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.
Radial Forging Machine Market research report also helps key participants to know whether developing a novel product or service is appealing or not. It also guides by telling the exact position of the firm in the market. It allows testing business ideas and provides tips to make right investment. There are several novel businesses in the market come across various kinds of consumers and this detailed report provides them an ability of understanding how target consumers think and adapt to their requirements. Important market growth related aspects are also discussed in this Radial Forging Machine Market report.
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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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