Lucintel Forecasts the Global Aircraft Forging Market to reach $37 billion by 2035
According to a market report by Lucintel, the future of the global aircraft forging market looks promising with opportunities in the engine and airframe markets. The global aircraft forging market is expected to reach an estimated $37 billion by 2035 with a CAGR of 3.7% from 2026 to 2035. The major drivers for this market are the increasing demand for high-strength materials, the rising need for advanced manufacturing techniques, and the growing adoption of lightweight aerospace components.
A more than 150-page report to understand trends, opportunity and forecast in aircraft forging market to 2035 by aircraft type (commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation), material type (nickel, titanium, stainless steel, aluminum, and others), application (engine and airframe), end use (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the aircraft type category, commercial aircraft is expected to witness the highest growth over the forecast period due to increasing aircraft production, which boosts demand for high-strength forged components.
Within the application category, the engine is expected to witness higher growth due to high-temperature engine components that require durable, precision-forged aerospace materials.
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In terms of regions, North America is expected to witness the highest growth over the forecast period due to strong aerospace manufacturing and defense investments supporting sustained market growth.
Precision Castparts Corp., AVIC Heavy Machinery Co., Ltd., Howmet Aerospace, ATI Inc., Voestalpine AG, Forgital Group, Doncasters Group, Voestalpine BÖHLER Aerospace GmbH & Co KG, Aubert & Duval SAS, Otto Fuchs KG are the major suppliers in the aircraft forging market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] to get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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