The rolling mill and other metalworking machinery 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.
Rolling Mill And Other Metalworking Machinery 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 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 growth in the historic period can be attributed to industrialization and construction, automotive and aerospace manufacturing, infrastructure development, raw material processing, quality and efficiency improvement.
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%. The growth in the forecast period can be attributed to digitalization and industry 4.0 integration, sustainability and eco-friendly manufacturing, customization and agile manufacturing, automation and robotics integration, globalization of manufacturing. Major trends in the forecast period include advanced materials processing, precision and micromachining, metal additive manufacturing, modular and reconfigurable machinery, energy-efficient processing.
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Scope Of Rolling Mill And Other Metalworking Machinery 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.
Rolling Mill And Other Metalworking Machinery Market Overview
Market Drivers –
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.
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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Regional Insights –
The 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.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Rolling Mill And Other Metalworking Machinery Market Characteristics
3. Rolling Mill And Other Metalworking Machinery Market Trends And Strategies
4. Rolling Mill And Other Metalworking Machinery Market – Macro Economic Scenario
5. Global Rolling Mill And Other Metalworking Machinery Market Size and Growth
…..
32. Global Rolling Mill And Other Metalworking Machinery Market Competitive Benchmarking
33. Global Rolling Mill And Other Metalworking Machinery Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Rolling Mill And Other Metalworking Machinery Market
35. Rolling Mill And Other Metalworking Machinery Market Future Outlook and Potential Analysis
36. Appendix
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