The aircraft open die forging market is positioned for significant growth from 2025 to 2032, driven by increasing global demand for aircraft, advancements in forging technologies, and the rising need for high-strength, lightweight components. Open die forging is a vital manufacturing process in the aerospace sector, offering superior mechanical properties and structural integrity compared to other methods.

Market Size and Share

According to Stratview Research, the global Aircraft open die forging market size was USD 5.6 billion in 2024 and is projected to reach USD 7.6 billion in 2032, witnessing a market growth (CAGR) OF 3.6% during the forecast period. Commercial aviation continues to drive the majority of demand, fueled by rising passenger air travel, fleet modernization, and emerging low-cost carriers. Military aviation contributes significantly as defense forces worldwide seek advanced aircraft with durable, lightweight components. North America and Europe are expected to dominate the market due to the presence of leading aerospace manufacturers, while Asia-Pacific is anticipated to record the fastest growth owing to increasing aircraft production in China, India, and Japan.

Key Trends

Several trends are shaping the aircraft open die forging market:

1. Material Innovation – Growing adoption of titanium and nickel alloys to meet strength-to-weight ratio requirements.
2. Technological Advancements – Integration of automation, computer-aided design, and simulation to improve accuracy and reduce production costs.
3. Sustainability Initiatives – Increasing focus on reducing material wastage and adopting eco-friendly forging practices.
4. Rising Demand for Large Aircraft – Wide-body aircraft require larger forged components, stimulating demand for high-capacity forging equipment.

Competitive Landscape

The market is competitive, with key players including Allegheny Technologies Incorporated, Bharat Forge, Scot Forge, and Weber Metals. These companies are investing in advanced forging presses, global expansion, and partnerships with OEMs to secure long-term contracts. Strategic acquisitions and mergers are expected to further consolidate the industry.

Get Free Sample: https://www.stratviewresearch.com/Request-Sample/3519/aircraft-open-die-forging-market.html#form

Growth Opportunities

Emerging opportunities exist in developing lightweight forged components for next-generation aircraft, including electric and hybrid models. Additionally, the demand for aftermarket forged parts presents a steady revenue stream. Investments in forging facilities in Asia-Pacific and the Middle East will also create new avenues for growth.

Forecast and Conclusion

The aircraft open die forging market will likely expand at a healthy CAGR during 2025–2032. Factors such as increasing aircraft deliveries, rising defense budgets, and technological advancements will sustain this growth. Companies that embrace material innovation, expand global footprints, and invest in eco-friendly production methods will strengthen their position in the competitive landscape.