To provide a carbon fiber Ti--Al composite material having hardness, heat resistance and abrasion resistance, having reduced weight, improved strength, elastic modulus and thermal conductivity and being excellent in the uniformity of the quality.A carbon fiber Ti--Al composite material which is prepared by pressure impregnating a molded product containing fine carbon fibers having a fiber diameter of from 0.5 to 500 nm and a carbon length of at most 1,000 .mu.m and having a hollow-structured central axis, carbon long fibers having a fiber diameter of from 5 to 15 .mu.m and a titanium powder or a titanium oxide powder, with aluminum or an aluminum alloy by molten metal forging.