The ring rolling products market experienced significant growth in 2024, driven by a recovery in global production. More specifically, the automobile industry, and in particular electric vehicles (EVs), gave rise to demand for light and strong components to make energy use more efficient.
Meanwhile, the aerospace industry continued its steady growth, with emerging aircraft manufacturing programs increasing demand for precision-rolled rings. Prices fluctuated significantly due to supply chain issues, particularly in high-quality steel and titanium.
The industry was defined at the regional level, wherein, North America and Europe focused on automation and staying green while the lead was taken by China and India, the Asia-Pacific led advancements in manufacturing, driving demand for ring rolling products.
Automated manufacturing technologies, which enhance efficiency and reduce costs, contribute to steady growth in 2025. It is expected that the value of the ring rolling products industry to increase to USD 4.56 billion by 2025. It is predicted to grow at a CAGR of 4.9% during 2025 to 2035, having reached USD 7.35 billion in 2035.
Wind power infrastructure, industrial equipment, and advances in aerospace technology will drive growth over the next decade. Moreover, Stricter global climate regulations will drive demand for sustainable practices like metal recycling and low-emission forging.
| Metric | Value |
|---|---|
| Industry Size (2025E) | USD 4.56 Billion |
| Industry Value (2035F) | USD 7.35 Billion |
| CAGR (2025 to 2035) | 4.9% |
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Global Trends
Regional Variance
The company is adopting new advanced manufacturing technologies
Major Trends
Perception of ROI (Return on Investment)
Consensus
High-Strength Steel Alloys: Due to their superior tensile strength and fatigue resistance, 67% of global stakeholders selected these.
Regional Material Choices
Shared Challenges
85% of surveyed participants indicated rising raw material and energy prices as a major concern.
Regional Price Sensitivities
Manufacturers
Distributors
Industrial Operators (End-Users)
Global Alignments
70% of world manufacturers intend to invest in automation, AI, and IoT-ready production lines.
Regional Differences
Key Takeaways
Strong Consensus: There persists a general importance of safety compliance, durability, and cost containment.
Key Variances
Strategic Insight
A single uniform solution is not feasible, as market demands vary by region. Firms must regionally customize their offerings:
That knowledge will shape 2025 and beyond into product development, pricing, and geographical expansion efforts for the industries.
| Countries | Regulatory Impact & Mandatory Certifications |
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| United States |
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| United Kingdom |
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| France |
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| Germany |
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| Italy |
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| South Korea |
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| Japan |
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| China |
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| India |
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| 2020 to 2024 | 2025 to 2035 |
|---|---|
| Post-pandemic growth and increased investment in infrastructure, as well as demand from aerospace and wind energy sectors, kept the industry stable. | As far as the scope of automation, advanced materials, and heavy funding in clean energy and electric mobility go, the industry is bound to evolve at a rapid pace. |
| Disruptions from COVID-19 have caused temporary shortages of components in the supply chain and labor shortages, varying prices of raw materials, and disrupted production cycles. | Supply chains will become stable: manufacturers will localize production and adopt digital supply chain management to build resilience. |
| All over the world, stimulus packages implemented by governments alongside strengthening manufacturing, automotive, and energy sectors led to increased demand for ring rolling products. | Policies fuelling significant industry growth will lead to strong regulatory support for clean manufacturing, renewable energy, and aerospace. |
| Aerospace demand fluctuated due to lower commercial aviation activity, but defense and space exploration divisions maintained steady revenue growth. | Strong recovery and innovation of aerospace sector, notably lightweight and high-performance alloys for next-gen aircraft. |
| Automotive demand was erratic amid chip shortages and supply chain issues, but EV growth propped up the industry. | EV penetration will increase demand for precision-forged parts, particularly aluminium and titanium components for lightweight vehicle structures. |
| Investment in wind energy continued, especially in Europe and China, leading to increased demand for large seamless rings. | Wind power is another driving force, with offshore wind farms and the next generation of turbine designs exploiting a new class of high-performance rolling components. |
By product form, the aerospace and slew bearings industry has the highest demand and is mainly used in the wind power industry, construction industry, and aircraft industry. The demand for wind turbine parts is expected to grow dynamically due to global investments in renewable energy. The automotive and aerospace industries continue to drive steady growth in demand for turbine gear blanks and discs.
The smooth ring segment continues to be a high-growth driver, particularly in oil and gas and heavy equipment applications. The demand for pressure vessels will continue to increase in industries with higher safety requirements, such as energy storage and industrial processing.
Steel continues to dominate due to its superior strength, toughness, and cost-effectiveness and hence why it is still the preferred material across all industry sectors. However, titanium and aluminum hold significant potential for rapid growth, especially in aerospace and automotive applications where lightweight components boost fuel efficiency.
Due to its temperature-resistant nature, nickel-based alloy is also growing at a high compound annual growth rate, making it a crucial component for aerospace and energy applications. Innovations like composite-metal hybrids are being built with high performance and lightweight at lower costs, and these also are catching on in corrosion-resistant uses and in high-performance applications, such as marine and oil & gas.
The radial axial rolling process is the most widely used production tech since it can produce high concentricity rings for critical precision applications like wind power, aerospace, etc. Among the various services, the industry for vertical ring rolling is rapidly expanding due to high demand for large-diameter parts used in wind turbines and heavy machinery.
The horizontal ring rolling process has been the most used process in automotive and rail applications, providing a high efficiency in the manufacture of small and mid-range rings. in all three production technologies to ensure improved output quality and defect minimization.
Ring rolling products are commonly used in the automotive and aerospace industries, where products such as engine components, transmission systems, and structural components are in high demand. The wind power industry is the fastest growing, powered by global pledges for renewable energy growth. The railway industry is also expanding due to the large-scale rail transport infrastructure projects in various regions.
The marine sector is experiencing moderate and stable demand, with a focus on performance alloys to ensure corrosion protection. While traditional manufacturing industries remain significant, their growth is declining as investments shift toward renewables.
Rings ranging from 500 to 1000 mm have a predominance of application in the automotive, aerospace, and equipment enterprises. The fastest-growing segment is associated with 1000 to 2000 mm rings, primarily used as wind turbines and heavy machinery equipment. The 2000-5000 mm rings have the bulk of their applications in wind energy, offshore, and oil & gas.
They are growing due to offshore wind projects around the globe and deep-sea exploration. Precision engineering and high-performance applications, particularly in the defence and aerospace industries, have a significant demand for sub-500 mm rings due to their ability to reduce space and weight, which is crucial when designing for power or work.
The ring rolling products industry is witnessing growth in the United States due to the presence of strong automotive, aerospace, and defence industries. The estimated incremental opportunity for the industry in the USA shall remain 5.2%. Demand for such components is driven by the Biden administration's infrastructure bill and greater investment in renewable energy projects.
Higher demand for strong metal rings is also being created by NASA and private space programs (e.g. SpaceX, Blue Origin). Strict quality and waste reduction regulations from OSHA, EPA, and ASTM are driving manufacturers toward high-end automation and AI-based defect detection. This growth in domestic production and reshoring efforts strengthens the USA industry as a key hub for ring rolling products.
The UK ring rolling sector is expanding, with rising demand in the aerospace, defense, and offshore wind power sectors. Post-Brexit trade policies have also promoted local production, reducing dependence on EU imports. The UKCA marking has taken the place of the CE marking, requiring businesses to re-evaluate their compliance strategies.
This has led to a focus on sustainability, with the UK government’s net-zero ambition (looking toward 2050) driving demand for a low-carbon manufacturing offering. The aerospace sector, still a major user of high-precision forged parts, is dominated by players such as Rolls-Royce and BAE Systems. Still, instability in the economy and fluctuating steel prices can cause issues. FMI opines that the United Kingdom rolling ring products industry will grow at nearly 4.5% CAGR through 2025 to 2035.
France has a strong industry for ring rolling products, primarily supported by the aerospace, automotive, and defence industries. As home of Airbus, France has very strict aviation standards (EN 9100) demanding very high quality on forged parts. In addition, heavy industries are subject to strong emissions control obligations under ICPE in France, which drives manufacturers to greener production technologies.
There is also enforcement of recycling in metal forging through the Extended Producer Responsibility (EPR) Law. France’s strong industrial base ensures stable demand, but high energy costs and competition from low-cost manufacturers in Asia and Eastern Europe may slow growth. FMI opines that the France rolling ring products industry will grow at nearly 4.6% CAGR through 2025 to 2035.
Its strong automotive, aerospace, and industrial sectors make Germany an important industry in terms of high-performance ring rolling products. German carmakers like Volkswagen, BMW, and Mercedes-Benz are propelling higher demand for precision-forged parts, especially for electric vehicles. The TÜV certification ensures that the produced forged parts meet high safety and strength requirements.
Germany has been actively addressing these issues by promoting greener manufacturing through the Energieeffizienzgesetz (Energy Efficiency Law), which encourages manufacturers to invest in low-carbon and energy-efficient technologies. However, growing labor costs and raw material scarcity are hindering the industry growth. FMI opines that the Germany’s rolling ring products industry will grow at nearly 5.0% CAGR through 2025 to 2035.
The Italian automotive, machinery, and shipbuilding industry provides considerable support for the ring rolling products industry. The country complies with EU CE Marking and UNI Standards, ensuring its metal forging products maintain high standards. It provides RINA certification for the supply of forged rings to Italy's heavy marine and defence sectors.
Investment in green forging technologies and automated manufacturing may enable the Italian industry to remain competitive over the next 10 years. FMI opines that the Italy’s rolling ring products industry will grow at nearly 4.3% CAGR through 2025 to 2035.
The South Korean ring rolling industry is mainly driven by the shipbuilding, automotive, and aerospace sectors in the country. Demand for high-strength, corrosion-resistant metal rings is driven by companies including Hyundai Heavy Industries and Samsung Heavy Industries. KS (Korean Industrial Standards) controls manufacturing quality, enabling high precision for industrial applications. Additionally, South Korea launched a Green New Deal, aiding manufacturers to transition to eco-friendly forging methods.
Robotic automation, Internet of Things (IoT)-based forging technologies, investments in HMLV (high, medium, and low volume) forging tools, and research partnerships for new materials will all make forging better in terms of quality, productivity, and yield. However, growth could be slowed down by a reliance on imported raw materials and trade risks. FMI opines that the South Korea’s rolling ring products industry will grow at nearly 4.7% CAGR through 2025 to 2035.
Precision engineering, quality control, and high safety standards dominate Japan's industry for ring rolling products (JIS and JIS Q 9100 for aerospace). However, the high cost of manufacturing and low rate of adoption of automation slow down the progress to an extent. Japan’s industrial sector, despite an aging infrastructure, has been upgrading its forging capabilities, focusing on compact and high-strength metal solutions.
Moreover, manufacturers are likely to take on low-emission forging processes soon under Japan's 2050 Carbon Neutrality Targets, providing an opportunity for sustainable innovation. FMI opines that the Japan’s rolling ring products industry will grow at nearly 4.2% CAGR through 2025 to 2035.
The rapidly increasing investments in various industrial sectors, including automotive and construction, as well as renewable energy, are some of the factors likely to increase the scope of ring rolling products. China holds the largest industry for ring rolling products, closely followed by North America and Europe.
China’s vast steel-making capacity offers competitive pricing, but increasing environmental regulations and trade tensions with Western economies may impact exports. Investment in next-generation automation, AI-based quality control, and high-performance materials will remain key in keeping China ahead of global production. FMI opines that the China rolling ring products industry will grow at nearly 5.5% CAGR through 2025 to 2035.
FMI opines that the India rolling ring products industry will grow at nearly 5.2% CAGR through 2025 to 2035. The ring rolling sector in India has been gaining steam as government infrastructure initiatives, automotive industry growth, and defence production take off. The Make in India campaign is encouraging local manufacture while reducing import dependence.
Supply chain congestion and inconsistent enforcement of rules can present hurdles, too. Increasing foreign direct investment (FDI) in the manufacturing sector is likely to lead to healthy demand for precision-forged components over the next 10 years.
In the ring rolling products industry, players concentrate on pricing strategy, innovation, service, geographic presence, and strategic partnerships. Price-wise, it may be low, but firms still have to cope with high-class material without breaking the bank. Large players are heavily investing in technologies like new forging methods, AI-based quality inspection, and lightweight alloys for aerospace and EV firms.
Companies in this sector align with OEMs and energy players to solidify supply chains, while developments in emerging industries propel revenues. It not only contributes to global carbon reduction efforts but also learns about sustainability practices, from low-emission production to recycled content.
Industry Share
SMS Group (Germany)
Forgital Group (Italy)
Scot Forge (USA)
Hirschvogel Group (Germany)
Bharat Forge (India)
Farinia Group (France)
The aerospace, wind turbine, automotive, oil & gas, and rail industries constitute the largest share, as they need high-strength, precision-forged components.
In manufacturing, we’re already seeing AI-driven automation, predictive maintenance, and smart forging.
The strict environmental protection policies are forcing companies to choose low-emission forging and recyclable products and energy-efficient production.
Europe and China lead in offshore wind expansion, while India and Southeast Asia are emerging as cost-competitive manufacturing hubs.
3D simulation, digital twins, and intelligent alloys have made parts lighter, stronger, and more durable.
The industry is segmented into slew bearings, turbine disc, gear blanks, aerospace components, wind turbine components, seamless ring and pressure vessels
It is fragmented into steel, aluminum, titanium, nickel based alloy and others
It is segmented into horizontal, vertical and radial axial
It is segmented among automotive, aerospace, railway industry, marine, oil & gas, wind power, construction and others
It is segmented as Up to 500 mm, 500 to 1000 mm, 1000 to 2000 mm, 2000 to 3000 mm, 3000 to 4000 mm and 4000 to 5000 mm
The sector is fragmented among North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe, Central Asia, Russia and Belarus, Balkan and Baltics Countries, Middle East and Africa
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Ring Rolling Products Market
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