Global Aluminum Forging Market: Trends, Growth, and Forecast
The global aluminum forging market size is expected to reach USD 33.61 billion by 2030, registering a CAGR of 7.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for lightweight metal forgings in the aerospace & automotive industries is propelling the market growth. The process of forging involves pressing and squeezing metal under high pressure for manufacturing high-strength parts. Forged aluminum is preferable for applications that require high safety and performance along with lightweight for enhanced fuel efficiency and speed. Product penetration is increasing in the aerospace & defense industry as aircraft part manufacturers are shifting towards lightweight materials for developing components such as landing gears and engines to reduce aircraft weight. A lighter aircraft results in increased fuel efficiency, thereby improving airline profitability. Based on product, the market is segmented into ope...