Global Radial Forging Machine Market 2025-2035

Global Radial Forging Machine Market Size, Share & Trends Analysis Report by Type (Hot Forging, and Cold Forging), and by Application (Automotive Industry, Hardware Tools, Engineering Machinery, and Others), Forecast Period (2025-2035)

Industry Overview

Radial forging machine market, estimated at $230 million in 2024, is projected to grow to $505 million with a CAGR of 7.5% during the forecast period (2025–2035). This growth is primarily driven by increasing demand from the automotive industry and other end-user sectors seeking high-quality components with precise dimensions and excellent surface finish. Radial forging technology has gained significant traction due to its ability to handle large forgings and produce components with superior material properties, particularly in super alloys and high-alloyed steel grades, making these machines essential for heavy engineering applications.

Market Dynamics

Increasing Demand for Precision Components in Automotive Manufacturing

The automotive sector has become a major growth driver for the radial forging machine industry. The machines are extensively used in automotive production since they provide high production rates, enhanced accuracy, improved surface finish, and higher versatility over conventional forging techniques. The growing global vehicle output, especially in emerging markets like India and China, is generating high demand for high-quality forged parts, thus driving the radial forging machine market.

Further, the increasing emphasis of the automotive sector on the use of lightweight parts to enhance fuel efficiency and diminish emissions has contributed to the greater adoption of advanced materials that necessitate intricate forging methods. Radial forging machines offer the ability to process such materials without compromising on structural integrity and performance parameters.

Technological Advancements in Radial Forging Machines, Enhancing Market Growth

Simultaneously, continuous technological improvements in radial forging equipment have been a major driver of market expansion. Equipment costs have been reduced, reliability improved, and flexibility increased by manufacturers to meet changing needs in diverse industries. For instance, SMS Group offers Camfrog and ForgeBase Forging Technology Suites are technologies to optimize production by calculating the optimal process parameters, e.g., pass schedules and furnace temperature set points, depending on the individual process. While the general functionality is similar, ComForge is dedicated to radial forging, and ForgeBase specializes in open-die forging. Additionally, the company offers various technologies such as intelligent data analytics with SMS-Metrics, an intelligent alarm management system, maintenance advisor, and electronic document management.

Market Segmentation

• Based on the type, the market is segmented into hot forging and cold forging.
• Based on the components, the market is segmented into indoor units and outdoor units.
• Based on the application, the market is segmented into the automotive industry, hardware tools, engineering machinery, and others.

Automotive Industry Sub-Segment is Anticipated to hold a Prominent Share of the Global Radial Forging Machine Market

Among the applications, the automotive industry sub-segment is anticipated to hold a prominent share of the global radial forging machine market. Radial forging machines are widely used in the automotive industry as they offer high production speeds, improved accuracy, better surface finish, and greater versatility than bar or needle-type forged parts. The automotive sector is expected to witness significant growth owing to increasing demand for vehicles from countries such as India, China, Japan, and Germany among others. Additionally, the increasing global automotive production, especially in developing economies like India and China, is generating huge demand for high-quality forged parts. As automobile manufacturers remain committed to enhancing vehicle performance, fuel efficiency, and emissions, the demand for accurately engineered parts is likely to increase, thus driving the expansion of the radial forging machine market in the automotive industry.

Regional Outlook

The global radial forging machine is further divided by region, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).

The Asia-Pacific Region is expected to Hold a Prominent Share of the Global Radial Forging Machine Market

Among all regions, the Asia-Pacific regional market is expected to hold a prominent share of the global radial forging machine market during the forecast period. The region has witnessed a surge in demand from China, India, Japan, South Korea, and Taiwan among other countries owing to their rapidly expanding manufacturing sector. China is considered the key manufacturing hub of machinery and equipment across the globe. As per the Bureau of Energy Efficiency (BEE), India forging industry contributed to around 5-6% in the global forging Industry. Among this, forging exports from India contributed to over 24% of the total forging revenue. The present export market includes mainly the US and Europe. Additionally, China produced around 11 Mn tonnes of forged products during 2019-2020, while India produced 2.4 Mn tons during the same financial year. India is the second largest producer of forging components in Asia as below figure.

Market Players Outlook

The major companies operating in the global radial forging machine market include GFM GmbH Steyr, Kurimoto, Ltd., LASCO Umformtechnik GmbH, Mitsubishi Nagasaki Machinery Mfg.Co., Ltd, and SMS group GmbH, among others. Market players are leveraging partnerships, collaborations, mergers and acquisition strategies for business expansion and innovative product development to maintain their market positioning.

Recent Developments

• In March 2025, Ramkrishna Forgings began commercial production using its new NATIONAL 5 UPSETTER and DEFRIS 2% UPSETTER machines, adding 14,250 Metric Tons Per Annum (MTPA) to its production capacity. This expansion is designed to meet increasing demand from customers, enhancing the company’s total production capacity to 243,400 MTPA for hot and warm forgings and 25,000 MTPA for cold forgings. The Trent XWB-84 program that powers the Airbus A350-900 fleet in 2008, the Trent XWB-97 program that powers the Airbus A350-1000 fleet in 2013, and the Trent 7000 program that powers the Airbus A330neo fleet in 2015.

The Report Covers

• Market value data analysis of 2024 and forecast to 2035.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global radial forging machine market. Based on the availability of data, information related to new products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.