During the forecast period (2023 to 2033), the global rolling mill machine market is anticipated to grow at a CAGR of 3.5%. The market is expected to reach a valuation of USD 26.7 Billion by 2033 from USD 18.9 Billion in 2023. The global market is estimated to rise by 4.5% y-o-y in the projected period.
A rolling mill machine is a food and beverage industry workhorse, which is used for tasks such as crushing, grinding, pulverizing, and mixing. In the food and beverage industry, a rolling mill machine is often used to crush or grind ingredients into a powder or paste. This versatile machine can also be used to mix different ingredients together to create new flavors or textures.
While a rolling mill machine can be a big investment for a food and beverage business, it can pay off in increased efficiency and productivity. When choosing a rolling mill machine, it is important to select one that is durable and easy to operate.
Several renowned start-up companies are nowadays coming up with innovative rolling mill machines to expand their product portfolios, as well as their client base. In October 2022, for instance, Mills CNC, which is the exclusive distributor of DN Solutions’ machine tools in Ireland and the UK, launched a unique range of multi-tasking, large-capacity mill-turn machines into the market.
The Puma SMX 5100L series is expected to be the largest in DN Solutions’ SMX range. It was mainly designed and developed to handle heavy, large workpieces primarily found in the oil & gas, energy, and aerospace industries. These machines are also equipped with servo-driven tool changers that can house up to 120 tools.
Apart from that, the ability to roll mill machines to surge the hardness of a metal by lowering the width is expected to aid growth. Increasing usage of rolling mill machines in the steel industry to shape products such as channel stock, angle stock, l-beams, rails, and bar stock is projected to drive the global market in the next ten years.
Attributes | Key Insights |
---|---|
Global Rolling Mill Machine Market Estimated Size (2023E) | USD 18.9 Billion |
Projected Market Valuation (2033F) | USD 26.7 Billion |
Value-based CAGR (2023 to 2033) | 3.5% |
USA Rolling Mill Machine Market Share | 33.1% |
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The global rolling mill machine market is set to expand from USD 15.4 Billion in 2018 to USD 18.3 Billion in 2022. It exhibited steady growth at a CAGR of 4.5% during the historical period from 2018 to 2022.
The food & beverage industry is one of the largest users of rolling mill machines. These machines are used for various applications such as flour milling, pasta production, and similar others. Growing demand for processed and packaged food products is driving growth in the market.
The increasing use of automation in manufacturing processes is another major growth driver of the global rolling mill machine market. These machines are extensively used in automated assembly lines for various applications such as automotive parts production and electronic components production.
This helps to reduce labor costs and improve efficiency. Owing to the aforementioned factors, the rolling mill machine market value is expected to climb from USD 18.9 Billion in 2023 to USD 26.7 Billion in 2033. The market is estimated to exhibit growth at 3.5% CAGR during the evaluation period between 2023 and 2033.
A number of influential factors have been identified to stir the soup in the rolling mill machine market. Apart from the proliferating aspects prevailing in the market, lead analysts at FMI have also evaluated the restraining factors, lucrative opportunities, and upcoming threats that can pose a challenge to the progression of the rolling mill machine market.
The drivers, restraints, opportunities, and threats (DROTs) identified are as follows:
DRIVERS
RESTRAINTS
OPPORTUNITIES
THREATS
Rising Popularity of Healthy Food to Push Sales of Aluminum Rolling Mill Machinery in the USA
The food and beverage industry in the USA is a booming market. With the increasing popularity of healthy eating and the rise of new food and beverage companies, demand for rolling mill machines is surging at a rapid pace in the country.
Rolling mill machines are used to create thin sheets of metal, which are then used to develop products like cans, foil, and other food packaging solutions. These machines are also used to create textured surfaces on metals, which can add an aesthetic appeal to products like jewelry and kitchenware. The rolling mill machine market receives nearly 33.1% of its total income from the USA, says FMI.
Demand for Aluminum Rolling Machines to Surge in the UK among Food Companies
Rolling mill machines are used in a wide range of industries, but they have become increasingly popular in the food and beverage industry due to the benefits that they offer. These machines can help to improve productivity and efficiency by streamlining the overall production process. In addition, rolling mill machines can help to improve product quality by ensuring that products are evenly rolled and correctly sized.
Demand for rolling mill machines in the UK food and beverage industry is expected to grow in the assessment period as more companies look to invest in these machines to improve their businesses. As per FMI, the UK market is likely to exhibit considerable growth at a CAGR of 6.1% over the projected period. Germany, on the other hand, is projected to account for around 23.3% of the rolling mill machine market share in the next ten years.
Sales of Rolling Mill Machinery to Grow in India and China with Rising Need to Expand Production Capacity
The Asia Pacific region is one of the most important markets for food and beverages. The region is home to some of the world’s largest economies such as China and India. These countries are expected to experience significant economic growth in the evaluation period.
The food and beverage industry in India and China is highly competitive, with a large number of companies operating in the market. Some of the leading players in the market are focusing on expanding their production capacities to meet the rising demand from consumers.
India and China are the market leaders in Asia Pacific, and their most recent CAGRs in the rolling mill machine market are 6.6% and 6.2%, respectively. Japan would contribute to nearly 3.3% of the overall market share.
Demand for Plate Mill Machines among Meat Processing Firms to Grow by the End of 2033
The rolling mill machine is a versatile and efficient option for meat processing. This type of machinery can be used to process a wide variety of meats, including poultry, pork, and beef. The rolling mill machine is also considered to be an ideal solution for processors who are looking for a way to streamline their operations.
There are many advantages to using a rolling mill machine in the food and beverage industry. This type of machinery is designed to be durable and reliable, making it an ideal choice for processors who need a dependable piece of equipment. Thus, by application, the meat processing segment is estimated to drive the demand for rolling mill machines in the next ten years.
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The rolling mill machine market is highly competitive with numerous players operating worldwide. These players are constantly striving to gain a competitive edge over their rivals by investing in research & development activities and introducing new and innovative products. These players are also expanding their geographical footprint to gain a larger share of the market.
Some of the leading players in the global market are ABB Ltd., Andritz AG, Robert Bosch GmbH, Fives Group, Hitachi Ltd., JTEKT Corporation, Mitsubishi Heavy Industries Ltd., Primetals Technologies Ltd., SMS Group GmbH, ThyssenKrupp AG among others. These players hold a significant share of the market owing to their strong brand equity, innovative product portfolio, and efficient customer service networks.
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Attribute | Details |
---|---|
Estimated Market Size (2023) | USD 18.9 Billion |
Projected Market Valuation (2033) | USD 26.7 Billion |
Value-based CAGR (2023 to 2033) | 3.5% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | Value (USD Billion) |
Key Regions Covered | North America; Europe; Asia Pacific; Latin America; Middle East and Africa (MEA); RoW |
Key Countries Covered | USA, Canada, Mexico, Germany, UK, France, Russia, Brazil, Argentina, Japan, Australia, China, India, Indonesia, South Korea |
Key Segments Covered | Operating Type, Application, Region |
Key Companies Profiled | ABB Ltd.; Andritz AG; Robert Bosch GmbH; Fives Group; Hitachi Ltd.; JTEKT Corporation; Mitsubishi Heavy Industries Ltd.; Primetals Technologies Ltd.; SMS group GmbH; ThyssenKrupp AG |
Report Coverage | Strategic Growth Initiatives, Drivers, Restraints, Opportunities and Threats Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, and Competitive Landscape. |
The global market for rolling mill machines is expected to reach a valuation of USD 18.9 Billion by the end of 2023.
The USA rolling mill machine market is set to account for around 33.1% of the total share and is expected to create an incremental opportunity of USD 6.3 Billion in the forecast period.
The USA, Canada, Mexico, Argentina, Brazil, Germany, the UK, France, Italy, Russia, Spain, China, Japan, India, Indonesia, South Korea, and Australia are the major countries driving demand for rolling mill machines.
The demand for rolling mill machines is set to generate a share of around 23.3% and is expected to be valued at USD 4.4 Billion in the next ten years.
ABB Ltd., Andritz AG, Robert Bosch GmbH, Fives Group, and Hitachi Ltd. are the top 5 players operating in the rolling mill machine industry.
The Japan rolling mill machine industry is expected to generate a share of around 3.3% in the next ten years.
Sales of rolling mill machines are estimated to grow at 6.6% CAGR between 2023 and 2033.
The global rolling mill machine market is expected to surpass USD 26.7 Billion by the end of 2033.
1. Executive Summary | Rolling Mill Machine Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Operating Type 5.1. Automatic 5.2. Semi-automatic 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Meat Processing 6.2. Dairy Processing 6.3. Bakery 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia 7.6. Oceania 7.7. Middle East and Africa (MEA) 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. ABB Ltd. 17.2. Andritz AG 17.3. Robert Bosch GmbH 17.4. Fives Group 17.5. Hitachi Ltd. 17.6. JTEKT Corporation 17.7. Mitsubishi Heavy Industries Ltd. 17.8. Primetals Technologies Ltd. 17.9. SMS group GmbH 17.10. ThyssenKrupp AG 18. Assumptions & Acronyms Used 19. Research Methodology
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