This thesis investigates the economic, and technical feasibility of using Additive Manufacturing (AM), specifically Laser Metal Deposition (LMD-p), for the repair of forging tool. Forging tools require frequent repairs and eventually replacement due to their severe wear and tear, especially from abrasive wear and plastic deformation. Although traditional machining is effective but the , traditional machining techniques wastes materials, wears tools more frequently, and use more energy. This study investigates AM as a more economical and environmentally friendly substitute. Furthermore, AM contributes to environmental goals by reducing energy use. Although AM infrastructure requires a capital investment up front, the long-term advantages it offers over conventional techniques make it a very compelling alternative for tool maintenance in the future. The study's concentration on a single particular tool used by a company, however, puts limits on it.