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Aerospace Cold Forgings Market Forecasts to 2032 – Global Analysis By Type (Custom Forging, Captive Forging, and Catalog Forging), Product Type, Material Type, Manufacturing Process, Application, End User and By Geography

Publisher Stratistics Market Research Consulting
Published Sep 19, 2025
Length 200 Pages
SKU # SMR20411631

Description

According to Stratistics MRC, the Global Aerospace Cold Forgings Market is accounted for $5.73 billion in 2025 and is expected to reach $8.17 billion by 2032 growing at a CAGR of 5.2% during the forecast period. Aerospace cold forgings are specialized parts created by cold forging, a metal-forming method carried out at ambient temperature under significant pressure. This process improves mechanical properties, ensuring high strength, precision, and durability required in aerospace operations. Widely applied in engines, landing systems, and structural components, aerospace cold forgings provide excellent fatigue resistance and dependable performance. Additionally, they optimize manufacturing by minimizing material loss, lowering expenses, and reducing the requirement for extensive machining.

Market Dynamics:

Driver:

Increasing demand for lightweight components

Aircraft manufacturers are increasingly adopting forged aluminum and titanium parts to meet stringent weight reduction targets. This trend is further supported by the growing emphasis on sustainability and performance optimization in aerospace design. Lightweight materials also contribute to improved payload capacity and operational range, making them highly desirable across commercial and defense aviation. As next-generation aircraft programs expand, the need for precision-forged, lightweight components continues to grow. This demand is expected to accelerate innovation in forging techniques and material science.

Restraint:

Complex manufacturing processes

Producing high-strength, precision-forged components require advanced machinery, skilled labor, and stringent quality control protocols. The integration of cold forging into aerospace production lines often demands significant retooling and process adaptation. Additionally, the need to maintain tight tolerances and material integrity adds to the technical challenges. These complexities can lead to longer production cycles and increased operational costs. As a result, some manufacturers may hesitate to adopt cold forging at scale despite its performance benefits.

Opportunity:

Adoption of advanced materials

The adoption of advanced materials such as high-strength alloys and composite-compatible metals presents a strong avenue for market. These materials enable the production of durable, lightweight components that meet evolving aerospace standards. Innovations in metallurgy and surface treatment are enhancing the compatibility of cold forging with next-gen aircraft designs. As aerospace OEMs seek to improve structural integrity and reduce lifecycle costs, demand for advanced forged materials is rising. This shift is encouraging suppliers to invest in R&D and expand their material portfolios. The growing use of hybrid materials also opens new avenues for customization and performance optimization.

Threat:

High initial costs and long development cycles

Setting up specialized forging facilities and qualifying new components for aerospace use involves substantial capital investment. The certification process is rigorous and time-consuming, often delaying market entry. Additionally, long lead times for tooling and material procurement can hinder responsiveness to market shifts. These factors pose significant risks for smaller players and new entrants. The financial and operational burden may deter innovation and limit competitive dynamics in the sector.

Covid-19 Impact

The COVID-19 pandemic had a mixed impact on the aerospace cold forgings market, disrupting supply chains while accelerating certain modernization efforts. Lockdowns and travel restrictions led to reduced aircraft production and delayed procurement cycles. However, the crisis also prompted a reevaluation of manufacturing resilience and supply chain localization. The pandemic underscored the importance of lightweight, high-performance components in enabling fuel-efficient recovery strategies. As the industry rebounds, cold forging is expected to play a key role in next-gen aircraft programs.

The custom forging segment is expected to be the largest during the forecast period

The custom forging segment is expected to account for the largest market share during the forecast period, due to its ability to meet specific design and performance requirements. Custom forgings offer tailored solutions for complex geometries and critical load-bearing applications. This flexibility is particularly valuable in aerospace, where component precision and reliability are paramount. As aircraft designs become more specialized, demand for bespoke forged parts is rising. Manufacturers are increasingly investing in advanced simulation and tooling to support custom production.

The military & defense segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the military & defense segment is predicted to witness the highest growth rate, driven by rising defense budgets and modernization programs across key regions. Cold forged components are favored for their strength, fatigue resistance, and ability to withstand extreme conditions. Applications include structural airframe parts, missile casings, and landing gear systems. The need for lightweight yet robust materials in tactical aircraft and unmanned systems is further boosting demand. As geopolitical tensions persist, defense procurement is expected to remain a strong growth driver.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share supported by expanding aerospace manufacturing hubs. Countries like China, India, and Japan are investing heavily in domestic aircraft production and MRO capabilities. The region benefits from a strong supplier base, cost-effective labor, and increasing technological sophistication. Government initiatives to boost indigenous aerospace programs are also fueling demand for forged components. Strategic partnerships and foreign investments are enhancing regional capabilities in precision forging.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, fuelled by technological leadership and robust defense spending. The region is home to major aerospace OEMs and forging specialists with advanced capabilities. Innovations in material science, automation, and digital manufacturing are accelerating adoption of cold forging techniques. The push for next-gen aircraft and space exploration programs is creating new demand for high-performance forged parts. Additionally, the presence of a mature regulatory framework supports rapid certification and deployment.

Key players in the market

Some of the key players profiled in the Aerospace Cold Forgings Market include Precision Castparts Corp, Carpenter Technology, Arconic, Kobe Steel, Howmet Aerospace, Hitachi Metals, GKN Aerospace, Sumitomo Electric Industries, Safran, Larsen & Toubro, GE Aviation, Bharat Forge, Rolls-Royce, Pratt & Whitney, and MTU Aero Engines.

Key Developments:

In August 2025, Hitachi Energy has completed the acquisition of the remaining stake in eks Energy, a technology and market leader in power electronics and control solutions to deliver a scalable, flexible, and complete approach for energy storage customers. Hitachi Energy acquired a majority stake in eks Energy in 2023.

In July 2025, GKN Aerospace and ArianeGroup have signed a new Frame Contract for the operational phase of Ariane 6, securing Europe’s access to space for years to come and building on a partnership spanning over five decades. It is the first agreement between ArianeGroup and a major industrial partner as the new European launcher enters its industrial ramp-up.

Types Covered:
• Custom Forging
• Captive Forging
• Catalog Forging

Product Types Covered:
• Closed Die Forgings
• Open Die Forgings
• Rolled Ring Forgings

Material Types Covered:
• Aluminum Alloys
• Steel Alloys
• Titanium Alloys
• Stainless Steel
• Nickel Alloys

Manufacturing Processes Covered:
• Cold Heading
• Precision Forging
• Multi-Stage Forging

Applications Covered:
• Airframe Components
• Structural Assemblies
• Landing Gear Systems
• Engine Parts
• Nacelle Components
• Other Applications

End Users Covered:
• Commercial Aviation
• Military & Defense
• UAVs & Drones
• Spacecraft & Satellites
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements





Table of Contents

200 Pages
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Aerospace Cold Forgings Market, By Type
5.1 Introduction
5.2 Custom Forging
5.3 Captive Forging
5.4 Catalog Forging
6 Global Aerospace Cold Forgings Market, By Product Type
6.1 Introduction
6.2 Closed Die Forgings
6.3 Open Die Forgings
6.4 Rolled Ring Forgings
7 Global Aerospace Cold Forgings Market, By Material Type
7.1 Introduction
7.2 Aluminum Alloys
7.3 Steel Alloys
7.4 Titanium Alloys
7.5 Stainless Steel
7.6 Nickel Alloys
8 Global Aerospace Cold Forgings Market, By Manufacturing Process
8.1 Introduction
8.2 Cold Heading
8.3 Precision Forging
8.4 Multi-Stage Forging
9 Global Aerospace Cold Forgings Market, By Application
9.1 Introduction
9.2 Airframe Components
9.3 Structural Assemblies
9.4 Landing Gear Systems
9.5 Engine Parts
9.6 Nacelle Components
9.7 Other Applications
10 Global Aerospace Cold Forgings Market, By End User
10.1 Introduction
10.2 Commercial Aviation
10.3 Military & Defense
10.4 UAVs & Drones
10.5 Spacecraft & Satellites
10.6 Other End Users
11 Global Aerospace Cold Forgings Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Precision Castparts Corp
13.2 Carpenter Technology
13.3 Arconic
13.4 Kobe Steel
13.5 Howmet Aerospace
13.6 Hitachi Metals
13.7 GKN Aerospace
13.8 Sumitomo Electric Industries
13.9 Safran
13.10 Larsen & Toubro
13.11 GE Aviation
13.12 Bharat Forge
13.13 Rolls-Royce
13.14 Pratt & Whitney
13.15 MTU Aero Engines
List of Tables
Table 1 Global Aerospace Cold Forgings Market Outlook, By Region (2024-2032) ($MN)
Table 2 Global Aerospace Cold Forgings Market Outlook, By Type (2024-2032) ($MN)
Table 3 Global Aerospace Cold Forgings Market Outlook, By Custom Forging (2024-2032) ($MN)
Table 4 Global Aerospace Cold Forgings Market Outlook, By Captive Forging (2024-2032) ($MN)
Table 5 Global Aerospace Cold Forgings Market Outlook, By Catalog Forging (2024-2032) ($MN)
Table 6 Global Aerospace Cold Forgings Market Outlook, By Product Type (2024-2032) ($MN)
Table 7 Global Aerospace Cold Forgings Market Outlook, By Closed Die Forgings (2024-2032) ($MN)
Table 8 Global Aerospace Cold Forgings Market Outlook, By Open Die Forgings (2024-2032) ($MN)
Table 9 Global Aerospace Cold Forgings Market Outlook, By Rolled Ring Forgings (2024-2032) ($MN)
Table 10 Global Aerospace Cold Forgings Market Outlook, By Material Type (2024-2032) ($MN)
Table 11 Global Aerospace Cold Forgings Market Outlook, By Aluminum Alloys (2024-2032) ($MN)
Table 12 Global Aerospace Cold Forgings Market Outlook, By Steel Alloys (2024-2032) ($MN)
Table 13 Global Aerospace Cold Forgings Market Outlook, By Titanium Alloys (2024-2032) ($MN)
Table 14 Global Aerospace Cold Forgings Market Outlook, By Stainless Steel (2024-2032) ($MN)
Table 15 Global Aerospace Cold Forgings Market Outlook, By Nickel Alloys (2024-2032) ($MN)
Table 16 Global Aerospace Cold Forgings Market Outlook, By Manufacturing Process (2024-2032) ($MN)
Table 17 Global Aerospace Cold Forgings Market Outlook, By Cold Heading (2024-2032) ($MN)
Table 18 Global Aerospace Cold Forgings Market Outlook, By Precision Forging (2024-2032) ($MN)
Table 19 Global Aerospace Cold Forgings Market Outlook, By Multi-Stage Forging (2024-2032) ($MN)
Table 20 Global Aerospace Cold Forgings Market Outlook, By Application (2024-2032) ($MN)
Table 21 Global Aerospace Cold Forgings Market Outlook, By Airframe Components (2024-2032) ($MN)
Table 22 Global Aerospace Cold Forgings Market Outlook, By Structural Assemblies (2024-2032) ($MN)
Table 23 Global Aerospace Cold Forgings Market Outlook, By Landing Gear Systems (2024-2032) ($MN)
Table 24 Global Aerospace Cold Forgings Market Outlook, By Engine Parts (2024-2032) ($MN)
Table 25 Global Aerospace Cold Forgings Market Outlook, By Nacelle Components (2024-2032) ($MN)
Table 26 Global Aerospace Cold Forgings Market Outlook, By Other Applications (2024-2032) ($MN)
Table 27 Global Aerospace Cold Forgings Market Outlook, By End User (2024-2032) ($MN)
Table 28 Global Aerospace Cold Forgings Market Outlook, By Commercial Aviation (2024-2032) ($MN)
Table 29 Global Aerospace Cold Forgings Market Outlook, By Military & Defense (2024-2032) ($MN)
Table 30 Global Aerospace Cold Forgings Market Outlook, By UAVs & Drones (2024-2032) ($MN)
Table 31 Global Aerospace Cold Forgings Market Outlook, By Spacecraft & Satellites (2024-2032) ($MN)
Table 32 Global Aerospace Cold Forgings Market Outlook, By Other End Users (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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