Rolling Mill And Other Metalworking Machinery Market Emerging Development Trends, Top Key Players, Industry Size, Share, And Forecast To 2033

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company's Rolling Mill And Other Metalworking Machinery Global Market Report 2024 identifies rising demand for steel as the major driver for the rolling mill and other metalworking machinery market's growth in the forecast period. Steel is a metal alloy composed primarily of iron and carbon, along with small amounts of other elements, and is widely used in the world due to its combination of strength, durability, and versatility. Rolling mills play a crucial role in the steel industry, where they are used to convert steel ingots or billets into various shapes and forms, including sheets, plates, rods, and structural sections.

The rolling mill and other metalworking machinery market size has grown strongly in recent years. It will grow from $26.14 billion in 2023 to $28.11 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to industrialization and construction, automotive and aerospace manufacturing, infrastructure development, raw material processing, quality and efficiency improvement.

The rolling mill and other metalworking machinery market size is expected to see strong growth in the next few years. It will grow to $36.8 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to digitalization and industry 4.0 integration, sustainability and eco-friendly manufacturing, customization and agile manufacturing, automation and robotics integration, globalization of manufacturing. Major trends in the forecast period include advanced materials processing, precision and micromachining, metal additive manufacturing, modular and reconfigurable machinery, energy-efficient processing.

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Major competitors in the rolling mill and other metalworking machinery market are TRUMPF Group, Amada Co. Ltd., Mitsubishi Electric, LST GmbH, Mazak, Milacron LLC, Bradbury Co Inc., Standex International Corporation.

A key trend in the rolling mill and other metalworking machinery market includes expansion strategies in the rolling mill industry. Major players operating in the market are focused on investments to expand their global presence to access new markets, diversify their customer base, and reduce supply chain risks. Investment in rolling mills establishes or improves metalworking facilities and machinery for processing metal products such as sheets and rods through rolling processes to boost production capacity and efficiency. For instance, in May 2022, Novelis Inc., a US-based provider of industrial rolling and recycling solutions, allocated $2.5 billion to construct a state-of-the-art low-carbon recycling and rolling mill in Bay Minette, Alabama, USA. This cutting-edge facility is set to produce 600 kilotons of finished aluminum products annually, marking a pivotal growth phase for Novelis. The investment underscores Novelis's unwavering commitment to aligning with its customers' requirements and offering sustainable, low-carbon aluminum solutions. This strategic decision is driven by robust demand in North America for flat-rolled, environmentally friendly aluminum used by beverage companies, emphasizing the role of aluminum packaging in sustainability and the circular economy.

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The rolling mill and other metalworking machinery market is segmented -
1) By Type: Wire Drawing and Fabricating Machinery, Coil Winding and Cutting Machinery, Rolling Mill Machines, Other Rolling Mill And Other Metalworking Machinery

2) By Capacity: Small, Medium, Large

3) By Application: Metal Manufacturing, Machinery and Equipment, Automotive, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the rolling mill and other metalworking machinery market.

The Business Research Company's "Global Rolling Mill And Other Metalworking Machinery Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Rolling Mill And Other Metalworking Machinery Market Include:
1. Rolling Mill And Other Metalworking Machinery Market Executive Summary
2. Rolling Mill And Other Metalworking Machinery Market Segments
3. Rolling Mill And Other Metalworking Machinery Market Size And Rolling Mill And Other Metalworking Machinery Market Growth Rate
4. Key Rolling Mill And Other Metalworking Machinery Market Trends
5. Major Rolling Mill And Other Metalworking Machinery Market Drivers
……
25. Key Mergers And Acquisitions In The Rolling Mill And Other Metalworking Machinery Market
26. Top Rolling Mill And Other Metalworking Machinery Companies
27. Rolling Mill And Other Metalworking Machinery Market Opportunities And Strategies
28. Rolling Mill And Other Metalworking Machinery Market, Conclusions And Recommendations
29. Appendix

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