Rolling Mill Market: CAGR, Market Forecast & Analysis (2023-2029)

Globe Industry Analysis

The rolling mill market is growing globally with the increasing demand for high-quality steel and metal products. Rolling mills are used to reduce the thickness and increase the length of metal sheets, which are used in various applications like construction, automotive, and industrial machinery. The increasing demand for infrastructure development, rising automobile production, and growth in the industrial sector are contributing to the growth of the rolling mill market.

Depending on the temperature of the metal rolled, rolling can be of two types- hot rolling and cold rolling. If the temperature of the metal is above recrystallization, the process is hot rolling and cold rolling is when the temperature is below recrystallization.

Click on the link for sample report: https://www.persistencemarketresearch.com/samples/30431

Rolling mill is used to increase the hardness of metal by decreasing the width. A rolling mill is typically used in steel industry to shape products such as angle stock, bar stock, rails, channel stock and I-beams. To decrease the thickness of metal before turning it into jewelry, smaller rolling mills are used by jewelers.

It can also be used to impose patterns on metals. Rolling mills are even used in creation of furniture, while bending straight metal sheets into curved formats. Rolling mills increase speed of the production and hence are cost effective in the long-run.

History of rolling mills goes back centuries. At later stages, grooved rolls were used for rolling iron bars. Now rolling mills are used to give metal products their final shapes and finishing operations. Products such as steel plates only require hot-rolling, whereas steel used for cars and white goods require both hot and cold rolling.

Rolling Mill Market: Dynamics

Construction industry has tremendous growth rate coupled with upsurge in automotive and transportation industry which rely on the growth in rolling mills market. Steel industry mainly drives the rolling mills markets. Increased infrastructure development with emerging economies is boosting the rolling mills market. Availability of small sized rolling mills for imposition of metals used in jewelry making is another driver for the market.

Hot rolling process have certain drawbacks such as residual stress caused by uneven cooling which may result in deformation of the metal product, and lowered strength index. Another area of concern is that structural steel/metal has low fire resistance and it is susceptible to corrosion along with high cost of manufacturing, all these factors may affect the rolling mill market.

Growth in the rolling mill market is driving developments such as improvements in the dimensional tolerances, cooling equipment in hot rolling processes, better formability, higher strength steels, high surface quality and corresponding weight reductions.

Rolling Mill Market: Segmentation

By machine type

• Two high rolling mill
• Three high rolling mill
• Four high rolling mill
• Tandem rolling mill
• Cluster rolling mill
• Planetary rolling mill

By process

• Controlled rolling
• Forge rolling
• Profile rolling
• Ring rolling
• Hot rolling
• Cold rolling

By application

• Metal fabrication
• Household appliances
• Construction materials
• Railway tracks

By end use

• Automotive and Transportation
• General Manufacturing
• Construction
• Residential and Commercial
• Defense
• Energy

Click on the link for customized report: https://www.persistencemarketresearch.com/request-customization/30431

Rolling Mill Market: Regional Outlook

North America is one of the prominent regions in steel manufacturing as well as construction industries, thus contributing to the enormous growth in rolling mills market. In Asia pacific region, countries like China, India and expected to create upsurge in the rolling mills market owing to the growing infrastructure, development in transportation and automotive industries.

Southeast Asia is also expected to have a fair share in the rolling mills markets. Rolling mill market is expected to grow immensely in Middle East and African region as for emerging economies. Transportation and aerospace industries in Europe are expected to boost the rolling mill market.

Rolling Mill Market: Key Participant

Some of the key players in the global rolling mill market are:

• Schlebach Maschinen GmbH.
• Baileigh Industrial Holdings LLC
• Rio Grande
• Pepetools
• Nosstec AB
• The Contenti Company
• Durston Tools
• JP Steel Plantech Co.
• Durma
• Benign Enterprise co.
• Faccin S.p.A.
• Carell Corp.
• Amada Co. Ltd.
• LST GmbH

The report covers exhaustive analysis on:

• Rolling Mill Market Segments
• Rolling Mill Market Dynamics
• Rolling Mill Market Size
• New Sales of Rolling Mill
• Current Trends/Issues/Challenges in the Rolling Mill Market
• Competition & Companies Involved in Rolling Mill
• New Technology for Rolling Mill
• Value Chain of the Rolling Mill Market

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The global Rolling Mill market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the Rolling Mill market
• In-depth Rolling Mill market segmentation
• Historical, current, and projected Rolling Mill market size in terms of volume and value
• Recent industry trends and developments in the global Rolling Mill market
• Competitive landscape
• Strategies of key players and products offered in the global Rolling Mill market

Click on the link to pre-book the report: https://www.persistencemarketresearch.com/checkout/30431

Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:
Expert analysis, actionable insights, and strategic recommendations - the industrial automation team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on IT & Telecommunications of which 100+ reports specific for IT & Telecommunications. The team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the IT & Telecommunications industry.

This release was published on openPR.