Aerospace Cold Forgings Market
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
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
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
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
1 Global Aerospace Cold Forgings Market Outlook, By Region (2024-2032) ($MN)
2 Global Aerospace Cold Forgings Market Outlook, By Type (2024-2032) ($MN)
3 Global Aerospace Cold Forgings Market Outlook, By Custom Forging (2024-2032) ($MN)
4 Global Aerospace Cold Forgings Market Outlook, By Captive Forging (2024-2032) ($MN)
5 Global Aerospace Cold Forgings Market Outlook, By Catalog Forging (2024-2032) ($MN)
6 Global Aerospace Cold Forgings Market Outlook, By Product Type (2024-2032) ($MN)
7 Global Aerospace Cold Forgings Market Outlook, By Closed Die Forgings (2024-2032) ($MN)
8 Global Aerospace Cold Forgings Market Outlook, By Open Die Forgings (2024-2032) ($MN)
9 Global Aerospace Cold Forgings Market Outlook, By Rolled Ring Forgings (2024-2032) ($MN)
10 Global Aerospace Cold Forgings Market Outlook, By Material Type (2024-2032) ($MN)
11 Global Aerospace Cold Forgings Market Outlook, By Aluminum Alloys (2024-2032) ($MN)
12 Global Aerospace Cold Forgings Market Outlook, By Steel Alloys (2024-2032) ($MN)
13 Global Aerospace Cold Forgings Market Outlook, By Titanium Alloys (2024-2032) ($MN)
14 Global Aerospace Cold Forgings Market Outlook, By Stainless Steel (2024-2032) ($MN)
15 Global Aerospace Cold Forgings Market Outlook, By Nickel Alloys (2024-2032) ($MN)
16 Global Aerospace Cold Forgings Market Outlook, By Manufacturing Process (2024-2032) ($MN)
17 Global Aerospace Cold Forgings Market Outlook, By Cold Heading (2024-2032) ($MN)
18 Global Aerospace Cold Forgings Market Outlook, By Precision Forging (2024-2032) ($MN)
19 Global Aerospace Cold Forgings Market Outlook, By Multi-Stage Forging (2024-2032) ($MN)
20 Global Aerospace Cold Forgings Market Outlook, By Application (2024-2032) ($MN)
21 Global Aerospace Cold Forgings Market Outlook, By Airframe Components (2024-2032) ($MN)
22 Global Aerospace Cold Forgings Market Outlook, By Structural Assemblies (2024-2032) ($MN)
23 Global Aerospace Cold Forgings Market Outlook, By Landing Gear Systems (2024-2032) ($MN)
24 Global Aerospace Cold Forgings Market Outlook, By Engine Parts (2024-2032) ($MN)
25 Global Aerospace Cold Forgings Market Outlook, By Nacelle Components (2024-2032) ($MN)
26 Global Aerospace Cold Forgings Market Outlook, By Other Applications (2024-2032) ($MN)
27 Global Aerospace Cold Forgings Market Outlook, By End User (2024-2032) ($MN)
28 Global Aerospace Cold Forgings Market Outlook, By Commercial Aviation (2024-2032) ($MN)
29 Global Aerospace Cold Forgings Market Outlook, By Military & Defense (2024-2032) ($MN)
30 Global Aerospace Cold Forgings Market Outlook, By UAVs & Drones (2024-2032) ($MN)
31 Global Aerospace Cold Forgings Market Outlook, By Spacecraft & Satellites (2024-2032) ($MN)
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.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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