According to a recent FMI report, the global rolling mill machine market will grow at a 3.5% CAGR during the forecast period (2023 to 2033). The market is expected to be worth US$ 26.7 billion by 2033, up from US$ 18.9 billion in 2023. The global market is expected to grow by 4.5% year on year during the forecast period.
A rolling mill machine is a workhorse in the food and beverage industry that is used for tasks such as crushing, grinding, pulverising, and mixing. A rolling mill machine is frequently used in the food and beverage industry to crush or grind ingredients into a powder or paste. This versatile machine can also be used to combine various ingredients to create new flavours or textures.
While purchasing a rolling mill machine can be an expensive investment for a food and beverage company, it can pay for itself in increased efficiency and productivity. It is critical to select a rolling mill machine that is both durable and simple to operate.
Several well-known and emerging companies are developing innovative rolling mill machines to broaden their product portfolios and client base. Mills CNC, the exclusive distributor of DN Solutions machine tools in Ireland and the United Kingdom, for example, launched a unique range of multi-tasking, large-capacity mill-turn machines into the market in October 2022.
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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 work pieces 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.
Key Takeaways from the Rolling Mill Machine Market Study:
- During the projection period (2023-2033), the rolling mill machine market is expected to be the fastest-growing segment, rising at a CAGR of 5%.
- The global rolling mill machine market is set to expand from US$ 15.4 Billion in 2018 to US$ 18.3 Billion in 2022.
- The rolling mill machine market receives nearly 1% of its total income from the United States.
- The U.K. rolling mill machine market is likely to exhibit considerable growth at a CAGR of 1% over the projected period.
- India and China rolling mill machine markets are anticipated to exhibit CAGRs of 6% and 6.2%, respectively, in the next ten years.
Competitive Landscape: Rolling Mill Machine Market
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, and ThyssenKrupp AG among others. These players hold a significant share in the market owing to their strong brand equity, innovative product portfolio, and efficient customer service networks.
Get More Valuable Insights into the Rolling Mill Machine Market
FMI, in its new offering, provides an unbiased analysis of the rolling mill machine market presenting historical demand data (2018-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for rolling mill machine market based on operating type (automatic, semi-automatic), by application (meat processing, dairy processing, bakery, others), and by region.
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Rolling Mill Machine Market Outlook by Category
By Operating Type:
- Automatic
- Semi-automatic
By Application:
- Meat Processing
- Dairy Processing
- Bakery
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
- RoW
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