China Aerospace Forging Market Size & Outlook, 2025-2030
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China aerospace forging market highlights
- The China aerospace forging market generated a revenue of USD 4,128.7 million in 2024 and is expected to reach USD 5,794.5 million by 2030.
- The China market is expected to grow at a CAGR of 6% 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.
Aerospace forging market data book summary
| Market revenue in 2024 | USD 4,128.7 million |
| Market revenue in 2030 | USD 5,794.5 million |
| Growth rate | 6% (CAGR from 2025 to 2030) |
| Largest segment | Aluminum |
| Fastest growing segment | Titanium |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, China accounted for 15.7% of the global aerospace forging market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China aerospace forging market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,794.5 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 |
China 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 56.93% in 2024. Horizon Databook has segmented the China aerospace forging market based on steel, titanium, aluminum covering the revenue growth of each sub-segment from 2018 to 2030.
China is the largest producer and consumer of forged products globally. It accounted for 14.9% of the global revenue share in 2019 and is projected to advance at a CAGR of 4.2% from 2020 to 2027.
China exports a large number of forged products to American and European markets. However, low profit margin and high cost of machinery have impacted the small & medium sized forging businesses in the recent past.
China is the epicenter of corona virus outbreak in 2020. Being a leading manufacturing hub in the world, it is likely to witness sizable impact over the short term. Due to weakened demand, inventory stock increasing in the country for steel and other metal products.
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Horizon Databook provides a detailed overview of country-level data and insights on the China aerospace forging market , including forecasts for subscribers. This country databook contains high-level insights into China aerospace forging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China Material - Aerospace Forging Market size, 2024 - 2030 (US$M)
China Aerospace Forging Market Outlook Share, 2024 & 2030 (US$M)
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