Roll Slitting Machines Market Expected to Reach $2.8 Billion by 2027
PORTLAND, OR, UNITES STATES, March 16, 2023 /EINPresswire.com/ — Roll Slitting Machines Market Companies Include:
The major players operating in the roll slitting machines industry include Atlas Converting Equipment Ltd., ASHE Controls Ltd., Comexi Group Industries S.A.U., GHEZZI E ANNONI S.r.l., Coeclerici SpA, Kampf Schneid- und Wickeltechnik GmbH & Co. KG, LIDEM Mechanical Constructions, S.L., Parkland Machines Ltd., RIBAMATIC, and SOMA spol. s.r.o.
According To AMR, the global roll slitting machines market size is expected to reach $2.8 billion in 2027 from $2.2 billion in 2019, growing at a CAGR of 3.6% from 2020 to 2027.
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Key Segments of This Report:
The roll slitting machines market is segmented on the basis of type, material, operation, and region.
According to type, the global roll slitting machines market is categorized into roll/log slitters and slitter rewinders.
By material, the market is classified into paper, polymers, textile, foil, and other.
Based on operation, the market is fragmented into manual and automatic.
The global roll slitting machines market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to hold the largest market share throughout the study period, and LAMEA is expected to grow at the fastest rate.
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Roll slitting operation includes shear cutting of large rolls of raw materials also known as master roll or parent roll, into rolls with small and narrow shape. Roll slitting is also termed as slitting in the converting industry and plays an integral part in the flexible packaging processes. Further, roll slitting machines are distinguished into two main types, namely, roll/log slitters and slitter rewinders. Roll/log slitters, also known as baloney slitters, provide slicing of the master roll into rolls with small widths without unwinding and rewinding the master roll, whereas, the slitter rewinder machine performs unwinding, slitting, and rewinding processes to obtain smaller and more manageable rolls.
According to the type, slitter rewinders have maximum contribution in the roll slitting machines market mainly due to their versatility and high efficiency. In addition, slitter rewinders can operate on exceptionally large parent rolls which reduces the operation time of the process. In addition, automation in roll slitting machines under the ‘Industry 4.0’ trend, is also anticipated to propel the growth of roll slitting machines market in the near future.
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The COVID-19 pandemic has negatively affected the roll slitting machines market mainly due to the halt in international trade, prolonged lockdowns, and ceased manufacturing processes. In addition, the major end-user companies located in countries such as the U.S., China, Germany, the UK, and others are also facing financial impacts due to halted production, which is likely to hinder the growth of the roll slitting machines market during 2020.
Allied Analytics LLP
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