Rolling Mill And Other Metalworking Machinery Industry Outlook 2025-2029: Market Set to Cross $37.54 Billion Milestone

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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 witnessed a considerable expansion in the recent past. The $27.6 billion market in 2024 is projected to surge to $29.18 billion by 2025, indicating a compound annual growth rate (CAGR) of 5.7%. The prevalent growth during the historical phase is predominantly due to industrialization and construction, the manufacturing of automobiles and aerospace, infrastructure enhancement, processes of rare material, and improvement in quality and efficiency.

How Big Is the Rolling Mill And Other Metalworking Machinery Market Size Expected to Grow by 2029?
The market size for rolling mills and other metalworking machinery is predicted to exhibit robust growth in the coming years, escalating to $37.54 billion by 2029 with a compound annual growth rate (CAGR) of 6.5%. The projected advancement in the forecast period can be ascribed to influences such as the integration of digitalization and Industry 4.0, sustainable and environmentally friendly production methods, customization coupled with agile manufacturing, the amalgamation of automation and robotics, and the globalization of manufacturing. Emerging trends within this forecast period encompass advancements in material processing, precision and micromachining, metal additive manufacturing, modularity and reconfigurability in machinery, and efficiency in energy usage during 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 predicted to be driven by an increase in steel demand. As a metal alloy primarily consisting of iron and carbon, and minor amounts of other elements, steel's strength, durability, and adaptability have made it a globally used material. Rolling mills, which convert steel ingots or billets into diverse shapes like sheets, plates, rods, and structural sections, are essential in the steel industry. For instance, the World Steel Association, a trade organization based in Belgium, has predicted in April 2023, a rebound in steel demand by 2.3%, amounting to a total of 1,822.3 million metric tons (Mt). Furthermore, it is expected that steel demand will increase by 1.7%, reaching a total of 1,854.0 million metric tons (Mt) in 2024. Therefore, the upswing in steel demand is leading to the expansion of the rolling mill and other metalworking machinery market.

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What Trends Will Shape the Rolling Mill And Other Metalworking Machinery Market Through 2029 and Beyond?
Leading market participants concentrate on investments aimed at broadening their global reach to tap into new markets, diversify their clientele, and minimize supply chain vulnerabilities. Investing in rolling mills enables the set-up or improvement of metalworking facilities and machinery needed for processing metal products like sheets and rods via rolling techniques, enhancing production capability and productivity. For illustration, Novelis Inc., an American industrial rolling and recycling solutions firm, in May 2022, dedicated $2.5 billion for the building of a revolutionary low-carbon recycling and rolling mill in Bay Minette, Alabama, USA. Anticipated to manufacture 600 kilotons of finished aluminum goods yearly, this advanced facility denotes a significant development stride for Novelis. This investment reiterates Novelis's unwavering commitment to meeting its customers' needs and providing sustainable, low-carbon aluminum solutions. This strategic move attests to the strong North American demand for flat-rolled, eco-friendly aluminum employed by beverage firms, highlighting the significance of aluminum packaging in the sustainable and circular economy.

What Are the Emerging Segments in the Rolling Mill And Other Metalworking Machinery Market?
The rolling mill and other metalworking machinerymarket 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 2024. 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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