Growing Construction Sector in Several Countries Coupled with Rising Production of Steel is Expected to Boost the Growth of the Global Cold Rolling Mills Machine Market During the Assessment Period, 2019-2026

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Global Cold Rolling Mills Machine Market is estimated to reach $XXX billion in 2019 with a CAGR of XX% from 2019 to 2026.

The rising number of steel manufacturing and construction plants is supporting the growth of the market. Factors such as growing infrastructural development and steadily increasing automotive industries are anticipated to create demand for cold rolling mills machines in the Asia Pacific region.

Growing Construction Sector in Several Countries Coupled with Rising Production of Steel is Expected to Boost the Growth of the Global Cold Rolling Mills Machine Market During the Assessment Period, 2019-2026

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OVERVIEW

In the past few years, the construction sector has observed substantial growth in the developed and developing economies which is estimated to fuel the demand for cold rolling mill machines. According to the data published by Statistics Canada, in Canada, the total worth of investment in building construction rose 2.5% to $169.9 billion in 2018, succeeding a 7.2% increase in 2017. The growth in 2018 was majorly due to high investments in commercial, multi-family, and industrial buildings. The construction sector uses various materials such as steel and aluminum, thereby, the growth in construction sectors leads to an increase in the production of these materials, thus increasing the demand for cold rolling mills machine. Likewise, the development in the automotive and transportation industry supports market growth. In addition, the rise in steel production owing to subsequent growth in related industries is projected to increase the demand for cold rolling mill machines. According to the data published by the WorldSteel Association, globally, the production of crude steel reached 1,808.6 million tonnes (Mt) in 2018, an increase by 4.6% when compared to the year 2017. On the flip side, the high operating costs associated with cold rolling mill machines may hinder the growth of the market.

The global cold rolling mills machine has been segmented into type and application. The type segment has divided into reversing rolling mills, tandem cold rolling mills, and others. The application segment has been bifurcated into strips, sheets, bars, and others.

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Based on geography, the global cold rolling mills machine market has been divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America has been classified into the U.S. and Canada. Europe region has been classified into the UK, France, Germany, Italy, and Rest of Europe. Asia-Pacific has been classified into South Korea, China, Japan, India, and Rest of Asia-Pacific. Furthermore, the South America region has been segmented into Brazil, Mexico, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Africa, and the Rest of the Middle East. North America is one of the prominent regions in the global market. The rising number of steel manufacturing and construction plants is supporting the growth of the market. Factors such as growing infrastructural development and steadily increasing automotive industries are anticipated to create demand for cold rolling mills machines in the Asia Pacific region.

Prominent companies functioning in the global cold rolling mills machine industry include Danieli, Primetals Technologies, CMI Machinery, Fives DMS, ANDRITZ Group, SMS Group, Leon Roll China, MINO SPA, Ishikawajima Heavy Industries, Fagor Arrasate S.Coop., Vaid Engineering Industries, Shandong Qingfeng automation equipment co. Ltd, Sambhav Machinery, FENN, and Nav Bharat. Strategies such as mergers & acquisitions and partnerships are undertaken by key market players to surge their consumer base.

Key developments by market players

  • In February 2019, Danieli entered into a partnership with the GFG Alliance for the construction and design of high-tech rail and section mill at Whyalla Steelworks.
  • In November 2018, Tata Steel awarded a contract to CMI for its cold rolling complex situated in Kalinganagar, India.
  • In January 2018, Primetals Technologies provided reversing cold rolling mill to TA 2000, S.A. de C.V. (Tyasa), a steel manufacturer located in Mexico. The mill was brought in operation and the first mill was rolled in TA 2000, S.A. de C.V. production plant situated in Ixtaczoquitlan. The mill was designed to produce 200,000 metric tons of low carbon and high-strength steel grades annually.

Cold Rolling Mills Machine Market Key Segments:

By Type

  • Reversing rolling mills
  • Tandem cold rolling mills
  • Others

By Application

  • Strips
  • Sheets
  • Bars
  • Others

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