About Rolling Mill
A Rolling mill is a machine used to roll metals into sheets or bars or different shapes. Rolling has two types- hot rolling and cold rolling. It depends upon temperature. If the temperature of the metal is above recrystallization, the process is hot rolling. When the temperature is below recrystallization, the process is known as cold rolling. Growing demand from the construction and manufacturing industry coupled with an upsurge in the automotive and transportation industry are driving the growth of the global rolling mill market. North America is contributing enormous growth in the rolling mills market owing to its high steel manufacturing capacity as well as growing construction industries.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.5% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Rolling Mill market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Schlebach Maschinen GmbH (Germany), American Steel Products Company (United States), International Rolling Mills (United States), Pepetools (United States), Nosstec AB (Sweden), Durston Tools (United Kingdom), JP Steel Plantech Co. (Japan), Durma (South Africa), Faccin S.p.A. (Italy) and Carell Corp. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are FENN (Germany), MINO SPA (Italy), Xtek (United States), ANDRITZ (Austria) and Amada Co. Ltd. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Rolling Mill market by Type (Two High Rolling Mill, Three High Rolling Mill, Four High Rolling Mill, Tandem Rolling Mill and Others (Cluster Rolling Mill, and Planetary Rolling Mill)), Application (Construction Materials, Metal Fabrication, Household Appliances, Railway Tracks and Others) and Region.
On the basis of geography, the market of Rolling Mill has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Automotive and Transportation will boost the Rolling Mill market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Steel will boost the Rolling Mill market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Process, the sub-segment i.e. Hot Rolling will boost the Rolling Mill market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation, the sub-segment i.e. Manual will boost the Rolling Mill market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements such as Automation, Development of Sensors and Actuators
Market Growth Drivers:
Increased Infrastructure Development and Rapid Industrialisation in Emerging Economies and Growing Demand for High Productivity and Better Output
Challenges:
Intense Competition in the Market
Restraints:
High Set-up Cost and Operational Maintenance
Opportunities:
Growing Infrastructure and Development in Transportation and Automotive Industries in Emerging Economies and Increasing Demand from Various Industries such as Packaging
Market Leaders and their expansionary development strategies
In October 2023, Duferco Travi e Profilati launched a new rolling mill called Smart Beam Manufacturing (SBM) in San Zeno Naviglio, Brescia, Italy. With a length of 500 m and a surface of over 78,000 m2 it is the biggest rolling mill in Italy, with a total rolling capacity of 700 K tons of long products.
In September 2023, ABB is working in partnership with SMS group, a specialist in plant construction, mechanical and electric & automation engineering for the metals industry, to provide all the MV motors and MV drives for ArcelorMittal Nippon Steel’s new hot strip mill in India.
Key Target Audience
Rolling Mill Manufacturers, Equipment/System Suppliers, Government Authorities, Traders/Exporters/Importers, End-Use Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.