South Korea Tandem Rolling Mill Market was valued at USD 0.60 Billion in 2022 and is projected to reach USD 0.90 Billion by 2030, growing at a CAGR of 5.8% from 2024 to 2030.
The South Korea Tandem Rolling Mill market has experienced substantial growth due to the increasing demand for high-quality steel products across various industries. These mills are integral to the manufacturing of steel, where they use a sequence of rollers to shape and thin metal. As the market evolves, tandem rolling mills have become vital to producing goods in automotive, construction, and consumer goods sectors, where precision and efficiency are paramount.
Key to understanding the South Korea Tandem Rolling Mill market is recognizing the types of mills in use and the specific industrial requirements driving this demand. Tandem mills generally fall into two categories: reversing and non-reversing mills. Reversing mills offer more versatility as they can process both sides of the metal, making them ideal for producing different steel grades and widths. Non-reversing mills, on the other hand, are used for high-volume, continuous production of standardized products.
In South Korea, industries such as automotive manufacturing demand advanced tandem rolling mill technology for producing lightweight, high-strength materials that are essential for the creation of modern vehicles. Similarly, the construction industry’s reliance on structural steel drives the need for mills that can provide precise, uniform thickness in materials used for buildings and infrastructure.
Furthermore, the consumer electronics sector's pursuit of thin yet durable metal components also fuels the need for high-quality rolled steel. As such, tandem rolling mills are expected to continue playing a critical role in the country’s industrial landscape. This demand is further compounded by technological advancements in automation, improving efficiency and precision, and creating new opportunities for the mill market.
South Korea's focus on technological innovation and its robust industrial sectors promise a bright future for the tandem rolling mill market. The need for mills that can produce a range of steel products efficiently and accurately continues to rise, reflecting the overall growth in South Korea's economy and industrial output.
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Bühler Group
Cisdi Group
SMS group
Achenbach Buschhütten GmbH & Co KG
GEILI MACHINERY (FUJIAN) GROUP
MINO SpA
Primetals Technologies
Danieli Group
Gongyi Zhenyuan Machinery
Gongyi Shengong Machinery
GONGYI HENGXU MACHINERY MANUFACTURE
MCC Southern City Construction Engineering Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Tandem Rolling Mill Market
Hot Rolling Mill
Cold Rolling Mill
Automotive
Construction
Shipbuilding
Industrial Equipment
Two-High Rolling Mill
Three-High Rolling Mill
Four-High Rolling Mill
Steel Industry
Aluminum Industry
Non-ferrous Metal Industry
Manual
Automated
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Tandem Rolling Mill Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Tandem Rolling Mill Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Tandem Rolling Mill Market, By Type
6. South Korea Tandem Rolling Mill Market, By Application
7. South Korea Tandem Rolling Mill Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Tandem Rolling Mill Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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