Global Large Rolled Rings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Large Rolled Rings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Donut- or toroidally-shaped metal components known as rolled rings can be used in a variety of applications. They can be made out of a wide variety of materials, including carbon, stainless steel, alloy steels, super alloys, and many more. Rolled rings are the product of a manufacturing technique known as ring rolling, which involves shaping a circular preform of metal into the required shape, size, and weight until the desired result is attained. Rolling ring are utilized for a wide variety of purposes as a result of their many advantageous properties, which include their high level of strength, cost-effectiveness, resistance to heat, and adaptability. Large Rolled Rings refer to products whose outer diameter is greater than 1 meter.

Market Overview:

The latest research study on the global Large Rolled Rings market finds that the global Large Rolled Rings market reached a value of USD 2770.04 million in 2022. It’s expected that the market will achieve USD 3759.31 million by 2028, exhibiting a CAGR of 5.22% during the forecast period.

The downstream application market promotes the development of the industry

Large Rolled Rings are an important part of large mechanical equipment, and are widely used in key parts such as aviation casings, wind turbine flanges, bearing outer rings and gear rings, and nuclear reactor reinforcement rings. The prosperity of the downstream industry directly determines the demand and market capacity of the Large Rolled Rings industry.

Wind power generation is one of the clean energy power generation methods widely used at present. Wind power generation mainly converts wind energy into electrical energy directly by using wind turbines. It is also one of the power generation methods with the most mature technology, the most large-scale development conditions and the most commercial development prospects in current renewable energy. Modern society pays more and more attention to environmental protection, and clean energy is valued by various countries. Therefore, it is expected that the wind power industry will have room for growth in the future.

The aerospace industry is a strategic industry of each country and an important guarantee for maintaining national sovereignty, territorial integrity and political security. Aerospace equipment includes not only aircraft, launch vehicles, satellites, spacecraft, space stations, deep space probes, etc., but also ballistic missiles and related ground equipment and many other fields. Political tensions in recent years have led governments to spend more money on aerospace. Therefore, it is expected that the aerospace industry will have room for growth in the future.

Therefore, with the development of the downstream industry, the Large Rolled Rings market will also continue to develop.

Region Overview:

In 2022, the share of the Large Rolled Rings market in Asia Pacific stood at 41.41%.

Company Overview:

Thyssenkrupp is one of the major players operating in the Large Rolled Rings market, holding a share of 16.12% in 2023.

Thyssenkrupp is an international group of companies comprising largely independent industrial and technology businesses. Its business activities have been bundled in six segments: Materials Services, Industrial Components, Automotive Technology, Steel Europe, Marine Systems, and Multi Tracks. Thyssenkrupp rothe erde is the world's leading manufacturer of slewing bearings and specializes in the production of rolling bearings and seamless rolled rings. In close cooperation, customer-specific solutions are developed that are unique in terms of design, material properties and performance.

Segmentation Overview:

As for product types, the 1-7 m segment held the largest market share in 2022.

Application Overview:

By application, the Wind Power segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Large Rolled Rings market covered in Chapter 3:

Ferralloy
Taewoong
Iraeta Forgings
Thyssenkrupp
Scot Forge Company
TAESANG
Euskal Forging
Forged Solutions Group
FRISA
IFA
Gürgenler
Wuxi Paike New Materials Technology
Steel Korea
Millerbernd Manufacturing

In Chapter 4 and Chapter 14.2, on the basis of types, the Large Rolled Rings market from 2018 to 2029 is primarily split into:

1-7 m
7+ m

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Large Rolled Rings market from 2018 to 2029 covers:

Wind Power
Aerospace
Agricultural
Machinery
Nuclear
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)