ROLL FORMING MACHINE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Roll Forming Machine Market Size and Trends

The global roll forming machine market is estimated to be valued at USD 9.34 Bn in 2024. The market is expected to reach USD 11.95 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.6% from 2024 to 2031.

Key Takeaways of the Roll Forming Machine Market

• The steel segment is expected to dominate this market, holding 38.5% of the market share in 2024.
• The automotive segment is expected to lead this market, capturing 35.6% of the market share in 2024.
• The automatic roll forming machines segment is expected to account for 45.3% of the market share in 2024.
• Asia Pacific is estimated to top the market with 30.6% share, followed by North America with 22.7% share in 2024.

Market Overview:

The demand for roll forming machines is driven by the growth in construction and infrastructure development activities across the world. This market is anticipated to grow owing to increasing infrastructure development projects globally. Rapid urbanization has boosted the construction of residential and commercial buildings in emerging economies. Roll forming is widely adopted in construction applications such as rails, pipes, and panels owing to its ability to produce long, accurately shaped sections with high output. Strong growth in construction and infrastructure industries will continue driving demands for roll forming machines over the forecast period.

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Key Developments:

• In April 2024, Omco Solar, headquartered in Phoenix, U.S., announced the establishment of a second manufacturing facility in Huntsville, U.S. The company invested over USD 10 million in the new plant, which will employ 30 workers. Full operations are scheduled to commence by the third quarter of 2024.
• In February 2024, the Engineering Technology Group (ETG) introduced a new fabrication division, equipped with advanced technologies such as tube bending, flatbed laser cutting, and cold roll forming. This division aims to deliver integrated solutions to manufacturers across various industries.
• In May 2023, Novelis Inc. unveiled a new roll-forming development line designed to accelerate innovation in aluminum automotive parts. This initiative focuses on meeting the growing demand for high-strength aluminum components, enabling large-scale production to align with industry needs.

Top Strategies Followed by Global Roll Forming Machine Market Players

• Established Players: Leading companies in the global roll forming machine sector heavily invest in research and development to drive product innovation.
  • For instance, major players like Bradbury Group and Eurobend S.A. allocate over 10% of their annual revenue to R&D activities. This allows them to introduce industry-first features such as modular designs, advanced vibration control systems, and advanced PLC controls. Such innovations help established players strengthen brand value and cater to the evolving needs of customers.
• Mid-Level Players: Companies at mid-level focus on effective cost management to provide affordable roll forming solutions. They optimize production processes, source high-quality components from reliable suppliers, and leverage economy of scale.
• • For instance, mid-sized players like JIDET and AMADA price their basic and standardized roll forming machines 10-15% below top brands while maintaining decent margins. Their budget-friendly offerings target price-conscious customers in cost-sensitive markets.
• Small-Scale Players: To compete against strong brands, small players look for underserved niche segments and respond swiftly to customized requirements.
  • For instance, startups like Superion Roll Form and Fabri-Kal identify demands such as producing specialty profiles or recycling scrap. They develop highly specialized machines that address unique applications and technical specifications. This helps niche players gain a foothold and differentiate in the competitive market.

Emerging Startups in the Global Roll Forming Machine Market

• Innovative Technologies: Emerging startups are bringing path-breaking technologies like AI-driven process optimization solutions. Rollbot is developing an AI assistant that monitors production data, detects irregularities, and suggests corrective actions to maximize efficiency. Another example is SmartBend, whose smart sensor modules collect real-time formatting data to enable predictive maintenance and reduce downtime. Such innovative startups have the potential to transform roll forming operations through industry applications.
• Sustainable Solutions: Eco-conscious startups are actively contributing to sustainability goals. Preformed Line Products designs roll formers optimized for recycling aluminum and steel scrap to minimize waste. U.K.-based Ecobend has introduced machine components made from recycled plastics that help lower carbon footprint.