Learn about the global rolling mill and other metalworking machinery market through The Business Research Company, which provides information on rolling mill and other metalworking machinery market size, rolling mill and other metalworking machinery market drivers and restraints, rolling mill and other metalworking machinery market players, the COVID-19 impact on the rolling mill and other metalworking machinery market, and more.

The global rolling mill and other metalworking machinery market is expected to grow from $27.59 billion in 2020 to $29.25 billion in 2021 at a compound annual growth rate (CAGR) of 6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $38.27 billion in 2025 at a CAGR of 7%.

Rapid advances in technology is expected to drive innovation in rolling mill and other metalworking machinery manufacturing, thus driving the market during the forecast period.

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The rolling mill and other metalworking machinery market consists of sales of rolling mill and other metalworking machinery and related services by entities (organizations, sole traders and partnerships) that produce rolling mill machinery and equipment and/or other metalworking machinery (except industrial molds, special dies and tools, die sets, jigs, and fixtures, cutting tools and machine tool accessories, and machine tools).

Global Rolling Mill And Other Metalworking Machinery Market Segments Include:

By Type: Wire Drawing and Fabricating Machinery, Coil Winding and Cutting Machinery, Rolling Mill Machines, Other Rolling Mill And Other Metalworking Machinery

By Application: Metal Manufacturing, Machinery and Equipment, Automotive, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global rolling mill and other metalworking machinery market, accounting for 45% of the market in 2020.

Metalworking machinery manufacturers are producing 3D laser processing machines to reduce processing time for laser cutting and welding applications. 3D laser is a 5-axle laser machine which cuts sheet-metal components in three dimensions. Metals including mild steel, stainless less and aluminium can be cut using lasers. Laser cutting significantly reduces the processing time required for cutting applications and thus reduces costs. Other benefits include localized laser energy input, high feed rate and minimal heat input. 3D lasers are typically used in automotive and aerospace industry for cutting or welding of aluminium parts, drilling of engine parts, and laser surfacing of used parts.

TBRC’s rolling mill and other metalworking machinery market report covers:

Major Market Players: TRUMPF Group, Amada Co Ltd, Mitsubishi Electric, LST GmbH, Mazak.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Rolling Mill And Other Metalworking Machinery Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides rolling mill and other metalworking machinery market overviews, analyses and forecasts market size, share, rolling mill and other metalworking machinery market players, rolling mill and other metalworking machinery market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s rolling mill and other metalworking machinery market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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