Radial Forging Machines Market to Witness Robust Growth by 2033 - Driven by Automation, Energy Efficiency, and Advanced Material Demand | Projected CAGR of 6.5% 2025-2033

According to a new study by DataHorizzon Research, the "Radial Forging Machines Market" is projected to grow at a CAGR of 6.5% from 2025 to 2033, driven by increasing adoption of automated forging systems, rising demand for high-performance metal components, and the expansion of aerospace, automotive, and oil & gas sectors. The market is also witnessing a shift toward precision engineering and digital control systems, which enhance productivity, material utilization, and product consistency. As manufacturers seek to improve efficiency, reduce waste, and optimize energy use, radial forging machines are becoming a preferred choice in advanced metal forming processes.

Market Size & Insights

The global radial forging machines market is experiencing significant growth due to technological advancements and rising applications in critical industries such as automotive, defense, aerospace, energy, and heavy machinery. The radial forging machines market is valued at approximately USD 1.2 billion in 2024 and is anticipated to reach around USD 2.5 billion by 2033, reflecting a CAGR of 6.5% from 2025 to 2033.

The adoption of CNC-controlled radial forging machines has revolutionized the forging process by allowing for high precision, consistency, and improved mechanical properties of forged components. Increasing investments in lightweight materials, such as titanium and aluminum alloys, have further accelerated market growth, as radial forging offers excellent grain refinement and strength-to-weight ratios. Additionally, the growing emphasis on green manufacturing and energy-efficient forging technologies has encouraged leading players to develop eco-friendly systems with optimized performance.

Asia Pacific dominates the market, driven by strong industrialization and manufacturing infrastructure in China, Japan, and India. Meanwhile, North America and Europe continue to focus on modernization and smart manufacturing technologies, contributing significantly to the overall growth trajectory.

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Important Points

• Rising demand for lightweight, high-strength materials across key industries.
• Technological shift toward CNC and fully automated forging systems.
• Increasing adoption in aerospace, automotive, and energy sectors.
• Continuous innovation in die design and temperature control mechanisms.
• Strategic collaborations and R&D investments by leading manufacturers.
• Strong emphasis on sustainability and energy-efficient forging processes.

Key Factors Driving the Future Growth of the Radial Forging Machines Market

• Automation & Digitalization: Integration of CNC systems, sensors, and AI-driven control for improved precision and productivity.
• Aerospace & Defense Expansion: Surge in demand for high-performance forged components for aircraft engines and defense vehicles.
• Sustainability Initiatives: Development of energy-efficient forging systems to meet global carbon emission standards.
• Material Innovation: Growing need for forging titanium, superalloys, and composite metals for lightweight applications.
• Industrial Modernization: Upgradation of conventional forging plants to Industry 4.0-ready facilities.
• Government Support: Infrastructure development and manufacturing incentives across emerging economies.

Top 10 Market Companies

• SMS group GmbH
• GFM GmbH
• Mitsubishi Heavy Industries Ltd.
• Schuler AG
• Siempelkamp Pressen Systeme GmbH
• TMP (Toyo Machinery & Metal Co. Ltd.)
• FOMAS Group
• Lasco Umformtechnik GmbH
• Anyang Forging Press Machinery Industry Co. Ltd.
• Danieli Group

Market Segments

By Machine Type:
o Hot Forging
o Warm Forging
o Cold Forging

By Forging Type:
o Custom Forging
o Captive Forging

By Application:
o Automotive
o Aerospace
o Industrial
o Oil & Gas
o Power Generation
o Others

By Forging Material:
o Steel
o Aluminum
o Titanium
o Others

By Region:
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East & Africa

Recent Developments

• SMS group GmbH introduced a high-efficiency forging system with integrated digital monitoring for precision manufacturing.
• Mitsubishi Heavy Industries expanded its forging machine lineup to cater to the aerospace and renewable energy industries.
• GFM GmbH launched an intelligent control platform for real-time process optimization and defect reduction.
• Siempelkamp Pressen Systeme GmbH invested in automation technologies to enhance energy efficiency and performance.
• Lasco Umformtechnik GmbH collaborated with European research institutes to develop eco-friendly forging solutions.
• FOMAS Group enhanced its R&D capabilities by integrating predictive maintenance and smart diagnostics into its forging equipment.

Regional Insights

Asia Pacific is the fastest-growing region in the radial forging machines market, accounting for the largest share due to rapid industrialization, strong automotive and aerospace manufacturing bases, and rising investments in high-precision metal forming technologies. China, Japan, and India are key contributors, with continuous innovation in CNC machinery and metallurgical research. Europe maintains a strong foothold through advanced engineering and automation, while North America is driven by demand for forged parts in defense and oil & gas sectors. Emerging markets in Latin America and the Middle East & Africa are witnessing gradual adoption through industrial modernization programs.

Market Outlook

The future outlook for the radial forging machines market remains highly promising as industries transition toward smart manufacturing and precision metal forming. The next decade is expected to bring rapid advancements in digital twin technology, AI-driven process control, and sustainability-focused forging solutions. Manufacturers are increasingly emphasizing product differentiation through efficiency, energy savings, and reduced material waste.

Furthermore, the growing focus on lightweighting in automotive and aerospace applications will boost demand for machines capable of processing exotic alloys and titanium-based materials. The expansion of global supply chains and renewed infrastructure spending are expected to increase the need for forged components across multiple industries.

The market will also see a surge in customized and modular machine designs, allowing end-users to scale production based on requirements. As global manufacturers shift toward low-carbon production, radial forging systems with advanced heat management and real-time control will play a pivotal role. Overall, the market is set for strong and sustained growth, driven by technological innovation, industrial expansion, and environmental compliance.

Contact:
Ajay N
Ph: +1-970-633-3460

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DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR's comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.

This release was published on openPR.