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Rolling Mill And Other Metalworking Machinery Market Revenue Growth On Track For A 6.8% CAGR Through 2030
The market size for rolling mill and other metalworking machinery has experienced significant growth in recent years. This market is projected to expand from $29.18 billion in 2025 to $30.9 billion by 2026, at a compound annual growth rate (CAGR) of 5.9%. Historically, this growth can be attributed to increased steel and metal production, the expansion of automotive manufacturing, industrialization in emerging economies, the adoption of mechanized metal forming processes, and the demand for high-volume metal components.
The rolling mill and other metalworking machinery market size is projected to experience substantial expansion over the upcoming years. This market is anticipated to reach $40.18 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.8%. The expansion during this forecast period is primarily driven by factors such as the rise in electric vehicle production, an increase in infrastructure development initiatives, the growing need for lightweight metal components, the integration of smart manufacturing methodologies, and the upgrading of outdated metalworking plants. Significant trends expected during this period encompass the greater embrace of automated rolling mill systems, the escalating incorporation of digital control and monitoring technologies, an expanding requirement for energy-efficient metalworking equipment, the broader deployment of high-precision cold rolling techniques, and an enhanced emphasis on adaptable and multi-product metal processing.
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Rolling Mill And Other Metalworking Machinery Market Growth Backed By Core Demand Fundamentals
Future expansion of the rolling mill and other metalworking machinery market is anticipated to be driven by increasing steel demand. Steel, a ubiquitous metal alloy primarily of iron and carbon with minor other elements, finds extensive global application owing to its inherent strength, durability, and versatility. Within the steel sector, rolling mills are indispensable for transforming steel ingots or billets into diverse forms such as sheets, plates, rods, and structural sections. Illustratively, data from the World Steel Association, a Belgium-based trade association, indicated in April 2023 that steel demand was projected to recover by 2.3%, accumulating to 1,822.3 million metric tons (Mt). Furthermore, a 1.7% increase in steel demand is foreseen for 2024, bringing the total to 1,854.0 million metric tons (Mt). Consequently, the expanding need for steel is a key catalyst for the growth of the rolling mill and other metalworking machinery market.
Rolling Mill And Other Metalworking Machinery Market Segmentation And Category Overview
The rolling mill and other metalworking machinery market covered in this report is segmented –
1) By Type: Wire Drawing and Fabricating Machinery, Coil Winding and Cutting Machinery, Rolling Mill Machines, Other Rolling Mill And Other Metalworking Machinery
2) By Capacity: Small, Medium, Large
3) By Application: Metal Manufacturing, Machinery and Equipment, Automotive, Other Applications
Subsegments:
1) By Wire Drawing And Fabricating Machinery: Wire Drawing Machines, Wire Fabricating Machinery
2) By Coil Winding And Cutting Machinery: Coil Winding Machines, Coil Cutting Machines
3) By Rolling Mill Machines: Hot Rolling Mill Machines, Cold Rolling Mill Machines, Steckel Rolling Mill Machines
4) By Other Rolling Mill And Other Metalworking Machinery: Forging Machinery, Metal Shearing Machines, Punching Machines, Bending Machines, Other Metalworking Machinery
#Rolling Mill And Other Metalworking Machinery Market Growth Trends: What’s Shaping The Future Outlook?
Major companies within the rolling mill and other metalworking machinery market are focusing on developing advanced solutions, such as cutting-edge automation systems, to improve operational efficiency and safety. These automation systems integrate both level 1 and model-based level 2 control functions, ergonomic operator interfaces, and digital commissioning aided by a plant’s digital twin to optimize production processes, reduce periods of inactivity, and ensure high dependability. As an illustration, in July 2025, SMS Group, a Germany-based metallurgical plant and mechanical engineering company, commenced a modernization project for the cold rolling mill at thyssenkrupp Electrical Steel (tkES) in Gelsenkirchen. The upgraded system features X-Pact Embedded controllers, a high-speed EtherCAT I/O system, and virtualized IT infrastructure. It includes ergonomic control pulpits, the X-Pact Vision HMI for effective operator guidance, and comprehensive maintenance, diagnostics, and troubleshooting tools. The master controller is responsible for coordinating rolling processes and ensuring seamless interaction between automation levels and safety systems. The project also entails rigorous pre-optimization through X-Pact Plug & Work integration tests and thorough testing of independent safety control functions to boost reliability and reduce commissioning time. This initiative strengthens plant availability, safety, and production potential while demonstrating long-term lifecycle support.
Rolling Mill And Other Metalworking Machinery Market Competitive Analysis Of Leading Industry Participants
Major companies operating in the rolling mill and other metalworking machinery market are TRUMPF Group, Amada Co. Ltd., Mitsubishi Electric, LST GmbH, Mazak, Bradbury Co. Inc., Standex International Corporation, Greenlee Tools Inc., KUKA Systems North America LLC, American Roller Company LLC, Danieli Corporation, George Koch Sons LLC, SMS Group GmbH, Primetals Technologies Limited, Fives Group, Andritz AG, Nucor Corporation, JTEKT Corporation, Okuma Corporation, DMG Mori Co. Ltd., Makino Milling Machine Co. Ltd., Haas Automation Inc., Doosan Machine Tools Co. Ltd., Komatsu Ltd., Mori Seiki Co. Ltd., FANUC Corporation, Siemens AG, ABB Ltd.
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Rolling Mill And Other Metalworking Machinery Market Geographic Landscape: Which Region Leads Industry Growth?
Asia-Pacific was the largest region in the rolling mill market in 2025. Western Europe was the second largest region of the rolling mill market. The regions covered in the rolling mill and other metalworking machinery market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
