The global rolling mill machine market is anticipated to grow at a CAGR of 3.5% in the forecast period (2023 to 2033). The market is expected to reach a valuation of US$ 26.7 Billion by 2033 from US$ 18.9 Billion in 2023. The global market is estimated to rise by 4.5% y-o-y in the projected period.
The workhorse of the food and beverage industry, rolling mill machines are used for operations like 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 adaptable device can also be used to combine various ingredients to develop new flavours or textures.
Although purchasing a rolling mill machine for a food and beverage company can be expensive, it can increase productivity and efficiency. It’s crucial to pick a rolling mill machine that is both reliable and simple to use.
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Today, a number of established and emerging businesses are developing cutting-edge rolling mill equipment to diversify their product offerings and customer bases. For instance, Mills CNC, the sole distributor of DN Solutions’ machine tools in Ireland and the United Kingdom, introduced a special line of multi-tasking, large-capacity mill-turn machines to the market in October 2022.
The largest in DN Solutions’ SMX lineup is anticipated to be the Puma SMX 5100L series. 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 Bn in 2018 to US$ 18.3 Bn 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.
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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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