Aerospace Metal Closed Die Forging Market- Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032
Description
Market Overview
The Aerospace Metal Closed Die Forging Market is projected to grow from USD 83.41 billion in 2024 to USD 142.56 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.93% from 2024 to 2032.
The growth of the aerospace metal closed die forging market is driven by the increasing demand for high-strength, lightweight components in the aerospace industry. Aircraft manufacturers are increasingly adopting closed die forging because it produces precise, durable, and structurally sound components that improve fuel efficiency and overall operational performance. The rising production of both commercial and military aircraft, along with the need for next-generation aircraft to replace aging fleets, is fueling the demand for forged aerospace components. Technological advancements in forging processes, such as automation, digital modeling, and advanced material compositions, are further driving market expansion. The growing use of high-performance metals, including titanium, aluminum, and superalloys, due to their superior mechanical properties, corrosion resistance, and ability to withstand extreme conditions, is also boosting market growth. Innovations in isothermal forging and precision forging techniques are enhancing component strength while reducing material waste.
Market Drivers
Technological Advancements in Forging Processes
Technological advancements in forging processes are playing a key role in improving efficiency, precision, and material utilization in the aerospace industry. Innovations like automation, AI-driven process control, and simulation-based design are helping manufacturers improve production speed and reduce material waste. Digital twin technology and computer-aided design (CAD) tools are also enhancing the accuracy and reliability of forged components. For example, near-isothermal forging technology for aircraft engine components has significantly improved the performance and durability of high-pressure compressor discs. This breakthrough allows for the production of complex aerospace parts from titanium and nickel-based superalloys, which are known for their exceptional strength and heat resistance.
Market Challenge Analysis
High Production Costs and Supply Chain Disruptions
The aerospace metal closed-die forging industry faces challenges related to high production costs and supply chain disruptions. Closed-die forging requires specialized equipment, skilled labor, and high-quality raw materials, all of which contribute to significant manufacturing expenses. Furthermore, the volatility in raw material prices, particularly for titanium, aluminum, and nickel-based alloys, drives up production costs. Additionally, supply chain disruptions pose a major challenge. The aerospace industry depends on a global supply network for raw materials and components, making it vulnerable to geopolitical uncertainties, trade restrictions, and logistical issues. Delays in material procurement and component delivery can disrupt production schedules and increase operational costs. For example, aerospace manufacturers have faced extended lead times for high-performance alloys due to global supply chain disruptions. To mitigate these risks, companies are investing in localized supply chains and strategic material stockpiling.
Segmentation:
Based on Product
Press Capacity Below 10,000 MT
Press Capacity Between 10,000 and 19,000 MT
Press Capacity Between 20,000–29,000 MT
Based on Application
Engine Components
Landing Gear and Structural Components
Helicopter Rotor Components and Shafts
Based on Region
North America: U.S., Canada, Mexico
Europe: Germany, France, U.K., Italy, Spain, Rest of Europe
Asia Pacific: China, Japan, India, South Korea, South-East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Rest of Latin America
Middle East & Africa: GCC Countries, South Africa, Rest of the Middle East and Africa
Key Player Analysis
Arconic (United States)
ATI (Canada)
Bharat Forge (India)
ELLWOOD Group Inc. (United States)
Jiangyin Hengrun Heavy Industries Co., Ltd. (China)
Precision Castparts Corp. (United States)
Larsen & Toubro Limited (India)
Scot Forge Company (United States)
Pacific Forge Incorporated (United States)
Somers Forge (United Kingdom)
Eramet (France)
VSMPO-AVISMA Corporation (Russia)
All Metals & Forge Group (United States)
Consolidated Industries, Inc. (United States)
Farinia Group (United States)
Mettis Group (United States)
The Aerospace Metal Closed Die Forging Market is projected to grow from USD 83.41 billion in 2024 to USD 142.56 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.93% from 2024 to 2032.
The growth of the aerospace metal closed die forging market is driven by the increasing demand for high-strength, lightweight components in the aerospace industry. Aircraft manufacturers are increasingly adopting closed die forging because it produces precise, durable, and structurally sound components that improve fuel efficiency and overall operational performance. The rising production of both commercial and military aircraft, along with the need for next-generation aircraft to replace aging fleets, is fueling the demand for forged aerospace components. Technological advancements in forging processes, such as automation, digital modeling, and advanced material compositions, are further driving market expansion. The growing use of high-performance metals, including titanium, aluminum, and superalloys, due to their superior mechanical properties, corrosion resistance, and ability to withstand extreme conditions, is also boosting market growth. Innovations in isothermal forging and precision forging techniques are enhancing component strength while reducing material waste.
Market Drivers
Technological Advancements in Forging Processes
Technological advancements in forging processes are playing a key role in improving efficiency, precision, and material utilization in the aerospace industry. Innovations like automation, AI-driven process control, and simulation-based design are helping manufacturers improve production speed and reduce material waste. Digital twin technology and computer-aided design (CAD) tools are also enhancing the accuracy and reliability of forged components. For example, near-isothermal forging technology for aircraft engine components has significantly improved the performance and durability of high-pressure compressor discs. This breakthrough allows for the production of complex aerospace parts from titanium and nickel-based superalloys, which are known for their exceptional strength and heat resistance.
Market Challenge Analysis
High Production Costs and Supply Chain Disruptions
The aerospace metal closed-die forging industry faces challenges related to high production costs and supply chain disruptions. Closed-die forging requires specialized equipment, skilled labor, and high-quality raw materials, all of which contribute to significant manufacturing expenses. Furthermore, the volatility in raw material prices, particularly for titanium, aluminum, and nickel-based alloys, drives up production costs. Additionally, supply chain disruptions pose a major challenge. The aerospace industry depends on a global supply network for raw materials and components, making it vulnerable to geopolitical uncertainties, trade restrictions, and logistical issues. Delays in material procurement and component delivery can disrupt production schedules and increase operational costs. For example, aerospace manufacturers have faced extended lead times for high-performance alloys due to global supply chain disruptions. To mitigate these risks, companies are investing in localized supply chains and strategic material stockpiling.
Segmentation:
Based on Product
Press Capacity Below 10,000 MT
Press Capacity Between 10,000 and 19,000 MT
Press Capacity Between 20,000–29,000 MT
Based on Application
Engine Components
Landing Gear and Structural Components
Helicopter Rotor Components and Shafts
Based on Region
North America: U.S., Canada, Mexico
Europe: Germany, France, U.K., Italy, Spain, Rest of Europe
Asia Pacific: China, Japan, India, South Korea, South-East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Rest of Latin America
Middle East & Africa: GCC Countries, South Africa, Rest of the Middle East and Africa
Key Player Analysis
Arconic (United States)
ATI (Canada)
Bharat Forge (India)
ELLWOOD Group Inc. (United States)
Jiangyin Hengrun Heavy Industries Co., Ltd. (China)
Precision Castparts Corp. (United States)
Larsen & Toubro Limited (India)
Scot Forge Company (United States)
Pacific Forge Incorporated (United States)
Somers Forge (United Kingdom)
Eramet (France)
VSMPO-AVISMA Corporation (Russia)
All Metals & Forge Group (United States)
Consolidated Industries, Inc. (United States)
Farinia Group (United States)
Mettis Group (United States)
Table of Contents
221 Pages
- CHAPTER NO. 1 : INTRODUCTION
- 1.1.1. Report Description
- Purpose of the Report
- USP & Key Offerings
- 1.1.2. Key Benefits for Stakeholders
- 1.1.3. Target Audience
- 1.1.4. Report Scope
- CHAPTER NO. 2 : EXECUTIVE SUMMARY
- 2.1. Aerospace Metal Closed Die Forging Market Snapshot
- 2.1.1. Aerospace Metal Closed Die Forging Market, 2018 - 2032 (USD Million)
- CHAPTER NO. 3 : Aerospace Metal Closed Die Forging Market – INDUSTRY ANALYSIS
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Restraints
- 3.4. Market Opportunities
- 3.5. Porter’s Five Forces Analysis
- CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE
- 4.1. Company Market Share Analysis – 2023
- 4.2. Aerospace Metal Closed Die Forging Market Company Revenue Market Share, 2023
- 4.3. Company Assessment Metrics, 2023
- 4.4. Start-ups /SMEs Assessment Metrics, 2023
- 4.5. Strategic Developments
- 4.6. Key Players Product Matrix
- CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS
- CHAPTER NO. 6 : Aerospace Metal Closed Die Forging Market – BY Based on Product ANALYSIS
- CHAPTER NO. 7 : Aerospace Metal Closed Die Forging Market – BY Based on Application ANALYSIS
- CHAPTER NO. 8 : Aerospace Metal Closed Die Forging Market – BY Based on Region ANALYSIS
- CHAPTER NO. 9 : COMPANY PROFILES
- 9.1. Arconic (United States)
- 9.1.1. Company Overview
- 9.1.2. Product Portfolio
- 9.1.3. SWOT Analysis
- 9.1.4. Business Strategy
- 9.1.5. Financial Overview
- 9.2. ATI (Canada)
- 9.3. Bharat Forge (India)
- 9.4. ELLWOOD Group Inc. (United States)
- 9.5. Jiangyin Hengrun Heavy Industries Co., Ltd. (China)
- 9.6. Precision Castparts Corp. (United States)
- 9.7. Larsen & Toubro Limited (India)
- 9.8. Scot Forge Company (United States)
- 9.9. Pacific Forge Incorporated (United States)
- 9.10. Somers Forge (United Kingdom)
- 9.11. Eramet (France)
- 9.12. VSMPO-AVISMA Corporation (Russia)
- 9.13. All Metals & Forge Group (United States)
- 9.14. Consolidated Industries, Inc. (United States)
- 9.15. Farinia Group (United States)
- 9.16. Mettis Group (United States)
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