Radial Forging Machine Market
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 (2023-2030) Update Available - Forecast 2024-2030
Radial forging machines market size was valued at $160 million in 2022, and is projected to reach $262 million by 2030, registering a CAGR of 7.3% during the forecast period (2023-2030). The market growth can be attributed to the increasing demand for radial forging machines from the automotive industry and other end-user industries. Radial forging machines are used for producing high-quality components with precise dimensions and excellent surface finish. These machines are also capable of handling large forgings, which makes them suitable for use in heavy engineering applications. The continuously increasing demands in view of better material properties especially in superalloys and high alloyed steel grades lead to improved radial forging systems. Reduced equipment costs, higher reliability, and flexibility have been the main targets for further development.
Segmental Outlook
The global radial forging machine market is segmented based on the type, and application. Based on the type, the market is sub-segmented into hot forging and cold forging. Further, on the basis of application, the market is sub-segmented into the automotive industry, hardware tools, engineering machinery, and others. Among the application segment, the automotive sub-segment is expected to cater to a prominent market share over the forecast period owing to high production speeds, improved accuracy, and better surface finish.
The Automotive Industry Sub-Segment is Anticipated to Hold a Prominent Share of the Global Radial Forging Machine Market
Among the application, 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.
Regional Outlooks
The global radial forging machine market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, the Asia-Pacific regional market is expected to cater to prominent growth over the forecast period, however, the Europe region is projected to experience considerable growth in the radial forging machine market.
Global Radial Forging Machine Market Growth, by Region 2023-2030
The Asia-Pacific Region is Expected to Hold 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. For instance, in November 2018, China tested TMH20/15MN large radial precision forging machine at one heat load, and the first qualified high-end bar was forged. The successful test of the radial precision forging machine marks that the core manufacturing equipment of high-end pipe in China.
Market Players Outlook
The major companies serving the global radial forging machine market include American GFM Corp., J&H CHEM, Kurimoto, Ltd., Mitsubishi Motors Corp., SMS Siemag, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global machine market. Based on the availability of data, information related to new product launches, 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.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Radial Forging Machine Market by Type
4.1.1. Hot Forging
4.1.2. Cold Forging
4.2. Global Radial Forging Machine Market by Application
4.2.1. Automotive Industry
4.2.2. Hardware Tools
4.2.3. Engineering Machinery
4.2.4. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Ajax
6.2. American GFM Corp.
6.3. Fagor Arrasate S.Coop.
6.4. J&H CHEM
6.5. Kanematsu KGK
6.6. Komatsu Ltd.
6.7. Kurimoto, Ltd.
6.8. Lasco Medicare
6.9. Mitsubishi Motors Corp.
6.10. Qingdao Haoyuan Yiyou Forging Machinery Co., Ltd.
6.11. Schuler AG
6.12. SMS Siemag
6.13. Stamtec Industries
6.14. Sumitomo Corp.
6.15. TMP
1. GLOBAL RADIAL FORGING MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
2. GLOBAL HOT RADIAL FORGING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL COLD RADIAL FORGING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL RADIAL FORGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
5. GLOBAL RADIAL FORGING FOR AUTOMOTIVE INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL RADIAL FORGING FOR HARDWARE TOOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL RADIAL FORGING FOR ENGINEERING MACHINERY MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL RADIAL FORGING FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL RADIAL FORGING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. NORTH AMERICA RADIAL FORGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
11. NORTH AMERICA RADIAL FORGING MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
12. NORTH AMERICA RADIAL FORGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
13. EUROPEAN RADIAL FORGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
14. EUROPEAN RADIAL FORGING MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
15. EUROPEAN RADIAL FORGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
16. ASIA-PACIFIC RADIAL FORGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
17. ASIA-PACIFIC RADIAL FORGING MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
18. ASIA-PACIFIC RADIAL FORGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
19. REST OF THE WORLD RADIAL FORGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
20. REST OF THE WORLD RADIAL FORGING MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
21. REST OF THE WORLD RADIAL FORGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
1. GLOBAL RADIAL FORGING MARKET SHARE ANALYSIS BY TYPE, 2022 VS 2030 (%)
2. GLOBAL HOT RADIAL FORGING MARKET SHARE ANALYSIS BY REGION 2022 VS 2030 (%)
3. GLOBAL COLD RADIAL FORGING MARKET SHARE ANALYSIS BY REGION 2022 VS 2030 (%)
4. GLOBAL RADIAL FORGING MARKET SHARE ANALYSIS BY APPLICATION, 2022 VS 2030 (%)
5. GLOBAL RADIAL FORGING FOR AUTOMOTIVE INDUSTRY MARKET SHARE ANALYSIS BY REGION 2022 VS 2030 (%)
6. GLOBAL RADIAL FORGING FOR HARDWARE TOOLS MARKET SHARE ANALYSIS BY REGION 2022 VS 2030 (%)
7. GLOBAL RADIAL FORGING FOR ENGINEERING MACHINERY MARKET SHARE ANALYSIS BY REGION 2022 VS 2030 (%)
8. GLOBAL RADIAL FORGING FOR OTHER APPLICATIONS MARKET SHARE ANALYSIS BY REGION 2022 VS 2030 (%)
9. GLOBAL RADIAL FORGING MARKET SHARE ANALYSIS BY REGION 2022 VS 2030 (%)
10. US RADIAL FORGING MARKET SIZE, 2022-2030 ($ MILLION)
11. CANADA RADIAL FORGING MARKET SIZE, 2022-2030 ($ MILLION)
12. UK RADIAL FORGING MARKET SIZE, 2022-2030 ($ MILLION)
13. FRANCE RADIAL FORGING MARKET SIZE, 2022-2030 ($ MILLION)
14. GERMANY RADIAL FORGING MARKET SIZE, 2022-2030 ($ MILLION)
15. ITALY RADIAL FORGING MARKET SIZE, 2022-2030 ($ MILLION)
16. SPAIN RADIAL FORGING MARKET SIZE, 2022-2030 ($ MILLION)
17. REST OF EUROPE RADIAL FORGING MARKET SIZE, 2022-2030 ($ MILLION)
18. INDIA RADIAL FORGING MARKET SIZE, 2022-2030 ($ MILLION)
19. CHINA RADIAL FORGING MARKET SIZE, 2022-2030 ($ MILLION)
20. JAPAN RADIAL FORGING MARKET SIZE, 2022-2030 ($ MILLION)
21. SOUTH KOREA RADIAL FORGING MARKET SIZE, 2022-2030 ($ MILLION)
22. REST OF ASIA-PACIFIC RADIAL FORGING MARKET SIZE, 2022-2030 ($ MILLION)
23. REST OF THE WORLD RADIAL FORGING MARKET SIZE, 2022-2030 ($ MILLION)
