Continuous Rotary Extrusion Equipment Market

Continuous Rotary Extrusion Equipment Market Size (2023-2028):

The Global Continuous Rotary Extrusion Equipment Market size is expected to grow with a CAGR of 4.8% during the forecast period. The market was valued at USD 466.36 million in 2022 and is expected to reach USD 595.72 million by 2028.

Market Overview:

Continuous Rotary Extrusion Equipment is a special machine used in metalworking to create long and seamless shapes like tubes and rods. It works by feeding a solid metal block into a rotating die, which presses the metal through a small hole to shape it continuously. This process is similar to squeezing toothpaste from a tube but with metal. The equipment helps produce smooth and precise metal parts for items like pipes, wires, and profiles. It is efficient, reduces waste, and finds applications in various industries such as aerospace, automotive, and construction. In simple terms, it's like a magic metal shaper that creates long and perfect metal shapes without any breaks or joints.

Market Drivers:

Continuous Rotary Extrusion Equipment Market growth is on the rise due to its ability to produce long and seamless metal shapes like tubes and rods. Which helps in Industries like automotive, aerospace, and construction require these seamless metal products for various applications. The equipment's efficient and continuous production process meets the growing market demand for precision-engineered metal components. As a result, the Continuous Rotary Extrusion Equipment market is witnessing steady growth and meets the needs of different industries.

Continuous Rotary Extrusion Equipment Market is gaining popularity because it uses less energy than other metal forming methods. This process consumes less energy, making it a greener option for sustainable manufacturing. As companies focus on sustainability and reducing their environmental impact, the market demand for Continuous Rotary Extrusion Equipment rises. Its ability to produce seamless metal shapes with minimal energy consumption makes it an attractive option for various sectors, contributing the market growth.

Market Restraints:

The Continuous Rotary Extrusion Equipment market faces a challenge due to the high initial investment required for purchasing and setting up the equipment. This cost can be a barrier for smaller businesses or companies with limited budgets. As a result, some small and medium-sized enterprises may find it challenging to adopt this technology, which impacts its widespread use. However, for larger enterprises with the financial capacity, the benefits of Continuous Rotary Extrusion Equipment's efficient metal shaping process remain attractive, contributing to its overall market growth.

Market Opportunities:

The Continuous Rotary Extrusion Equipment market holds promising opportunities with ongoing technological advancements. As technology improves, we can expect to see more efficient and automated equipment, which will lower production costs and boost productivity. Manufacturers can benefit from these advancements by offering better-quality products at competitive prices. Customers will be attracted to the enhanced capabilities of the equipment, leading to increased market demand in various industries. Embracing these advancements can make Continuous Rotary Extrusion Equipment more competitive and appealing to industries seeking cost-effective and high-quality metal shaping solutions. The Continuous Rotary Extrusion Equipment market has exciting opportunities in emerging markets. Developing economies with growing industrial sectors present untapped potential for manufacturers. These countries' rising demand for high-quality metal products, like tubes and rods, opens doors for Continuous Rotary Extrusion Equipment to fulfill their needs. By establishing a strong presence in these regions, manufacturers can access new customers and expand their business, contributing to the overall growth of the Continuous Rotary Extrusion Equipment market shares.

Market Key Developments:

• In 2021, NIPPON STEEL Engineering has been focusing on improving the efficiency and automation of its Continuous Rotary Extrusion Equipment. They have introduced advanced control systems and integrated Industry 4.0 technologies to enhance productivity and reduce production costs.
• In 2021, SMS Group developed Continuous Rotary Extrusion Equipment with a broader range of capabilities, allowing for the production of more complex shapes and profiles. Their equipment is designed to cater to the specific needs of industries like automotive and aerospace.

CONTINUOUS ROTARY EXTRUSION EQUIPMENT MARKET REPORT COVERAGE:

Market Segmentation:

Continuous Rotary Extrusion Equipment Market - By Equipment Type:

• Horizontal
• Vertical 

The vertical Continuous Rotary Extrusion Equipment market has dominant shares due to its preference for precise control over extrusion, producing long shapes like tubes and rods. Widely used in automotive, aerospace, and electrical industries. However, innovations may drive increased adoption of Horizontal Continuous Rotary Extrusion Equipment, offering specific advantages in certain applications and industries. 

Continuous Rotary Extrusion Equipment Market - By Application Type:

• Automotive 
• Aerospace
• Construction
• Electrical 
• Others

The automotive industry holds a significant Continuous Rotary Extrusion Equipment market share due to its ability to efficiently produce precision-engineered components like tubes and rods. The equipment's capacity to handle lightweight and high-strength materials, such as aluminum and copper, aligns with the automotive sector's need for quality and performance in manufacturing processes.

Continuous Rotary Extrusion Equipment Market - By End-User Type:

• Original Equipment Manufacturers (OEMs)
• Aftermarket

Original Equipment Manufacturers (OEMs) dominate the Continuous Rotary Extrusion Equipment market size due to their need for high-volume production of precise and consistent metal components. The equipment's ability to provide customized shapes and sizes further caters to OEMs' specific requirements, making it an ideal choice for their manufacturing processes.

Continuous Rotary Extrusion Equipment Market - By Region:

• North America
• Europe
• Asia-pacific
• Middle East and Africa
• Latin America

North America dominates the Continuous Rotary Extrusion Equipment market because of its strong automotive and aerospace industries. The region's focus on technology and energy-efficient manufacturing also boosts the equipment's popularity. Europe is a key player known for its automotive, aerospace, and construction industries, emphasizing sustainable practices. The Asia-Pacific region is growing rapidly, driven by industries like automotive and electrical in countries like China, India, and Japan. Middle East and Africa show steady growth due to construction projects. Latin America shows increasing interest, especially in automotive and aerospace, in pursuing energy-efficient solutions.

Impact of COVID-19 on the Continuous Rotary Extrusion Equipment Market:

The COVID-19 pandemic had a significant impact on the Continuous Rotary Extrusion Equipment market. During the initial outbreak and subsequent lockdowns, many industries, including automotive, aerospace, and construction, faced disruptions in production and supply chains. Which reduced the market demand for non-essential goods and decreased investments in new projects, also affecting the market size. However, as the world adapted to the new normal, the market gradually recovered. Industries' focus on automation and efficiency increased demand for Continuous Rotary Extrusion Equipment to streamline manufacturing processes. Additionally, the growing demand for sustainable and energy-efficient solutions further boosted its adoption. The market's resilience and adaptability showcased its potential for growth despite the challenges posed by the pandemic.

Market Key Players:

1. NIPPON STEEL Engineering Co., Ltd.
2. SMS Group GmbH
3. Properzi International
4. Continuus-Properzi S.p.A.
5. Danieli & C. Officine Meccaniche S.p.A.
6. SECO/WARWICK Group
7. Lombard Metals Corporation
8. KSP Steel
9. Come to Srl
10. MFL Group
11. KBE Metal Decoration Technology Ltd.
12. FARMER NORTON
13. Bongard Machines GmbH & Co. KG
14. A.M.P-Rose
15. TevTech LLC
16. ElectroHeat Sweden AB
17. Midrex Technologies, Inc.
18. Electrotherm (India) Ltd.