Looking forward, global demand for ring rolling products is projected to rise at 4.9% CAGR. The worldwide ring rolling products market size is likely to expand from USS 4,146.7 million in 2023 to USS 6,716.2 million by the end of 2033.

*Some data is sourced from the English translation of futuremarketinsights.

Global ring rolling product market sales totaled US$ 3,436.5 million in 2018.  Looking forward, global demand for ring rolling products is projected to rise at 4.9% CAGR.  The worldwide ring rolling products market size is likely to expand from USS 4,146.7 million in 2023 to USS 6,716.2 million by the end of 2033.

Ring rolling product demand is expected to remain high in automotive sector.  This is due to growing importance of ring rolling products in this thriving sector.  As per Future Market Insights (FMI), the automotive segment is set to account for around 21.0% market share in 2023.

Key Market Shaping Factors:

• Booming automotive & aerospace sectors to elevate ring rolling product demand

• Growing need for highly-efficient and cost-effective components across several sectors to bolster ring rolling product sales

• Development of technologically advanced ring rolling machines is expected to create lucrative opportunities for ring rolling product manufacturers

• Escalating demand for lightweight material will significant opportunities for ring rolling products

• Rapid expansion of renewable energy infrastructure to uplift ring rolling product demand during the assessment period

In recent years, demand for ring rolling products such as seamless forged rings has increased dramatically and put ring rolling technology into the limelight.  This is due to high adoption of rolled rings or ring rollers across various sectors.

A unique process employed for creating seamless ring-shaped components by means of specialized equipment (ring rolling machine) is known as ring rolling.  It is gaining wider popularity due to its ability to create seamless rings with optimum mechanical properties and efficient machinability.

Shandong Dorco -Your high-quality partner , the company has developed and produced multiple series and specifications of ring rolling machines with the purpose of "based on ring rolling and service forging".  These machines are widely used for hot rolling of various ring blanks in the bearing forging, automotive gear, and flange manufacturing industries.  The CNC series horizontal ring rolling machines have advanced structure, digital program control, high degree of automation, high production efficiency, material saving, energy saving, and other advantages.

If you would like to learn more, please feel free to let us know!

Yvonne.chu

Dorco Marketing Department