Global Rolling Mill And Other Metalworking Machinery Market to Reach US$73.3 Billion by 2030
The global market for Rolling Mill And Other Metalworking Machinery estimated at US$60.2 Billion in the year 2024, is expected to reach US$73.3 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2024-2030. Wire Drawing and Fabricating Machinery, one of the segments analyzed in the report, is expected to record a 3.7% CAGR and reach US$24.5 Billion by the end of the analysis period. Growth in the Coil Winding and Cutting Machinery segment is estimated at 3.2% CAGR over the analysis period.
The U.S. Market is Estimated at US$15.6 Billion While China is Forecast to Grow at 5.9% CAGR
The Rolling Mill And Other Metalworking Machinery market in the U.S. is estimated at US$15.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$16.1 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.0% and 2.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.
Global Rolling Mill And Other Metalworking Machinery Market – Key Trends & Drivers Summarized
How Is Technology Driving Innovation In The Metalworking Machinery Market?
The rolling mill and metalworking machinery market is being reshaped by technological advancements that are improving precision, efficiency, and flexibility in metal forming and processing. Automation and robotics are playing an increasingly important role in metalworking, enabling manufacturers to optimize production lines, reduce manual labor, and achieve higher accuracy in shaping metals. Advanced CNC (Computer Numerical Control) machines are allowing for intricate designs and faster turnaround times. Moreover, the use of AI and machine learning in predictive maintenance is helping to reduce machine downtime and extend equipment lifespan, ensuring that operations remain efficient and cost-effective.
What Is The Impact Of Sustainability On Metalworking Machinery?
Sustainability is becoming a key focus in the metalworking machinery market, driven by regulatory pressures and the need to reduce environmental impact. Manufacturers are increasingly adopting energy-efficient machinery that minimizes waste and optimizes resource use. The development of machines that can recycle scrap metal and reduce material wastage is gaining traction, aligning with the broader trend towards circular economies. Furthermore, the growing demand for lightweight, high-strength metals, such as aluminum and advanced alloys, in industries like automotive and aerospace is pushing manufacturers to invest in innovative rolling mill technologies that can process these materials more efficiently.
How Is The Metalworking Market Adapting To Shifting Industry Demands?
The metalworking machinery market is evolving in response to the changing needs of key industries, including automotive, aerospace, construction, and electronics. The increasing demand for electric vehicles (EVs) is driving innovation in lightweight metal processing, as manufacturers seek to reduce vehicle weight and improve energy efficiency. In aerospace, the need for high-precision components and stronger, lighter materials is pushing the development of advanced rolling mills and metal forming technologies. The construction industry’s shift towards prefabricated components is also fueling demand for machinery that can produce large, standardized metal parts with minimal lead times.
What Factors Are Driving Growth In The Rolling Mill And Other Metalworking Machinery Market?
The growth in the rolling mill and other metalworking machinery market is driven by several factors, including the rising demand for lightweight metals, advancements in automation and AI, and the push for sustainability in manufacturing processes. As industries like automotive and aerospace increasingly require lighter and stronger materials, the demand for advanced metalworking machinery capable of processing these metals efficiently is growing. The integration of automation and robotics into metalworking processes is further driving the market, enhancing production speed and precision. Additionally, environmental regulations and the need to reduce waste are encouraging the adoption of more sustainable metalworking practices, further contributing to market growth.
SCOPE OF STUDY:TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.
We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.
As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.
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APRIL 2025: NEGOTIATION PHASE
Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.
JULY 2025 FINAL TARIFF RESET
Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.
Reciprocal and Bilateral Trade & Tariff Impact Analyses:
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