The invention discloses a composite corrugated pipe forming device based on electromagnetic forming. The composite corrugated pipe forming device is characterized by comprising a rectifier (1), a resistor (2), a switch (3), a capacitor (4), a boosting transformer (5), an upper fixing plate (6), a fixing bolt (7), a pressing block (8), a die rack (9), a constraint die (11), a coil (12), a lower fixing plate (13), a T-shaped platform (14), a trapezoid hole (15), a vent hole (16), a fixing groove (17) and a wire hole (18). The composite corrugated pipe forming device has the advantages that the device is few in machining procedures, high in machining efficiency, high in forming precision, fast in pipe fitting forming, and capable of forming pipe fittings under high strain rate; due to high strain deformation, the device is applicable to forming of metal materials which are difficult to deform by conventional methods, plasticity of the metal materials is increased greatly, and yield strength of the materials is increased greatly; different corrugations can be formed by changing the shape of the constraint die, and high machining flexibility is achieved.