Rolling Dies Market Size [2023-2030] Worth $667.7 Million By 2030 | Exhibiting a CAGR of 6.1%
Fortune Business Insights
5 min read
Fortune Business Insights
As per the report by Fortune Business Insights, the global Rolling Dies Market size is projected to reach USD 667.7 million in 2030, at a CAGR of 6.1% during the forecast period, 2023-2030
Pune, India, Oct. 17, 2023 (GLOBE NEWSWIRE) -- The global rolling dies market size was valued at USD 418.8 million in 2022 and is expected to be worth USD 439.7 million in 2023. The market is projected to reach USD 667.7 million by 2030, recording a CAGR of 6.1% during the forecast period.
Rolling dies are thread-forming tools primarily utilized in various production processes such as watch and camera assembly. They play a vital role in creating small screws in auto lathes and are used as attachments in rod threading machines. The market for rolling dies is witnessing growth owing to their increasing utilization across a wide range of industry verticals including consumer electronics, automotive, cutlery, and white goods, to fabricate various intricate and complex metal components.
High Precision and Durability of Rolling Dies are Notable Market Trends
Technological Advancements in Metals Industry to Drive Market Growth
Report Coverage:
The report studies the market in depth and highlights key aspects, such as leading product/service types, companies, and key applications of the product. It offers insights into the market trends and covers key industry developments. In addition to the factors mentioned above, the report encompasses several factors that contributed to the market’s growth in recent years.
Technological Advancements in Metal Sector to Fuel Market Growth
Various metal sectors, including aluminum, steel, iron, and copper, are witnessing a notable rise in technological advancements to boost overall productivity and performance. This factor has led to the creation of high-quality alloys and materials that are more wear-resistant, durable, and can endure high temperatures. These technological innovations have enabled the production of rolling dies using superior materials to enhance their longevity, thereby contributing to market growth.
However, fluctuations in the cost of raw materials can impede rolling dies market growth.
Market Segmentation:
Rolling Flat Dies to Witness Robust Demand Due to Their Lucrative Benefits
In product type, the market is classified into rolling flat dies, thread rolling cylindrical dies, rotary type thread rolling dies, rack type rolling dies, trimming dies, round dies, others (drill point dies). The rolling flat dies segment is experiencing a notable CAGR, being the traditional and efficient method of cold-forming threads. This process utilizes two flat dies, one stationary and one moving, to create threads in a single working stroke, contributing to its dominance.
Roll Forming Enhances Automotive Efficiency through Lightweight Component Production
Based on end-user, the market is categorized into automotive, white goods, medical, cutlery, consumer electronics, general engineering, and others (marine). The automotive segment is predicted to dominate the market due to the growing use of roll forming technology to reduce the weight of vehicles.
With respect to region, the market covers North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Asia Pacific to Dominate Market Due to Expansion of Different Industrial Sectors
Asia Pacific captured the largest rolling dies market share due to the expansion of various sectors such as automotive, consumer electronics, and aerospace. The rapid growth of the automotive sector in countries such as India, Japan, and South Korea has propelled the adoption of rolling dies in the region.
Europe captured the second-largest market share in 2022 due to large-scale industrialization, which has boosted the demand for machining and metalworking processes.
Competitive Landscape:
Key Product Manufacturers to Expand Customer Base by Using Corporate Growth Strategies
Some of the top companies operating in the market have accounted for a significant market share. These firms are aiming to gain access to untapped customer bases by using corporate growth strategies such as partnerships, mergers, and acquisitions to expand their market presence.
List of the Companies Operating in the Market:
OSG Corporation (Japan)
CJ Winter Brinkman International Group, Inc. (U.S.)
Union Tool Co. (Japan)
Fastener Industries Inc. (U.S.)
PROFIROLL TECHNOLOGIES GMBH (Germany)
Mayes and Warwick Limited (U.K.)
Tesker Manufacturing Corporation (U.S.)
Kinefac Corporation (U.S.)
Hieber & Maier GmbH (Germany)
Heroslam (Spain)
Key Industry Development:
Otter Tail Power announced its partnership with Landis to offer innovative metering infrastructure, software, and services to assist the firm in building a stronger and smarter grid across its three-state service area.
Major Table of Contents:
Introduction
Definition, By Segment
Research Methodology/Approach
Data Sources
Executive Summary
Market Dynamics
Macro and Micro Economic Indicators
Drivers, Restraints, Opportunities and Trends
Impact of COVID-19
Competition Landscape
Business Strategies Adopted by Key Players
Consolidated SWOT Analysis of Key Players
Global Rolling Dies Key Players Market Share Insights and Analysis, 2022
Global Rolling Dies Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
Key Findings
By Product Type (USD)
Rolling Flat Dies
Thread Rolling Cylindrical Dies
Rotary Type Thread Rolling Dies
Rack Type Rolling Dies
Trimming Dies
Round Dies
Others (Drill Point Dies, etc.)
By End-Users (USD)
Automotive
White Goods
Medical
Cutlery
Consumer Electronics
General Engineering
Others (Marine, etc.)
By Region (USD)
North America
Europe
Asia-Pacific
Middle East & Africa
South America
North America Rolling Dies Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
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