Technavio released a new market research report on the global roll forming machine market from 2019 to 2023. (Illustration: Business Wire)
Technavio released a new market research report on the global roll forming machine market from 2019 to 2023. (Illustration: Business Wire)
LONDON–(BUSINESS WIRE)–According to a new report from Technavio, by 2023, the global roll forming machine market is expected to reach USD 121.56 million, a compound annual growth rate during the forecast period Will exceed 3%. The growing demand from the automotive industry is expected to expand the market during the forecast period.
Read TOC’s 110-page research report “End-user (automotive, manufacturing, and construction) roll forming machine market analysis reports, and market segment forecasts from 2019 to 2023″, available at
Roll forming machines are widely used in the automotive industry to manufacture automotive parts such as door sill panels, bumpers, door beams, crash tubes and other applications. This is mainly due to the fact that the roll forming machine can develop high tensile strength while reducing costs. Therefore, the demand for roll forming machines in the automotive industry is expected to increase significantly, thereby driving the growth of the roll forming machine market during the forecast period.
In the past few years, the roll forming machine market has witnessed major technological advancements. Technological advancements such as automated servo-electric roll forming machines are helping the metal forming industry simplify its metal forming process and ensure a high degree of safety. Modern robotic roll forming machines use control units and sensor technology for quality control and tool conversion. Therefore, the technological advancement of roll forming machines will drive market growth during the forecast period.
The availability of alternatives such as pressure bread machines and hot metal stamping is one of the threats affecting the growth of the roll forming machine market. Since the machines available on the market have a high level of automation, hot metal stamping is very popular in the manufacturing industry. They can also form 3D metal parts. Although this challenge has little impact in the field of roll forming machines, improvements in hot metal stamping machines may exacerbate this challenge during the forecast period.
Technavio segmented the global roll forming machine market based on end users (automotive, manufacturing, construction, and regions (Asia Pacific, Europe, North America, South America, and MEA)).
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Technavio is the world’s leading technology research and consulting company. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market position.
Technavio’s report library has more than 500 professional analysts, including more than 10,000 reports, and it is constantly increasing, covering 800 technologies across 50 countries/regions. Their customer base includes companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insight to identify opportunities in existing and potential markets, and evaluate their competitive position in changing market scenarios.
Technavio Research Jesse Maida Media and Marketing Director United States: +1 844 364 1100 United Kingdom: +44 203 893 3200 www.technavio.com media@technavio.com.
According to a new report from Technavio, by 2023, the global roll forming machine market is expected to reach USD 121.56 million.
Technavio Research Jesse Maida Media and Marketing Director United States: +1 844 364 1100 United Kingdom: +44 203 893 3200 www.technavio.com media@technavio.com.
Post time: Aug-13-2021