The Indian metal forging market is experiencing significant expansion, propelled by growing manufacturing activity across automotive, aerospace, power generation, oil & gas, and general engineering sectors. Metal forging is a vital process for producing high-strength, reliable components such as crankshafts, connecting rods, turbine blades, gear shafts, and structural components, underpinning critical infrastructure and mobility systems. As India’s industrial policy emphasises “Make in India”, increased investment in manufacturing ecosystems, adoption of higher-specification forged components, and export focus are driving demand.The India Metal Forging market is projected to grow significantly from 10.9 USD Billion in 2024 to 26.5 USD Billion by forging industry forcast for india
One key demand driver is the automotive sector, where forged components are essential for engine and transmission parts, differential shafts and chassis systems. With rising vehicle production, increased penetration of SUVs and heavy-commercial vehicles, and a shift toward localisation of high-value components, the forging industry has strong momentum. The switch to electric vehicles creates new demand for aluminium and specialty alloy forgings for battery casings, e-motors and lightweight structural parts.
Another important growth engine is the oil & gas / power generation segment. India’s ongoing infrastructure growth includes pipelines, offshore platforms, wind turbines and thermal power plants—all requiring forged components with high fatigue strength, material integrity and dimensional accuracy. Engineering structures in defence and aerospace add further impetus, especially as India emphasizes indigenous manufacturing and export opportunities.
Material types are a key segmentation dimension: ferrous forgings (carbon steel, alloy steel, stainless steel) dominate by volume due to their strength, affordability and widespread use. Non-ferrous forgings (aluminium, magnesium, titanium) are gaining ground for lightweight applications, high-temperature service, and niche sectors such as aerospace and EVs. Aluminium forgings are particularly relevant in the EV ecosystem because of the need to reduce vehicle weight and enhance efficiency.
By forging type, open-die forging is common for large components (wind turbine shafts, power plant rotors), while closed-die forging is widespread in high-volume, mid-sized automotive parts. Precision forging and seamless rolled ring forgings are niche but growing for aerospace and defence applications. Surface integrity, tight tolerances, and material certification requirements are influencing manufacturing techniques.
Regionally within India, forging clusters in states such as Maharashtra, Gujarat, Tamil Nadu, Karnataka and Uttar Pradesh are supporting industry growth. These states benefit from proximity to automotive hubs, port infrastructure and raw material supply. Export orientation is increasing as Indian manufacturers seek global markets, supported by free-trade agreements and competitive cost base.