India Casting and Forging Market Overview 

Market Size in 2024: USD 313.51 Million

Market Forecast in 2033: USD 498.16 Million

Market Growth Rate: 5.28% (2025-2033)

According to the latest report by IMARC Group, the India casting and forging market size was valued at USD 313.51 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 498.16 Million by 2033, exhibiting a CAGR of 5.28% from 2025-2033.

India Casting and Forging Industry Trends and Drivers:

India's castings and forgings market is a vibrant marketplace that has shown increasing growth with the technology adoption during manufacturing. It has transformed casting and forging process in industries like automobiles, aerospace, and machine tools, faced with increasing demand for high-performance components. In their quest for efficiency and precision, the sheet metal parts manufacturing companies would involve cutting-edge technologies, such as 3D printing and automated systems, to improve quality and cost of production. The future of these innovations in this field lies in further advancements in product durability and functionality towards achieving more sustainable processes of production.

The market of India casting and forging grows on demand from the automobile and aerospace sectors for manufacturing complex durable components. Increased demand in the automotive industry is borne out by the need for increasingly lightweight, strong parts to enable increased fuel efficiency and better performance of vehicles. As for the aerospace industry, its demand lies within the components meeting safety and performance requirements, and casting and forging lies at the much-appreciated manufacturing solutions. The expanding industrial base in India further fuels the demand for casting and forging services as the nation moves toward developing more infrastructure around manufacturing capabilities. Besides, the local increase in production capacities throws India into the orbit of meeting more internal and external market needs, shaping the market dynamics further.

It has also increased advanced material usage and conventional processes of manufacture at the India casting and forging market. They are turning otherwise into types of materials such as aluminum, steel, and even titanium that employ higher strength and durability, so appropriate for use in high-performance applications in both automotive and aerospace fields. Another aspect in helping manufacture intricate designs and features would involve coupling different manufacturing processes such as die casting, sand casting, and precision forging. These things are addressing not only the changing needs of end-use sectors but also ensuring specialized sales channels such as e-commerce and direct sales that are applied for improving an item coverage within a wider set of products. Thus, India is expected to be casted and forged for continued growth and innovation well into 2033.

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India Casting and Forging Industry Segmentation:

The report has segmented the market into the following categories:

Component Type Insights:

• Automotive
  • Engine Components
  • Transmission Components
  • Structural Components
  • Suspension Components
  • Exhaust System Components
  • Powertrain Components
  • Interior Components
  • Exterior Components
  • Others
• Aerospace
  • Safety Critical Structural Parts
  •  Non-Safety Critical Parts
• Arms and Defense
  •  Mobility
  •  Arms & Gear
• High-Performance Electronics and Automation
  • Heat Management
  •  Electronic-Housings
  •  Automation Structural Parts
• Food and Beverage
  •  Structural Components
  •  Functional Components

Material Type Insights:

• Aluminium Alloy 2xxx Series
• Aluminium Alloy 3xxx Series
• Aluminium Alloy 5xxx Series
• Aluminium Alloy 6xxx Series
• Aluminium Alloy 7xxx Series

Manufacturing Process Insights:

• Casting Process
  • Sand Casting
  • Die Casting
  • High Pressure Die Casting
  • Others
• Forging Process
  • Open Die Forging
  • Closed Die Forging
  • Upset Forging
  • Precision Forging
• Rheocasting Process
• Others

Sales Channel Insights:

• OEM
• Aftermarket

Regional Insights:

• North India
• South India
• East India
• West India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

India Casting and Forging Market News:

• In February 2025, Bharat Forge Ltd. and Liebherr-Aerospace & Transportation SAS announced partnership to establish a high-tech manufacturing facility in India. This investment includes a ring mill, advanced machining, and raw material processing to produce high-precision landing gear components, reinforcing Bharat Forge’s commitment to global aerospace industry demands and Liebherr’s customer base.
• In January 2025, Ramkrishna Forgings Limited announced board approval for a new casting project in Jamshedpur, designated as Plant 8, with a 30,000 metric ton annual capacity. Funded through debt and internal accruals, this expansion aims to strengthen its presence in automotive casting, offering a comprehensive product range to existing and new customers.

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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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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