인도의 가공 금속 제품 시장 규모는 예측 기간 동안 CAGR 6.50%로 추이하고 2025년 15억 달러에서 2033년도에는 24억 8,000만 달러로 성장할 것으로 예측됩니다.
인도의 가공 금속 제품 시장은 최근 몇 년간 자동차 및 항공우주 부품 생산에 대한 투자 증가와 스마트 기술 개발에 대한 빠른 투자로 인해 놀라운 성장을 기록했습니다. 해당 국가에서는 고속도로, 지하철 노선, 재생 에너지 시설 건설을 포함한 다양한 인프라 프로젝트에 투자할 계획입니다. 인프라 프로젝트에 대한 투자 증가로 구조용 강철, 알루미늄 프레임, 정밀 가공 부품에 대한 수요가 증가함에 따라, 예측 기간 동안 가공 금속 제품 시장에 대규모 기회가 제공될 것입니다. 재생 에너지 산업도 태양광 및 풍력 프로젝트 설치에 사용되는 부식 방지 및 고강도 가공 금속 수요를 창출함으로써 시장에 기회를 제공할 것입니다.
또한 인도 정부는 제조업 육성을 위해 노력하고 있으며, 이는 시장 내 고품질 가공 금속 제품에 대한 수요를 증가시키고 있습니다. 자동차 산업에 대한 투자는 시장 내 고품질 가공 금속 제품에 대한 수요를 촉진하고 있습니다. 이와 함께 산업은 시장 내 맞춤형 제품에 대한 증가하는 수요를 충족시키기 위해 신기술을 도입하고 있습니다. 신기술은 가공 금속 제품의 정밀도를 높이고 생산 속도를 향상시켜 인도 제조업체가 글로벌 시장에서 경쟁력을 갖추도록 합니다.
본 보고서에서는 인도의 가공 금속 제품 시장을 조사했으며, 시장 정의와 개요, 시장 규모 추이와 예측, 각종 구분별 상세 분석, 사례연구, 시장성장에 대한 영향요인 분석, 경쟁 구도, 주요기업의 프로파일 등을 정리했습니다.
India fabricated metal products market is projected to witness a CAGR of 6.50% during the forecast period FY2026- FY2033F, growing from USD 1.50 billion in FY2025 to USD 2.48 billion in FY2033. India fabricated metal products market has witnessed remarkable growth over the past few years with increasing investment in the production of automobile and aerospace components, and rapid investment towards the development of smart. The nation plans to invest in a number of infrastructure projects involving the construction of highways, metro lines, and renewable energy units across. The higher investment in infrastructure projects, subsequently leading to higher demand for structural steel, aluminium frames, and precision-engineered parts, thus offers massive opportunities for the fabricated metal products market in the forecast period. The renewable energy industry also offers an opportunity for the market by generating demand for corrosion-resistant, high-strength fabricated metals in solar and wind project installations.
For instance, in December 2024, the new directive from the Ministry of New and Renewable Energy, India issued the mandate from June 2026, all clean energy projects in India must use solar modules made with locally-produced cells and materials. This development highlights the driving demand for fabricated metal products in the sector.
In addition, the Indian government is making efforts to promote the manufacturing industry, which is increasing the demand for high-quality fabricated metal products within the market. Investment in the automotive sector drives the demand for high-quality fabricated metal products in the market. Along with this, the industry is implementing new-age technologies to meet the increased demand for customized products within the market. The new-age technologies provide increased precision and rapid production of fabricated metal products, making Indian manufacturers competitive on the global stage.
Rising Need for Precision-Engineered Metal Components in Automotive and Aerospace Sectors Propelling Market Growth
The expansion of the automotive and aerospace industries in India is driving the demand for precision-engineered metal components in the market. Both sectors require high-quality, reliable, and lightweight components to meet stringent performance, safety, and environmental standards. Manufacture of high-strength parts with lightweight characteristics fuels demand for fabricated metal items in the market. The companies are using tougher and stronger materials to improve the performance and fuel efficiency of the vehicle which increases the demand for fabricated metal products in the forecasted period.
Within the automotive industry, manufacturers seek to invest in the production of electric vehicles (EVs), and the embrace of advanced driver assistance systems (ADAS) has raised demand for precision-machined parts in the industry. The higher technology parts have more stringent tolerance and high-performance materials like high-strength steel and aluminium alloys that are required to provide endurance and efficiency at keeping vehicle weight and fuel consumption intact. The investment in the automotive sector is increasing at a high rate which drives the demand for fabricated metal products in the market.
For instance, according to India Brand Equity Foundation (IBEF), India's auto component industry is set to witness significant investments of USD 2.89 billion to USD 3.46 billion in the next financial year for capacity expansion and localization, including electric vehicle (EV) parts. This development highlights the rising demand for fabricated metal products in the market.
Likewise, the aerospace sector depends on precision-machined metal components for high-demand applications, including turbine engines, landing gear, structural frames, and wing supports. These components must be capable of handling very high levels of mechanical stresses, temperature, and pressure but should be lightweight in order to enhance aircraft fuel efficiency. The aerospace industry is adopting advanced manufacturing technologies, which increases demand for fabricated metal products that are developed specifically to meet aerospace specifications.
Growing Need for Specialized Parts in the Renewable Energy Market Provides a Market Opportunity
The increased need for specialized metal parts in the renewable energy sector is opening market opportunities for fabricated metal products in the next few years. Wind energy needs top-quality steel to make towers and aluminium for light yet solid turbine blades, and in solar energy, the industry needs fabricated materials like aluminium for solar panels and copper cable for efficient transmission of energy. Moreover, with the imminent development of clean technologies like new solar cells and giant steel towers, complex gearbox components in the wind industry represent a market potential for the fabricated metal products market.
For instance, according to the Ministry of New and Renewable Energy, India, in November 2024, India's total renewable energy installed capacity surged by 24.2 GW (13.5%), reaching 203.18 GW in October 2024, up from 178.98 GW in October 2023. This development highlights that the country is investing in solar and wind generation capacity, which drives the demand for fabricated metal products for the manufacturing of renewable energy generation structures in the market.
The country is looking for a renewable energy transition that leads to accelerating the adoption of renewable energy production technologies in the market. The country is expecting a rise in demand for solar and wind technologies, which drive the demand for precision-engineered metal components in the market. The rising investment in renewable energy projects will drive the demand for a variety of fabricated metal products to produce efficient components for the energy sector. The government's investing in several renewable energy projects drives the demand for fabricated metal products in the market.
Dominance of Steel in the Market
Steel still enjoys the highest market share within India's market for fabricated metal products owing to its pivotal function in the country's fast-paced industrialization, infrastructure growth, and manufacturing output. In addition, the use of cutting-edge technology in steel fabrication operations, including automated welding equipment and systems, has improved efficiency and accuracy and therefore made steel more competitive with respect to substitute materials. Furthermore, complemented by sustainability efforts advocating green steel manufacturing and recycling, India's fabricated metal products market demand for steel is projected to increase steadily.
In addition, the transition to lightweight material materials for electric vehicles (EVs) is fuelling the need for steel-fabricated products in the market. In addition, the increase in the manufacturing of industrial and heavy equipment used in industry presents a market opportunity for fabricated metal products in the Indian market.
West and Central Region Dominate India Fabricated Metal Products Market
The demand for fabricated metal products is significantly high in the region due to rapid investment in industrialization and infrastructure development. The regions are home to key industrial states like Maharashtra, Gujarat, and Madhya Pradesh, which are driving the demand for fabricated metal products in the market. The region witnessed the growth of automobile component manufacturing centers in various states. Furthermore, energy, railways, roads, and urban development are also seeing huge investments in infrastructure through programs such as the National Infrastructure Pipeline (NIP) and industrial development programs at the state level, thus fuelling the demand for fabricated metal products market. Additionally, policies such as 'Make in India' and the Production Linked Incentive (PLI) scheme are drawing international manufacturers to establish units in these areas, which are generating market opportunities for the fabricated metal products market. The region is investing in the development of the renewable energy sector, which creates the demand for fabricated metal products in the forecast period.
For instance, in May 2025, Adani Green Energy Limited (AGEL) announced the operationalization of additional solar power projects at the massive Gujarat Hybrid Renewable Energy Park in Khavda, Gujarat. AGEL operationalized an incremental solar power project of 187.5 MW at Khavda, increasing its total operational renewable generation capacity to 14,528.4 MW.
Future Market Scenario (FY2026 - FY2033F)
The investment in renewable energy generation is expected to drive the demand for fabricated metal products in the market.
Government policies aimed at promoting infrastructure development is set to boost the demand for fabricated metal products in the country.
The growing demand for high-strength materials across sectors like construction, automotive, aerospace, and energy is driving the demand for fabricated metal products in the market.
Adoption of advanced manufacturing technologies to produce fabricated metal products will drive its demand in the market.
Key Players Landscape and Outlook
The landscape of India fabricated metal products market is defined by continuous innovation, with companies striving to excel in energy efficiency, product durability, and distinctive features. Industry players are increasingly focused on the adoption of innovative technologies to produce fabricated metal products and increasing awareness regarding sustainable metal products, which are expected to shape the future of the sector. Product launches, agreements, business expansions, collaborations, and developing technologies are projected to increase competition in the fast-paced market. Companies are attaining the quality certificate to increase goodwill in the market, which helps the company to increase revenue in the coming years.
For instance, Fabricated India Private Limited has attained the certification related to ISO 9001:2015, ISO 3834-2. The certificate strictly adheres to all processes and norms to ensure that the highest standards of quality control are maintained. This development highlights that companies are working on quality maintenance, which helps the company to increase the customer base and revenue in the coming years.
All segments will be provided for all regions covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.