Roll Forming Machine Market: Global Industry Analysis and Forecast (2023-2029)

Roll Forming Machine Market was valued nearly US$ 119.47 Mn. in 2022. Roll Forming Machine Market size is estimated to grow at a CAGR of 3.14% & is expected to reach at US$ 148.34 Mn. by 2029.
Roll Forming Machine Market Overview:
A roll forming machine is a machine that bends a long strip of metal sheets, which are usually coiled, into any required shape. Roll forming machines are used to make long-length items having a consistent profile. Roll forming machines come in a variety of shapes, sizes, spindle counts, and material thicknesses. Single-duty roll forming machines, standardized roll forming machines, side-by-side roll forming machines, and the double roll forming machines are all types of roll forming machines.

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Market Dynamics:
Roll Forming Machines are in high demand because to the rapid growth of the automotive industry.

The automotive industry's rapid expansion boosts vehicle manufacturing, which boosts demand for roll forming machines. Roll forming machines are commonly used in the automotive industry to manufacture bumpers, rocker panels, crash tubes, and door beams. Roll forming machines can cut operating costs while also producing high-tensile-strength materials. This is a primary factor driving car manufacturers' demand for roll forming machines. In addition, technical improvements, such as the introduction of automated servo-electric roll forming machines, are expected to propel the industry in the coming years. Advanced roll forming machines make metal forming easier while also providing a high level of security.

The Global Roll Forming Machines Market is being hampered by the availability of substitutes.

In the near future, the lack of educated staff to undertake troubleshooting and inspection to enhance the performance of roll forming machines is expected to have a negative impact on demand for these machines. Another important factor expected to stymie the market throughout the projection period is the availability of replacements, such as hot metal stamping machines. In the manufacturing industry, hot metal stamping machines are common, and they're also utilised to make 3D metal parts. In the coming years, the impact of this limitation on the worldwide roll forming machine market is projected to be minimal. Our report also provide a PESTEL study of the market, which will help to understand the macroeconomic factors that have a big impact on the market.
Rapid Growth of the Automotive Industry:
Automobile Industry Influencing Factors:

A variety of variables are impacting the global automotive industry, increasing its complexity & changing the economic options accessible to automakers. The majority of these elements are interdependent & interact with one another. Some of these characteristics, however, are market-driven & so cannot be controlled directly by automotive makers. These elements include: Market convergence, globalization, & regionalization. National marketplaces have become increasingly globalized as a result of liberalization. This allows businesses to expand into new areas, but it also opens the door to new competitors & increases competition.

Consumer aggregate patterns of activity are becoming increasingly diverse.

Consumers no longer accept uniform products and instead demand products that meet their specific needs. As a result, firms have reduced target groups in order to attract buyers to the products on offer. Consumers are often not drawn to companies for their personalized products as a result of growing worldwide competition & a higher focus on price rather than brand loyalty. As a result of these reasons, automotive manufacturers are faced with new and more demanding criteria in their area.

Product portfolio diversification and modification at a faster pace

Companies must reduce the lifecycles of their models in order to respond with innovative products to the expectations of individualized and rapidly changing consumer needs. The average product lifecycle in the automotive business used to be around eight years, but today's auto mobile industry changes or modifies their products every two to three years. With development expenses for a new model being the same or even rising, the OEM's amortization time will be shortened, potentially resulting in lower profitability.
Key Player Landscape:
Englert Inc.

Englert Inc. is based in Perth Amboy, New Jersey, and was founded in 1966. Sheet metalwork items are designed, manufactured, and sold all over the world by this company. The company offers structural and architectural metal roof systems, wall panel systems, soffit systems, curved-panel metal roof systems, and retrofit frame components, among other things. Portable roll forming equipment, roofing machines, gutter machines, and seamers are also available from the company.

Bradbury Co. Inc.

Bradbury Co. Inc. is based in Moundridge, Kansas, and was founded in 1959. Metal-processing equipment is developed, manufactured, and sold to customers all over the world. Roller levellers, coil-processing systems, metal-building systems, and steel-framing systems are among the company's offerings. Decking, appliances, trains, and lighting products are also available.

Samco Machinery Ltd:

Samco Machinery Ltd is based in Toronto, Canada, and was founded in 1972. Roll forming machinery and coil-processing equipment are manufactured and designed by the firm. Customized roll forming machines are also available from the company. Automotive, decking garage doors (including track & door skins), lighting, heating & air-conditioning, pre-engineered buildings (including siding, roofing, purlins, soffit, gutter, and cornerbead), shelving & racking, solar, steel stud framing, and window & door frames are among the industries served by the company. Samco Machinery Ltd has received ISO 9001 certification.

Technological progresses in roll forming machine:

Over the last few years, the roll forming machine market has already seen considerable technological advancements. Technological advancements, such as the introduction of automated servo-electric roll forming machines, are assisting the metal forming sector in streamlining its metal forming process while maintaining a high level of security. For quality control and tool changeovers, advanced robotic roll forming machines use control units & sensor technology. As a result, technical advancements in roll forming machines will drive market expansion over the forecast period.
Regional Overview:
With a market share of xx percent in 2022, North America dominated the market. The steel that is produced in North America is processed using roll forming equipment and is widely used in the automotive industry. The Western European region follows North America. Western Europe came in second. Over the next anticipated year, the worldwide roll forming machine market is expected to rise rapidly, owing to improved opportunities in the manufacturing environment.

The objective of the report is to present a comprehensive analysis of the Roll Forming Machine Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Roll Forming Machine Market dynamics, structure by analyzing the Market segments and project the Roll Forming Machine Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Roll Forming Machine Market make the report investor’s guide.
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Roll Forming Machine Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 119.47 Mn.


Forecast Period 2023 to 2029 CAGR:
3.14%
Market Size in 2029:
US $ 148.34 Mn.


 Segments Covered:
by Type
Single-duty Roll Forming Machines
Standardized Roll Forming Machines
Side-by-side Roll Forming Machines
Double-headed Roll Forming Machines


by Operation
Manual Roll Forming Machines
Automatic Roll Forming Machines


by End-User
Automotive Industry
Manufacturing Industry
Construction Industry



Roll Forming Machine Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America
Roll Forming Machine Market Key Players:
1. Liebherr Group
2. SANY Group
3. SCHWING Stetter
4. Shantui Construction Machinery Co. Ltd
5. XCMG Co. Ltd
6. Zoomlion Heavy Industry Science & Technology Co. Ltd
7. BHS-Sonthofen GmbH
8. Terex Corporation
9. Anhui Hualing Automobile Group Co. Ltd
10. Akona Engineering Pvt. Ltd

FAQ’S:

1) What is the share of the Global Roll Forming Machine Market in 2022?
Answer: The Global Roll Forming Machine Market was accounted for 119.47 Mn in the year 2022.

2) Which Navigation Technology segment is dominating the Global Roll Forming Machine Market?
Answer: Magnetic Guidance segment is the dominating end use segment in the market.

3) What are the key players in the Global Roll Forming Machine Market?
Answer: Liebherr Group, SANY Group, SCHWING Stetter, Shantui Construction Machinery Co. Ltd, XCMG Co. Ltd, Zoomlion Heavy Industry Science & Technology Co. Ltd, BHS-Sonthofen GmbH, Terex Corporation, Anhui Hualing Automobile Group Co. Ltd, Akona Engineering Pvt. Ltd.

4) Which factor acts as the driving factor for the growth of the Roll Forming Machine Market?
Answer: The major factors for the growth of the Global Roll Forming Machine market includes rapid urbanization, rising population, strong economic growth, and growth in construction activity in both developed and developing countries.