Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 431.59 Million | USD 638.37 Million | 5.0% | 2022 |
FrequentlyAsked Questions
A plate rolling machine is a kind of metalworking machine tool that is utilized for creating curved and angular shapes in a metal sheet. It is utilized for rounding a straight sheet into a cylinder. These machines are used for bending stainless steel as well as basic steel.
The global plate rolling machine market growth is owing to breakthroughs in plate rolling equipment and the growing use of new plate-rolling technologies.
According to a study, the global plate rolling machine industry size was $431.59 million in 2022 and is projected to reach $638.37 million by the end of 2030.
The global plate rolling machine market is anticipated to record a CAGR of nearly 5.0% from 2023 to 2030.
The European plate rolling machine industry is set to register the highest CAGR over the forecasting timeline owing to the surge in industrialization along with favorable government policies in the countries such as the UK, Germany, Spain, Belgium, Italy, and France. Furthermore, a rise in product penetration in the steel manufacturing and textile processing sectors will account for the notable growth of the industry in the continent.
The global plate rolling machine market is led by players such as Wuxi Shenchong, EduTek Instrumentation, Autotrans Systems, Akyapak, Di-Acro, Roccia Srl, Baileigh Industrial, Lien Hsien Machinery Corp., Davi, AMB Picot, Himalaya Machine, Carrell Corporation, Haeusler Ag, DAH-LIAN MACHINE CO., LTD., Sahinler, MG s.r.l, Imcar, Faccin, Micro Teknik, SweBend, E.G. Heller’s Son, Rulmeca, and RICH SOU TECHNOLOGY CO., LTD.
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