What is Forged Rolls Market?
The global forged rolls market is ecpected to grow at a healthy pace during the forecast period, according to the AMA study. The growing automation across different industries and the rising automobile and aircraft production & deliveries worldwide are some of the major factors aiding into the growth for the market globally.
The market study is being classified by Type (Integral Roll, Metallurgical Compound Roll and Combination Roll), by Application (Hot Rolling, Cold Rolling and Others) and major geographies with country level break-up.
Hitachi Metals America, Ltd. (United States), SIJ Ravne Systems (Slovenia), CAMET (China), Xtek (United States), NIPPON STEEL CORPORATION (Japan), Sinosteel Corporation (China), Kennametal Inc. (United States), Technojis Pte. Ltd. (Singapore), Kay Jay Chill Rolls Pvt Ltd (India), Lehigh Heavy Forge (United States) and WHEMCO, Inc. (United States) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on development of new & innovative forged rolls to cater to market's demand to remain competitive in the global market. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Forged Rolls market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Forged Rolls market by Type, Application and Region.
On the basis of geography, the market of Forged Rolls 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Automation Across Different Use Industries
- Rising Global Automobile Vehicle Production
- Rising Global Aircraft Production & Deliveries
Market Trend
- Industry 4.0 Revolution is Expected to be One of the Major Trends of this Market
Restraints
- Raw Material Cost Fluctuations
Opportunities
- Expected Deliveries of More than 38,000 Commercial Aircraft Across the World During the Next 20 Years
Challenges
- The Outbreak of COVID-19 Leading to Challenges for Forged Roll Manufacturers Due to Shutting Down of Production Across the World for an Uncertain Period of Time
Market Leaders and some development strategies
In October 2017, Hitachi Power Solutions Co. Ltd. Announced that it has decided to form a new company to continue its forged steel roll business through a company split and it will transfer the shares of the new company to Win Holdings Co. Ltd.