What is Global Reversing Cold Mills Market?
The Global Reversing Cold Mills Market is a specialized segment of the global industrial machinery market. It refers to the worldwide market for reversing cold mills, which are machines used in the process of cold rolling. Cold rolling is a technique used in the metalworking industry to reduce the thickness of metal sheets and to improve their finish and dimensional accuracy. Reversing cold mills are unique in that they can roll the metal strip in both directions, hence the term 'reversing'. This allows for a more efficient use of the material and can result in a higher quality product. The global market for these machines is significant and is influenced by a variety of factors, including the overall health of the global economy, the demand for metal products, and technological advancements in the field of metalworking.
Single-stand Reversing Cold Mills, Two-stand Reversing Cold Mills in the Global Reversing Cold Mills Market:
The Global Reversing Cold Mills Market can be segmented based on the type of mill, with the two main types being Single-stand Reversing Cold Mills and Two-stand Reversing Cold Mills. Single-stand mills consist of one rolling stand, while two-stand mills consist of two. The choice between the two types depends on the specific requirements of the production process. Single-stand mills are generally used for the production of wide and thin strips, while two-stand mills are used for the production of narrow and thick strips. Both types of mills have their own advantages and disadvantages, and the choice between the two often comes down to the specific needs of the manufacturer.
Steel, Aluminum, Others in the Global Reversing Cold Mills Market:
The Global Reversing Cold Mills Market finds its usage in various areas, with the primary ones being Steel, Aluminum, and Others. In the steel industry, reversing cold mills are used to produce high-quality steel strips that are used in various applications, from construction to automotive manufacturing. The aluminum industry also makes use of these mills to produce aluminum strips that are used in a wide range of applications, including packaging, transportation, and electrical equipment. Other industries that use reversing cold mills include the copper industry and the brass industry, among others. The usage of these mills in these industries is driven by the need for high-quality metal strips that meet specific dimensional and finish requirements.
Global Reversing Cold Mills Market Outlook:
The outlook for the Global Reversing Cold Mills Market is positive, with the market expected to grow at a steady pace in the coming years. As of 2022, the market was valued at US$ 533.8 million and is expected to reach US$ 749.1 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period of 2023-2029. This growth is expected to be driven by a variety of factors, including the increasing demand for high-quality metal products, technological advancements in the field of metalworking, and the overall growth of the global economy. From a regional perspective, Europe held the largest market share in 2018, accounting for 41.23% of the total market. North America and China also held significant market shares, accounting for 22.58% and 16.36% of the total market respectively. These regions are expected to continue to play a significant role in the market in the coming years.
| Report Metric | Details |
| Report Name | Reversing Cold Mills Market |
| Accounted market size in 2022 | US$ 533.8 in million |
| Forecasted market size in 2029 | US$ 749.1 million |
| CAGR | 4.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | SMS Group, ANDRITZ Group, Primetals Technologies, Danieli, MINO SPA, Tenova (Techint Group), John Cockerill Group, IHI Corporation, Fagor Arrasate S.Coop., Shanghai Jingxiang, AT&M Environmental, MAS RollPro |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
