Roll Forming Machines and Lines Market REPORT OVERVIEW
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The global roll forming machines and lines market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.
By automating or running continuously, a roll forming machine can not only produce goods of a high standard, but also save time and money by reducing the need for human labor. These machines carry out a variety of metallurgical tasks in addition to roll forming, such as material cutting and roll punching. A roll former line typically has the ability to perform all tasks, including bending, cutting, pressing for holes, straightening, and even stacking, in comparison to standard metal fabrication equipment like sheet metal press brakes, metal sheet shear machines, press machines, and straightening machines etc.
Due to the widespread usage of fabricated metal components in automotive systems, the automotive sector is a major end-user of the global roll forming machines and lines market. Numerous automotive parts, such as door beams, bumpers, rocker panels, and chassis, utilize these parts. Bus bars, terminals, and other metal pieces that are frequently utilized include these. Additionally, these metal components are used by truck, car, and other vehicle makers for a variety of purposes, including the body, engines, chassis, and door frames. During the forecast period, these automotive industry applications will spur market expansion.
COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth
In 2020, the whole world served as the COVID-19 pandemic's focal point and was significantly afflicted by the outbreak, which had a detrimental effect on roll forming machines and lines market expansion. However, during the anticipated period, immunization drives are anticipated to fuel roll forming machines and lines market growth.
LATEST TRENDS
"Rising Use of Additive Manufacturing to Boost Market Growth"
One of the major market trends fostering roll forming machines and lines market expansion is the rising use of additive manufacturing. A technological revolution in the manufacturing sector was brought about by 3D printing, also known as additive manufacturing. To produce 3D objects, this technology employs a digital file. It constructs the final product in tiny, sequential stages. Complex geometries that are impossible to manufacture using conventional manufacturing methods can be created with 3D printing. In contrast to conventional printing methods, it is additive. It aids in material utilization optimization, reducing waste. During the projection period, these additive manufacturing elements will boost demand for roll forming equipment, fueling rising use of additive manufacturing market expansion.
Roll Forming Machines and Lines Market Segmentation
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- By Type Analysis
As per the type, the market is classified as follows: Roll Forming Machines, Roll Forming Lines. The roll forming machines leads the roll forming machines and lines market share.
- By Application Analysis
Based on application, the market is segmented as follows: Automobile, Building and Decoration, Oil and Gas Industry, Traffic and Transportation, Storage Industry, and Others. During the forecast period, the automobile industry segment's roll forming machines and lines market growth will be high.
DRIVING FACTORS
"Demand for Roll Forming Machines in Automotive Industry to Facilitate Market Development"
Automotive roll forming machines are widely used to create components for vehicles such rocker panels, bumpers, door beams, crash tubes, and other uses. This is mostly because roll forming equipment can produce materials with high tensile strength at a lower cost. As a result, it is anticipated that the demand for roll forming machines in the automotive industry would rise significantly, driving the roll forming machines and lines market for roll forming machines to expand at a CAGR of more than 3% during the course of the projected year.
"Considerable Technological Advancements to Promote Industry Progress"
Over the past few years, there have been considerable technological advancements in the roll forming machines and lines market. The metal forming business is being helped by technological advancements like the introduction of automated servo-electric roll forming machines to streamline its metal forming process and guarantee a high level of security. For quality control and tool swaps, new robotic roll forming machines use control systems and sensor technology. Therefore, throughout the projected period, roll forming machine technological advancements will drive the roll forming machines and lines market's expansion.
RESTRAINING FACTORS
"Availability of Substitutes to Hinder Market Growth"
One of the things slowing down the roll forming machines and lines market's expansion is the accessibility of substitutes. One of the most common alternatives to roll farming equipment is hot metal stamping. It is quite well-liked in the manufacturing sector. It is utilized to produce quality metal parts quickly and affordably for a variety of businesses. Precision metal stamping, in general, is an industrial process that uses dies to mold flat sheet metal, either in coil or blank form, into various unique shapes. One of the key reasons for the rising popularity of hot metal stamping machines in 2021 was the high level of automation seen in the majority of the machines that were on the market. The roll forming machines and lines market's expansion throughout the anticipated period will be constrained by these reasons
Roll Forming Machines and Lines Market REGIONAL INSIGHTS
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"Increase in Demand to Propel Market Progress in Asia"
During the forecast period, Asia will account for 40% of roll forming machines and lines market growth. The three biggest markets in Asia for roll forming machines are China, Japan, and South Korea. This region's roll forming machines and lines market will expand more quickly than those in other areas. Over the forecast period, the growing demand for automobiles would support roll forming machines and lines market expansion in Asia
KEY MARKET PLAYERS
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of Market Players Profiled
- Metform (Canada)
- Dallan Company (Italy)
- JUPITER (U.S.)
- Gasparini SpA (Italy)
- SWAH (Czech Republic)
- Baileigh Industrial (JPW) (U.S.)
- IED Inc (U.S.)
- Formtek (U.S.)
- COMETAL IMAL Group (France)
- EWMenn (Germany)
- Jouanel Industries (France)
- Dimeco (France)
- Samco Machinery (Canada)
- JIDET (France)
- LMS Machinery (U.S.)
- VLB Group (U.S.)
- Yingkou Sanxing Roll Forming Machine Co. (China)
- Hebei FeiXiang (China)
REPORT COVERAGE
The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.
Frequently Asked Questions
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What value is the roll forming machines and lines market expected to touch by 2031?
Based on our research, the roll forming machines and lines market is projected to generate substantial revenue by 2031.
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What CAGR is the roll forming machines and lines market expected to exhibit by 2031?
The roll forming machines and lines market is expected to exhibit a robust CAGR by 2031.
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Which are the driving factors of the roll forming machines and lines market?
The demand for roll forming machines in automotive industry and considerable technological advancements are the driving factors of the roll forming machines and lines market.
