Aircraft Open Die Forging Market is Forecasted to Reach US$5.6 Billion in 2032, Says Stratview Research

The global aircraft open die forging market size was valued at US$5.6 billion in 2024 and is projected to reach US$7.6 billion by 2032, witnessing a market growth CAGR of 3.6% from 2025 to 2032, according to an analysis by Stratview Research.

Stratview Research, a global market research firm, has launched a report on the global aircraft open die forging market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Market Statistics:

Market Size in 2024: US$5.6 billion
Market Size in 2032: US$7.6 billion
Growth (CAGR): 3.6% during 2025-2032
Leading Aircraft Type: Commercial Aircraft
Leading Application Type: Engine
Leading Component Size Type: Small Components
Leading Material Type: Nickel
Leading End-User Type: OE
Leading Region: Asia-Pacific
Forecast Period: 2025-2032
Trend Period: 2019-2023
Base Year: 2024
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Aircraft Open Die Forging Market:

The global aircraft open die forging market is segmented based on Aircraft type, Application type, Component Size type, Material type, End-User type, and region.

Based on aircraft type -

- 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.
Based on application type -
- The aircraft open-die forging market is segmented into airframe and engine. The 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.

Which region shows the most promising growth forecast and opportunity?

- 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.

Aircraft Open Die Forging Market Drivers:

Some of the key drivers listed in the report are given below.

- Rising Global Aircraft Production and Fleet Expansion - The continuous growth in commercial aviation, driven by increasing air passenger traffic and the need for fleet modernization, is fueling demand for high-strength forged components used in airframes, landing gear, and engine parts.
- Growing Defense and Military Aviation Spending - Heightened geopolitical tensions and defense modernization programs worldwide are driving investments in military aircraft, creating sustained demand for open die forged components in fighter jets, helicopters, and unmanned aerial vehicles.
- Stringent Safety and Performance Requirements - Aviation industry regulations mandate the use of superior quality materials and manufacturing processes, making open die forging the preferred choice for producing critical aircraft components that require exceptional strength, durability, and reliability.
- Lightweighting and Advanced Material Adoption - The aerospace industry's push toward fuel efficiency and reduced emissions is accelerating the adoption of titanium and advanced alloy forgings, which offer excellent strength-to-weight ratios and can be effectively manufactured through open die forging processes.
- Aftermarket and MRO (Maintenance, Repair, and Overhaul) Activities - The expanding global aircraft fleet and aging aviation infrastructure are generating significant demand for replacement parts and refurbishment components, creating a steady market for open die forged products in the aftermarket segment.

Competitive Landscape: Top Companies in the Aircraft Open Die Forging Market:

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.

Are you the leading player in this market? We would love to include your name. Please write to us at sales@stratviewresearch.com

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the aircraft open die forging market, answering critical questions like

- How big is the sales opportunity?
- Which regions offer the best sales opportunities?
- Which are the most attractive market segments?
- Which are the top players and their market positioning?
- How complex is the business environment?
- What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.