ROLL FORMING MACHINE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Roll Forming Machine Market, By Type (Automatic Roll Forming Machines, Semi-Automatic Roll Forming Machines, and Manual Roll Forming Machines), By Material (Steel, Aluminum, Copper, and Others), By Application (Automotive, Construction, Aerospace, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa).
The demand for these machines is likely to be driven by the ongoing infrastructure development activities worldwide. Roll forming machines find extensive usage in manufacturing metal components for the construction of buildings, bridges, vehicles, etc. The rising construction of commercial and residential spaces will augment the sales of these machines.
However, the presence of substitutes such as press brakes may create short term headwinds for the market. Also, high initial investments associated with roll forming equipment are expected to restrain the growth to some extent. Nevertheless, the cost benefits of roll forming over press braking are likely to support adoption in the long run.
The Asia Pacific region is projected to dominate the roll forming machine sector during the projected timeframe. This can be attributed to increasing capital expenditure on infrastructure projects across developing nations such as India and China. Additionally, strong manufacturing activity along with rising exports from the metal processing industry will drive the regional market.