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Aerospace Cold Forgings Market Revenue Growth On Track For A 10% CAGR Through 2030
The aerospace cold forgings market size has undergone rapid expansion in recent years. This market is set to increase from $4.09 billion in 2025 to $4.52 billion in 2026, achieving a compound annual growth rate (CAGR) of 10.4%. Historically, this growth can be ascribed to several factors, including increasing commercial aircraft production, a growing demand for lightweight aerospace components, rising defense aircraft procurement, an expansion of global air passenger traffic, and the increasing use of high-strength metal alloys.
The aerospace cold forgings market is projected to experience swift expansion in the coming years. By 2030, this market is anticipated to reach $6.62 billion, exhibiting a compound annual growth rate (CAGR) of 10.0%. This projected growth is driven by factors such as the development of next-generation aircraft, an increase in space exploration initiatives, ongoing aircraft fleet modernization efforts, a rising need for fuel-efficient aircraft, and greater investments in aerospace manufacturing capabilities. Key trends expected during this period involve the greater adoption of high-strength, lightweight forgings, an increasing need for precision cold forged aerospace parts, expanded use of titanium cold forgings, the wider application of near-net shape forging techniques, and enhanced production of fatigue-resistant aerospace components.
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Aerospace Cold Forgings Market Growth Factors Behind Sustained Expansion
An anticipated increase in commercial aircraft manufacturing is poised to fuel the expansion of the aerospace cold forgings market in the future. These aircraft are defined as fixed-wing planes specifically designed, approved, and utilized primarily by airlines or other civil aviation operators for the commercial transport of passengers or cargo. This surge in commercial aircraft production stems from a rise in global air passenger traffic, compelling airlines to enlarge their fleets and acquire additional planes to satisfy growing travel needs. Aerospace cold forgings play a crucial role in improving commercial aircraft manufacturing by facilitating the creation of robust, light, and precisely engineered parts. These components ultimately boost aircraft performance, extend durability, and enhance fuel efficiency, all while supporting efficient, high-volume production. For example, data from January 2024 by Airbus SE, an aerospace and defense corporation based in the Netherlands, indicated that 735 commercial aircraft were delivered in 2023, which represented an 11% rise compared to the deliveries in 2022. Consequently, the increased manufacturing of commercial aircraft is a key factor propelling the development of the aerospace cold forgings market.
Aerospace Cold Forgings Market Segment Analysis: What Are The Core Market Categories?
The aerospace cold forgings market covered in this report is segmented –
1) By Component Type: Shafts And Spindles, Landing Gear Components, Engine And Turbine Discs, Structural Fittings, Fasteners And Bolts, Rings And Flanges, Other Component Types
2) By Process Type: Single Stroke Forging, Multi Stroke Forging, Cold Heading, Precision Forging
3) By Material Type: Aluminum, Titanium, Steel, Other Material Types
4) By Application: Commercial Aviation, Military Aviation, General Aviation, Space
5) By End User: Original Equipment Manufacturers, Tier 1 And Tier 2 Suppliers, Maintenance Repair And Operations Service Providers, Defense And Government Procurement Agencies
Subsegments:
1) By Shafts And Spindles: Precision Shafts, Drive Spindles, Transmission Shafts, Rotor Shafts, Actuator Spindles
2) By Landing Gear Components: Landing Gear Struts, Landing Gear Axles, Landing Gear Trunnions, Landing Gear Actuators, Landing Gear Pins
3) By Engine And Turbine Discs: Compressor Discs, Turbine Discs, Fan Discs, Blisk Discs, Spacer Discs
4) By Structural Fittings: Wing Fittings, Fuselage Fittings, Bracket Fittings, Frame Fittings, Attachment Fittings
5) By Fasteners And Bolts: Aerospace Bolts, Aerospace Screws, Aerospace Rivets, Aerospace Nuts, Aerospace Studs
6) By Rings And Flanges: Sealing Rings, Retaining Rings, Mounting Flanges, Connecting Flanges, Support Rings
7) By Other Component Types: Bushings, Collars, Couplings, Connectors, Housings
Aerospace Cold Forgings Market Top Companies Driving Competitive Growth
Major companies operating in the aerospace cold forgings market report are IHI Corporation, Precision Castparts Corp., Thyssenkrupp AG, Howmet Aerospace Inc., Alcoa Corporation, ATI Inc., Aichi Steel Corporation, Safran Landing Systems, LISI S.A., VSMPO-AVISMA Corporation, Otto Fuchs KG, Bharat Forge Limited, AVIC Heavy Machinery Co. Ltd., Ellwood Group Inc., Magellan Aerospace Corporation, Doncasters Group Ltd., Forged Solutions Group, Farinia Group, Scot Forge Company, Wuxi Paike Special Steel Co. Ltd., Anchor-Harvey Components LLC, Trenton Forging Company, Queen City Forging Company, Kaiser Aluminum Corporation
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Aerospace Cold Forgings Market Global Footprint: Which Region Leads The Market?
North America was the largest region in the aerospace cold forgings market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aerospace cold forgings market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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