Radial Forging Machine Market Will Generate Record Revenue by 2029

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.

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Market Coverage

Market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
Radial Forging Machine Market Segmentation

By Type

Hot Forging
Cold Forging
By Application

Automotive Industry
Hardware Tools
Engineering Machinery
Others
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Regional Analysis

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

Company Profiles

Ajax
American GFM Corp.
Fagor Arrasate S.Coop.
J&H CHEM
Kanematsu KGK
Komatsu Ltd.
Kurimoto, Ltd.
Lasco Medicare
Mitsubishi Motors Corp.
Qingdao Haoyuan Yiyou Forging Machinery Co., Ltd.
Schuler AG
SMS Siemag
Stamtec Industries
Sumitomo Corp.
TMP
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