Composite Rollers Market Size, Share, Trends, Growth 2030

Composite Rollers Industry Prospective:

The global composite rollers market size was worth around USD 144 million in 2022 and is predicted to grow to around USD 195 million by 2030 with a compound annual growth rate (CAGR) of roughly 4.5% between 2023 and 2030.

Request Free Sample

Composite Rollers Market: Overview

Composite rollers, which are 60% lighter than metal rollers, are an alternative to material rollers. Composite rollers provide numerous advantages over standard rollers. Inertia is a critical parameter of an idler gear. The primary benefit of composite rollers is that they have less inertia than aluminum and steel, allowing the rollers to revolve at higher critical speeds. Wear resistance, anti-static, anti-magnetic, and corrosion resistance are all significant advantages of composite rollers. Composite rollers outperform steel rollers in terms of performance.

Key Insights

• As per the analysis shared by our research analyst, the global composite rollers industry is estimated to grow annually at a CAGR of around 4.5% over the forecast period (2023-2030).
• In terms of revenue, the global composite rollers market size was valued at around USD 144 million in 2022 and is projected to reach USD 195 million, by 2030.
• The global composite rollers market is projected to grow at a significant rate due to address the rising need for corrosion-resistant, lightweight material handling equipment across a variety of industries.
• Based on product type segmentation, tapered rollers were predicted to hold maximum market share in the year 2022.
• Based on application segmentation, conveyor belts were the leading revenue generator in 2022.
• On the basis of region, Asia Pacific was the leading revenue generator in 2022.

Request Free Sample

Composite Rollers Market: Growth Drivers

Rising demand for lightweight, corrosion-resistant, and durable solutions is propelling the market growth

The market for composite rollers is expected to grow because of the growing need for robust and lightweight solutions in material handling systems across several sectors. As industrial processes evolve, efficiency, sustainability, and cost-effectiveness become increasingly important. Composite rollers meet these requirements by providing a lightweight alternative to standard metal rollers due to their unique blend of components, which includes fiberglass and polymers. The lightweight nature of composite rollers provides several advantages. For starters, it decreases the total effort and expenses connected with establishing conveyor systems, as well as simplifying installation and maintenance. This characteristic is especially important in businesses where quick system deployment and flexibility are required. The reduced weight of composite rollers also enhances energy efficiency.

Composite Rollers Market: Restraints

Initial cost associated with advanced materials is restraining the growth of the market

While composite rollers have various advantages, the initial cost of these sophisticated materials is a significant impediment to their wider implementation. In comparison to standard metal rollers, the production method, the usage of premium polymers, and the fiberglass material may need a higher initial cost expenditure. This cost element may be problematic, particularly for smaller enterprises or economic sectors with more limited budgets that are unwilling to make large upfront capital investments. Another barrier is the requirement for certain expertise and skills for composite roller installation and maintenance.

Composite Rollers Market: Opportunities

Growing trend towards Industry 4.0 and the integration of smart technologies to provide growth opportunities

As a result of the rising trend toward sector 4.0 and the introduction of smart technologies into material handling systems, the composite rollers industry offers exciting potential. Conveyor systems that can provide real-time monitoring, predictive maintenance, and better operational efficiency are becoming increasingly important as firms adopt automation and data-driven operations. Because of their flexible material qualities, composite rollers can serve as a platform for connecting sensors and Internet of Things (IoT) devices. Manufacturers may now create intelligent composite rollers with corrosion resistance, lightweight design, and the capacity to collect and send vital operational data. The combination of composite material technology and intelligent features is in sync with modern industry's developing demands.

Composite Rollers Market: Challenges

Gaining traction and overcoming the current industry stagnation to challenge market growth

One of the key issues confronting the composite rollers market is gaining traction and overcoming the existing industry stagnation. Many businesses have established long-standing norms and processes, frequently depending on old metal rollers that have weathered the test of time. To persuade enterprises to use composite rollers, issues like as upfront expenses, possible opposition to change, and proving that these novel solutions meet or surpass performance criteria set by conventional options must all be addressed. Effective education and communication tactics are essential for overcoming this problem and emphasizing the long-term benefits of composite rollers, such as their lower weight, corrosion resistance, and overall operating efficiency.

 Composite Rollers Market: Segmentation

The global composite rollers market is segmented based on product type, application, and region.

Based on product type, the global industry segments are tapered rollers, impact rollers, and idler rollers. The tapered roller category now has a commanding position in the global market.  Because of its versatile design and widespread application in a range of sectors, the tapered rollers sector has a leading position in the global market. Tapered rollers are utilized in conveyor systems where slight changes in direction or elevation are common because they may offer smooth and controlled material handling. Their tapered form adds to enhanced operational efficiency by allowing for more accurate tracking and reducing friction. Industries such as manufacturing and logistics that demand precision in conveying applications are increasingly driving the global composite rollers market due to their preference for tapered rollers.

Based on application the global composite rollers industry categorized as conveyor belts, pallet handling, and heavy-duty transport. Conveyor belts have the largest proportion of the global market among all of them. This is due to the widespread usage of conveyor systems in a variety of industries. Conveyor belt dominance in the market is solidifying as composite rollers, which provide benefits such as lower weight and durability, satisfy the growing demand for efficient material handling, notably in manufacturing and logistics.

Composite Rollers Market: Report Scope

Composite Rollers Market: Regional Analysis

Asia Pacific to lead the market during the forecast period

Over the forecast period, the Asia Pacific region is likely to surpass other regions as the market leader for composite rollers. This expected dominance is the consequence of a multitude of factors, including rapid industrialization and significant economic growth in countries such as China and India. As these nations update their infrastructure and expand their manufacturing sectors, there is a considerable demand for effective material handling systems. Composite rollers have a significant advantage in this area. Furthermore, the characteristics of composite rollers, which are well-known for their lightweight design and energy efficiency, are consistent with the Asia Pacific region's rising emphasis on sustainable practices and environmental regulations. Businesses in this sector are increasingly understanding the importance of creating long-term, sustainable solutions.

Key Developments

In 2023, Pultrusion Technologies, a pioneer in composite pultrusion technology, joined forces with ContiTech, a renowned maker of specialty rubber products and elastomers, to create cutting-edge composite rollers for demanding applications.

Saint-Gobain, a leading global provider of building materials and industrial solutions, announced in 2023 the introduction of a new range of carefully developed composite rollers tailored to specific industry demands.

In 2023, Trelleborg Seals & Polymer Solutions, a leading manufacturer of innovative polymer solutions, plans to invest in additive manufacturing technology to build complex composite roller designs.

Composite Rollers Market: Competitive Analysis

The global composite rollers market is dominated by players like:

• Interroll Group
• Rulmeca Group
• Esbelt S.A.
• Artur Küpper GmbH & Co. KG
• Melco Conveyor Equipment
• Forbo Movement Systems
• Habasit AG
• Ammeraal Beltech
• Precision Pulley & Idler (PPI)
• Oriental Motor

The global composite rollers market is segmented as follows:

By Product Type

• Tapered Rollers
• Impact Rollers
• Idler Rollers

By Application

• Conveyor Belts
• Pallet Handling
• Heavy-Duty Transport

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa