The India metal forming equipment market size was valued at USD 0.89 billion in 2025 and is estimated to grow from USD 0.95 billion in 2026 to reach USD 1.24 billion by 2031, at a CAGR of 5.47% during the forecast period (2026-2031). The India metal forming equipment market is supported by higher capital goods output and continued public investment in industrial capacity. This report is segmented by Equipment Type (Press Machines, Press Brakes, Forging, Roll Forming, Wire/Tube, Extrusion, Hydroforming), by Forming Process (Stamping, Deep Drawing, Bending, and More), by Material (Carbon Steel, Stainless Steel, Aluminum, Copper), and by End-Use Industry (Automotive, Aerospace, Industrial Machinery, and More). The Market Forecasts are Provided in Terms of Value (USD).
Other drivers and restraints analyzed in the detailed report include:
Press brakes and bending machines are the second-largest equipment type. Servo and electric variants are gaining attention because they can reduce energy use by 30% to 50% versus hydraulic models. Forging equipment remains important for automotive, defense, and railway applications. The India metal forming equipment industry needs these systems for parts that require high strength and repeatable quality. Hydroforming equipment is expected to benefit from the greater structural complexity of EV platforms. Roll-forming equipment serves structural steel and pre-engineered building requirements. Wire and tube equipment supports component suppliers that need shaped sections and finished tubular products. Extrusion equipment supports specialized profiles and material-efficient manufacturing. The Construction and Infrastructure Equipment scheme announced in FY2026-27 may support orders for large-tonnage presses and forging lines. Together, these equipment categories widen the addressable demand base beyond vehicle stamping.
Stamping and punching accounted for 27.5% of the India metal forming equipment market share in 2025. The process supports automotive body panels and white goods production. High throughput makes it essential for volume manufacturing programs. Legacy mild-steel lines continue to operate at high utilization for established vehicle models. New vehicle programs are moving toward servo press lines for advanced high-strength steel. Deep drawing holds the second-largest process position. It supports consumer appliances, pressure vessels, and cookware. Bending remains widely used in construction and general fabrication. Forging provides shaped parts for demanding transport and industrial applications. Rolling and roll forming continue to support structural sections and building systems.
Hydroforming is forecast to grow at an 8.5% CAGR from 2026 to 2031. EV platforms use lightweight tubular members that can be made in one hydroforming operation. This can reduce the need for several stampings and welded assemblies in the India metal forming equipment market. The India metal forming equipment market benefits when vehicle architectures use these integrated components. Forging demand is also supported by defense manufacturing. Defense production reached USD 21.2 billion in FY2025-26. Aerospace structures and land-vehicle drive trains need precise forged components. Rolling and roll forming serve the structural steel and pre-engineered building sector. The National Infrastructure Pipeline covered projects valued at USD 2.21 trillion as of April 2026. This mix links forming-process demand to both transport and infrastructure activity.
India Metal Forming Equipment Market Trends and Insights
Automotive and EV Platform Localization
EV localization is increasing demand for high-tonnage presses, servo transfer lines, and aluminum forming cells in the India metal forming equipment market. The PLI-Auto scheme has attracted USD 4.24 billion in cumulative investment through September 2025. The program had also generated 48,974 direct jobs by that point. Its 50% domestic value addition requirement encourages OEMs and tier-I suppliers to expand domestic forming capability. The FY2026-27 Union Budget increased the PLI-Auto allocation by 111% year over year to USD 707 million. This need for flexible blank handling favors lines that can process steel grades and aluminum on the same production line.Bharat NCAP Adoption of Hot-Stamped Structures
Bharat NCAP has increased the importance of hot stamping for vehicle body structures. Hot-stamped content in Indian-made passenger vehicles reached 60 kg, compared with 10 kg 6 years earlier. The material is being used in B-pillars and door intrusion beams, including in B-segment cars. Hot stamping represented 15% of the average body-in-white structure. AM/NS India commissioned a continuous galvanizing line for high-strength automotive steel in 2025. The India metal forming equipment market, therefore, has demand for servo-controlled hot-stamping presses, quenching dies, and transfer automation.High Capital Cost and Extended Payback
Capital access limits modernization among many micro and small press shops. Servo and hot-stamping lines can cost more than USD 2 million. These systems remain difficult for SMEs to purchase under constrained credit terms. The Credit Linked Capital Subsidy Scheme provides a 15% upfront subsidy on institutional finance of up to USD 119,000. The maximum subsidy ceiling is USD 17,900, which does not cover the cost of servo presses or multi-station transfer lines. Press guarding requirements and certification costs add to the payback burden for smaller buyers.Other drivers and restraints analyzed in the detailed report include:
- CNC and Servo Automation Investment
- Import Substitution and China Plus One Sourcing
- Skilled Tool and Die Labor Shortage
Segment Analysis
Press machines held 39.5% of the India metal forming equipment market share in 2025. This category remains central to automotive body production and general engineering work in the India metal forming equipment market. Servo presses are forecast to grow at an 8.2% CAGR through 2031. They allow variable stroke velocities for advanced high-strength steel blanks. This capability matters for vehicle structures that need greater strength and consistent dimensional control. Mechanical presses remain important by unit count in northern and central India. SME fabricators use them for agricultural equipment and general engineering work. Their lower cost suits applications where servo payback remains difficult. Hydraulic presses retain a role in structural fabrication, extrusion, and deep drawing. These applications require steady force and support demand across industrial machinery and energy projects.Press brakes and bending machines are the second-largest equipment type. Servo and electric variants are gaining attention because they can reduce energy use by 30% to 50% versus hydraulic models. Forging equipment remains important for automotive, defense, and railway applications. The India metal forming equipment industry needs these systems for parts that require high strength and repeatable quality. Hydroforming equipment is expected to benefit from the greater structural complexity of EV platforms. Roll-forming equipment serves structural steel and pre-engineered building requirements. Wire and tube equipment supports component suppliers that need shaped sections and finished tubular products. Extrusion equipment supports specialized profiles and material-efficient manufacturing. The Construction and Infrastructure Equipment scheme announced in FY2026-27 may support orders for large-tonnage presses and forging lines. Together, these equipment categories widen the addressable demand base beyond vehicle stamping.
Stamping and punching accounted for 27.5% of the India metal forming equipment market share in 2025. The process supports automotive body panels and white goods production. High throughput makes it essential for volume manufacturing programs. Legacy mild-steel lines continue to operate at high utilization for established vehicle models. New vehicle programs are moving toward servo press lines for advanced high-strength steel. Deep drawing holds the second-largest process position. It supports consumer appliances, pressure vessels, and cookware. Bending remains widely used in construction and general fabrication. Forging provides shaped parts for demanding transport and industrial applications. Rolling and roll forming continue to support structural sections and building systems.
Hydroforming is forecast to grow at an 8.5% CAGR from 2026 to 2031. EV platforms use lightweight tubular members that can be made in one hydroforming operation. This can reduce the need for several stampings and welded assemblies in the India metal forming equipment market. The India metal forming equipment market benefits when vehicle architectures use these integrated components. Forging demand is also supported by defense manufacturing. Defense production reached USD 21.2 billion in FY2025-26. Aerospace structures and land-vehicle drive trains need precise forged components. Rolling and roll forming serve the structural steel and pre-engineered building sector. The National Infrastructure Pipeline covered projects valued at USD 2.21 trillion as of April 2026. This mix links forming-process demand to both transport and infrastructure activity.
Complete Report Scope:
- By Equipment Type
- Press Machines
- Mechanical Presses
- Hydraulic Presses
- Servo Presses
- Other General-Purpose Presses
- Press Brakes and Bending Machines
- Hydraulic Press Brakes
- Servo / Electric Press Brakes
- Mechanical Press Brakes
- Other Bending Machines
- Forging Equipment
- Forging Presses
- Forging Hammers
- Upsetting and Heading Machines
- Other Forging Equipment
- Roll Forming and Plate/Profile Rolling Equipment
- Roll Forming Machines
- Plate Rolling Machines
- Section and Profile Rolling Machines
- Other Secondary Rolling/Forming Equipment
- Wire, Tube and Profile Forming Equipment
- Wire and Bar Drawing/Forming Equipment
- Tube Forming and Bending Equipment
- Profile Forming Equipment
- Extrusion Presses
- Hydroforming Equipment
- Other Metal Forming Equipment
- Press Machines
- By Forming Process
- Stamping and Punching
- Deep Drawing
- Bending
- Forging
- Rolling and Roll Forming
- Extrusion
- Hydroforming
- Other Forming Processes
- By Material Formed
- Carbon and Low-Alloy Steel
- Stainless Steel
- Aluminum and Aluminum Alloys
- Copper and Copper Alloys
- Titanium, Nickel and Other Non-Ferrous Metals
- Other Materials
- By End-Use Industry
- Automotive and Transportation
- Aerospace and Defense
- Industrial Machinery and Capital Equipment
- Metal Products and Fabrication
- Electrical and Electronics
- Construction and Infrastructure
- Energy and Power
- Consumer Appliances and Durable Goods
- Medical and Precision Manufacturing
- Other End-Use Industries
List of Companies Covered in this Report:
- Bharat Forge Limited
- Ramkrishna Forgings Limited
- Schuler India Private Limited
- AIDA Engineering India Private Limited
- Komatsu India Private Limited
- ISGEC Heavy Engineering Limited
- Larsen and Toubro Limited
- Bharat Heavy Electricals Limited
- HMT Machine Tools Limited
- CIE Automotive India Limited
- M M Forgings Limited
- Godrej and Boyce Manufacturing Company Limited
- FICEP TECH INDIA PVT LTD
- Electrotherm (India) Limited
- Ace Manufacturing Systems Private Limited
- Hind Hydraulics and Engineers
- Presstech Machine India Private Limited
- Bhavya Machine Tools LLP
- Rajesh Machines LLP
- Nagata India Private Limited
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 INTRODUCTION
4 MARKET LANDSCAPE
5 MARKET SIZE AND GROWTH FORECASTS
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bharat Forge Limited
- Ramkrishna Forgings Limited
- Schuler India Private Limited
- AIDA Engineering India Private Limited
- Komatsu India Private Limited
- ISGEC Heavy Engineering Limited
- Larsen and Toubro Limited
- Bharat Heavy Electricals Limited
- HMT Machine Tools Limited
- CIE Automotive India Limited
- M M Forgings Limited
- Godrej and Boyce Manufacturing Company Limited
- FICEP TECH INDIA PVT LTD
- Electrotherm (India) Limited
- Ace Manufacturing Systems Private Limited
- Hind Hydraulics and Engineers
- Presstech Machine India Private Limited
- Bhavya Machine Tools LLP
- Rajesh Machines LLP
- Nagata India Private Limited
