Aircraft Engine Forging Market Comprehensive Analysis and Forecast to 2034

The global Aircraft Engine Forging Market in 2026 is experiencing steady growth due to increasing aircraft production, rising air passenger traffic, and growing demand for high-performance engine components. Aircraft engine forging plays a critical role in aerospace manufacturing by producing durable and lightweight components that can withstand extreme temperatures, pressures, and rotational forces.

According to Fortune Business Insights™, the global aircraft engine forging market size was valued at USD 3.20 billion in 2025. The market is projected to grow from USD 3.39 billion in 2026 to USD 5.23 billion by 2034, exhibiting a CAGR of 5.6% during the forecast period.

Forged aircraft engine components offer superior mechanical strength, improved fatigue resistance, and enhanced structural integrity compared to cast or machined parts. These characteristics make forging a preferred manufacturing process for critical engine components such as turbine disks, compressor blades, shafts, and rings.

Market Drivers and Restraints

Market Drivers

The rising production of commercial aircraft, particularly narrow-body and wide-body aircraft, is a key driver supporting market growth. Aircraft manufacturers are increasingly focusing on fuel efficiency and performance optimization, which is boosting demand for advanced forged engine components made from high-strength alloys.

Growing investments in next-generation aircraft engines and modernization of existing fleets are further accelerating the adoption of forged components. Additionally, increasing defense spending and military aircraft procurement are contributing to sustained demand for aircraft engine forgings.

Market Restraints

High capital investment requirements associated with forging equipment, advanced machinery, and raw materials act as a major restraint for market expansion. The volatility in prices of titanium and nickel-based alloys also impacts production costs and profit margins.

Market Report Coverage

The aircraft engine forging market report provides an in-depth analysis of market size, growth trends, competitive landscape, and future opportunities. It covers qualitative and quantitative insights, technological advancements, key developments, and strategic initiatives undertaken by major industry participants.

Market Segmentation

By Type

Based on type, the market is segmented into open die forging, closed die forging, and seamless rolled ring forging. Closed die forging dominates the market due to its ability to produce complex components with high dimensional accuracy and consistent quality. Seamless rolled ring forging is expected to witness the fastest growth owing to increasing demand for large-diameter rings in modern aircraft engines.

By Material

By material, the market includes aluminum alloys, titanium alloys, nickel-based superalloys, steel alloys, and others. Nickel-based superalloys account for the largest market share due to their excellent thermal stability and resistance to high-temperature deformation. Titanium alloys are witnessing rapid adoption due to their lightweight properties and high strength-to-weight ratio.

By Engine Component

Engine components covered in the market include turbine disks, compressor blades, shafts, casings, and others. Turbine disks hold the largest share as they are critical components exposed to extreme stress and temperature conditions. Compressor blades are expected to grow at a notable rate due to advancements in aerodynamic design and manufacturing precision.

By Engine Type

The market is segmented into turbofan, turbojet, turboprop, and turboshaft engines. Turbofan engines dominate the segment owing to their extensive use in commercial aviation. Turboshaft engines are anticipated to grow at the fastest rate, supported by increasing helicopter deployments and defense applications.

By Aircraft Type

Based on aircraft type, the market is divided into fixed-wing and rotary-wing aircraft. Fixed-wing aircraft account for the largest share due to higher aircraft production volumes. Rotary-wing aircraft are gaining traction with rising demand for helicopters across military, emergency, and offshore operations.

By End User

By end user, the market is categorized into OEM and aftermarket. OEMs dominate the market due to rising production of new aircraft engines. The aftermarket segment is expected to grow steadily, driven by increasing maintenance, repair, and overhaul activities.

Explore the full research report with detailed insights and TOC:https://www.fortunebusinessinsights.com/aircraft-engine-forging-market-114682 

Market Regional Insights

North America holds the largest share of the aircraft engine forging market, supported by strong aerospace manufacturing capabilities and the presence of leading engine manufacturers. Europe follows with significant contributions from established aerospace suppliers and technological advancements.

Asia Pacific is projected to be the fastest-growing region due to expanding aviation infrastructure, rising aircraft deliveries, and increased localization of aerospace manufacturing. Latin America and the Middle East & Africa are expected to witness steady growth supported by fleet expansion and modernization initiatives.

Market Competitive Landscape

The aircraft engine forging market is moderately consolidated, with major players focusing on capacity expansion, long-term supply agreements, and advanced material development. Strategic collaborations and technological innovation remain key competitive strategies.

• Precision Castparts Corp. (U.S.)

• ATI Inc. (U.S.)

• Howmet Aerospace Inc. (U.S.)

• Forged Solutions Group Ltd. (U.K.)

• Bharat Forge Limited (India)

• Doncasters Group Ltd. (U.K.)

• Kobe Steel, Ltd. (Japan)

• MTU Aero Engines AG (Germany)

• IHI Corporation (Japan)

• Independent Forgings & Alloys Ltd. (U.K.)

Future Market Scope

The future of the aircraft engine forging market remains positive, driven by advancements in forging technologies, increasing aircraft engine efficiency requirements, and growing investments in sustainable aviation. Continuous innovation and strategic partnerships are expected to strengthen long-term market growth.

October 2025: Rolls-Royce signed a manufacturing agreement with Bharat Forge to produce advanced fan blades in India for its Pearl 700 and Pearl 10X business-jet engines, expanding its aero-engine component sourcing footprint.

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