India Metal Forging Market by Product Type, Application, and End-Use: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025

Description

Persistence Market Research has recently published an extensive report on the India Metal Forging Market. This report offers a comprehensive analysis of the key market dynamics, including drivers, trends, opportunities, and challenges, providing deep insights into the market structure.

Key Insights:

India Metal Forging Market Size (2025E): USD 7.7 Bn
Projected Market Value (2032F): USD 12.8 Bn
India Market Growth Rate (CAGR 2025 to 2032): 7.4%

India Metal Forging Market - Report Scope:

The India Metal Forging Market encompasses a range of forged metal components utilized across industries such as automotive, aerospace, construction, and industrial manufacturing. The market includes various types of forging processes, including open die, closed die, and ring rolling forging. The industry's growth is driven by increasing demand for high-strength metal components, technological advancements in forging techniques, and the expansion of end-use industries. The market is significantly influenced by government initiatives promoting domestic manufacturing and infrastructure development, alongside the adoption of lightweight and high-performance materials in critical applications.

Market Growth Drivers:

Several key factors are driving the India Metal Forging Market. The rapid expansion of the automotive industry, coupled with increasing investments in infrastructure projects, has boosted the demand for forged metal parts. The rising focus on localization and domestic production in India, backed by government initiatives such as "Make in India" and "Atmanirbhar Bharat," has strengthened the market outlook. Additionally, advancements in forging technologies, including automation and precision forging, are enhancing productivity and reducing waste, making the process more efficient. The demand for high-strength, lightweight metal components in the aerospace and defense sectors is further driving market growth. Moreover, the increasing adoption of electric vehicles (EVs) is creating new opportunities for forged components in EV battery systems and lightweight vehicle structures.

Market Restraints:

Despite promising growth prospects, the India Metal Forging Market faces challenges related to fluctuating raw material prices and high energy consumption in forging processes. The industry is heavily dependent on the availability and cost of metals such as steel, aluminum, and titanium, which are subject to global price volatility. Environmental concerns related to carbon emissions from traditional forging operations pose another challenge, necessitating investment in eco-friendly and energy-efficient forging technologies. Additionally, competition from alternative manufacturing techniques, such as additive manufacturing (3D printing), could potentially impact the demand for conventional forging in certain applications.

Market Opportunities:

The market presents significant opportunities driven by the growing adoption of advanced forging materials, including alloyed steels, titanium alloys, and composites, which enhance component performance and durability. Increasing investments in smart manufacturing and Industry 4.0 technologies, such as IoT-enabled forging machinery and AI-driven quality control, are expected to improve production efficiency and reduce operational costs. The expansion of India's railway network, urban infrastructure projects, and defense manufacturing is further creating demand for forged components. Furthermore, partnerships between domestic and international forging companies are fostering technology exchange and enabling local players to enhance their capabilities in high-precision forging.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the India Metal Forging Market?
Which types of forging processes are leading the adoption across different industries?
How are technological advancements influencing the competitive landscape of the metal forging sector in India?
Who are the key players in the India Metal Forging Market, and what strategies are they employing to stay competitive?
What are the emerging trends and future prospects in the Indian metal forging industry?

Competitive Intelligence and Business Strategy:

Leading players in the India Metal Forging Market, including Bharat Forge Ltd., Ramkrishna Forgings, and MM Forgings Ltd., are focusing on technological advancements, strategic collaborations, and capacity expansion to gain a competitive edge. These companies are investing in R&D to develop high-performance forged components for industries such as automotive, aerospace, and energy. Collaborations with raw material suppliers and advancements in automation are enhancing efficiency and reducing production costs. Additionally, efforts towards sustainability, such as the adoption of energy-efficient forging techniques and recycling of metal scraps, are contributing to the industry's long-term growth.

Key Companies Profiled:

Bharat Forge Ltd.
CIE Automotive India
MM Forging Ltd.
Amtek Group
CHW Forge Pvt. Ltd.
Bill Forge Pvt. Ltd.
Unique Forging Pvt. Ltd.
Chennai Forge Products Pvt. Ltd.

India Metal Forging Market Industry Segmentation:

By Material

Carbon Steel
Alloy Steel
Stainless Steel
Others

By Technique

Close Die Forging
Open Die Forging
Ring Forging

By End User

Automotive
Aerospace and Defense
Railway
Industrial Machinery
Marine
Others

By Zone

North India
South India
East India
West India

Product Code: PMRREP35114

1. Executive Summary

1.1. India Metal Forging Market Snapshot, 2025 - 2032
1.2. Market Opportunity Assessment, 2025 - 2032, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. India Sectorial Outlook
- 2.3.2. India GDP Growth Outlook
- 2.3.3. India Automotive Market Outlook
- 2.3.4. India Railway Market Outlook
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Product Adoption Analysis
3.2. End User Assessment
3.3. Regulatory Landscape
3.4. Value Chain Analysis
- 3.4.1. List of Material Suppliers
- 3.4.2. List of Manufacturers
- 3.4.3. List of Distributors
- 3.4.4. Profitability Analysis
3.5. Key Deals and Mergers
3.6. PESTLE Analysis
3.7. Porter's Five Force Analysis
3.8. Geopolitical Tensions: Market Impact

4. Price Trend Analysis, 2019 - 2032

4.1. Key Highlights
4.2. Key Factors Impacting Product Prices
4.3. Pricing Analysis, By Products
4.4. Zonal Prices and Product Preferences

5. India Metal Forging Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)

5.1. Market Size (US$ Bn) Analysis and Forecast
- 5.1.1. Historical Market Size Analysis, 2019 - 2024
- 5.1.2. Current Market Size Forecast, 2025 - 2032
5.2. India Metal Forging Market Outlook: Material
- 5.2.1. Introduction / Key Findings
- 5.2.2. Historical Market Size (US$ Bn) Analysis By Material, 2019 - 2024
- 5.2.3. Current Market Size (US$ Bn) Forecast By Material, 2025 - 2032
  - 5.2.3.1. Carbon Steel
  - 5.2.3.2. Alloy Steel
  - 5.2.3.3. Stainless Steel
  - 5.2.3.4. Others
5.3. Market Attractiveness Analysis: Material
5.4. India Metal Forging Market Outlook: Technique
- 5.4.1. Introduction / Key Findings
- 5.4.2. Historical Market Size (US$ Bn) Analysis By Technology, 2019 - 2024
- 5.4.3. Current Market Size (US$ Bn) Forecast By Technology, 2025 - 2032
  - 5.4.3.1. Close Die Forging
  - 5.4.3.2. Open Die Forging
  - 5.4.3.3. Ring Forging
5.5. Market Attractiveness Analysis: Technique
5.6. India Metal Forging Market Outlook: End User
- 5.6.1. Introduction / Key Findings
- 5.6.2. Historical Market Size (US$ Bn) Analysis By End User, 2019 - 2024
- 5.6.3. Current Market Size (US$ Bn) Forecast By End User, 2025 - 2032
  - 5.6.3.1. Automotive
  - 5.6.3.2. Aerospace & Defense
  - 5.6.3.3. Railway
  - 5.6.3.4. Industrial Machinery
  - 5.6.3.5. Marine
  - 5.6.3.6. Others
5.7. Market Attractiveness Analysis: End User

6. India Metal Forging Market Outlook: Zone

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) Analysis, By Zone, 2019 - 2024
6.3. Current Market Size (US$ Bn) Forecast, By Zone, 2025 - 2032
6.4. Market Attractiveness Analysis: Zone

7. North India Metal Forging Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2024
- 7.3.1. By Material
- 7.3.2. Technology
- 7.3.3. By End User
7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Material, 2025 - 2032
- 7.4.1. Carbon Steel
- 7.4.2. Alloy Steel
- 7.4.3. Stainless Steel
- 7.4.4. Others
7.5. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025 - 2032
- 7.5.1. Close Die Forging
- 7.5.2. Open Die Forging
- 7.5.3. Ring Forging
7.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2025 - 2032
- 7.6.1. Automotive
- 7.6.2. Aerospace & Defense
- 7.6.3. Railway
- 7.6.4. Industrial Machinery
- 7.6.5. Marine
- 7.6.6. Others
7.7. Market Attractiveness Analysis

8. South India Metal Forging Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2024
- 8.3.1. By Material
- 8.3.2. Technology
- 8.3.3. By End User
8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Material, 2025 - 2032
- 8.4.1. Carbon Steel
- 8.4.2. Alloy Steel
- 8.4.3. Stainless Steel
- 8.4.4. Others
8.5. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025 - 2032
- 8.5.1. Close Die Forging
- 8.5.2. Open Die Forging
- 8.5.3. Ring Forging
8.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2025 - 2032
- 8.6.1. Automotive
- 8.6.2. Aerospace & Defense
- 8.6.3. Railway
- 8.6.4. Industrial Machinery
- 8.6.5. Marine
- 8.6.6. Others
8.7. Market Attractiveness Analysis

9. East India Metal Forging Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2024
- 9.3.1. By Material
- 9.3.2. Technology
- 9.3.3. By End User
9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Material, 2025 - 2032
- 9.4.1. Carbon Steel
- 9.4.2. Alloy Steel
- 9.4.3. Stainless Steel
- 9.4.4. Others
9.5. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025 - 2032
- 9.5.1. Close Die Forging
- 9.5.2. Open Die Forging
- 9.5.3. Ring Forging
9.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2025 - 2032
- 9.6.1. Automotive
- 9.6.2. Aerospace & Defense
- 9.6.3. Railway
- 9.6.4. Industrial Machinery
- 9.6.5. Marine
- 9.6.6. Others
9.7. Market Attractiveness Analysis

10. West India Metal Forging Market Outlook: Historical (2019 - 2024) and Forecast (2025 - 2032)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2024
- 10.3.1. By Material
- 10.3.2. Technology
- 10.3.3. By End User
10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Material, 2025 - 2032
- 10.4.1. Carbon Steel
- 10.4.2. Alloy Steel
- 10.4.3. Stainless Steel
- 10.4.4. Others
10.5. Current Market Size (US$ Bn) Analysis and Forecast, By Technology, 2025 - 2032
- 10.5.1. Close Die Forging
- 10.5.2. Open Die Forging
- 10.5.3. Ring Forging
10.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2025 - 2032
- 10.6.1. Automotive
- 10.6.2. Aerospace & Defense
- 10.6.3. Railway
- 10.6.4. Industrial Machinery
- 10.6.5. Marine
- 10.6.6. Others
10.7. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2025
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Dashboard
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Bharat Forge Ltd.
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Products
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. CIE Automotive India
- 11.3.3. MM Forging Ltd.
- 11.3.4. Amtek Group
- 11.3.5. CHW Forge Pvt. Ltd.
- 11.3.6. Bill Forge Pvt. Ltd.
- 11.3.7. Unique Forging Pvt. Ltd.
- 11.3.8. Chennai Forge Products Pvt. Ltd.

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations

India Metal Forging Market by Product Type, Application, and End-Use: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032