PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1290467
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1290467
Global Rolling Dies Market is valued at approximately USD 517 million in 2022 and is anticipated to grow with a healthy growth rate of more than 7.05% over the forecast period 2023-2030. Rolling Dies are different types of tools that are used for forming and shaping metal according to the size or shape of their want. They are commonly used in the manufacturing of various components of metals. The factor that drives the growth of the market is the rising consumer demand as the consumers need customized products which led to an increase in demand for customized metal components and rolling dies help to produce all those customized products with complex shapes and sizes. The other factor that drives the growth of the market is the increasing demand for commercial vehicles as rolling dies are important tools for the manufacturing commercial vehicles and the increase in demand for commercial vehicles leads to an increase in demand for rolling dies. As per Statista, the production of commercial vehicles worldwide was around 23.2 million units in 2021 and it is expected to increase YoY basis which is expected to drive the growth of the market. However, the rising usage of composites in automotive applications hinders the growth of the market.
The growth opportunity factor for the market is the usage of rolling dies in various industries such as automotive, white goods, cutlery, consumer goods and so on. As per Statista, the number of units sold in 2021 was 66.7 million and it is expected to increase in the forecasting years and it is expected to create opportunities for the rolling dies market. The other growth opportunity factor is advancements in technology as new technologies such as 3D printing present opportunities for the companies to innovate and it is also expected to create opportunities for the market as well.
The key regions considered for the Global Rolling Dies Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to reasons such as the lot of investment in the development of several industries of the region and as a result the demand and the growth of the market has increased.
Europe is expected to grow significantly during the forecast period, owing to factors such as advancements in the technology of the region.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable