in the growing Asian market. at the same time, major Asian economies have been keen to develop commercial, regional, and military aircraft indigenously.

Competitive Landscape

Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the aircraft casting market -  

The following are the key players in the aircraft casting market (arranged alphabetically).

• Chromalloy Gas Turbine LLC
• Consolidated Precision Products
• Doncasters Group
• Hitchiner Manufacturing
• Howmet Aerospace
• Hyatt Die Cast
• Impro Precision Industries Limited
• MetalTek
• Precision Castparts Corp.
• Zollern GmbH & Co. KG

Note: The above list does not necessarily include all the top players in the market.

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Recent Developments/Mergers & Acquisitions:

• In July 2022, Doncasters, a global company specializing in the production of superalloy cast parts, acquired Uni-Pol, a leading manufacturer of high-precision alloy engineering components. The acquisition places Doncasters amongst the leading manufacturers of high-precision alloy components.

• In September 2022, Chromalloy's parent company, Sequa Corporation, was acquired by Veritas Capital, a leading technology and government investment firm.

• In 2022, Doncasters started doubling their capacity in the USA’s Connecticut plant and even more than double in the shell lines at their UK Droitwich site due to higher orders from commercial airlines post-pandemic than expected.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 15 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The aircraft casting market is segmented into the following categories:

Aircraft Casting Market Size, Share & Forecast, By Aircraft Type:

• Commercial Aircraft
• Regional Aircraft
• General Aviation
• Helicopter
• Military Aircraft

Aircraft Casting Market Size, Share & Forecast, By Application Type:

• Engine
• Airframe

Aircraft Casting Market Size, Share & Forecast, By Material Type:

• Nickel
• Titanium
• Stainless Steel
• Aluminum
• Others

Aircraft Casting Market Size, Share & Forecast, By End-Use Type:

• OEM
• Aftermarket

Aircraft Casting Market Size, Share & Forecast, By Process Type:

• Investment Casting
• Die & Other Casting

Aircraft Casting Market Size, Share & Forecast, By Region:

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, The UK, France, Italy, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of the Asia-pacific)
• Rest of the World (Sub-Region Analysis: Latin America, The Middle East, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Aircraft Casting market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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