India’s Metal Forging Industry Set for
Major Expansion by 2032
The India metal forging market is set to grow from US$ 7.7 billion in 2025 to US$ 12.8 billion by 2032, registering a CAGR of 7.4%. Driven by the automotive and aerospace industries, the demand for lightweight yet strong forged materials like aluminum and titanium is rising. South India is expected to lead with 40% market share in 2025, fueled by a strong automotive presence. Carbon steel, known for its durability and affordability, will dominate with a 55% share, while open die forging will hold 42% of the market. Government initiatives like Make in India and PLI schemes are further propelling the industry's expansion.
India's metal forging industry is poised for substantial growth over the next decade. As the country continues to industrialize and expand its manufacturing capabilities, the demand for highperformance metal forged products is set to surge. With significant investments in infrastructure, automotive, aerospace, and energy sectors, India is positioned to become a global leader in metal forging by 2032. In this article, we explore the drivers of this growth, the role of key technologies, and the sectors that will benefit the most from this expansion.
India’s Metal Forging Industry: A Rapid Growth Trajectory
India’s metal forging market has experienced consistent growth in recent years, driven by a growing industrial base, increased demand for durable metal components, and technological advancements. As a country that is heavily focused on manufacturing and infrastructure, metal forging is a key part of India’s industrial ecosystem.
Forged products, including automotive components, machine parts, aerospace equipment, and heavy-duty machinery components, are essential for supporting the nation’s fast-growing manufacturing sectors. These products are made from a variety of metals, including steel, aluminum, and titanium, depending on their application and desired properties.
The Indian metal forging market is expected to witness robust growth, with an increasing focus on developing advanced forging techniques, enhancing productivity, and meeting the needs of industries with complex requirements. By 2032, the Indian metal forging industry is set to expand significantly, both in terms of output and technological innovation.
Key Factors Driving Growth in India’s Metal Forging Market
Several key factors are driving the rapid expansion of India's metal forging market. These include economic growth, technological advancements, sectoral demand, and government initiatives to boost manufacturing. Let’s explore these factors in detail:
1. Surge in Demand from the Automotive Industry
The automotive industry remains one of the largest consumers of forged metal products. With India becoming one of the largest automotive manufacturing hubs globally, the demand for forged components such as crankshafts, connecting rods, gear shafts, and wheel hubs is expected to rise substantially.
As both domestic and international automotive manufacturers ramp up production to meet the growing consumer demand, metal forging will play an essential role in producing high-strength, lightweight components necessary for modern vehicles. The increasing adoption of electric vehicles (EVs) and hybrid vehicles also opens up new opportunities for metal forging suppliers, as these vehicles require specialized components that demand precision forging techniques.
India’s automotive market is projected to continue expanding, and this growth will inevitably drive the demand for metal forging products.
2. Infrastructure Development Boosts Demand for Forged Components
India’s aggressive infrastructure development, including roads, bridges, railways, and urban infrastructure projects, is a critical factor in the expansion of the metal forging industry. Forged components, such as structural beams, rails, and heavy machinery parts, are essential to the construction and maintenance of large infrastructure projects.
With the Indian government’s focus on boosting infrastructure under initiatives like "Make in India" and "Smart Cities," the demand for high-strength forged materials will only increase. The demand for steel, aluminum, and other materials suitable for forging will rise as the construction sector grows.
Moreover, India’s increasing investment in renewable energy projects, including wind and solar power, will also contribute to the demand for specialized forged components used in power generation systems.
3. Technological Advancements in Forging Methods
Advancements in forging technologies are set to transform the metal forging industry in India. New techniques such as precision forging, 3D printing of dies, and automated forging processes are enhancing the quality and efficiency of the forging process. These technologies enable the production of complex and lightweight components with high strength-to-weight ratios.
Precision forging, in particular, is gaining traction in industries such as aerospace, automotive, and defense, where high tolerance and performance are critical. Automation and artificial intelligence (AI) integration in forging processes also promise to improve efficiency, reduce costs, and enhance product quality. As the industry adopts more advanced technologies, India’s metal forging capabilities will improve, enabling manufacturers to cater to global markets with even higher standards.
4. Growing Aerospace and Defense Sectors
India’s aerospace and defense industries are key drivers of demand for metal forgings, particularly high-strength alloys used in aircraft, military equipment, and defense technology. The country’s
growing aerospace industry, with several key players in both commercial and defense aviation, relies heavily on metal forging for components such as turbine blades, compressor discs, and landing gears.
As India continues to invest in modernizing its defense forces and boosting indigenous aerospace manufacturing, the demand for forged metal components will increase significantly. Open die forging, in particular, is crucial for producing large, complex aerospace components that meet stringent quality standards.
5. Increased Export Opportunities
India has established itself as a global player in the manufacturing industry, and its metal forging market is no exception. The country has a competitive advantage in terms of cost-effective labor, technological capabilities, and raw materials, which allows it to supply high-quality forged products at competitive prices.
As global demand for forged components rises—particularly in the automotive, aerospace, and energy sectors—India is poised to expand its export market. Many international companies are already sourcing forged components from India due to the country’s strong industrial base and growing forging capabilities. With increased investment in infrastructure and technological advancements, India’s export potential in the forging market is expected to grow significantly by 2032.
Sectors That Will Benefit from India’s Metal Forging Growth
India’s forging industry expansion will not only support existing sectors but will also fuel the growth of emerging industries. Let’s look at some of the key sectors that stand to benefit:
Automotive Sector
The automotive sector is the largest consumer of forged metal products. As India’s automotive industry continues to grow, so too will the demand for forged components. High-strength, lightweight materials are critical for improving fuel efficiency and meeting environmental regulations. Moreover, the shift toward electric vehicles presents new opportunities for specialized forged components, such as battery housing and motor components.
Energy Sector
The energy sector, particularly renewable energy, is driving the demand for metal forging. Forged components are essential for manufacturing turbine blades, shafts, and other power generation parts. As India invests in renewable energy infrastructure, the demand for forged components for wind and solar power systems is set to grow significantly.
Aerospace & Defense
With India’s increasing focus on indigenous defense production and aerospace technologies, the demand for high-quality, precision-forged components is expected to soar. Open die forging and precision forging are crucial for the production of turbine blades, compressor parts, and military equipment used in aviation and defense applications.
Construction and Heavy Equipment
As India invests in infrastructure projects, the demand for forged components used in heavy machinery, such as construction equipment and mining equipment, is expected to grow. Structural
components like beams, shafts, and gears are essential for building and maintaining large machines used in construction.
Conclusion
India’s metal forging industry is set for a major expansion by 2032, driven by a confluence of factors such as increasing demand from the automotive, aerospace, energy, and infrastructure sectors. Technological advancements, a strong export market, and growing industrialization will propel India to the forefront of the global metal forging market.
With the Indian government’s commitment to boosting manufacturing and infrastructure, the demand for high-quality, durable forged products will continue to rise. As India embraces technological innovation and invests in modern forging techniques, the future of the metal forging industry looks promising, with significant growth expected in the years to come.