India Aluminum Forging Market Size & Outlook, 2022-2030

The aluminum forging market in India is expected to reach a projected revenue of US$ 3,589.4 million by 2030. A compound annual growth rate of 6.8% is expected of India aluminum forging market from 2023 to 2030.
Revenue, 2022 (US$M)
$2,124.3
Forecast, 2030 (US$M)
$3,589.4
CAGR, 2023 - 2030
6.8%
Report Coverage
India

India aluminum forging market highlights

  • The India aluminum forging market generated a revenue of USD 2,124.3 million in 2022 and is expected to reach USD 3,589.4 million by 2030.
  • The India market is expected to grow at a CAGR of 6.8% from 2023 to 2030.
  • In terms of segment, closed die forging was the largest revenue generating product in 2022.
  • Closed Die Forging is the most lucrative product segment registering the fastest growth during the forecast period.


Aluminum forging market data book summary

Market revenue in 2022USD 2,124.3 million
Market revenue in 2030USD 3,589.4 million
Growth rate6.8% (CAGR from 2022 to 2030)
Largest segmentClosed die forging
Fastest growing segmentClosed Die Forging
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationOpen Die Forging, Closed Die Forging, Ring Rolled Forging
Key market players worldwideArconic, Alcoa Corp, ATI Inc, Aluminum Precision Products, American Handforge, Farinia Group, Forginal Industrie


Other key industry trends

  • In terms of revenue, India accounted for 10.0% of the global aluminum forging market in 2022.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China aluminum forging market is projected to lead the regional market in terms of revenue in 2030.
  • China is the fastest growing regional market in Asia Pacific and is projected to reach USD 9,425.4 million by 2030.

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Aluminum Forging Market Companies

Name Profile # Employees HQ Website

India aluminum 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 aluminum forging market will help companies and investors design strategic landscapes.


Closed die forging was the largest segment with a revenue share of 73.1% in 2022. Horizon Databook has segmented the India aluminum forging market based on open die forging, closed die forging, ring rolled forging covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of country-level data and insights on the India aluminum forging market , including forecasts for subscribers. This country databook contains high-level insights into India aluminum forging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India aluminum forging market size, by product, 2018-2030 (US$M)

India Aluminum Forging Market Outlook Share, 2022 & 2030 (US$M)

India aluminum forging market size, by product, 2018-2030 (US$M)

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