Rolling Mill And Other Metalworking Machinery Global Market Report 2024 - By Report, Size, Share And Industry Drivers, Outlook By 2033

"The new report published by The Business Research Company, titled Rolling Mill And Other Metalworking Machinery Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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.

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

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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.

Contents of the report:
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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