The market for slitter rewinder machines is expected to reach US$ 1.2 billion in 2022 and US$ 1.5 billion in 2028, at a CAGR of 3.8% between 2022 and 2028.
In 2021, the market for slitter rewinder machines experienced a meteoric rise, with average earnings increasing by 4.2% annually. Another prediction made by FMI predicts that employment for slitter rewinder machines will increase between the years 2022 and 2028, with a consistent potential of US$334 Mn during the forecasted period.
According to recently released data from slitter rewinder machine market analysis, the overall plans of the general spot winder slitter rewinder machine market are anticipated to enroll a CAGR of 3.5% between 2022 and 2028, keeping the market value of US$ 753 Mn by the end of 2028.
The APEJ district is anticipated to continue to be the primary location for the market for slitter rewinder machines among other places. According to estimates, APEJ will control 42% of the market by the end of 2028.
The market for slitter and rewinder machines will make up about 2% of the US$58 billion global market for bundling hardware in 2021.
Center-surface and Surface Winder Machines to Buckle-up
The center winder type of slitter rewinder machines continues to rule, accounting for more than 50% of the market’s current total sales. Although cheap pricing has been the main factor in this sort of slitter rewinder machine sales development over the years, the analysis predicts that over the next few years, revenue growth in this area will be slow.
Surface winder and center-surface winder types of slitter rewinder machines, however, are anticipated to gain ground quickly due to significantly superior control over the tension created in rewinding material, per the report.