Cut-to-length Line Systems Market: Introduction
According to a new market report on the global cut-to-length line systems market published by Transparency Market Research the cut-to-length (CTL) line systems market is anticipated to record installation of 23 new CTL line systems by 2027. The cut-to-length line systems market is projected to expand at a CAGR of ~2% from 2019 to 2027 in terms of volume. Growth of the cut-to-length line systems market can be attributed to the inauguration of new metal processing facilities as well as capacity expansion of existing facilities across the globe, particularly steel, aluminum, copper, and other ferrous and non-ferrous metals.
The report has considered that the cut-to-length line system is made up of modules such as coil management and decoiling module, straightening device for coil strip/tube, a shearing system, and a packaging module. The report has considered entire cut-to-length line systems as one unit and all such new commissioned units have been covered under the scope of the study. Such complete units/systems are predominantly used by metal coil/ tube manufacturers. Over the forecast period, Asia Pacific is anticipated to emerge as the leading market for cut-to-length line systems, followed by North America.
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Increasing Demand for Better Infrastructure Drives Cut-to-length Line Systems Market
Industries such as automotive, aerospace, construction, and manufacturing are witnessing higher growth due to the rise in demand for better resources and infrastructure across the globe. Although these industries are different from each other in terms of their core function and end products, they have one common factor, i.e. they all use metal (ferrous and non-ferrous) at the highest proportion among all inbound resources. They usually use the metal in the form of foils, sheets, plates, tubes, etc. of the specified dimension as per their use.
In order to cater to such a huge requirement of metal of specific dimension, prominent metal producers (especially steel, aluminum, copper, etc.), install high capacity CTL line systems in their production facilities. They cut the metal rolls in the desired length with the CTL line system, stack them in boxes, and ship them to the end-use industry. Hence, the rapid expansion of end-use industries has escalated the requirement of metal, which eventually results in new CTL line system installations by metal producers.
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Cut-to-length Line Systems Market: Regional Outlook
In terms of region, the global cut-to-length line systems market has been segmented into North America, Eastern Europe, Western Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to dominate the cut-to-length line systems market during the forecast period. Asia Pacific led the global cut-to-length line systems market, accounting for a substantial share in 2019, with China, India, and Japan being the major markets in the region. The cut-to-length line systems market in Middle East & Africa, Europe, and South America is also projected to increase moderately over the forecast period.
Cut-to-length Line Systems Market: Competition Dynamics
The research study includes profiles of leading companies operating in the global cut-to-length line systems market. Key players profiled in the report include Heinrich Georg GmbH, ACL MACHINE CO., LTD., ANDRITZ AG, ARKU GmbH, ATHADER, S.L., Bollina srl, Bradbury Co., Inc., Burghardt+Schmidt GmbH, COE Press Equipment Corp., Delta Steel Technologies, Dimeco Group, F.I.M.I. FABBRICA IMPIANTI MACCHINE INDUSTRIALI SPA, KOHLER Maschinenbau GmbH, Primetals Technologies Ltd., Shijiazhuang Teneng Electrical & Mechanical Equipment Co., Ltd., Sacform, and Fagor Arrasate.
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