The roll slitting machine global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Roll Slitting Machine Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The roll slitting machine market size has grown steadily in recent years. It will grow from $2.31 billion in 2023 to $2.42 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to growth of the packaging industry, expansion of the textile industry, increasing demand from the paper and pulp industry, adoption of lean manufacturing, and increasing adoption of Industry 4.0 and automation.
The roll slitting machine market size is expected to see strong growth in the next few years. It will grow to $2.95 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to expansion of the renewable energy sector, expansion of the printing and converting industry, growth in flexible packaging, and increased use of flexible packaging materials, development of e-commerce. Major trends in the forecast period include development of advanced automation and control systems, precision cutting technologies, development of energy-efficient and waste-reducing slitting technologies, customization and versatility, and digital control systems.
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Scope Of Roll Slitting Machine Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Roll Slitting Machine Market Overview
Market Drivers –
The growing e-commerce industry is expected to propel the growth of the roll-slitting machine market going forward. The e-commerce industry encompasses online platforms where goods and services are bought and sold electronically, facilitating transactions between businesses, consumers, and suppliers worldwide. The growth is supported by increased internet penetration, the convenience of online shopping, broader product availability, and evolving consumer preferences towards digital transactions. Roll slitting machines are required in the e-commerce industry for efficiently processing and packaging various materials, like packaging films and labels used in shipping and product packaging. For instance, in October 2021, according to a report published by the International Trade Administration, a US-based agency, it is anticipated that e-commerce for consumer goods will constitute approximately 22% of global retail sales in 2024, with a projected average annual growth rate exceeding 1%. Additionally, global retail e-commerce sales are expected to maintain a steady increase of 8% annually through 2024. Therefore, the growing e-commerce industry is driving the growth of the roll-slitting machine market.
Market Trends –
Major companies operating in the roll slitting machine market are developing technologically advanced products, such as high-performance rewinder slitters, to better serve customers with advanced features. A high-performance rewinder slitter is a precision machine designed to efficiently slit and rewind various materials, such as paper, film, and foil, with exceptional speed and accuracy. It is often used in industrial manufacturing processes. For instance, in February 2022, Vemax, a Brazil-based machinery company, launched the Vemax VRXS STDH Rewinder Slitter. The distinctive feature of Vemax’s high-performance equipment lies in its differential axles, tailored for heavy-duty operations with paper, plastic, or self-adhesive films, serving flexible packaging, labeling, and tag industries globally. These machines integrate an advanced control system, enabling direct communication via an internal network with the machine’s PLC and all electronic components. This technology facilitates remote and online programming adjustments and repairs, emphasizing innovation, safety, and quality in flexible packaging machinery.
The roll slitting machine market covered in this report is segmented –
1) By Type: Roll Or Log Slitters, Slitter Rewinders
2) By Material: Paper, Polymers, Foil, Other Materials
3) By Slitter Blade: Large Circular Blade, Fixed Band Blade
4) By Distribution Channel: Direct Sales (Original Equipment Manufacturer (OEM)), Indirect Sales
5) By Industry: Paper And Pulp, Textile, Packaging, Other Industries
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Regional Insights –
North America was the largest region in the roll slitting machine market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the roll slitting machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the roll slitting machine market are Toray Industries Inc., Shenzhen Yinghe Technology Co. Ltd., Windmoller & Holscher Machinery, Maxcess International Inc., Hagihara Industries Inc., Habasit Holding, Comexi Group, AZCO Corp., Deacro Industries Ltd., Parkinson Technologies Inc., EMT International, Atlas Converting Equipment Ltd., SOMA spol. s.r.o., Ghezzi & Annoni S.R.L., ASHE Converting Equipment, Catbridge Machinery LLC, Mikrosam, Kuen Yuh Machinery Engineering Co. Ltd., Daco Solutions Ltd., Jennerjahn Machine Inc., eurolaser GmbH, IMS TECHNOLOGIES S.p.A., Elite Cameron TS Converting Equipment Ltd., Bimec S.r.l., Ribamatic
Table of Contents
1. Executive Summary
2. Roll Slitting Machine Market characterstics
3. Roll Slitting Machine Market Trends And Strategies
4. Roll Slitting Machine Market – Macro Economic Scenario
5. Global Roll Slitting Machine Market Size And Growth
…..
32. Global Roll Slitting Machine Market Competitive Benchmarking
33. Global Roll Slitting Machine Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Roll Slitting Machine Market
35. Roll Slitting Machine Market Future Outlook and Potential Analysis
36. Appendix
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