Roll forming is a metal forming technique that involves shaping of metal sheets or strip materials into custom profiles by compressing or deforming the material between sets of rolls. It is widely used in various end-use industries such as construction, automotive, and industrial machinery for applications including roofing, siding panels, gutters, and structural members. The roll forming process provides advantages such as high production rates, accuracy in shaping, tighter tolerances, minimal waste generation, and cost-effectiveness. Rising construction activities around the world and growing automotive sales are some of the key factors driving increasing demand for roll forming machines. Advancements in machine design have further enhanced capabilities and efficiency. This has encouraged wider adoption of roll forming across different manufacturing sectors.
Market Dynamics
The global roll forming machine market is anticipated to grow at a steady pace during the forecast period. Some of the major growth drivers propelling the market include rising spending on commercial and residential infrastructure in developing economies, steady recovery in automobile production post-pandemic disruptions, and advancing automotive light-weighting trends utilizing roll formed components. However, economic uncertainties linked to COVID-19 outbreak continue to pose challenges to the market. On the other hand, increasing R&D towards the development of high-speed roll forming systems, multi-task machines, and robotically-integrated production lines are expected to unlock new opportunities for market players. Integration of automation, digitization, and advanced process controls in roll forming also hold significant potential.
Key Features of the Study
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