Complete Mill System Market
Complete Mill System Market Study by Pin Mills, Universal Mills, Classifier Mills, Jet Mills, Fluid Energy Mills, Cryogenic Mills, Colloid Mills, Attrition Mills, and Others from 2023 to 2033
Analysis of Complete Mill System Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Complete Mill System Market Outlook (2023 to 2033)
The global complete mill system market is estimated at US$ 29.39 billion in 2023 and is forecasted to climb to a value of US$ 46.09 billion by the end of 2033. As per Fact.MR, worldwide complete mill system sales are expected to increase at 4.6% CAGR over the next ten years.
Milling machines have emerged as an integral part of manufacturing activity in numerous industries, which has created an opportunistic global demand for complete mill systems. Grinding mills are extensively used in industrial applications of sectors such as food and beverages and agriculture.
Increasing world population, the launch of new construction projects, supportive initiatives to promote manufacturing activity, increasing urbanization and industrialization, and advancements in milling technology are key prospects that are anticipated to uplift complete mill equipment shipments over the coming years. Innovations in complete mill systems are expected to be inspired by the growing popularity of automation in the industrial landscape.
Vertical milling machines, cold milling machines, vertical grinding mills, impact mills, and air classifier mills are other milling devices that could witness a hike in demand across the forecast period. Hammer mills are quite popular in the global landscape for certain applications, which also creates lucrative opportunities for hammer mill manufacturers in the future. Frequent new launches of hammer mills are expected to open up new frontiers of business for established as well as incoming complete mill system companies.
- In November 2022, The Bühler Holding AG, a Swiss manufacturer of plant equipment, announced the launch of a new hammer mill platform capable of energy consumption reduction of 10% to 30% per ton. Granulex 5 series provides an operator-friendly design, high throughput range, and improved granulation profiles to optimize the grinding process.
On the flip side, the surging availability of alternative industry equipment and the high costs of certain complete mill systems are expected to be prime restraints for overall market development in the future. However, these constraints could very well be converted into opportunities for complete mill system suppliers if they come up with unique solutions for the aforementioned issues.
An exhaustive analysis of growth-altering factors such as new developments, product standards, local supply, pricing trends, and safety regulations have been compiled and discussed in this latest complete mill system market study by Fact.MR.
Report Attributes | Details |
---|---|
Complete Mill System Market Size (2023) |
US$ 29.39 Billion |
Projected Market Value (2033F) |
US$ 46.09 Billion |
Global Market Growth Rate (2023 to 2033) |
4.6% CAGR |
United States Market Value (2033F) |
US$ 12.07 Billion |
India Market Growth Rate (2023 to 2033) |
5% CAGR |
United Kingdom Market Value (2033F) |
US$ 2.81 Billion |
United Kingdom Market Growth Rate (2023 to 2033) |
3.3% CAGR |
Key Companies Profiled |
|
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How Can New Companies Make a Mark in This Space?
“Sustainability – Gateway to Immense Untapped Potential”
As we all know sustainability and circularity of processes and industries have become the prime focus of everyone around the world. Certain milling processes and milling systems have been often associated with the generation of massive amounts of waste, which is becoming a concerning matter as climate change and global warming become more alarming threats to mankind than ever before.
Incoming complete mill system companies can focus on the development of complete mill equipment that reduces waste and complies with modern sustainability norms. Start-ups can also come up with other unique solutions to use the waste from complete mill systems to avoid it from ending up in landfills and causing pollution.
- Green Trek, an India-based start-up incubated at IIT Mandi, has developed a solution that utilizes green technology to turn waste from steel mills into usable products. The company also had plans to build a plant in Himachal Pradesh, India, which would be 100% pollution-free and emit minimal greenhouse gases.
Additional insights about new developments by start-ups have been listed elaborately in this latest complete mill system research survey by the skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Country-wise Insights
How Will Complete Mill System Sales Fare in Asia Pacific?
“Flourishing Agro Business to Drive Complete Mill System Shipments”
Agriculture is one of the most prominent sectors in the Asian region and this is projected to be a prime factor propelling demand for milling machines and milling equipment in Asian countries going forward. India, China, Indonesia, and Thailand are expected to emerge as some of the lucrative markets in this region over the next ten years.
- China is estimated to rake in US$ 8.71 billion from complete mill system sales by the end of 2033 while witnessing a CAGR of 4.9% throughout the forecast period.
Supportive government initiatives to promote industrialization, increasing foreign investments, growing export of agricultural products, and urbanization are other factors that augment sales of complete mill systems in the majority of Asian countries. The surging popularity of automation will also create new opportunities for complete mill system companies in this region going forward.
- In March 2023, Betagro, a leading food company based in Thailand, announced the launch of the first fully intelligent plant featuring an advanced feel mill in Nakhon Ratchasima, Thailand. The facility featured a production capacity of 600,000 tons to advance the company’s agro business potential citing increasing global demand.
Why is the United States Perceived as a Bankable Marketplace?
“Efforts to Become Self-reliant Creating Moneymaking Opportunities”
The United States has been trying to reduce its reliance on imports of products owing to changing economic climate and trade relations of the country. The presence of key manufacturing facilities of different industry verticals and increasing adoption of advanced industrial equipment in the country are forecasted to promote complete mill system demand in the United States throughout the forecast period and beyond.
Integration of advanced technologies with complete mill systems to improve their efficiency and productivity is predicted to be a popular trend influencing complete mill system shipments in the country over the next ten years.
- At present, shipments of complete mill systems in the United States account for a valuation of US$ 7.85 billion and are extrapolated to progress at 4.4% CAGR through 2033.
Which Factors are Augmenting Market Development in Europe?
“Sustainability and Industry 4.0 – Governing Complete Mill System Sales in European Countries”
Europe has been leading the sustainability charge of the world in the wake of immediate climate change and global warming threats. Hence, sustainability has been a crucial factor shaping all the industrial and consumer trends in European countries in recent times and is expected to play a bigger role in the same over the coming years. Complete mill systems that are compliant with modern sustainability mandates will witness a notable hike in demand in countries such as Germany, the United Kingdom, etc. through 2033.
- Shipments of complete mill systems in Germany are estimated to rise at 5.3% CAGR over the next ten years and amount to a revenue value of US$ 4.56 billion by 2033-end.
Increasing penetration of automation and Industry 4.0 trends in the European industrial landscape is also projected to boost demand for automated complete mill systems across the forecast period. The presence of key food and beverage manufacturing facilities is also expected to create lucrative growth scope for complete mill system providers in the long run.
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Category-wise Insights
Which Industry Will Account for High Complete Mill System Sales?
“Food & Beverage Sector to Spearhead Market Growth”
Based on end use, the complete mill system market is segmented into pharmaceuticals, food & beverages, chemicals, manufacturing, cement & construction, laboratories, and others.
Increasing world population and changing consumer preferences are influentially shaping the food processing industry, which is expected to account for high sales of complete mill systems in the future. Milling equipment plays a crucial role in the food and beverages industry as it has multiple applications ranging from crushing to shredding. Surging demand for processed and packaged food products is also anticipated to benefit market growth across the forecast period.
- The food and beverages industry is projected to push sales of complete mill systems at 5.4% CAGR over the next ten years.
Which Type of Mills are Set to Exhibit High Demand and Why?
“Versatility of Classifier Mills to Promote Their Sales”
Based on type, the complete mill system market is segmented into pin mills, universal mills, classifier mills, jet mills, fluid energy mills, cryogenic mills, bead mills, colloid mills, attrition mills, knife mills, impact mills, hammer mills, and others.
Classifier mills are estimated to account for a substantial share in the global complete mill system marketplace by the end of the forecast period owing to their several benefits over other types of milling machines. High durability, consistent particle size, energy efficiency, and easy maintenance and operation are some of the key features of classifier mills that make them a preferred choice in several industry verticals.
- Classifier mill sales are anticipated to increase at 4.1% CAGR through 2033.
Competitive Landscape
Complete mill system manufacturers are focusing on launching innovative products to increase their sales potential and bolster their stance in the global competitive landscape.
- In August 2022, Midlands Metals, a metal fabricator based in Gweru, Zimbabwe, announced the launch of a new hammer mill. The 10-beater gold hammer mill is capable of processing 2.5 to 3 tons per hour and was aimed at increasing the production capacity for small-scale miners and artisanal miners.
- In April 2020, Satake, a leading agricultural equipment manufacturer based in Japan, announced the launch of its new modular milling system for rice. The REACH complete modular rice mill system was proclaimed to be highly energy and cost-efficient while providing reliable milling quality.
A more comprehensive assessment of new developments by established complete mill system companies has been mentioned in this latest complete mill system industry survey by Fact.MR.
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Key Segments of Complete Mill System Industry Research
-
By Type :
- Pin Mills
- Universal Mills
- Classifier Mills
- Jet Mills
- Fluid Energy Mills
- Cryogenic Mills
- Bead Mills
- Colloid Mills
- Attrition Mills
- Knife Mills
- Impact Mills
- Hammer Mills
- Others
-
By Capacity :
- Up to 50 HP
- 51 to 100 HP
- 101 to 200 HP
- Above 200 HP
-
By End Use :
- Pharmaceuticals
- Food & Beverages
- Chemicals
- Manufacturing
- Cement & Construction
- Laboratories
- Others
-
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
- FAQs -
What is the current complete mill system market size?
The global complete mill system market accounts for a valuation of US$ 29.39 billion in 2023.
How big will the complete mill system market be by 2033?
Sales of complete mill systems are expected to reach US$ 46.09 billion by the end of 2033.
At what pace will worldwide complete mill system demand evolve?
Complete mill system shipments are forecasted to rise at 4.6% CAGR from 2023 to 2033.
Which type of complete mill systems are preferred?
Classifier mills are estimated to lead global market development throughout the forecast period.
What statistics are listed for the market in the United States?
Demand for complete mill systems in the United States is projected to increase at 4.4% CAGR and account for US$ 12.07 billion by 2033-end.