Rolling Mill And Other Metalworking Machinery Market Expected to Achieve 6.7% CAGR by 2029: Growth Forecast Insights

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How Large Will the Rolling Mill And Other Metalworking Machinery Market Size By 2025?
The market size for rolling mill and other metalworking machinery has seen robust growth in recent years. It is projected to escalate from $27.55 billion in 2024 to $29.65 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%. Factors such as industrialization and construction, manufacturing in automotive and aerospace sectors, development of infrastructure, raw material processing, and enhancements in quality and efficiency have contributed to the growth during the historic period.

How Big Is the Rolling Mill And Other Metalworking Machinery Market Size Expected to Grow by 2029?
In the forthcoming years, the market size for the rolling mill and other metalworking machinery is anticipated to witness robust growth. By 2029, it's projected to make a leap to $38.49 billion, with a compound annual growth rate (CAGR) of 6.7%. Factors contributing to this growth throughout the projected period include the implementation of digitalisation and Industry 4.0, sustainability and environmentally-friendly production, customization alongside agile manufacturing, and the integration of automation and robotics. The blossoming market is also expected to see several trends during the forecast period such as enhanced materials processing, precision and micromachining, metal additive manufacturing, modular and reconfigurable machinery, and energy efficiency in processing.

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Which Key Market Drivers Powering Rolling Mill And Other Metalworking Machinery Market Expansion and Growth?
The growth of the rolling mill and other metalworking machinery market is expected to be bolstered by the growing demand for steel. Steel, a metal alloy that includes primarily iron, carbon, and minor quantities of other elements, is highly valued for its strength, longevity, and flexibility. Steel ingots or billets are transformed into a variety of shapes and forms such as sheets, plates, rods, and structural sections in the steel industry, a process that heavily relies on rolling mills. For example, as per the World Steel Association located in Belgium, steel demand is set to bounce back by 2.3% in April 2023, resulting in a total of 1,822.3 million metric tons (Mt). Furthermore, a rise of 1.7% in steel demand is anticipated, reaching a sum of 1,854.0 million metric tons (Mt) in 2024. Hence, the burgeoning demand for steel is causing a surge in the growth of the rolling mill and other metalworking machinery market.

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Which Fast-Growing Trends Are Poised to Disrupt the Rolling Mill And Other Metalworking Machinery Market?
Major market entities are strategizing on injecting capital to enlarge their international footprint, enabling access to fresh markets, diversifying their consumer portfolios, and minimizing risks associated with supply chains. Putting resources into rolling mills fortifies or improves facilities and machinery for the processing of metal items like sheets and rods, thereby augmenting production capabilities and productivity. Notably, Novelis Inc., a US-based leader in industrial rolling and recycling solutions, committed $2.5 billion in May 2022 towards establishing an advanced low-carbon recycling and rolling mill based in Bay Minette, Alabama, USA. Expected to generate an annual output of 600 kilotons of finished aluminum goods, this state-of-the-art facility is indeed a crucial growth indicator for Novelis. This financial commitment personifies Novelis's steadfast dedication towards meeting their clients' needs and providing sustainable, low-carbon aluminum solutions. This tactical move is steered by the surging demand in North America for flat-rolled, eco-friendly aluminum adopted by beverage brands, highlighting the significance of aluminum packaging in sustainability and the circular economy.

What Are the Emerging Segments 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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Who Are the Global Leaders in the Rolling Mill And Other Metalworking Machinery Market?
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.

Which are the Top Profitable Regional Markets for the Rolling Mill And Other Metalworking Machinery Industry?
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.

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