The hot roll slitter global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Hot Roll Slitter Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The hot roll slitter market size has grown steadily in recent years. It will grow from $2.47 billion in 2023 to $2.59 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to steel and metal industry expansion, demand for precision slitting, automotive sector requirements, globalization of manufacturing, energy sector demand.
The hot roll slitter market size is expected to see steady growth in the next few years. It will grow to $3.06 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to renewable energy infrastructure projects, focus on lightweight materials, customization and flexibility, stricter environmental standards, urbanization and construction trends. Major trends in the forecast period include digitalization in manufacturing, technological advancements in metal processing, adoption of advanced material handling technologies, integration of industry 4.0 technologies, focus on energy efficiency and sustainability.
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Scope Of Hot Roll Slitter Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Hot Roll Slitter Market Overview
Market Drivers –
The increasing demand for stainless steel is expected to propel the growth of the hot roll slitter market going forward. Stainless steel is a steel alloy containing chromium that offers improved corrosion resistance over traditional lower alloy and carbon steels. A hot roll slitter cuts hot-rolled stainless-steel strips into smaller widths and recoils the resulting strands into a finished coil. For instance, in April 2023, according to GMK Center, a Ukraine-based steel market consulting company, the global stainless-steel production increased by 10.6% compared to 2020 – up to 56.3 million tons in 2021, and it is expected to increase by 4% y/y to reach 58.6 million tons in 2022. Therefore, the increasing demand for stainless steel is driving the growth of the hot roll slitter market.
Market Trends –
Major Companies operating in the hot roll slitter market are adopting new innovative products, such as shape-correction slitters, to provide reliable services to the customers. A shape-correction slitter is a type of slitter that is used to correct the shape of a metal coil before it is slit. For instance, in April 2022, Ohio Pickling & Processing, a US-based provider of toll processing services, launched Braner .25 Stilling Line, a new Hi-Performance Braner or Loopco Shape-Correction Turret Head Slitting Line with Automatic Slit Coil Packaging. The new machinery can efficiently process 35-ton, 72-inch-wide hot, cold, and coated coils with ultra-high-strength mechanical qualities up to 290,000 psi (2000 MPa). The slitting line has tight-line, single-loop, and double-loop operating modes and in-line CNC shape-correction leveling to manufacture slit coils of the highest quality. It is a 200 HP Turret Head Slitter with two quick-change 10″ slitter heads, allowing fast and easy changes between different slitting widths.
The hot roll slitter market covered in this report is segmented –
1) By Type: Log Slitting, Rewind Slitting
2) By Blade: Shear, Razor, Score
3) By Application: Paper And Pulp, Printing And Packaging, Non-Woven Fabric, Other Applications
4) By End-User: Industrial, Commercial, Personal Use
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Regional Insights –
Asia-Pacific was the largest region in the hot roll slitter market in 2023. The regions covered in the hot roll slitter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the hot roll slitter market report are Orion Graphic Machinery, Lifetime Products Inc., Windmoller & Holscher Machinery k.s., Oteman, HPL Electric And Power Ltd, Svegea Of Sweden AB, HCI Converting Equipment Co Ltd., Comexi Group Industries S.A.U, Parkland Machines Ltd., Atlas Converting Equipment Ltd., Ghezzi & Annoni S.R.L., Toray Engineering Co Ltd., TTR Euroworks BV, KingJime Machine Co Ltd, BlueSky Machine Co Ltd., Rosenthal Manufacturing Co Inc., Greer Steel Co Inc., Euromac SRL, Grand Steel Products Inc., Universal Converting Equipment Ltd, ASHE Controls Limited, CMC Converting Machinery Cevenini S.r.l, Dah Bah Machinery Industrial Inc., H. R. (Paper) Machinery Private Limited, LIDEM Mechanical Constructions S.L., Ribamatic, Web Control Machinery Corp.
Table of Contents
1. Executive Summary
2. Hot Roll Slitter Market Report Structure
3. Hot Roll Slitter Market Trends And Strategies
4. Hot Roll Slitter Market – Macro Economic Scenario
5. Hot Roll Slitter Market Size And Growth
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27. Hot Roll Slitter Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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