The slitter rewinder machines market is projected to grow at a compound annual growth rate (CAGR) of 3.6% between 2023 and 2033, expanding from US$1.2 billion in 2023 to reach US$1.7 billion in 2033.
China maintains its prominent position as the top revenue generator in the Asia Pacific Excluding Japan for the slitter rewinder machines market. The Chinese slitter rewinder machines market is poised to exhibit a robust Compound Annual Growth Rate (CAGR) of 4.6%, translating into an incremental opportunity of US$ 103 million during the period from 2022 to 2028.
The rapid expansion of the packaging machinery industry in China is a key driver of the market’s growth, particularly in the paper rewinding machines segment. According to the Italian Trade Agency (ITA), the packaging machinery industry in China achieved a substantial worth of US$ 5.6 billion in 2018, with expectations of further growth. This upswing is attributed to the expanding packaging sector, which encompasses slitter rewinder machines and is set to continue its ascent throughout the forecasted period in China.
In contrast, the broader Asia Pacific region is poised for rapid growth over the projection period. This is primarily due to the region’s burgeoning manufacturing footprint and its attractive manufacturing environment, which fosters the demand for advanced machinery such as slitter rewinder machines.
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Center-surface and Surface Winder Machines to Buckle-up
With more than 50% share of the total revenue of slitter rewinder machines market at present, the center winder type of slitter rewinder machines continues to dominate. Although low price point has been the key driver for sales growth of this type of slitter rewinder machines over the years, it is more likely that this segment will witness a sluggish growth in revenue over the next few years, says the report.
However, attributed to a relatively superior control over the tension created in rewinding material, surface winder and center-surface winder types of slitter rewinder machines are projected to gather ground at a rapid pace, according to the report.
High Speed Converting Applications to Gain Momentum
High speed rewinding is constantly witnessing growing demand, subsequently pushing the sales of slitter rewinder machines operating at above 800 m/min. This remains the top selling segment in the speed category of slitter rewinder machines landscape that currently accounts for over 40% share in the total market value.
Whereas, the report positions 601-800 m/min as the next popular segment in slitter rewinder machines market.
Market Trends and Growth Prospects
The Slitter Rewinder Machines Market is witnessing a growing demand for customized solutions that cater to specific industry requirements. Additionally, the focus on sustainable practices and energy-efficient operations is driving the adoption of eco-friendly technologies. With emerging economies investing heavily in infrastructure development, the market is poised for substantial growth.
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The Key Players Are
- KAMPF Schneidmaschinen für SRF
- NISHIMURA MFG. Co., Ltd.
- HAGIHARA INDUSTRIES INC.
- Atlas Converting Equipment Ltd.
- Euromac Costruzioni Meccaniche s.r.l.
- GOEBEL Schneid und Wickelsysteme GmbH
- Jennerjahn Machine, Inc.
- Kataoka Machine Co., Ltd.
- Deacro Industries Ltd.
- Parkinson Technologies
- Hangzhou Dahua Industry Control Technology Co., Ltd.
- PSA Technology
- Ashe Converting Equipment Ltd.
- others
APEJ Continues to Reflect Hefty Investment Potential
With more than 35% of the total market value and a substantial incremental opportunity projection, APEJ remains the most lucrative region for penetration of slitter rewinder machines.
On the other side, North America and Western Europe hold a relatively similar share in the market value, representing the second highest performing regions in slitter rewinder machines marketplace.
Rampant expansion of plastic and packaging industries across developing Asian economies is prominently attributed to the growth of APEJ market for slitter rewinder machines.
Brisk growth in the demand for converting applications is identified to be a strong factor propelling the number of converting firms – thereby fueling the revenue growth of slitter rewinder machines market.
The flourishing paper industry in MEA is most likely to create lucrative deployment opportunities for manufacturers and suppliers of slitter rewinder machines in the region. The report indicates a moderate yearly revenue of MEA slitter rewinder machines market in and ahead of 2023.
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Slitter Rewinder Machines Market Key Segment
By Maximum Operating Speed:
- Less than 300 m/min
- 300 to 600 m/min
- 601 to 800 m/min
- Above 800 m/min
By Machine Type:
- Centre Winder
- Surface Winder
- Centre-surface Winder
By Substrate:
- Paper
- Plastic
- Metal
- Textile
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