Radial Forging Machine Market Poised for Remarkable Growth: Energy Efficiency Drives Innovation and Adoption

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.

Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/radial-forging-machines-market

Radial Forging Technology Revolutionizing Industrial Manufacturing.

• AI-Based Process Control: GFM GmbH, for instance, implements predictive maintenance systems to lower downtime by 30% and energy usage by 25%.

• Hybrid Forging Systems: Integrating hot and cold forging (for instance, SMS Group's SMART Forge) to maximize efficiency in complex geometry parts for aerospace and medical devices.

• Radial forging contributes to circular economic objectives by minimizing scrap rates to under 5%, which is essential for industries aiming at net-zero emissions.

Key Players and Innovations

Several major players lead the radial forging machine industry, including GFM GmbH Steyr, KURIMOTO, LTD., LASCO Umformtechnik GmbH, MITSUBISHI NAGASAKI MACHINERY MFG.CO., LTD, and SMS group GmbH. For instance, in April 2023, SMS group offered, SMX 900/18 MN that delivers 18 MN press force per cylinder for aerospace-grade materials. A built-in ComForge Technology Suite automates pass schedule calculations using a comprehensive material database and builds on a decade-long successful collaboration with the SMS group.

Further, in February 2025, SMS group signed a contract with Qinghai Xigang New Materials Co., Ltd., the order comprises a comprehensive upgrade and related maintenance services for the PSM380 (Precision Sizing Mill) mill used to roll special steel bars, and is aimed at enhancing the mill’s production efficiency and product quality, thereby satisfying the end user’s requirements and further boosting Xigang New Materials’ competitive position in the special steel market in China.

Market Coverage

• The market numbers available for – 2024-2035

• Base year- 2024

• Forecast period- 2025-2035

• Segment Covered- 

o By Type 

o By Application

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape - GFM GmbH Steyr, Kurimoto, Ltd., LASCO Umformtechnik GmbH, Mitsubishi Nagasaki Machinery Mfg.Co., Ltd, SMS group GmbH, and others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Radial Forging Machine Market Report Segment

By Type

• Hot Forging
• Cold Forging

By Application

• Automotive Industry
• Hardware Tools
• Engineering Machinery
• Others

Global Radial Forging Machine Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Russia

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Australia and New Zealand

• ASEAN Economies

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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