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Aircraft Engine Forging Market Projected to Reach $6 Billion by 2031

Aircraft Engine Forging Market Projected to Reach $6 Billion by 2031
NEW YORK, Aug. 28, 2025 – The global aircraft engine forging market is on track for significant growth, with projections indicating the sector will approach a valuation of $6 billion by 2031. According to a recent report by The Insight Partners, the market, valued at $3.79 billion in 2024, is expected to expand at a compound annual growth rate (CAGR) of 6.84% from 2025 through 2031. This growth is primarily driven by increasing demand within the aviation industry.
Technological Advancements and Market Drivers
Innovations in forging techniques, including isothermal and precision die forging, are enabling manufacturers to produce components with tighter tolerances and more intricate geometries. These advancements reduce the necessity for additional machining, thereby enhancing production efficiency. Such developments are particularly important as the industry prioritizes the creation of lighter, more fuel-efficient engines for both commercial and military aircraft. Forged components are essential in ensuring the reliability and safety of engines operating under extreme conditions.
The market expansion is further supported by several key factors. Increased production of aircraft engines, the growing use of nickel-based superalloys in forging processes, and a heightened emphasis on fuel efficiency and emission reduction are all contributing to the sector’s robust growth. These elements collectively underscore the strategic importance of forging technologies in meeting evolving industry standards.
Emerging Trends and Industry Challenges
The report also identifies emerging trends that are shaping the future of the aircraft engine forging market. Technological progress in forging processes and the rising adoption of used serviceable material (USM) present new opportunities for market participants. Additionally, the development of next-generation aircraft is expected to influence market dynamics significantly in the coming years.
Despite these positive indicators, the industry faces several challenges. Persistent supply chain disruptions, escalating raw material costs, and stringent regulatory requirements pose potential risks to growth. In response, companies are anticipated to increase investments in advanced technologies to enhance operational efficiency and control expenses. Strategic moves such as mergers and acquisitions are likely to be employed to consolidate market positions, alongside ongoing innovation in forging techniques to sustain competitive advantage.
The comprehensive report offers an in-depth analysis of market trends, key players, and future opportunities, with a particular focus on applications poised to drive market strength. For further details, including access to a sample PDF of the report, interested parties can visit The Insight Partners’ website.
As the aviation sector continues to evolve, the aircraft engine forging market is expected to play a pivotal role in supporting the industry’s objectives of improved efficiency, reliability, and environmental responsibility.

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