According to our latest study on "Global Aircraft Engine Forging Market Size and Forecasts (2021 - 2031), Regional Share, Trends, and Growth Opportunity Analysis - by Forging Type, Material Type, Aircraft Type, and Application," the Global Aircraft Engine Forging Market size was valued at US$ 3,787.15 million in 2024 and is expected to reach US$ 5,966.86 million by 2031; it is estimated to record a CAGR of 6.84%% from 2025 to 2031.

The global aircraft engine forging market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Aircraft engine forging is a manufacturing process used to produce high-strength, high-performance components for aircraft engines. It involves shaping metal-typically titanium, nickel-based alloys, or stainless steel-under extreme pressure using hammers, presses, or dies. This process aligns the metal's grain structure with the shape of the part, enhancing mechanical properties like strength, fatigue resistance, and durability, which are critical in the harsh operating conditions of jet engines.

Forging is commonly used to create engine parts such as turbine disks, compressor blades, shafts, and casings. These components must withstand extreme temperatures, high rotational speeds, and enormous stresses. Compared to casting or machining, forging results in superior structural integrity and fewer internal defects, making it ideal for aerospace applications where safety and performance are paramount. Advanced forging techniques such as isothermal and precision die forging allow for tight tolerances and complex geometries, minimizing the need for further machining. With the increasing demand for fuel efficiency and lightweight engines, forged parts are essential in modern engine designs, including those used in commercial jets and military aircraft. Overall, forging is vital in the aerospace industry, ensuring reliability and safety in the most demanding engine environments.

In Asia Pacific, India registered highest CAGR in the aircraft engine forging market during the forecast period. With a focus on indigenization and reducing reliance on imports, India is ramping up its capabilities in high-precision forging, particularly for components such as turbine blades, discs, shafts, and casings used in military and commercial aircraft engines. Major public sector units such as Hindustan Aeronautics Limited (HAL) and Bharat Forge, alongside private sector players and startups, invest heavily in advanced materials, closed-die forging technologies, and quality certifications to meet global aviation standards. The government's "Make in India" and "Atmanirbhar Bharat" (self-reliant India) initiatives have accelerated efforts in developing domestic forging capacities through joint ventures, technology transfers, and collaborations with global aerospace firms. Further, defense offset policies and increased spending on indigenous fighter jet programs such as the LCA Tejas have spurred demand for locally manufactured engine parts. While India still imports some high-end engine components, particularly those involving superalloys and complex geometries, the trajectory is strongly toward self-reliance, supported by growing R&D, skill development, and infrastructure upgrades in the forging sector.

Key Findings of Global Aircraft Engine Forging Market Study:

The aircraft engine forging market is segmented on the basis of forging type, aircraft type, material type, and application. Based on forging type, the market is bifurcated into closed die forging and seamless rolled ring. Per aircraft type, the market is categorized into commercial aircraft, military aircraft, and general aviation. As per material type, the market is classified into nickel alloys, titanium alloys, aluminum, and others. By application, the market is segmented into rotor, turbine disc, combustion chamber outer case, fan case, and others.

In terms of material type, the global aircraft engine forging market is segmented into nickel alloys, titanium alloys, aluminum, and others. The titanium alloys segment held the largest global aircraft engine forging market share in 2024. Titanium alloys offer an exceptionally high strength-to-weight ratio, corrosion resistance, and ability to retain mechanical properties at elevated temperatures. These characteristics make titanium alloys ideal for engine components such as fan blades, compressor discs, and turbine parts, where performance and weight savings are crucial. The demand for titanium forgings is surging with the increasing adoption of fuel-efficient engines in modern commercial and military aircraft, as manufacturers seek materials that contribute to improved thrust-to-weight ratios and lower overall aircraft weight. Advancements in forging technologies and the growing availability of near-net shape titanium forgings have enhanced production efficiency and reduced material waste. As the aerospace industry prioritizes lightweight and durable materials to meet stringent environmental and performance standards, titanium alloys are expected to witness high demand.

All Metals & Forge Group; OTTO FUCHS KG; Pacific Forge Incorporated; Precision Castparts Corp.; Safran SA; VSMPO-AVISMA Corp; Farinia Group; Doncasters Group; LISI GROUP; and Allegheny Technologies Inc. are among the key players profiled in the global aircraft engine forging market report. Several other major players were studied and analyzed during the global aircraft engine forging market analysis to get a holistic view of the market and its ecosystem. The global aircraft engine forging market also provides detailed market insights, which help the key players strategize their growth. The report includes growth prospects owing to the current global aircraft engine forging market trends and their foreseeable impact during the forecast period.

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