Rolling Mill And Other Metalworking Machinery Market Growth, Key Drivers, Segmentation, And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Rolling Mill And Other Metalworking Machinery Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $36.8 billion In 2028 At A CAGR Of 7.0% :

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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Rolling Mill And Other Metalworking Machinery Market Major Segments
The rolling mill and other metalworking machinery market covered in this report 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

Key Driver - Steel Demand Surge Fuels Growth In The Rolling Mill And Metalworking Machinery Market

The rising demand for steel is expected to propel the growth of the rolling mill and other metalworking machinery market going forward. 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. For instance, in April 2023, according to the World Steel Association, a Belgium-based trade association, steel demand is predicted to rebound by 2.3%, reaching a total of 1,822.3 million metric tons (Mt). Moreover, steel demand is projected to grow by 1.7% to a total of 1,854.0 million metric tons (Mt) in 2024. Therefore, the rising demand for steel is driving the growth of the rolling mill and other metalworking machinery market.

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Prominent Trend - Global 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.

Rolling Mill And Other Metalworking Machinery Market Players
Major companies operating in the rolling mill and other metalworking machinery market include TRUMPF Group, Amada Co. Ltd., Mitsubishi Electric, LST GmbH, Mazak, Milacron LLC, Bradbury Co Inc., Standex International Corporation, Greenlee Tools Inc., Kuka Systems North America LLC, American Roller Company LLC, Danieli Corporation, George Koch Sons LLC, Jr Technology Group LLC, Bright Machines Inc., SMS Group GmbH, Primetals Technologies Limited, Fives Group, Andritz AG, Nucor Corporation, JTEKT Corporation, Okuma Corporation, DMG Mori Co Ltd., Makino Milling Machine Co Ltd., Haas Automation Inc., Doosan Machine Tools Co. Ltd., Komatsu Ltd., Mori Seiki Co Ltd., Fanuc Corporation, Siemens AG, ABB Ltd.

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Largest And Fastest Growing Region In The Market
The Asia-Pacific was the largest region in the rolling mill market in 2023. Western Europe was the second largest region of the rolling mill market. The regions covered in the rolling mill and other metalworking machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Rolling Mill And Other Metalworking Machinery Market Report Structure
3. Rolling Mill And Other Metalworking Machinery Market Trends And Strategies
4. Rolling Mill And Other Metalworking Machinery Market - Macro Economic Scenario
5. Rolling Mill And Other Metalworking Machinery Market Size And Growth
…..
27. Rolling Mill And Other Metalworking Machinery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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