The Global Aerospace Forged Parts Market was valued at USD 13.5 Billion in 2022 and is projected to reach USD 21.2 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2022–2030). This expansion is fueled by surging demand for commercial and military aircraft, advancements in lightweight materials like titanium and aluminum alloys, and the push toward sustainable manufacturing practices in the aerospace sector.

The USA market for the Global Aerospace Forged Parts market is estimated to increase from USD 4.5 Billion in 2022 to reach USD 7.2 Billion by 2030, at a CAGR of 6% during the forecast period of 2023 through 2030.

The China market for the Global Aerospace Forged Parts market is estimated to increase from USD 2.1 Billion in 2022 to reach USD 4.0 Billion by 2030, at a CAGR of 8.5% during the forecast period of 2023 through 2030.

The Europe market for the Global Aerospace Forged Parts market is estimated to increase from USD 3.8 Billion in 2022 to reach USD 5.9 Billion by 2030, at a CAGR of 5.6% during the forecast period of 2023 through 2030.

As the aerospace industry demands the highest standards for forged products used in everything from rockets to satellites, the need for reliable and durable components has never been greater. Quality is paramount, but so is innovation in forging techniques to meet the rigorous requirements of structural and engine applications. Companies in this space produce a wide array of parts, including disks, shafts, stepped shafts, couplers, impellers, liners, domes, nozzles, seamless rolled rings, bushings, bearing housings, bearings, cones, casings, sumps, plates, and other specialized shapes.

This report aims to provide a comprehensive presentation of the global market for Aerospace Forged Parts, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Aerospace Forged Parts. Key metrics include global revenue from 2018-2023 and forecasts to 2030 in millions of USD, sales volumes in kilotons, and the market share of the top five players in 2022.

As the aerospace sector evolves with stricter safety regulations and a focus on efficiency, the focus turns to the leading forgers who drive precision, durability, and cutting-edge materials. In this blog, we profile the Top 10 Companies in the Aerospace Forged Parts Industry—a mix of metallurgy experts, precision engineers, and innovation leaders building the foundation of global aviation.

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🔟 1. Arconic

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Aluminum and titanium alloy forged parts for engines and airframes

Arconic stands as a cornerstone in the aerospace forging landscape, delivering high-strength, lightweight components essential for aircraft performance. The company’s expertise lies in producing complex forgings that enhance fuel efficiency and structural integrity, serving major OEMs like Boeing and Airbus.

Innovation Initiatives:

• Development of high-performance aluminum-lithium alloys

• Strategic partnerships with leading airframers for custom forging solutions

• Investment in digital simulation tools for forging optimization

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9️⃣ 2. VSMPO-AVISMA Corporation

Headquarters: Verkhnyaya Salda, Russia
Key Offering: Titanium forgings for airframes and propulsion systems

VSMPO-AVISMA is the world’s largest producer of titanium, dominating the supply of forged titanium parts critical for aerospace applications. Their products, including billets and finished forgings, are integral to fighter jets, commercial airliners, and space vehicles.

Innovation Initiatives:

• Expansion of titanium sponge production capacity

• Collaboration on next-gen alloys for high-temperature environments

• Implementation of AI-driven quality assurance in forging lines

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8️⃣ 3. Allegheny Technologies Incorporated (ATI)

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Specialty alloys and forged components for engines and structures

ATI is renowned for its specialty materials and forging expertise, providing nickel-based superalloys and titanium forgings that withstand the harshest aerospace conditions. Their portfolio includes engine disks, shafts, and structural beams used in over 90% of commercial aircraft fleets.

Innovation Initiatives:

• Advanced powder metallurgy for near-net-shape forgings

• Partnerships with NASA for space-grade materials

• Sustainable manufacturing processes to lower carbon footprint

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7️⃣ 4. Avic Heavy Machinery

Headquarters: Beijing, China
Key Offering: Large-scale forgings for aircraft fuselages and landing gear

Avic Heavy Machinery, part of China’s Aviation Industry Corporation, excels in producing oversized forgings for wide-body aircraft and military transports. Their capabilities include forging rings and cylinders up to 100 tons, supporting China’s burgeoning aerospace ambitions.

Innovation Initiatives:

• Development of indigenous titanium forging technologies

• Expansion of forging capacity for next-gen commercial jets

• Integration of Industry 4.0 for smart manufacturing

Download FREE Sample Report: Aerospace Forged Parts Market – View in Detailed Research Report

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6️⃣ 5. Eramet Group

Headquarters: Paris, France
Key Offering: Manganese and titanium alloys for aerospace forgings

Eramet Group is a vital supplier of raw materials and semi-finished forgings, specializing in high-purity alloys for European aerospace leaders. Their titanium division supports engine and airframe production, with forgings used in Airbus A350 and Eurofighter programs.

Innovation Initiatives:

• Research into lightweight alloy alternatives

• Collaborations with EU research consortia for green metallurgy

• Enhancement of forging simulation software for defect reduction

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5️⃣ 6. Otto Fuchs KG

Headquarters: Meinerzhagen, Germany
Key Offering: Precision forgings for turbine engines and undercarriage

Otto Fuchs KG is a precision forging specialist, crafting components that power some of the world’s most advanced jet engines. Their open-die and closed-die forgings are renowned for superior fatigue resistance, serving suppliers to Rolls-Royce and Safran.

Innovation Initiatives:

• Additive manufacturing integration with traditional forging

• Development of creep-resistant alloys for high-thrust engines

• Energy-efficient forging presses for sustainability

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4️⃣ 7. ATI Metals

Headquarters: Albany, Oregon, USA
Key Offering: Forged nickel and titanium products for propulsion systems

ATI Metals, a segment of Allegheny Technologies, focuses on high-performance forgings for critical engine parts like compressor disks and shafts. Their expertise in vacuum arc remelting ensures impurity-free materials that enhance engine longevity.

Innovation Initiatives:

• Advanced heat treatment processes for improved ductility

• Joint ventures for exotic alloy development

• Digital twins for predictive forging maintenance

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3️⃣ 8. Mettis Aerospace

Headquarters: Worcester, United Kingdom
Key Offering: Closed-die forgings for aerostructures and engines

Mettis Aerospace delivers bespoke forgings optimized for weight savings and performance, specializing in aluminum and steel components for wing structures and landing gear. As part of the TrifForging Group, they leverage European manufacturing excellence to serve Airbus and BAE Systems.

Innovation Initiatives:

• Lightweight forging designs for electric vertical takeoff vehicles

• Partnerships with UK universities for material testing

• Implementation of IoT for real-time forging monitoring

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2️⃣ 9. Scot Forge

Headquarters: Spring Grove, Illinois, USA
Key Offering: Custom open-die forgings for airframes and propulsion

Scot Forge is a go-to provider for large, custom forgings, producing components like bulkheads and engine casings for heavy-lift aircraft. Their 80,000-ton press capability handles the biggest challenges in aerospace, ensuring parts are forged from premium steels and alloys.

Innovation Initiatives:

• Large-scale forging for space launch vehicles

• Advanced non-destructive testing methods

• Collaborative R&D with U.S. defense contractors

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1️⃣ 10. Precision Castparts Corp (PCC)

Headquarters: Portland, Oregon, USA
Key Offering: Investment cast and forged parts for turbines and structures

Precision Castparts Corp, now under Berkshire Hathaway, leads in integrated forging and casting solutions, supplying complex parts for jet engines and airframes. Their Wyman-Gordon division specializes in high-precision forgings used in F-35 fighters and Boeing 787s.

Innovation Initiatives:

• Hybrid forging-casting processes for complex geometries

• Expansion into additive-enhanced forgings

• Global sustainability programs for energy reduction

Read Full Report: Aerospace Forged Parts Market – View in Detailed Research Report

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🌍 Outlook: The Future of Aerospace Forged Parts Is Stronger and More Efficient

The aerospace forged parts market is experiencing transformative growth. Traditional forging methods continue to evolve with digital tools and advanced materials, enabling lighter, more durable aircraft that meet rising performance standards.

📈 Key Trends Shaping the Market:

• Adoption of advanced alloys and near-net-shape forging to cut weight and waste

• Integration of AI and simulation for precise manufacturing and quality control

• Supply chain localization to mitigate geopolitical risks

• Growth in space and defense sectors driving demand for specialized forgings

Read Full Report: Aerospace Forged Parts Market – View in Detailed Research Report

The companies listed above are not only structuring global aviation—they’re pioneering the next era of aerospace engineering.