In contemporary industrial production the ecological aspects have increasingly important role in selection of sheet metal forming process. To produce sheet metal parts with minimal environmental burdening the shortening of forming processes including the procedures for production of appurtenant forming tools as well as decrease use of lubricant is prerequisite. The ecological aspects have to be considered also already in developmental phase where the forming technology is evaluated in digital environment with FEM simulations. In addition, particularly in small and medium batch production the geometrically complex parts are difficult to form economically with conventional forming processes like deep drawing or stretching. Therefore, new concepts like hydro-mechanical forming or incremental sheet metal forming were developed. In order to select the optimal forming process the production costs as well as the environmental aspects like lubrication, noise, pollution and energy per produced part have to be considered. The paper is focused towards the comparison of conventional deep drawing (DD) process aimed for forming the pyramid-shaped part with single point incremental forming technology (SPIF). The economical and ecological aspects affecting the successful forming by both concepts are determined. Comparative evaluation was established in order to present advantages and drawbacks of each analysed technology.