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According to a new report published by Allied Market Research, titled, “Roll Slitting Machines Market by Type, Material, and Operation: Opportunity Analysis and Industry Forecast, 2020–2027,” 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. In 2019, Asia-Pacific dominated the market, in terms of revenue, accounting for 35.0% share of the global roll slitting machines market.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.
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Leading Players:
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.
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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Segmentation:
By Type
Roll/Log Slitters
Slitter Rewinders
By Material
Paper
Polymers
Foil
Other
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.
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Key Findings Of The Study
By type, the slitter rewinders segment dominated the roll slitting machines market share in 2019.
On the basis of material, the polymers segment is expected to generate high revenue, globally.
By operation, the automatic segment dominated the roll slitting machines market during 2019.
Region wise, Asia-Pacific dominated the market in 2019.
LAMEA is expected to witness a high growth rate during the forecast period.
Read More - https://www.globenewswire.com/news-release/2021/02/09/2172399/0/en/Global-Roll-Slitting-Machines-Market-Is-Expected-to-Reach-2-80-Billion-by-2027-Says-AMR.html
Contact Info:
Name: David Correa
Email: Send Email
Organization: Allied Market Research
Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States
Phone: 18007925285
Website: https://www.alliedmarketresearch.com
Release ID: 89033483
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