Plate Rolling Machine Market Size Report, Industry Share, Analysis, Growth, 2030

Plate Rolling Machine Industry Perspective:    

The global plate rolling machine market size was evaluated at $431.59 million in 2022 and is slated to hit $638.37 million by the end of 2030 with a CAGR of nearly 5.0% between 2023 and 2030.

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The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global market space. The plate rolling machine industry report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the plate rolling machine market report explores the investor and stakeholder space to help companies make data-driven decisions.

Plate Rolling Machine Market: Overview

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. Furthermore, plate rolling machines are also utilized in various manufacturing processes for forming plates of steel into different shapes such as C-channel beams, I-beams, and H-beams. Apart from this, they also bend zinc, aluminum, and copper for constructing tanks and HVAC constructions. Moreover, the products also find applications in the roofing and metalworking sectors.

Key Insights

• As per the analysis shared by our research analyst, the global plate rolling machine  market is projected to expand annually at the annual growth rate of around 5.0% over the forecast timespan (2023-2030)
• In terms of revenue, the global plate rolling machine market size was evaluated at nearly $431.59 million in 2022 and is expected to reach $638.37 million by 2030.
• The global plate rolling machine market is anticipated to record massive growth over the forecast period owing to surging demand for lightweight and high-strength tools in the aerospace and automotive sectors.
• In terms of product type, the four-roller plate rolling machine segment is slated to register the fastest CAGR over the analysis period.
• On the basis of application, the steel manufacturing segment is predicted to dominate the segmental surge over the forecast period.
• Region-wise, the European plate rolling machine market is projected to register the highest CAGR during the assessment timeline.

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Plate Rolling Machine Market: Growth Factors

Growing product penetration in automotive & aviation sectors to embellish the global market trends over 2023-2030

Surging demand for lightweight and high-strength tools in the aerospace and automotive sectors will steer the global plate rolling machine market trends. The growing use of new plate-rolling technologies will steer the expansion of the global market. Apart from this, a surge in the allocation of funds for manufacturing activities will enlarge the scope of growth for the market across the globe. Apart from this, breakthroughs in plate rolling equipment can spike the expansion of market space in the near future.

Escalating demand for the products in a spectrum of industrial applications will pave the way for global market expansion. Product innovations and launches are projected to bring a paradigm shift in the global market and will help in increasing the sales of plate rolling machines exponentially. For instance, in March 2023, Caterpillar Inc., a key U.S. firm manufacturing construction equipment, launched CONEXPO, a next-generation wheel loader with a 3D screed plate system.  The move is likely to boost the global market space.    

Plate Rolling Machine Market: Restraints

Rising raw material costs can prove detrimental to industry expansion across the globe

A surge in the costs of raw materials used for manufacturing plate-rolling machines can restrict the expansion of the plate rolling machine industry across the globe. In addition to this, a rise in the excise duties on steel can further obstruct global industry expansion.

Plate Rolling Machine Market: Opportunities

The immense popularity of 4 roll plate rolling machines in various end-use industries can produce new facets of growth for the global market

Massive use of 4-roll plate rolling machines for sheet metal bending and conical workpieces will open new growth opportunities for the global plate rolling machine market. High work efficiency demonstrated by the product and ability to level sheet metal of these products will generate new vistas of growth for the industry across the globe.

Plate Rolling Machine Market: Challenges

A huge need for high initial investments can prove to be a huge challenge for the global industry over 2023-2030

Changes in government policies pertaining to product use along with the easy availability of inexpensive substitute products can pose a huge challenge in the growth of the global plate rolling machine industry Moreover, the need for high initial investments can further restrict the sale of the product across various end-use sectors, thereby retarding the industry growth across the globe.

Plate Rolling Machine Market: Segmentation

The global plate rolling machine market is sectored into product type, application, and region.  

In product type terms, the global plate rolling machine market is segregated into four-roller plate rolling machine and three-roller plate rolling machine segments. In addition to this, the four-roller plate rolling machine segment, which accumulated nearly 75% of the global market share in 2022, is projected to record the highest CAGR over the coming years. The growth of the segment in the coming years can be attributed to the excellent performance of these products including a complete hydraulic drive, power-saving ability, and high efficiency. Apart from this, it can also effectively adjust the clamping pressure and can roll the cylinder with the diameter of the upper roller about 1.1 times.

Based on the application, the global plate rolling machine industry is bifurcated into steel manufacture, textile, papermaking, and others segments. In addition to this, the steel manufacturing segment, which contributed notably towards the global market share in 2022, is projected to establish global industry domination in the years ahead. The segmental surge over the assessment timeframe can be due to the escalating demand for steel in the automotive and construction sectors. Furthermore, plate rolling machines are used for rolling flat steel sheets for making cylindrical products including buckets, pipes, pressure vessels, and tanker trailers.  

Plate Rolling Machine Market: Report Scope

Plate Rolling Machine Market: Regional Insights

Asia-Pacific to account for a major share of the global market over the analysis period

Asia-Pacific, which accounted for more than 39% of the global plate rolling machine market share in 2022, is predicted to lead the global market revenue over the assessment timeline. The market expansion in the region over the expected timespan can be due to the large-scale demand for products in the end-use sectors such as papermaking and steel production in the countries such as China and India. Flourishing the automotive sector in the countries such as South Korea, Malaysia, Thailand, China, India, and Japan will contribute lucratively towards the regional market proceeds. The presence of key manufacturers in the region will contribute majorly to the market growth in the sub-continent.

Furthermore, the plate rolling machine industry in Europe is set to register the fastest CAGR in the projected timeframe. The key growth driving factors of the industry in the region include 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.  

Plate Rolling Machine Market: Competitive Space

The global plate rolling machine market profiles key 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
• RICH SOU TECHNOLOGY CO. LTD.

The global plate rolling machine market is segmented as follows:

By Product Type              

• Four-Roller Plate Rolling Machine
• Three-Roller Plate Rolling Machine

By Application

• Steel Manufacturing
• Textile
• Papermaking
• Others

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