Aircraft Closed Die Forging Market Report

Attractive Opportunities

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

• The annual demand for aircraft closed die forging was USD 18.0 billion in 2024 and is expected to reach USD 19.2 billion in 2025, up 9.8% than the value in 2024.
• During the forecast period (2025 to 2032), the aircraft closed die forging market is expected to grow at a CAGR of 3.6%. The annual demand will reach of USD 24.8 billion in 2032.
• During 2025-2032, the aircraft closed die forging industry is expected to generate a cumulative sales opportunity of USD 183.6 billion.

High-Growth Market Segments:

• North America is expected to remain the largest market over the upcoming years, whereas Asia-Pacific is expected to grow at the fastest rate during the same 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, Titanium is expected to be the fastest-growing material in the market over 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 closed die forging market in terms of growth and market forecast.

Competitive Landscape

By Aircraft Type

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

• Stratview Research has first segmented the aircraft closed-die forging market on the basis of aircraft type: commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation. Commercial aircraft are expected to dominate the aircraft closed-die forging market in the coming years. 
• The demand for these components is being driven by factors such as rebounding air passenger traffic, pushing an increase in the production rate of key aircraft programs, new market entrants like COMAC and Irkut, the introduction of new fuel-efficient variants of existing aircraft programs, and growing aircraft fleet sizes. Boeing and Airbus anticipate the deliveries of more than 40,000 aircraft in the next twenty years, supporting sustainable growth in the long term.

By Application Type

"The engine segment accounted for the largest market share."

• The aircraft closed-die forging market is segmented into airframe and engine. The engine is expected to lead the aircraft closed-die forging market during the forecast period. Engines for every aircraft type require a wide range of high-performance components that can withstand extreme operating conditions. Closed-die forging is commonly used in manufacturing engine components due to its ability to produce parts with high strength, excellent fatigue resistance, and dimensional accuracy.
• Engine components, such as turbine disks, compressor blades, shafts, and connecting rods, are produced through closed-die forging. Further, the key engine manufacturers are setting targets to increase their production of engines in the future, which will lead to a boost in the demand for closed-die forged products for engines.

By Material Type

"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 during the forecast period. The unique properties of nickel-based alloys and their ability to meet stringent performance standards make them essential to produce critical components. Nickel-based alloys are suitable for crucial parts in aviation engines and airframes because they have exceptional high-temperature strength, corrosion resistance, and mechanical qualities.

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Regional Analysis

"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. North America is home to several major OEMs and tier players, including Boeing, and numerous engine manufacturers such as General Electric and Pratt & Whitney. \
• These companies have a substantial demand for closed-die forged parts for a series of aircraft and engine applications. These industry leaders' presence contributes to North America's dominance in the market. Europe and Asia-Pacific have a high penetration of aircraft closed-die forging and offer sizeable market opportunities.

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Market Dynamics

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 closed die forging market -  

• Precision Castparts Corp.
• Forgital Group
• ATI 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 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 and 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 closed die forging market is segmented into the following categories:

Aircraft Closed 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 Closed 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 Closed 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 Closed 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 Closed 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 Closed 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 Closed 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 Closed 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 closed-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 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 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]