Aircraft Engine Forging Market to Hit $6B by 2031

New York, US – August 28, 2025 – The global Aircraft Engine Forging Market is set for consistent, long-term growth through the next decade, according to a newly released study from The Insight Partners. As outlined in the comprehensive Aircraft Engine Forging Market size report, the market is projected to expand from US$3,787.15 million in 2024 to US$5,966.86 million by 2031, registering a compound annual growth rate (CAGR) of 6.84% during the forecast period of 2025 to 2031.

This Aircraft engine forging market growth trajectory is fueled by a convergence of aerospace manufacturing growth, high-performance materials like nickel-based superalloys, and the evolution of precision forging technologies for critical aircraft engine components.

Nickel Superalloys Leading Next-Gen Engine Forging

The growing complexity of aircraft engine design is driving material innovation and refining manufacturing processes across the supply chain. Nickel-based superalloys, which offer superior performance at elevated temperatures, are increasingly used for components exposed to extreme stress—such as turbine disks, combustion liners, and rotor assemblies.

Forging methods like closed-die forging and seamless rolled ring forging are being optimized to work with these high-strength materials, enabling the production of structurally sound parts with exceptional fatigue resistance and dimensional accuracy.

"The Aircraft Engine Forging Market growth reflects a broader shift toward integrated performance, reliability, and material excellence," said Ankit Mathur, Head of Research at The Insight Partners. "Superalloys and next-generation forging solutions are essential for powering advanced aircraft engines safely and efficiently."

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Market Developments: Strategic Expansions and Innovations

The Aircraft Engine Forging Market trends are also being shaped by forward-looking investments and global partnerships aimed at strengthening capacity and improving supply chain resilience:

• Otto Fuchs GmbH continues to reinforce its forging infrastructure across international facilities, supporting aerospace structural and engine part production.
• Pacific Forge Incorporated has scaled up its tailored forged solutions for high-performance aviation applications while maintaining industry standards under AS9100D and ISO 9001:2015.
• Precision Castparts Corp. has expanded its superalloy and titanium forging capabilities to serve the growing demand in both aerospace and energy turbine systems.
• Safran has partnered with Hindustan Aeronautics Limited (HAL) for the co-manufacturing of forged components used in LEAP engines, a key move to diversify its sourcing base and secure a competitive advantage.

These initiatives are collectively reinforcing the Aircraft Engine Forging Market share held by companies capable of scaling advanced material processing technologies.

Industry Collaborations Driving R&D and Quality

The Aircraft engine forging market size is also witnessing enhanced collaboration between component manufacturers, engine OEMs, and research institutions.

• In July 2023, Doncasters Group Ltd expanded its supply contract with Safran Aircraft Engines for superalloy castings and hot-section engine components used in LEAP-1A and LEAP-1B programs.
• At the Paris Air Show in June 2025, LISI Aerospace formalized a partnership with CETIM to pursue the DIGIFAST project, a research initiative focused on improving fastener reliability through ultrasonic preload measurement systems.

Such collaborations are emblematic of the industry’s shift toward data-driven quality control and predictive maintenance solutions.

Forecast and Regional Demand Outlook

According to the Aircraft Engine Forging Market forecast, regional demand is expected to be strongest in North America, where aircraft engine production and aerospace innovation remain concentrated. Asia-Pacific and Europe are also witnessing increased activity due to aircraft fleet modernization, domestic aircraft development programs, and heightened investments in aerospace defense manufacturing.

As outlined in the Aircraft Engine Forging Market report, stakeholders investing in automation, metallurgical testing, and R&D will be well-positioned to navigate tightening performance and safety regulations.

Key Players in the Aircraft Engine Forging Market

Major contributors identified in the market include:

• All Metals & Forge Group
• ATI Metals
• Doncasters Group Ltd
• Farinia Group
• LISI Aerospace
• Otto Fuchs GmbH
• Pacific Forge Incorporated
• Precision Castparts Corp.
• Safran

These players are actively innovating across forging methods, material science, and global manufacturing capabilities to stay ahead in an increasingly competitive market.

Summary and Strategic Insight

The Aircraft Engine Forging Market is undergoing a significant transformation as global aviation continues to push for cleaner, more reliable, and longer-lasting engine platforms. The integration of superalloys, AI-based quality inspection systems, and automated forging equipment is rapidly reshaping the value chain.

Companies with strong Aircraft Engine Forging Market share are expected to lead innovation, while suppliers with vertical integration and global reach will benefit from greater operational efficiency and customer alignment.

The full Aircraft Engine Forging Market report includes region-level insights, technology breakdowns, and competitive benchmarking to help stakeholders capitalize on the latest trends and market shifts.

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients get solutions to their research requirements through our syndicated and consulting research services. We specialize in semiconductor and electronics, aerospace and defense, automotive and transportation, biotechnology, healthcare IT, manufacturing and construction, medical devices, technology, media and telecommunications, and chemicals and materials.

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