PUBLISHER: The Business Research Company | PRODUCT CODE: 1426418
PUBLISHER: The Business Research Company | PRODUCT CODE: 1426418
A hot roll slitter is a specialized industrial machine equipped with rotating knives designed to cut hot-rolled metal into narrower strips of specific widths in the metal processing and manufacturing industry. This process is crucial for transforming large metal coils into smaller, more manageable strips that can be further processed, fabricated, or used in various applications.
The main types of hot roll slitters are log slitting and rewind slitting. Log slitting, also known as baloney slitting, involves cutting a large master roll or log of material into narrower rolls or logs of smaller width. Various types of blades, such as shear, razor, and score blades, are employed in applications spanning paper and pulp, printing and packaging, non-woven fabric, and others. The end users of hot roll slitters include industrial, commercial, and personal use.
The hot roll slitters market research report is one of a series of new reports from The Business Research Company that provides hot roll slitters market statistics, including hot roll slitters industry global market size, regional shares, competitors with a hot roll slitters market share, detailed hot roll slitters market segments, market trends and opportunities, and any further data you may need to thrive in the hot roll slitters industry. This hot roll slitters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 expansion observed in the historical period can be attributed to factors such as the expansion of the steel and metal industry, the demand for precision slitting processes, requirements from the automotive sector, the globalization of manufacturing, and the demand from the energy sector.
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 anticipated growth in the forecast period can be attributed to factors such as renewable energy infrastructure projects, a focus on lightweight materials, increasing demand for customization and flexibility, adherence to stricter environmental standards, and ongoing urbanization and construction trends. Key trends in the forecast period encompass the digitalization of manufacturing processes, technological advancements in metal processing, the adoption of advanced material handling technologies, the integration of Industry 4.0 technologies, and a heightened focus on energy efficiency and sustainability.
The hot roll slitter market is poised for growth due to the increasing demand for stainless steel. Stainless steel, known for its corrosion resistance due to chromium content, has witnessed a surge in global production. In 2021, global stainless-steel production increased by 10.6% compared to 2020, reaching 56.3 million tons, and it is expected to further grow by 4% year-over-year, reaching 58.6 million tons in 2022. This heightened demand for stainless steel is a key driver behind the growth of the hot roll slitter market. Hot roll slitters play a crucial role by cutting hot-rolled stainless-steel strips into smaller widths and recoiling them into finished coils.
The hot-roll slitter market is also anticipated to experience growth driven by the increasing demand from the metal manufacturing industry. This diverse sector involves various entities engaged in the creation, advancement, production, and modification of metal items. Hot roll slitters are instrumental in the metal manufacturing process, slicing metal coils based on required thickness and measurements. Notably, the metal manufacturing industry in Ontario saw a significant increase, with sales in the primary metal manufacturing segment rising by 54.6% in 2021, contributing to an overall growth of 11.6% in total manufacturing sales. This escalating demand from the metal manufacturing industry is propelling the hot roll slitter market.
The growth of the hot-roll slitter market may face constraints due to disruptions in supply chains. Short-term challenges such as supply chain disruptions can lead to increased costs for raw materials and transportation, impacting the profitability of hot roll slitter manufacturers. A survey conducted in November 2022 revealed that over three-quarters of companies experienced some form of external supply chain disruption, with material shortages being a prominent challenge. These disruptions in supply chains pose a challenge to the growth of the hot-roll slitter market.
Major companies in the hot roll slitter market are adopting innovative products to provide reliable services to customers. One such innovation is the introduction of shape-correction slitters, designed to correct the shape of metal coils before slitting. For instance, Ohio Pickling & Processing launched the Braner .25 Stilling Line, a Hi-Performance Shape-Correction Turret Head Slitting Line with Automatic Slit Coil Packaging. This machinery can efficiently process various metal coils, offering tight-line, single-loop, and double-loop operating modes. It features in-line CNC shape-correction leveling, ensuring the production of high-quality slit coils.
In July 2022, Zhejiang Yongsheng Technology extended its collaboration with Goebel IMS, a provider of slitter rewinders. This partnership resulted in the addition of two primary slitter rewinders, MONOSLIT 9000 BOPET and MONOSLIT GIANT 11000 BOPET, for BOPET converting. Zhejiang Yongsheng Technology is a China-based industrial control valves creator and producer.
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.
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
The countries covered in the hot roll slitter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The hot roll slitter market consists of sales of precision slitting equipment, rotary shear slitter, and scrap chopper slitter. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hot Roll Slitter Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hot roll slitter market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hot roll slitter? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hot roll slitter market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.