Metal Fabrication Industry in India Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Metal Fabrication Industry Report in India is Segmented by Material Type (Steel, Aluminum, and Others), End-User Industry (Manufacturing, Power and Utilities, Construction, Oil and Gas, and Other End-User Industries), and Service (Casting, Forging, Machining, Welding and Tubing, and Other Services). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Metal Fabrication Industry in India Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

India Metal Fabrication Market Size

India Metal Fabrication Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 6.38 %
Market Concentration Low

Major Players

India Metal Fabrication Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of India Metal Fabrication Market with other markets in Manufacturing Products and Services Industry

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Metal Working and Fabrication

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India Metal Fabrication Market Analysis

The India Metal Fabrication Market is expected to register a CAGR of 6.38% during the forecast period.

The Indian metal fabrication industry is experiencing significant transformation driven by robust metal manufacturing sector growth and infrastructure development initiatives. The manufacturing sector is projected to expand sixfold to reach USD 1 trillion by 2025, creating substantial opportunities for metalworking services. This growth is particularly evident in critical sectors such as automotive, power generation, and construction, where demand for precision-engineered components and structures continues to rise. The government's emphasis on domestic manufacturing through initiatives like 'Make in India' has led to increased investment in manufacturing facilities, directly benefiting the metal fabrication sector.


Infrastructure development remains a crucial driver for the metal fabrication industry, with India requiring an estimated USD 4.5 trillion in infrastructure investments through 2040. The government's commitment to renewable energy development, targeting 500 GW capacity by 2030, has created significant demand for fabricated components in wind towers, solar mounting structures, and related equipment. This massive infrastructure push has led to increased demand for structural steel, specialized industrial metal fabrication services, and heavy engineering capabilities across various projects.


The industry's technological landscape is evolving rapidly, with automation and advanced metal fabrication technology gaining prominence. Metal fabrication companies are increasingly adopting robotics for welding, cutting, and finishing operations, while digital technologies are streamlining design and production processes. The industry comprises over 5,000 fabricators employing more than 100,000 people, with a strong focus on upgrading capabilities to meet international quality standards and compete in the global market. This technological transformation is particularly evident in the adoption of CNC machines, automated welding systems, and advanced quality control processes.


India's position as the second-largest producer of crude steel, with an output of 118.1 million tonnes, has strengthened its metal processing capabilities significantly. The industry structure is characterized by a mix of large integrated manufacturers and specialized SMEs, with over 400 forging units operating across the country, of which 83% are small and medium-sized enterprises. This diverse ecosystem has enabled the industry to cater to various sectors, from heavy industrial equipment to precision components for aerospace and defense applications, while maintaining competitive advantages in terms of cost and quality.

Segment Analysis: By Material Type

Steel Segment in India Metal Fabrication Market

Steel continues to dominate the Indian metal fabrication market, commanding approximately 68% market share in 2024. The segment's strong position is supported by India's status as the world's second-largest producer of crude steel, with the country's steel industry contributing significantly to the GDP. The steel fabrication industry has transformed considerably with technological advancements improving delivery times and enabling more accurate designs of metal structures. The segment's growth is further bolstered by the government's National Steel Policy initiatives and the Production-linked Incentive (PLI) Scheme for specialty steel, which aims to enhance domestic production capabilities. Steel fabrication finds extensive applications across various sectors including construction, automotive, infrastructure development, and manufacturing, making it an integral component of India's industrial growth story.

Market Analysis of India Metal Fabrication Market: Chart for By Material Type

Aluminum Segment in India Metal Fabrication Market

The aluminum segment is projected to experience the highest growth rate of approximately 8% during the forecast period 2024-2029. This accelerated growth is driven by increasing adoption in lightweight vehicle manufacturing and rising demand from the packaging and construction sectors. India's position as the second-largest aluminum producer globally has created a strong foundation for the segment's expansion. The segment is witnessing significant technological advancements in metal forming processes, particularly in areas such as precision cutting, forming, and welding. The growing emphasis on sustainable construction practices and the increasing use of aluminum in modern architecture are further propelling the segment's growth, along with its expanding applications in electronics, aerospace, and consumer goods industries.

Remaining Segments in Material Type

The other materials segment, which includes metals like stainless steel, copper, and magnesium, plays a crucial role in specialized applications within the metal fabrication market. These materials are particularly important in industries requiring specific material properties such as corrosion resistance, electrical conductivity, or high strength-to-weight ratios. Stainless steel fabrication is extensively used in food processing and chemical industries, while copper fabrication finds applications in electrical and electronics sectors. Magnesium fabrication, though smaller in volume, is gaining importance in aerospace and automotive applications where lightweight materials are crucial. The diversity of these materials provides fabricators with additional options to meet specialized industry requirements and custom applications.

Segment Analysis: By Service

Machining Segment in India Metal Fabrication Market

The metal machining segment continues to dominate the Indian metal fabrication market, holding approximately 33% market share in 2024. This segment's prominence is driven by the increasing demand for precision components across various industries including automotive, aerospace, and general manufacturing. The segment's leadership position is reinforced by the widespread adoption of advanced CNC metal machining technologies and automation solutions by Indian manufacturers. The growing focus on quality and accuracy in manufacturing processes, coupled with rising investments in smart manufacturing initiatives, has further strengthened the machining segment's market position. Additionally, the segment benefits from India's growing role as a global manufacturing hub, with many international companies setting up their manufacturing facilities in the country.

Welding & Tubing Segment in India Metal Fabrication Market

The metal welding and tubing segment is emerging as the fastest-growing segment in the Indian metal fabrication market, with an expected growth rate of approximately 7% during 2024-2029. This remarkable growth is primarily attributed to the expanding infrastructure development activities across India, including the construction of metro stations, industrial corridors, and power plants. The segment is witnessing significant technological advancements with the integration of automated metal welding systems and robotics, improving both efficiency and quality of welding operations. The increasing adoption of advanced welding technologies, coupled with the growing demand from the automotive and construction sectors, is driving this segment's rapid expansion. Furthermore, government initiatives promoting domestic manufacturing and infrastructure development are creating substantial opportunities for welding and tubing services.

Remaining Segments in Metal Fabrication Services Market

The other significant segments in the metal fabrication services market include casting, forging, and other specialized services, each playing crucial roles in different industrial applications. The casting segment remains fundamental to the manufacturing sector, particularly in producing complex metal components for automotive and machinery applications. The forging segment maintains its importance in producing high-strength components for critical applications in aerospace, automotive, and heavy engineering industries. Other specialized services, including metal forming and sheet metal fabrication, cater to specific industry requirements and custom fabrication needs. These segments collectively contribute to the comprehensive metal fabrication ecosystem in India, supporting various manufacturing activities and industrial development initiatives.

Segment Analysis: By End-User Industry

Manufacturing Segment in India Metal Fabrication Market

The manufacturing segment continues to dominate the Indian metal fabrication market, holding approximately 37% market share in 2024. This significant market position is driven by the robust growth in India's manufacturing sector, particularly in automotive, appliances, and industrial equipment production. The government's emphasis on the manufacturing sector through initiatives like "Make in India" and "Skill India" has generated positive economic attitudes among the business community. The manufacturing component of IIP (Index of Industrial Production) demonstrates strong performance, supported by increased production across various sectors. Additionally, numerous global OEMs and Tier-1 businesses have established purchasing offices in India, seeking high-quality source goods, which further strengthens the manufacturing segment's position in the metal fabrication market.

Construction Segment in India Metal Fabrication Market

The construction segment is emerging as the fastest-growing segment in the Indian metal fabrication market, with a projected growth rate of approximately 8% during 2024-2029. This remarkable growth is primarily driven by increasing infrastructure development activities and the rising demand for pre-engineered buildings and components. The real estate industry in India is witnessing substantial expansion, with projections indicating that more than 40% of the population will live in urban India by 2030. Under the National Infrastructure Pipeline (NIP), India has allocated significant investment budgets for infrastructure development, with substantial portions dedicated to renewable energy, roads & highways, urban infrastructure, and railways. The government's focus on smart cities, green buildings, and various infrastructure initiatives is expected to maintain this segment's strong growth momentum.

Remaining Segments in End-User Industry

The power & energy segment plays a crucial role in the metal fabrication market, driven by the ongoing expansion of India's power generation capacity and renewable energy projects. The oil & gas segment maintains steady demand for fabricated products, particularly in pipeline construction, storage tanks, and processing equipment. The other end-user industries segment, which includes mining, automotive, and aerospace sectors, contributes to market diversity through specialized fabrication requirements. These segments collectively create a balanced market ecosystem, with each sector driving specific types of fabrication demands based on their unique requirements and growth trajectories. The power & energy sector particularly benefits from government initiatives in renewable energy, while the oil & gas segment is supported by ongoing infrastructure development in the petroleum and natural gas distribution networks.

India Metal Fabrication Industry Overview

Top Companies in India Metal Fabrication Market

The Indian metal fabrication landscape is characterized by established players like Salasar Techno Engineering, Kirby Building Systems, Zamil Industrial Investment, Karamtara Engineering, Pennar Group, and Larsen & Toubro leading the market. Companies are increasingly focusing on technological advancements through automation, robotics, and 3D printing capabilities to enhance operational efficiency and product quality. The industry is witnessing a shift towards sustainable manufacturing practices and eco-friendly solutions, while simultaneously expanding product portfolios to include prefabricated buildings and comprehensive engineering solutions. Strategic partnerships and collaborations are becoming more prevalent as companies seek to strengthen their market position and expand their geographical presence. Investment in digital transformation, including ERP systems and advanced manufacturing technologies, demonstrates the industry's commitment to modernization and improved service delivery.

Fragmented Market with Strong Regional Players

The Indian metal fabrication market exhibits a highly fragmented structure, with a significant presence of small and medium-sized enterprises alongside larger EPC companies. The majority of fabricators operate on a regional level, serving specific geographical markets while maintaining close relationships with local customers and suppliers. The market's fragmentation is further emphasized by the presence of numerous family-owned businesses and specialized fabricators catering to specific industry segments such as the automotive, construction, and energy sectors.


The competitive dynamics are shaped by a mix of established conglomerates and specialized fabrication companies, each bringing unique strengths to the market. While larger players leverage their integrated capabilities and financial resources to undertake complex projects, smaller specialists thrive on their ability to provide customized solutions and maintain agility in operations. The industry is experiencing gradual consolidation through strategic acquisitions and partnerships, particularly as companies seek to expand their technological capabilities and geographical reach, though the pace remains moderate due to the market's inherent fragmentation and regional nature of operations.

Innovation and Efficiency Drive Future Success

Success in the Indian metal fabrication market increasingly depends on companies' ability to balance technological advancement with cost-effective operations. Market leaders are strengthening their position through investments in advanced manufacturing capabilities, workforce development, and digital transformation initiatives. The ability to provide end-to-end metal fabrication solutions, from design to installation, while maintaining quality and meeting delivery timelines, has become crucial for maintaining a competitive advantage. Companies are also focusing on developing sustainable practices and green manufacturing capabilities to align with evolving customer preferences and regulatory requirements.


For emerging players and contenders, the path to market share growth lies in identifying and serving niche segments while building technological capabilities gradually. The focus on specialized applications and industry-specific solutions provides opportunities for smaller players to establish strong market positions. Success factors include developing strong supplier relationships, investing in quality control systems, and building efficient project management capabilities. The increasing emphasis on local manufacturing and supply chain resilience presents opportunities for domestic players to strengthen their market position, while regulatory support for indigenous manufacturing creates a favorable environment for market expansion.

India Metal Fabrication Market Leaders

  1. Salasar Techno Engineering Ltd

  2. Kirby Building Systems

  3. Zamil Industrial Investment Co

  4. Pennar Group

  5. ISGEC Heavy Engineering Ltd

  6. *Disclaimer: Major Players sorted in no particular order
India metal fabrication market concentration
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India Metal Fabrication Market News

  • October 2023: JSP’s Angul unit, located in Odisha, was set to become India’s biggest single-location steel manufacturing plant. The capacity of the current Angul plant is estimated to be 5.6 mtpa per annum. However, the plan was to double it to 11 mtpa and 24 mtpa by 2023 and 2027, respectively. JSP’s steel plant, located in Raghurhat, was also expected to expand its capacity from 3.6 tpa per annum to 9 tpa by 2023. JSP finalized trial production at Angul in 2023 and commercial production by 2024. Jindal Steel and Power expects the Indian steel industry to grow in line with government infrastructure projects and domestic demand.
  • July 2023: ArcelorMittal Nippon Steel India( AM/ NS India) - a joint venture between ArcelorMittal and Nippon Steel, two of the world's leading steelmakers - and Festo India, the world's leading manufacturer and supplier of automation technology and specialized education, announced signing an MoU at the Festo Corporate Center in Stuttgart, Germany. The cooperation will concentrate on the development of the New Age Makers Institute of Technology( NAMTECH), an ArcelorMittal Nippon Steel India education initiative aimed at delivering an integrated model of high-quality engineering and specialized education, with special emphasis on manufacturing and sustainability. NAMTECH started operating an interim campus in the Research Park at IIT Gandhinagar, Gujarat, in August 2023.

India Metal Fabrication Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS & DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Growing Demand for Fabricated Metal Products Driving the Market
    • 4.2.2 Technological Advancements Driving the Market
  • 4.3 Market Restraints
    • 4.3.1 Fluctuating Raw Materials Prices Hindering the Market
    • 4.3.2 Lack of Skilled Labor Hindering the Market
  • 4.4 Market Opportunities
    • 4.4.1 Expansion of Aerospace Industry Driving the Market
    • 4.4.2 Rising Adoption of EVs
  • 4.5 Technological Advancements in the Indian Metal Fabrication Market
  • 4.6 Government Regulations and Key Initiatives in the Indian Metal Fabrication Market
  • 4.7 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.7.1 Threat of New Entrants
    • 4.7.2 Bargaining Power of Buyers/Consumers
    • 4.7.3 Bargaining Power of Suppliers
    • 4.7.4 Threat of Substitute Products
    • 4.7.5 Intensity of Competitive Rivalry
  • 4.8 Value Chain Analysis
  • 4.9 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By End-user Industry
    • 5.1.1 Manufacturing
    • 5.1.2 Power and Utilities
    • 5.1.3 Construction
    • 5.1.4 Oil and Gas
    • 5.1.5 Other End-user Industries
  • 5.2 By Material Type
    • 5.2.1 Steel
    • 5.2.2 Aluminum
    • 5.2.3 Other Material Types
  • 5.3 By Service Type
    • 5.3.1 Casting
    • 5.3.2 Forging
    • 5.3.3 Machining
    • 5.3.4 Welding and Tubing
    • 5.3.5 Other Services

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 Salasar Techno Engineering Ltd
    • 6.2.2 Kirby Building Systems
    • 6.2.3 Zamil Industrial Investment Co.
    • 6.2.4 Pennar Group
    • 6.2.5 ISGEC Heavy Engineering Ltd
    • 6.2.6 Godrej Process Equipment
    • 6.2.7 TEMA India
    • 6.2.8 Larsen & Toubro Ltd
    • 6.2.9 Diamond Group
    • 6.2.10 Novatech Projects (India) Private Limited
    • 6.2.11 SKV Engineering India Pvt. LTD
    • 6.2.12 Karamtara Engineering Pvt. Ltd*
  • *List Not Exhaustive
  • 6.3 Other Companies

7. FUTURE OF THE MARKET

8. APPENDIX

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India Metal Fabrication Market Analysis

Metal fabrication refers to the building of metal structures by assembling, cutting, and bending processes. It is a value-added process that includes creating machines, parts, and structures from raw materials.

The India metal fabrication market is segmented by material type (steel, aluminum, and others), end-user industry (manufacturing, power and utilities, construction, oil and gas, and other end-user industries), and service (casting, forging, machining, welding and tubing, and other services). The report offers the Indian metal fabrication industry market sizes and forecasts in value (USD) for all the above segments.

By End-user Industry Manufacturing
Power and Utilities
Construction
Oil and Gas
Other End-user Industries
By Material Type Steel
Aluminum
Other Material Types
By Service Type Casting
Forging
Machining
Welding and Tubing
Other Services
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India Metal Fabrication Market Research FAQs

What is the current India Metal Fabrication Market size?

The India Metal Fabrication Market is projected to register a CAGR of 6.38% during the forecast period (2025-2030)

Who are the key players in India Metal Fabrication Market?

Salasar Techno Engineering Ltd, Kirby Building Systems, Zamil Industrial Investment Co, Pennar Group and ISGEC Heavy Engineering Ltd are the major companies operating in the India Metal Fabrication Market.

What years does this India Metal Fabrication Market cover?

The report covers the India Metal Fabrication Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Metal Fabrication Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

India Metal Fabrication Market Research

Mordor Intelligence provides comprehensive insights into the metal fabrication industry. We combine expertise in metalworking analysis with detailed research methodologies. Our extensive coverage includes key processes such as sheet metal fabrication, metal stamping, metal welding, and metal machining. The report thoroughly examines metal forming, metal cutting, and metal bending technologies, along with advanced metal processing techniques. Available as an easy-to-read report PDF for download, our analysis covers everything from metal manufacturing to custom metal fabrication applications.

Stakeholders gain valuable insights into precision metal fabrication trends and metal assembly innovations. The report explores evolving metal fabrication services and industrial metal fabrication developments. It examines modern metal fabrication machinery and metal fabrication equipment advancements. Our analysis also extends to structural metal fabrication, architectural metal fabrication, and commercial metal fabrication sectors, while evaluating emerging metal fabrication technology solutions. The comprehensive coverage includes a detailed assessment of metal fabrication tools, metal parts manufacturing, and innovative metal fabrication solutions that drive industry growth.