Aircraft Open Die Forging Market Report

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in Aircraft Open Die Forging Market

• The annual demand for aircraft open die forging was USD 5.6 billion in 2024 and is expected to reach USD 5.9 billion in 2025, up 9.6% than the value in 2024.
• During the forecast period (2025 to 2032), the aircraft open die forging market is expected to grow at a CAGR of 3.6%. The annual demand will reach of USD 7.6 billion in 2032.
• During 2025-2032, the aircraft open die forging industry is expected to generate a cumulative sales opportunity of USD 56.9 billion.

High-Growth Market Segments:

• Asia-Pacific is expected to grow at the fastest rate during the forecast period. 
• By Aircraft type, Commercial Aircraft is anticipated to remain the biggest demand generator for the engine casting market in the years to come.
• By Application type, Engine is projected to dominate the market and is expected to grow at the fastest pace.
• By Component type, Small Components are projected to hold the major share and are anticipated to grow at a faster pace.
• By Material type, Nickel is expected to maintain its dominance, whereas Titanium is expected to be the fastest-growing material type during the forecast period.
• By End-Use type, OE is the most dominant end-user type and is expected to lead the market during the forecasted period.

Market Statistics

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

Segment Analysis

Aircraft Trends

"Commercial aircraft segment accounted for the largest market share."

• We have segmented our market into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation. Commercial aircraft is expected to be the dominant as well as the fastest-growing aircraft type in the market during the forecast period, propelled by factors such as increasing passenger traffic, the emergence of low-cost carriers, and the need for more efficient aircraft for domestic and international travel.
• One of the major factors propelling the growth of this segment is the increased focus of aircraft manufacturers on the production of narrow-body and wide-body aircraft. The military aircraft segment is also expected to show significant growth in the coming years, owing to increased military spending of countries to buy new and advanced aircraft.

Application Trends

"Engine segment accounted for the largest market share."

• The aircraft open-die forging market is segmented into airframe and engine. Engine is expected to be the dominant application category for open/ring-die forging in the aerospace industry during the forecast period. It is also anticipated to be the fastest-growing segment of the market. With the global aviation industry's focus on reducing fuel consumption and emissions, there is a continuous drive for more efficient engines that can deliver better performance and meet stringent environmental regulations.
• In addition to that, the use of forged parts in aircraft engines offers advantages like superior strength, durability, enhanced performance, improved safety, design flexibility, material integrity, and cost efficiency.

Material Trends

"Nickel segment accounted for the largest market share."

• The market is segmented into nickel, titanium, stainless steel, aluminum, and others. Nickel is expected to maintain its dominance, whereas titanium is expected to be the fastest-growing material type during the forecast period. Titanium alloys have a high specific strength, so they are frequently used for the manufacture of various components in engines and airframes.
• Due to various advantages offered by titanium, such as lower weight, heat resistance, and corrosion resistance, its usage has now increased nearly two times in new variants of aircraft as compared to traditional ones. For instance, in B787, titanium alloys now account for ~15% of total structural components.

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End-User Trends

"OE segment accounted for the largest market share."

• The market is segmented into OE and aftermarket. Increasing production rates of key aircraft programs like the B737 and A320 families, along with the entry of new players like COMAC, are expected to make OE the dominant segment over the course of the projected period. Due to the expanding fleet of commercial aircraft and the rising need for advanced lightweight components, obsolete components are being replaced with advanced lightweight ones, which will drive the demand at the aftermarket level.

Regional Insights

"North America accounted for the largest market share."

• North America is likely to remain the most dominant region, whereas Asia-Pacific is expected to be the fastest-growing region in the long-term scenario. The growth of Asia-Pacific can be attributed to factors such as increasing air travel demand, a rising middle-class population, expanding economies, growing tourism and business opportunities, and the opening of assembly plants of major OEMs in the region. Countries such as China, India, Indonesia, and Vietnam are the growth engines of the region. These countries are witnessing a surge in air travel demand, leading to increased aircraft production paired with an increased demand for open/ring-die forged components.

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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 open die forging market -  

• Precision Castparts Corp.
• Forgital Group
• 9ATI Inc.
• Doncasters Group
• Voestalpine BÖHLER Aerospace GmbH & Co KG
• Aubert & Duval SAS
• Otto Fuchs KG
• Howmet Aerospace

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

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Recent Developments/Mergers & Acquisitions:

• In 2019, Carlyle Group, a global private equity firm, acquired Forgital Group S.p.A., a producer of large forged and machined components for the aerospace and other industries.
• In 2022, Continental Forge was acquired by Forged Solutions Group, a key supplier of intricate, precision-forged rings and closed-die products to aerospace & defense customers.

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 open die forging market is segmented into the following categories:

Aircraft Open Die Forging Market, by Aircraft Type

• Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Open Die Forging Market, by Engine Type

• Turbofan (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Turboprop (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Other Engines (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Open Die Forging Market, by Application Type

• Fans (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Compressor (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Combustion (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Turbine (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Other Applications (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Open Die Forging Market, by Part Type

• Airfoils (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Engine Structures (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Open Die Forging Market, by Process Type

• Investment Casting (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Die & Other Casting (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Open Die Forging Market, by Material Type

• Nickel Parts (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Titanium Parts (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Stainless Steel Parts (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Other Material-based Parts (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Open Die Forging Market, by End-User Type

• OE Sales (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Aftermarket Sales (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aircraft Open Die Forging Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft open-die forging 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 as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate 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 Options

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

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]