Press release
India Metal Forging Market Report 2025: Size, Share, Growth Insights, Key Players and Forecast, 2033
India Metal Forging Market 2025-2033
How Big is the India Metal Forging Market?
The India metal forging market size reached USD 3.36 Billion in 2024. Looking ahead, the market is expected to reach USD 6.01 Billion by 2033, growing at a compound annual growth rate (CAGR) of 6.18% during the period from 2025 to 2033.
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 3.36 Billion
Market Size in 2033: USD 6.01 Billion
Market Growth Rate (CAGR) 2025-2033: 6.18%
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India Metal Forging Market Trends and Drivers:
The India metal forging market is seeing significant growth with increasing demand in major end-use industries like automotive, aerospace, construction, and oil & gas driving the sector. Constant government efforts on infrastructure growth, especially through programs like "Make in India" and the National Infrastructure Pipeline, have also stimulated demand for forged products.
Essentially, forged metals possess higher strength, durability, and resistance to fatigue, making them extremely appealing for applications involving bearing loads. Urbanization at a fast pace and growth of industrial production houses are also lending strength to the demand for forged products across industries. Besides, the pressure to use lightweight automotive components and growing use of electric vehicles are forcing producers to seek advanced forging methods for aluminum and other light metals.
Further, the growing interest in renewable energy infrastructure, particularly wind and solar power initiatives, is likely to play a major role in boosting market growth. Forged pieces play a vital role in the manufacturing of heavy-duty machines like windmill shafts and structural supports. Also, the increase in the export of forged items from India to Europe, North America, and Southeast Asia has prompted local forging houses to install modern automated and precision-based technologies in their facilities.
Essentially, the combination of digital tools, CNC equipment, and simulation-based forging processes is enhancing efficiency in operations and reducing waste material. The consistent post-pandemic recovery of the auto industry, coupled with growing demand for commercial vehicles and defense equipment, remains a driving force. Further, the trend towards localized sourcing and supply chain resilience is opening up new avenues for domestic forging manufacturers, as customers look for quality components with shorter lead times.
India Metal Forging Market Report and Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India metal forging market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Material Insights:
• Carbon Steel
• Alloy Steel
• Stainless Steel
• Others
Technique Insights:
• Close Die Forging
• Open Die Forging
• Ring Forging
Installation Capacity Insights:
• Small (100 MT to 12,500 MT)
• Medium (12,500 to 30,000 MT)
• Heavy (Above 30,000 MT)
End User Insights:
• Automotive
• Aerospace and Defense
• Railway
• Industrial Machinery
• Marine
• Others
Regional Insights:
• North India
• South Inia
• East India
• West India
Contact Our Analysts for Brochure Requests, Customization, and Inquiries Before Purchase: https://www.imarcgroup.com/request?type=report&id=30691&flag=C
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key highlights of the Report:
• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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India Rechargeable Battery Market Report: https://www.imarcgroup.com/india-rechargeable-battery-market/requestsample
India Cement Board Market Report: https://www.imarcgroup.com/india-cement-board-market/requestsample
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About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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