Global Aircraft Engine Forging Market Experiences Significant Growth in Response to Aviation Industry Demand
The worldwide aircraft engine forging market is witnessing significant growth, according to a comprehensive report from The Insight Partners. With a projected CAGR of 6. 84% between 2025-2031, the market is expected to reach a value of US$5,966. 9 million by 2031, up from US$3,787. 2 million in 2024.
The demand for aircraft engine forging is being driven by a variety of factors, including the increasing demand for fuel efficiency and lightweight engines in response to the growing aviation industry. Advanced forging techniques, such as isothermal and precision die forging, allow for tighter tolerances and more complex geometries, reducing the need for further machining. This makes forged parts essential in modern engine designs, particularly in commercial and military aircraft.
The aerospace industry relies heavily on forging to ensure the reliability and safety of engines in demanding environments. As the production of aircraft engines continues to rise, along with the utilization of nickel-based superalloys in forging processes, and a focus on fuel efficiency and emissions reduction, the demand for aircraft engine forging is expected to increase. Technological advancements in forging processes and the use of used serviceable material (USM) also present opportunities for growth in the market. Additionally, the manufacturing of advanced next-generation aircraft is expected to be a key trend in the coming years.
The report provides in-depth analysis of market trends, key players, and future opportunities for the aircraft engine forging market. It focuses on various applications that are expected to drive market strength in the coming years.
Surge in Aircraft Engine Production Driving Demand
The rapid expansion of the commercial aviation industry, particularly in emerging economies, is driving the demand for new aircraft to support the increasing number of passengers. To improve fuel efficiency and reduce emissions, airlines are investing heavily in fleet modernization, which requires the latest generation of engines. This has led to a ramp up in engine production by manufacturers to meet the demand, resulting in a need for forgings that are known for their strength and reliability.
For example, Cirium’s data analysis has revealed a significant increase in aircraft engine production in 2025, driven by Original Equipment Manufacturers (OEMs) responding to supply chain shortages and rising demand for new deliveries and spares. GE Aerospace has increased output of its Leap engines by an estimated 15-20%, targeting a total of 1,650 engines, which could yield nearly 690 complete shipsets after accounting for spares. Meanwhile, RTX (Pratt & Whitney) has announced a 14% increase in large-commercial engine manufacturing, shifting slightly towards more engine installations over accumulating spares. The defense sector is also investing in upgrading and expanding its aircraft engine capabilities, further driving demand for forgings. Military aircraft require high-performance engine components forged from superior materials to withstand extreme operational conditions, making forging a vital manufacturing method.