India Metal Forging Market Size & Outlook, 2026-2033
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India metal forging market highlights
- The India metal forging market generated a revenue of USD 11,346.9 million in 2025 and is expected to reach USD 22,515.7 million by 2033.
- The India market is expected to grow at a CAGR of 8.8% from 2026 to 2033.
- In terms of segment, carbon steel was the largest revenue generating raw material in 2025.
- Aluminum is the most lucrative raw material segment registering the fastest growth during the forecast period.
Metal forging market data book summary
| Market revenue in 2025 | USD 11,346.9 million |
| Market revenue in 2033 | USD 22,515.7 million |
| Growth rate | 8.8% (CAGR from 2026 to 2033) |
| Largest segment | Carbon steel |
| Fastest growing segment | Aluminum |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbon Steel, Alloy Steel, Aluminum, Magnesium, Stainless Steel, Titanium, Others Raw Material |
| Key market players worldwide | ATI Inc, Green Brick Partners Inc, John Wood Group Plc, Nippon Steel Corp, Berkshire Hathaway Inc Class A, Larsen & Toubro Ltd DR |
Other key industry trends
- In terms of revenue, India accounted for 13.2% of the global metal forging market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China metal forging market is projected to lead the regional market in terms of revenue in 2033.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 48,437.5 million by 2033.
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Metal Forging Market Scope
Metal Forging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| John Wood Group Plc | View profile | 35000 | Hareness Road, Sir Ian Wood House, Altens Industrial Estate, Aberdeen, United Kingdom, AB12 3LE | https://www.woodplc.com |
| Green Brick Partners Inc | View profile | 600 | 5501 Headquarters Drive, Suite 300 W, Plano, TX, United States, 75024 | https://www.greenbrickpartners.com |
| ATI Inc | View profile | 7300 | 2021 McKinney Avenue, Dallas, TX, United States, 75201 | https://www.atimaterials.com |
| Larsen & Toubro Ltd DR | View profile | 330955 | Norottarn Morarjee Marg , L&T House, Ballard Estate, P. O. Box: 278, Mumbai, MH, India, 400 001 | https://www.larsentoubro.com |
| Berkshire Hathaway Inc Class A | View profile | 396500 | 3555 Farnam Street, Omaha, NE, United States, 68131 | https://www.berkshirehathaway.com |
| Nippon Steel Corp | View profile | 121990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | https://www.nipponsteel.com |
India metal forging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to metal forging market will help companies and investors design strategic landscapes.
Carbon steel was the largest segment with a revenue share of 43.34% in 2025. Horizon Databook has segmented the India metal forging market based on carbon steel, alloy steel, aluminum, magnesium, stainless steel, titanium, others raw material covering the revenue growth of each sub-segment from 2021 to 2033.
Metal forgings industry is a key contributor to the Indian economy. As per the Association of Indian Forging Industry, metal forgings industry had 38.5 lakh metric tons of installed capacity as of 2016-17, while total production in the same year accounted for 23.9 lakh metric tons.
Hot closed die forging accounted for the highest share of 63% in 2016-17, followed by open die, cold closed die, ring rolling, and others. The country exported around 25% of its metal forged products in 2016-17.
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Our clientele includes a mix of metal forging market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India metal forging market , including forecasts for subscribers. This country databook contains high-level insights into India metal forging market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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India metal forging market size, by raw material, 2021-2033 (US$M)
India Metal Forging Market Outlook Share, 2025 & 2033 (US$M)
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