North America Aerospace Forging Market Size & Outlook
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North America aerospace forging market highlights
- The North America aerospace forging market generated a revenue of USD 8,936.4 million in 2024.
- The market is expected to grow at a CAGR of 5.7% from 2025 to 2030.
- In terms of segment, aluminum was the largest revenue generating material in 2024.
- Titanium is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 8,936.4 million |
| Market revenue in 2030 | USD 12,377.1 million |
| Growth rate | 5.7% (CAGR from 2025 to 2030) |
| Largest segment | Aluminum |
| Fastest growing segment | Titanium |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, Titanium, Aluminum |
| Key market players worldwide | Arconic, Larsen & Toubro Ltd DR, Berkshire Hathaway Inc Class A, Kalyani Group, Jiangyin Hengrun Heavy Industries, Bharat Forge, Scot Forge, Ellwood Group |
Other key industry trends
- In terms of revenue, North America region accounted for 34.0% of the global aerospace forging market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 12,377.1 million by 2030.
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Aerospace Forging Market Scope
Aerospace Forging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ellwood Group | View profile | 1001-5000 | Ellwood City, Pennsylvania, United States, North America | http://ellwoodgroup.com |
| Scot Forge | View profile | 501-1000 | Spring Grove, Illinois, United States, North America | https://www.scotforge.com/ |
| Bharat Forge | View profile | 10001+ | Pune, Maharashtra, India, Asia | http://www.bharatforge.com/ |
| Jiangyin Hengrun Heavy Industries | View profile | 501-1000 | Jiangyin, Jiangsu, China, Asia | http://www.hrflanges.com |
| Kalyani Group | View profile | 251-500 | Pune, Maharashtra, India, Asia | http://www.kalyanigroup.com/index.asp |
| Larsen & Toubro Ltd DR | View profile | 330955 | Norottarn Morarjee Marg , L&T House, Ballard Estate, P. O. Box: 278, Mumbai, MH, India, 400 001 | https://www.larsentoubro.com |
| Berkshire Hathaway Inc Class A | View profile | 396500 | 3555 Farnam Street, Omaha, NE, United States, 68131 | https://www.berkshirehathaway.com |
| Arconic | View profile | 10001+ | Pittsburgh, Pennsylvania, United States, North America | https://www.arconic.com |
North America aerospace forging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerospace forging market will help companies and investors design strategic landscapes.
Aluminum was the largest segment with a revenue share of 66.93% in 2024. Horizon Databook has segmented the North America aerospace forging market based on steel, titanium, aluminum covering the revenue growth of each sub-segment from 2018 to 2030.
North America is one of the largest consumers of aerospace forged parts on account of high demand from tier 1 and tier 2 OEMs. In aerospace sector, forged components have a high demand in flanges, structures, landing gears, engine components, and transmission components, among others.
The impact of COVID 19 in the region is anticipated to affect the consumption trends of forged products in 2020. The coronavirus cases in the U.S. and Canada have severely affected the manufacturing industries of the countries.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America aerospace forging market , including forecasts for subscribers. This continent databook contains high-level insights into North America aerospace forging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America aerospace forging market size, by country, 2018-2030 (US$M)
North America Aerospace Forging Market Outlook Share, 2024 & 2030 (US$M)
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