India Metal Fabrication Market is to be Dominated by South Region Until 2029
Increasing number of
manufacturing plants and infrastructure development activities are driving the
metal fabrication market in the forecast period, 2025-2029, across India.
According to TechSci Research
report, “India Metal Fabrication Market - By Region, Competition, Forecast
& Opportunities, 2019-2029F”, the India metal fabrication market is
expected to register robust growth during the forecast period, 2025-2029.
Rapid growth in the metal and manufacturing industry, growing demand for
aluminum, and increasing growth in aviation and automobiles market are factors
driving the India metal fabrication market. Metal fabrication has a huge market
in India, however, lack of skilled workforce, and issues with raw material
availability are restraining the market growth. Metal fabrication market is
expected to grow at a remarkable rate, as the India is moving toward
industrialization and development.
Introduction of advanced versions
of electric vehicles accelerates the growth of automotive industry. Automotive
industry in India is one of the largest in the world. The automobile industry
accounts for 7.1% of the country's gross domestic equipment (GDP). Government
is taking lots of initiatives & putting effort to moderate the stringent
rules and push for more production of electric vehicle. This initiative has
positively affected the automotive industry thereby fueling the global metal
fabrication market.
Browse over XX market data
Figures spread through XX Pages and an in-depth TOC on the "India Metal Fabrication Market.”
India metal fabrication market is
segmented based on material type, end-user industry, service, and region.
Based on material type, the
market is segmented into steel, aluminum, and others. Steel dominates in the
India metal fabrication market in 2022 because steel fabrication is widely used
in all industrial sectors. Steel is the most produced and commonly used iron
alloy in India. Steel fabrication forms the backbone of human civilization and
industrialization due to their reliability, low cost, superior mechanical
properties, and flexibility in application. The government has approved a
productive-linked incentive (PLI) scheme for specialty steel. It is expected
that steel production will become 42 million tons by the end of 2026-27.
Based on end-user industry, the
market is segmented into construction, automotive, aerospace, manufacturing,
energy & power, electronics, and others. Manufacturing segment dominates
the India metal fabrication market in 2023. India is considered a major market
for both domestic and multinational manufacturers. While domestic demand has
been driving the manufacturing sector’s growth in the country. Furthermore,
business leaders expect the global demand to play a crucial role in stimulating
the expansion of the Indian manufacturing sector, as well as sales of their
companies. It is expected to attract major manufacturing companies to set up
new locations or expand their existing facilities. This scenario creates
opportunities for metal fabricators and related dealers and manufacturers of
equipment in the country. The opportunities range from small- and medium-scale
to large projects.
Based on service, the market is
segmented into casting, forging, machining, welding & tubing, and others.
Machining segment dominated the India metal fabrication market in 2023. The
country's metal machining industry is expected to rise due to the rising
government spending on infrastructure development and the increasing number of
construction projects in emerging nations. Moreover, the need for oil and gas
has risen due to rapid industrialization, urbanization, and energy consumption.
Major oil and gas corporations emphasize expanding their exploration and
production(E&P) activities to meet the growing demand for energy.
The market analysis studies the
regional segmentation, divided among north, east, west, and south.
Key market
players in the India metal fabrication market include:
- Salasar
Techno Engineering Ltd.
- Kirby
Building Systems, LLC
- Pennar
Industries Limited
- ISGEC
Heavy Engineering Ltd.
- DMG
MORI India Pvt. Ltd.
- Yamazaki
Mazak Pvt. Ltd.
- TRUMPF
(India) Pvt. Ltd.
- LancerFab
Tech Pvt Ltd
- Interplex
Electronics India Pvt. Ltd.
- Kineco
Kaman Composites India Private Limited
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“The India metal fabrication
market is increasing at a rapid pace due to the ongoing push for infrastructure
development and improvement in the macroeconomic fundamentals. Moreover, new
projects announced by the government, such as industrial corridors and
Sagarmala, may increase India’s connectivity, reducing logistical costs of
transportation across Indian states. Additionally, The smart city initiative is
expected to boost the urban infrastructure investment further in the country.
There are around 99 smart cities planned across India. Hence, all these initiatives
and schemes are likely to increase the demand for metal fabrication across the
country.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“India Metal Fabrication
Market By Material Type (Steel, Aluminum, and Others), By End-User Industry
(Construction, Automotive, Aerospace, Manufacturing, Energy & Power,
Electronics, and Others), By Service (Casting, Forging, Machining, Welding
& Tubing, and Others), By Region, Competition, Forecast and Opportunities,
2029F” has assessed the India Metal Fabrication market's future development
potential and provides data and information on market size, structure, and
projected market growth. The report's goal is to give current market knowledge
and assist decision makers in making informed investment decisions.
Furthermore, the study identifies and analyses emerging trends, as well as key
drivers, constraints, and opportunities in the India metal fabrication market.
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