Throughout the forecast period spanning from 2023 to 2033, the global rolling mill machine market is poised to exhibit a compound annual growth rate (CAGR) of 3.5%. By 2033, the market is anticipated to achieve a valuation of US$ 26.7 billion, marking a notable increase from its 2023 valuation of US$ 18.9 billion. Projections suggest that the global market is expected to experience a year-on-year (y-o-y) growth rate of 4.5% during the projected period.
A crucial component within the food and beverage industry, the rolling mill machine serves as a versatile workhorse, performing essential tasks such as crushing, grinding, pulverizing, and mixing. In food and beverage applications, these machines are commonly employed to crush or grind ingredients into powders or pastes, as well as to blend various ingredients to create innovative flavors and textures.
While investing in a rolling mill machine entails significant upfront costs for food and beverage businesses, the potential returns include enhanced efficiency and productivity. When selecting a rolling mill machine, it is imperative to prioritize durability and ease of operation to maximize its benefits for the business.
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Drivers
The rising utilization of rolling mills for imparting intricate patterns onto metals and shaping furniture through the bending of straight metal sheets into curved forms is projected to fuel market growth.
Continual advancements, including improvements in dimensional precision, the utilization of higher-strength steels, integration of cooling mechanisms in hot rolling procedures, and the resultant weight reductions, are anticipated to stimulate sales within the industry.
Restraints
It’s worth noting that rolling mill machines exhibit optimal performance when working with materials that are easy to grind, such as cereal grains and corn, and may not be as effective with two-dimensional products or fibers.
Moreover, given the varied grind requirements, rolling mill machines necessitate additional operator inputs for adjusting the rolls accordingly, underscoring the importance of operator intervention in optimizing machine performance.
Key Companies
- ABB Ltd.
- Andritz AG
- Robert Bosch GmbH
- Fives Group
- Hitachi Ltd.
- JTEKT Corporation
- Mitsubishi Heavy Industries Ltd.
- Primetals Technologies Ltd.
- SMS group GmbH
- ThyssenKrupp AG
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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
- Middle East and Africa (MEA)
- RoW
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