Top Factor Driving Rolling Mill And Other Metalworking Machinery Market Growth in 2025: Steel Demand Surge Fuels Growth In The Rolling Mill And Metalworking Machinery Market

How Big Is the Rolling Mill And Other Metalworking Machinery Market Expected to Be, and What Will Its Growth Rate Be?
In recent times, the market size for rolling mill and other metalworking machinery has experienced significant growth. It's projected to expand from $27.55 billion in 2024 to approximately $29.65 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.6%. Factors such as industrialization, construction, as well as automotive and aerospace manufacturing can be credited for the growth during the historic period. Similarly, infrastructure development, raw material processing, and improvements in quality and efficiency also contributed to the market's expansion.

The market size for the rolling mill and other metalworking machinery is anticipated to experience significant growth in the coming years. The value of this market is projected to reach $38.49 billion by 2029, with a compound annual growth rate (CAGR) of 6.7%. The expected growth during the forecast period can be credited to advancements like digitalization and the integration of Industry 4.0, eco-friendly and sustainable manufacturing, customization, agile manufacturing, and the integration of automation and robotics. During the forecast period, the trends that will heavily influence the market include advanced materials processing, precision and micromachining, metal additive manufacturing, modular and adjustable machinery, and energy-efficient processing.

What Are the Primary Growth Drivers for the Rolling Mill And Other Metalworking Machinery Market?
The upward thrust in steel demand is anticipated to fuel the expansion of the rolling mill and other metalworking machinery market. Formed primarily of iron and carbon with traces of other elements, steel is a metal alloy heralded for its strength, durability, and multipurpose nature, increasing its global use. Rolling mills are key in the steel industry, transforming steel ingots or billets into different shapes and sizes, ranging from sheets, plates, rods to structural sections. As per the World Steel Association, based in Belgium, a surge in steel demand by 2.3% is foreseen in April 2023, taking the total to 1,822.3 million metric tons (Mt). The demand is further predicted to swell by 1.7% in 2024, shooting the total to 1,854.0 million metric tons (Mt). Hence, the escalating demand for steel is propelling the growth of the rolling mill and metalworking machinery market.

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Who Are the Dominant Companies Influencing Rolling Mill And Other Metalworking Machinery Market Trends?
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.

How Is the Rolling Mill And Other Metalworking Machinery Market Evolving?
Key market participants are concentrating their energies on broadening their investment portfolios in order to bolster their international visibility, penetrate fresh markets, diversify the demographics of their consumers, and minimize supply chain vulnerabilities. Investing in rolling mills enhances or sets up facilities and machinery intended for metal production tasks, thus improving the processing of metal items such as sheets and rods via rolling, thereby amplifying production potential and efficacy. For example, Novelis Inc., a US-based concern specializing in the provision of industrial rolling and recycling solutions, designated $2.5 billion in May 2022 for the erection* of an innovative low-carbon recycling and rolling mill in Bay Minette, Alabama, USA. This state-of-the-art establishment is projected to yield 600 kilotons of final aluminium products per annum, signifying a crucial stage of growth for Novelis. This financial input demonstrates Novelis's steadfast dedication to synchronizing with the needs of its clientele and delivering sustainable, low-carbon aluminium resolutions. Influenced by vigorous demand in North America for flat-rolled, eco-friendly aluminium by beverage firms, this tactical move underlines the significance of aluminium packaging in sustainability and the circular economy.

What Are the Different Segmentations in the Rolling Mill And Other Metalworking Machinery Market?
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

Subsegments:
1) By Wire Drawing And Fabricating Machinery: Wire Drawing Machines, Wire Fabricating Machinery
2) By Coil Winding And Cutting Machinery: Coil Winding Machines, Coil Cutting Machines
3) By Rolling Mill Machines: Hot Rolling Mill Machines, Cold Rolling Mill Machines, Steckel Rolling Mill Machines
4) By Other Rolling Mill And Other Metalworking Machinery: Forging Machinery, Metal Shearing Machines, Punching Machines, Bending Machines, Other Metalworking Machinery

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Which Region Is at the Forefront of the Rolling Mill And Other Metalworking Machinery Market?
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.

What Is Covered In The Rolling Mill And Other Metalworking Machinery Global Market Report?

- Market Size Analysis: Analyze the Rolling Mill And Other Metalworking Machinery Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Rolling Mill And Other Metalworking Machinery Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Rolling Mill And Other Metalworking Machinery Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Rolling Mill And Other Metalworking Machinery Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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