Aerospace & Defense Components · Direct
Monitoring · monthlyProcurement Category Intelligence
Aerospace Forgings
Overview
Market size
$6.0B
global, USD
CAGR
4.7%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
17
tracked players
Signals
12
monitored
Market outlook
2031$7.5B
What changed
Demand by region
North America demand40%
Europe demand30%
Asia Pacific demand20%
Middle East & Africa demand6%
Rest of world demand4%
share of global demandtotal 100%
Cost drivers
Raw materials (titanium, nickel, aluminum alloys)45%
Labor and specialized forging operations25%
Energy and heat treatment utility costs15%
Tooling, die maintenance, and quality testing10%
Logistics and outbound transport5%
share of delivered cost (analyst estimate)