Global Aerospace Forging Market
Aerospace and Defense

Aerospace Forging Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033


The Business Research Company’s Aerospace Forging Global Market Report 2024 offers crucial insights into the aerospace forging market help businesses analyse and build stronger strategies.


Aerospace Forging Market: A Robust Growth Story

  • Market size surged from $31.49 billion in 2023 to $34.41 billion in 2024
  • Compound Annual Growth Rate (CAGR) at 9.3%
  • Historic growth attributed to military modernization, safety standards, fuel efficiency focus


Anticipating Growth: Projections for 2028

  • Forecasted market size: $46.84 billion in 2028
  • CAGR at 8.0% in the forecast period
  • Next-gen aircraft demand, UAV proliferation, supersonic aircraft development drive growth
  • Major trends: Technological advancements, lightweight component demand, additive manufacturing rise


Aircraft Production Surge Fuels Aircraft Forging Market

  • Forged components favored for durability and strength
  • Rise in aircraft production evidenced by Airbus SE’s 2022 delivery figures
  • Major players in the aerospace forging market include Arconic Corporation, Bharat Forge Limited, and more


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Strategic Collaborations Transforming Aerospace Forging Market Landscape

  • Partnerships and collaborations key to market sustenance
  • Example: Bharat Forge Limited’s partnership with Paramount Group Inc.
  • General Atomics Aeronautical Systems Inc. partnering with Bharat Forge Limited for unmanned aircraft components


Forged Solutions Group Strengthens Portfolio With Continental Forge Acquisition

  • Forged Solutions Group acquires Continental Forge in December 2022
  • Aim to incorporate Continental Forge’s operational practices and expand operations
  • Continental Forge specializes in aluminum forging for aerospace, defense, and automotive sectors


Segmentation Insights

  • Material segmentation: Aluminum, Steel, Titanium, Other Materials
  • Aircraft segmentation: Commercial, Military, Other Aircraft
  • Application segmentation: Rotors, Turbine Disc, Shafts, Fan Case, Other Applications


Regional Dynamics

  • North America leads in aerospace forging market in 2023


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The Aerospace Forging Global Market Report 2024  provides a comprehensive outlook of the aerospace forging market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aerospace forging market forecast offers a thorough analysis on aerospace forging market size, aerospace forging market share, prominent players and their strategies.


The Table Of Content For The Aerospace Forging Market Include:
1. Aerospace Forging Market Executive Summary
2. Aerospace Forging Market Segments
3. Aerospace Forging Market Size And Aerospace Forging Market Growth Rate
4. Key Aerospace Forging Market Trends
5. Major Aerospace Forging Market Drivers
25. Key Mergers And Acquisitions In The Aerospace Forging Market
26. Top Aerospace Forging Companies
27. Aerospace Forging Market Opportunities And Strategies
28. Aerospace Forging Market, Conclusions And Recommendations
29. Appendix


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