Press release
Hot Roll Slitter Market: Unveiling Growth Opportunities || Orion Graphic Machinery, Lifetime Products Inc., Windmoller & Holscher Machinery k.s
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company presents an extensive market research report on the Hot Roll Slitter Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The hot roll slitter market size has grown steadily in recent years. It will grow from $2.47 billion in 2023 to $2.59 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to steel and metal industry expansion, demand for precision slitting, automotive sector requirements, globalization of manufacturing, energy sector demand.
The hot roll slitter market size is expected to see steady growth in the next few years. It will grow to $3.06 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to renewable energy infrastructure projects, focus on lightweight materials, customization and flexibility, stricter environmental standards, urbanization and construction trends. Major trends in the forecast period include digitalization in manufacturing, technological advancements in metal processing, adoption of advanced material handling technologies, integration of industry 4.0 technologies, focus on energy efficiency and sustainability.
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Key Market Players:
Orion Graphic Machinery, Lifetime Products Inc., Windmoller & Holscher Machinery k.s., Oteman, HPL Electric And Power Ltd, Svegea Of Sweden AB, HCI Converting Equipment Co Ltd., Comexi Group Industries S.A.U, Parkland Machines Ltd., Atlas Converting Equipment Ltd., Ghezzi & Annoni S.R.L., Toray Engineering Co Ltd., TTR Euroworks BV, KingJime Machine Co Ltd, BlueSky Machine Co Ltd., Rosenthal Manufacturing Co Inc., Greer Steel Co Inc., Euromac SRL, Grand Steel Products Inc., Universal Converting Equipment Ltd, ASHE Controls Limited, CMC Converting Machinery Cevenini S.r.l, Dah Bah Machinery Industrial Inc., H. R. (Paper) Machinery Private Limited, LIDEM Mechanical Constructions S.L., Ribamatic, Web Control Machinery Corp. are prominent players in the industry.
Market Drivers:
The increasing demand for stainless steel is expected to propel the growth of the hot roll slitter market going forward. Stainless steel is a steel alloy containing chromium that offers improved corrosion resistance over traditional lower alloy and carbon steels. A hot roll slitter cuts hot-rolled stainless-steel strips into smaller widths and recoils the resulting strands into a finished coil. For instance, in April 2023, according to GMK Center, a Ukraine-based steel market consulting company, the global stainless-steel production increased by 10.6% compared to 2020 - up to 56.3 million tons in 2021, and it is expected to increase by 4% y/y to reach 58.6 million tons in 2022. Therefore, the increasing demand for stainless steel is driving the growth of the hot roll slitter market.
Learn More About The Market Report - https://www.thebusinessresearchcompany.com/report/hot-roll-slitter-global-market-report
Market Segments Include:
1) By Type: Log Slitting, Rewind Slitting
2) By Blade: Shear, Razor, Score
3) By Application: Paper And Pulp, Printing And Packaging, Non-Woven Fabric, Other Applications
4) By End-User: Industrial, Commercial, Personal Use
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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