The invention discloses a resonance type radial forging machine and forging application thereof, and belongs to the technical field of forging equipment. The lifting device comprises a lower frame plate, an upper frame plate which can ascend and descend and is parallel to the lower frame plate, and two lifting guide rods which are fixedly arranged on the upper frame plate, a platform counter bore is formed in the lower frame plate, a rotating platform is mounted in the platform counter bore, and a hammer excitation device, an axial locking device and two hammer resonance devices are mounted on the upper frame plate; the two hammerhead resonance devices are the same in structure, and each hammerhead resonance device comprises a driving gear, a swing rod, a pendulum bob, a resonance hammerhead, a sliding telescopic rod, a hammerhead locking spring, a quasi-static base and a mass block. The resonance type radial forging machine is reasonable in structure, the radial forging acting force is remarkably improved through the resonance effect, the circumferential and axial forging uniformity of forge piece blanks can be remarkably improved, and the high-quality forging effect is achieved.