Rolling Mill and Other Metalworking Machinery Market Report 2025

The rolling mill and other metalworking machinery market size has grown strongly in recent years. It will grow from $27.55 billion in 2024 to $29.65 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to industrialization and construction, automotive and aerospace manufacturing, infrastructure development, raw material processing, quality and efficiency improvement.

The rolling mill and other metalworking machinery market size is expected to see strong growth in the next few years. It will grow to $38.49 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to digitalization and industry 4 integration, sustainability and eco-friendly manufacturing, customization and agile manufacturing, automation and robotics integration, globalization of manufacturing. Major trends in the forecast period include advanced materials processing, precision and micromachining, metal additive manufacturing, modular and reconfigurable machinery, energy-efficient processing.

The increasing demand for steel is set to be the driving force behind the growth of the rolling mill and other metalworking machinery market in the foreseeable future. Steel, a versatile alloy primarily composed of iron and carbon with minor alloying elements, plays a pivotal role in various industries due to its unique combination of strength, durability, and adaptability. Rolling mills are indispensable in the steel industry as they are instrumental in transforming steel ingots or billets into diverse shapes and forms, including sheets, plates, rods, and structural sections. For example, data from the World Steel Association, a Belgium-based trade association, reveals that steel demand is expected to experience a notable rebound of 2.3%, reaching a total of 1.82 billion metric tons (Mt) in the near future. Additionally, steel demand is projected to exhibit further growth, increasing by 1.7% to a total of 1.85 billion metric tons (Mt) by 2024. Hence, the surging demand for steel is the primary driver of growth in the rolling mill and other metalworking machinery market.

The rapid advancements in technology are poised to foster innovation within the manufacturing of rolling mills and other metalworking machinery, thus propelling the market in the forecast period. Cutting-edge technologies such as 3D printing, artificial intelligence, and big data analytics are now being integrated into the manufacturing process. This integration results in enhanced productivity, reduced operating costs, and increased profit margins. A global survey conducted by The Economist Intelligence Unit reveals that around 90% of corporate executives are optimistic about the positive impact of artificial intelligence (AI) on a company's growth. Furthermore, 86% of respondents believe that AI will significantly enhance productivity. Reduced operating costs translate to higher profit margins, enabling companies to broaden their product portfolios and enter new markets, thanks to investments driven by cost savings. The incorporation of Internet of Things (IoT) applications further enhances these machines, enabling features like remote monitoring and centralized feedback systems. Mobile applications, advanced sensors, and embedded software offer new opportunities for companies in this market. These factors are expected to stimulate growth in the rolling mill and other metalworking machinery manufacturing market throughout the forecast period.

Major industry players are actively investing in expanding their global presence to gain access to new markets, diversify their customer base, and reduce supply chain risks. These investments in rolling mills are directed toward establishing or enhancing metalworking facilities and machinery used in processing metal products like sheets and rods through rolling processes. Such investments are made to bolster production capacity and operational efficiency. For instance, Novelis Inc., a US-based provider of industrial rolling and recycling solutions, earmarked $2.5 billion for the construction of a state-of-the-art low-carbon recycling and rolling mill in Bay Minette, Alabama, USA, in May 2022. This advanced facility is projected to yield 600 kilotons of finished aluminum products annually, marking a significant growth phase for Novelis. The investment underscores the company's unwavering commitment to aligning with its customers' requirements and providing sustainable, low-carbon aluminum solutions. This strategic move is driven by the robust demand in North America for flat-rolled, environmentally friendly aluminum, used prominently by beverage companies. It emphasizes the pivotal role of aluminum packaging in sustainability and the circular economy.

Manufacturers of metalworking machinery are introducing 3D laser processing machines to expedite laser cutting and welding applications, reducing processing time significantly. A 3D laser, a sophisticated 5-axis laser machine, facilitates the cutting of sheet-metal components in three dimensions. It is especially adept at cutting various metals, including mild steel, stainless steel, and aluminum. The implementation of laser cutting has proven highly effective in reducing processing time and overall costs. It offers additional advantages such as localized laser energy input, high feed rates, and minimal heat input. 3D lasers are commonly employed in sectors like automotive and aerospace for tasks such as cutting or welding aluminum components, drilling engine parts, and laser surfacing used parts. Notably, laser cutting machines represent the largest segment of the metal cutting machinery market, indicating a substantial increase in the adoption of this technology. Major companies producing 3D laser cutting machines include Mitsubishi Electric, Trumpf, LST GmbH, and Mazak.

Major companies operating in the rolling mill and other metalworking machinery market include TRUMPF Group, Amada Co. Ltd., Mitsubishi Electric, LST GmbH, Mazak, Milacron LLC, Bradbury Co Inc., Standex International Corporation, Greenlee Tools Inc., Kuka Systems North America LLC, American Roller Company LLC, Danieli Corporation, George Koch Sons LLC, Jr Technology Group LLC, Bright Machines Inc., 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.

A rolling mill is a facility where metal is processed into plates and bars through rolling operations. Metalworking machinery, on the other hand, encompasses equipment designed for working with metal workpieces.

The primary categories of rolling mills and other metalworking machinery include wire drawing and fabricating machinery, coil winding and cutting machinery, rolling mill machines, and other related types of machinery. Rolling mill machines are specifically used for rolling metal by employing two rolls. These machines come in various capacities, including small, medium, and large, and find applications in metal manufacturing, machinery and equipment production, automotive manufacturing, and various other industrial uses.

The rolling mill and other metalworking machinery market research report is one of a series of new reports that provides rolling mill and other metalworking machinery market statistics, including rolling mill and other metalworking machinery industry global market size, regional shares, competitors with a rolling mill and other metalworking machinery market share, detailed rolling mill and other metalworking machinery market segments, market trends and opportunities, and any further data you may need to thrive in the rolling mill and other metalworking machinery industry. This rolling mill and other metalworking machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The Asia-Pacific was the largest region in the rolling mill market in 2024. 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, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the rolling mill and other metalworking machinery market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The rolling mill and other metalworking machinery market consist of sales of reversing mill, semi continuous mills, continuous mills, and tandem mill. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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