Market Overview:
The global forged steel backup rolls market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for rolled products from various end-use industries, such as automotive, construction, and energy. In terms of volume, the >50 ton weight segment is projected to grow at a higher CAGR than the ¢â€°¤50 ton weight segment during the forecast period. This can be attributed to the growing demand for high-strength and heavy-duty forgings in various end-use industries. Asia Pacific is expected to dominate the global forged steel backup rolls market during the forecast period owing to rapid industrialization and economic development in countries such as China and India.
Product Definition:
Forged steel backup rolls are used in the papermaking process to support the forming wire and provide a backup surface for the paper sheet as it is formed.
¢â€°¤50 Ton Weight:
It is a measurement of force that can be applied by a ton weight to the cross-sectional area of a backup roll in forged steel. It is an important parameter as the higher the value, more likely it will result in increased productivity and reduced cycle time.
The forging process involves heating of metal sheets or coils which are then rolled into shape with the help of special machinery.
>50 Ton Weight:
The >50 ton weight for backup rolls market is expected to witness significant growth over the forecast period. The primary factor responsible for this growth is the growing demand from end-use industries such as construction, automotive and marine.
The global steel production has been witnessing a steady rise since 2005 with an average annual increase of 2% or 1% depending on the region.
Application Insights:
The application segment includes cold rolling mills, hot rolling mills and others. Cold rolling mills are widely used to produce various steel products including bars, rods, beams and sheets. The product is mainly used in the form of bars and rods for construction purposes owing to its high strength-to-weight ratio. The growth of the construction industry across the globe is expected to augment market demand over the forecast period.
Hot rolled forged steel plates find applications in building & construction activities as they offer good wear resistance along with low maintenance cost when compared with other materials such as concrete or asphalt which are traditionally used for roadways.
Regional Analysis:
Asia Pacific forged steel backup rolls market is anticipated to witness significant growth over the forecast period. The region’s growth can be attributed to increasing demand from end-users such as rolling mills and cold shops. In addition, rising investments in infrastructure development are expected to fuel the product demand in Asia Pacific region.
The Middle East & Africa accounted for a share of 6% of global revenue in 2017 owing to high investment spending by foreign companies coupled with government support for infrastructure development and construction activities, which is likely to drive the market over the forecast period.
Growth Factors:
- Increasing demand for forged steel backup rolls from end-use industries such as automotive, aerospace, and general engineering due to their properties such as high strength-to-weight ratio and corrosion resistance.
- Rising investments in the manufacturing sector across the globe, which is expected to lead to an increase in demand for forged steel backup rolls over the forecast period.
- Growing awareness about the benefits of using forged steel backup rolls among end users is projected to fuel market growth over the next few years.
- Technological advancements in forging processes that are resulting in better quality products are likely to propel market growth during the forecast period. 5) The increasing use of Forged Steel Backup Rolls by small and medium enterprises is anticipated to create new opportunities for this market during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Forged Steel Backup Rolls Market Research Report
By Type
≤50 Ton Weight, >50 Ton Weight
By Application
Cold Rolling Mills, Hot Rolling Mills
By Companies
TECHNOCRAFT, Rolling Mill Rolls, P S Rolls, Doosan Heavy Industries & Construction, Sidenor, Schaeffler, UZTM-KARTEX, Union Electric Ã…kers, NKMZ, Lehigh Heavy Forge, WHEMCO, NIPPON STEEL CORPORATION, Hitachi Metals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Forged Steel Backup Rolls Market Report Segments:
The global Forged Steel Backup Rolls market is segmented on the basis of:
Types
≤50 Ton Weight, >50 Ton Weight
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cold Rolling Mills, Hot Rolling Mills
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TECHNOCRAFT
- Rolling Mill Rolls
- P S Rolls
- Doosan Heavy Industries & Construction
- Sidenor
- Schaeffler
- UZTM-KARTEX
- Union Electric Ã…kers
- NKMZ
- Lehigh Heavy Forge
- WHEMCO
- NIPPON STEEL CORPORATION
- Hitachi Metals
Highlights of The Forged Steel Backup Rolls Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- ≤50 Ton Weight
- >50 Ton Weight
- By Application:
- Cold Rolling Mills
- Hot Rolling Mills
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Forged Steel Backup Rolls Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Forged steel backup rolls are a type of backup roll made from forged steel. They are used to protect machinery and other equipment from damage in the event of a power outage or other emergency.
Some of the key players operating in the forged steel backup rolls market are TECHNOCRAFT, Rolling Mill Rolls, P S Rolls, Doosan Heavy Industries & Construction, Sidenor, Schaeffler, UZTM-KARTEX, Union Electric ƒâ€¦kers, NKMZ, Lehigh Heavy Forge, WHEMCO, NIPPON STEEL CORPORATION, Hitachi Metals.
The forged steel backup rolls market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Forged Steel Backup Rolls Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Forged Steel Backup Rolls Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Forged Steel Backup Rolls Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Forged Steel Backup Rolls Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Forged Steel Backup Rolls Market Size & Forecast, 2018-2028
4.5.1 Forged Steel Backup Rolls Market Size and Y-o-Y Growth
4.5.2 Forged Steel Backup Rolls Market Absolute $ Opportunity
Chapter 5 Global Forged Steel Backup Rolls Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Forged Steel Backup Rolls Market Size Forecast by Type
5.2.1 ≤50 Ton Weight
5.2.2 >50 Ton Weight
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Forged Steel Backup Rolls Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Forged Steel Backup Rolls Market Size Forecast by Applications
6.2.1 Cold Rolling Mills
6.2.2 Hot Rolling Mills
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Forged Steel Backup Rolls Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Forged Steel Backup Rolls Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Forged Steel Backup Rolls Analysis and Forecast
9.1 Introduction
9.2 North America Forged Steel Backup Rolls Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Forged Steel Backup Rolls Market Size Forecast by Type
9.6.1 ≤50 Ton Weight
9.6.2 >50 Ton Weight
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Forged Steel Backup Rolls Market Size Forecast by Applications
9.10.1 Cold Rolling Mills
9.10.2 Hot Rolling Mills
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Forged Steel Backup Rolls Analysis and Forecast
10.1 Introduction
10.2 Europe Forged Steel Backup Rolls Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Forged Steel Backup Rolls Market Size Forecast by Type
10.6.1 ≤50 Ton Weight
10.6.2 >50 Ton Weight
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Forged Steel Backup Rolls Market Size Forecast by Applications
10.10.1 Cold Rolling Mills
10.10.2 Hot Rolling Mills
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Forged Steel Backup Rolls Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Forged Steel Backup Rolls Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Forged Steel Backup Rolls Market Size Forecast by Type
11.6.1 ≤50 Ton Weight
11.6.2 >50 Ton Weight
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Forged Steel Backup Rolls Market Size Forecast by Applications
11.10.1 Cold Rolling Mills
11.10.2 Hot Rolling Mills
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Forged Steel Backup Rolls Analysis and Forecast
12.1 Introduction
12.2 Latin America Forged Steel Backup Rolls Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Forged Steel Backup Rolls Market Size Forecast by Type
12.6.1 ≤50 Ton Weight
12.6.2 >50 Ton Weight
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Forged Steel Backup Rolls Market Size Forecast by Applications
12.10.1 Cold Rolling Mills
12.10.2 Hot Rolling Mills
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Forged Steel Backup Rolls Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Forged Steel Backup Rolls Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Forged Steel Backup Rolls Market Size Forecast by Type
13.6.1 ≤50 Ton Weight
13.6.2 >50 Ton Weight
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Forged Steel Backup Rolls Market Size Forecast by Applications
13.10.1 Cold Rolling Mills
13.10.2 Hot Rolling Mills
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Forged Steel Backup Rolls Market: Competitive Dashboard
14.2 Global Forged Steel Backup Rolls Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TECHNOCRAFT
14.3.2 Rolling Mill Rolls
14.3.3 P S Rolls
14.3.4 Doosan Heavy Industries & Construction
14.3.5 Sidenor
14.3.6 Schaeffler
14.3.7 UZTM-KARTEX
14.3.8 Union Electric Ã…kers
14.3.9 NKMZ
14.3.10 Lehigh Heavy Forge
14.3.11 WHEMCO
14.3.12 NIPPON STEEL CORPORATION
14.3.13 Hitachi Metals
