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The roll forming machines market size is estimated to grow at a CAGR of 4.27% between 2023 and 2028. The market size is forecast to increase by USD 178.37 million. The growth of the market depends on several factors such as the growing demand for CNC incorporated roll forming machines, increasing demand for automotive industry, and the increasing construction of residential and commercial buildings.
The report includes a comprehensive outlook on the Roll Forming Machines Market, offering forecasts for the industry segmented by Type, which comprises manual and automatic. Additionally, it categorizes End-user into automotive industry, manufacturing industry, and construction industry, and covers Regions, including APAC, Europe, North America, South America, and Middle East and Africa. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
Roll Forming Machines Market Forecast 2024-2028
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The most important aspect of any product development process is the design that helps give the desired shape to the final product. CNC machines efficiently adhere to these design specifications and help develop the product conveniently with the desired form and maximum accuracy. Advances in machine tools, especially CNC machines, are possible due to continuous R&D efforts. CNC machines are highly productive and efficient and enable the incorporation of new technologies.
Furthermore, the benefits of using CNC-incorporated roll-forming machines have helped in automating the complete metal fabrication process. The adoption of automated machinery in a company's production or fabrication process results in reduced operational costs and strengthens the competitive edge of the company. All these factors have increased the demand for CNC incorporated roll forming machines for the metal fabrication and metalworking process, and this, in turn, will drive market growth during the forecast period.
With the aid of digital twin technology, a real roll forming machine can be virtually replicated. This twin makes it possible to simulate, monitor, and improve machine operations in real time. For example, manufacturers can utilize digital twins to model various roll forming procedures, test material variations, and optimize production parameters before putting them into use on the actual machine. As a result, downtime and material waste are considerably decreased, and overall efficiency is increased.
Moreover, digital twins offer important information about the health of the system, enabling predictive maintenance to avoid failures and expensive repairs. Manufacturers may increase productivity and keep a lead in the roll forming machine market by reducing errors, enhancing precision, and improving overall equipment effectiveness (OEE). As the technology continues to grow, its adoption is expected to grow simultaneously, further driving the growth of the market during the forecast period.
Several manufacturing industries in the US and Europe were closed because of high labor costs and strict pollution laws, which have resulted in the increased availability of refurbished roll forming machines. As manufacturing industries have moved to APAC owing to low-cost manufacturing in the region, refurbished roll forming machines from the US and Europe are being used in APAC, particularly in emerging economies such as China, India, and Pakistan.
Additionally, the high cost of roll forming machines has pushed end-users to adopt refurbished roll forming machines. Small manufacturers find it challenging to buy new machines from Europe due to market volatility. Additionally, the lead time for custom-built roll forming machines is also high, so the fabricator usually opts for refurbished roll forming machines. The growing adoption of refurbished roll forming machines will affect the demand for new equipment, thereby hindering the market's growth during the forecast period.
The manual segment will account for a major share of the market's growth during the forecast period.?Manual machines offer adaptability and cost-efficiency for a variety of applications, even as automation options gain popularity. Manual machines are widely used in small and medium-sized enterprises in developing nations such as Southeast Asia and Africa, where labor costs are cheaper.
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The manual segment was valued at USD 424.06 million in 2018. Specialist markets such as the automobile aftermarket and specialty building are drawn to their flexibility in generating unique profiles on demand. The market share of manual roll forming machines is anticipated to remain sizable during the forecast period, especially in areas with a high prevalence of labor-intensive production techniques, demonstrating the long-term viability of this technology. Owing to such factors, the demand for manual roll forming machines, thereby driving the growth of the market in focus during the forecast period.
Based on end-user, the market has been segmented into automotive industry, manufacturing industry, and construction industry. The automotive industry?segment will account for the largest share of this segment.?The automotive industry is a primary end-user of the global roll forming machines market, as fabricated metal parts are used in most vehicle systems. These parts are used in a variety of automotive components, including door beams, bumpers, rocker panels, and chassis. Furthermore, aluminum roll-formed components are also being used in Evs to minimize weight as sustainability becomes more and more popular. Due to these considerations, the demand for roll forming machine use is predicted to increase in the next five years in the automotive industry, driven by the expansion of EV production and the ongoing pursuit of light-weighting techniques. This, in turn, will drive the market's growth during the forecast period.
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APAC is estimated to contribute 40% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The industrial sector in APAC is currently going through a rapid phase of growth, owing to the continued contribution from markets in China, Japan, India, Vietnam, South Korea, Malaysia, and Australia. In APAC, China and South Korea have emerged as the largest markets for roll forming machines.
Moreover, the roll forming machines market in the construction industry in APAC is expected to witness maximum demand from countries such as India, China, Malaysia, and the Philippines, due to the ongoing infrastructure development. In addition, factors such as growing urbanization and the advent of affordable housing projects in the region are propelling the market growth in APAC during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Asc Machine Tools Inc., Bradbury Co. Inc., Brand Forming Machinery Co. Ltd., Englert Inc., Form Process Engineering, Gasparini SpA, Hangzhou Roll Forming Technology Co. Ltd., Howick Ltd., LMS International Ltd., Mestek Inc., Metform International Ltd., Nissei Co. Ltd., Samco Machinery Ltd., Scottsdale Construction Systems Ltd., Sen Fung Rollform Machinery Corp, Shanghai Duwell Industrial Co. Ltd., Rebas Machinery Technology Co. Ltd., The Lincoln Electric Co., and Xinxiang Tianfeng Machinery Manufacture Co.ltd.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The roll forming machines market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Roll Forming Machines Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.27% |
Market Growth 2024-2028 |
USD 178.37 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.68 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 40% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Asc Machine Tools Inc., Botou Xianfa Roll Forming Machine Factory, Bradbury Co. Inc., Brand Forming Machinery Co. Ltd., Englert Inc., Form Process Engineering, Gasparini SpA, Hangzhou Roll Forming Technology Co. Ltd., Howick Ltd., LMS International Ltd., Mestek Inc., Metform International Ltd., Nissei Co. Ltd., Samco Machinery Ltd., Scottsdale Construction Systems Ltd., Sen Fung Rollform Machinery Corp, Shanghai Duwell Industrial Co. Ltd., Rebas Machinery Technology Co. Ltd., The Lincoln Electric Co., and Xinxiang Tianfeng Machinery Manufacture Co.ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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