The aerospace forging market has recorded strong momentum in recent years and is expected to continue expanding through the end of the decade. Industry estimates project the market will rise from $36.03 billion in 2025 to $38.82 billion in 2026, reflecting a compound annual growth rate (CAGR) of 7.7%. Growth is being supported by increasing use of precision-forged parts in critical aircraft structures, as well as higher demand for forged components across both commercial and defence aviation platforms. The market has also benefited from wider adoption of seamless rolled ring forging for high-performance engine applications and continued reliance on forged parts that meet strict aerospace safety and reliability requirements.
Looking ahead, the global aerospace forging market is projected to reach $52.78 billion by 2030, expanding at a CAGR of 8% from 2026 onward. This growth outlook is being driven by rising demand for lightweight yet high-strength components that support improved aircraft efficiency and performance. In addition, advancements in forging technologies are helping manufacturers achieve tighter dimensional accuracy while reducing material waste. Expansion of global aircraft production capacity and fleet modernization programs are expected to further increase demand for forged aerospace parts, particularly those made using high-temperature alloys. Automation in forging operations is also accelerating, supporting production scalability and process consistency.
Market observers note that the rise in aircraft production is a significant contributor to demand. Aircraft orders increased sharply in 2023, with total orders up 91%, led by a 78% increase in single-aisle orders and a 169% surge in widebody orders. These production trends are strengthening the outlook for suppliers of forged components across the global aerospace value chain.
Partnerships and technology collaborations are also shaping market development. Alliances such as the collaboration between Jiuli and SMS group are contributing to the introduction of new materials and next-generation manufacturing systems aligned with aerospace requirements for lighter, stronger, and more heat-resistant parts. Technologies such as advanced hydraulic radial forging equipment are expanding production capability for complex aerospace applications.
The market is also seeing continued consolidation as companies pursue scale and precision engineering strength. In 2025, Pursuit Aerospace Inc. acquired Larson Forgings, Inc. to expand capabilities, including seamless rolled ring output, and strengthen its position in aerospace and defence manufacturing. The move reflects a broader industry trend where acquisitions are used to enhance product depth and strengthen global customer support.
North America is expected to remain the largest aerospace forging market in 2025, while Asia-Pacific is forecast to record the fastest growth. The market continues to be influenced by global trade and tariff uncertainty, which can affect input costs and delivery timelines, while also encouraging increased local manufacturing to reduce supply chain exposure.
