Turnover Machine Market Size, Share, Opportunities, And Trends By Type (Steel Coil Turnover Machine, Mold Turnover Machine, Plat Turnover Machine), By Angle (90 Degree, 180 Degree), By Application (Metallurgy, Stamping, Coils & Barrels, Others), And By Geography - Forecasts From 2023 To 2028

Turnover Machine Market is expected to grow at a 5.10% CAGR during the forecast period.

Turnover machines are automated devices that are used in a variety of industries to help with the process of flipping or inverting products. These machines are made up of a rotating platform or turntable that is usually powered by an electric motor. This allows the products to be rotated or turned to a desired position. Turnover machines are widely used in manufacturing, packaging, and bakery operations. They can help improve production lines, increase efficiency, and decrease manual labor. Favorable investments in bakery manufacturing and automated steel production plants are driving the growth of the turnover machine industry.

Market Driver

• Investment in cable manufacturing plants drives the turnover machine market growth.

Turnover machines are specifically designed for operating cable reels or drums of varying sizes and weights. This makes it easy to transport cables inside the manufacturing facility as well as during transportation to various places. Several key leaders are investing in cable manufacturing plants which is anticipated to increase the demand for turnover machines in the facility. For instance, in May 2023, NKT announced plans to build a new factory in Karlskrona, Sweden, including a third extrusion tower. NKT invested EUR 1 billion in high-voltage capabilities and capacity at the Swedish factory. Additionally, in August 2022, Corning announced to building of a new optical cables production facility to expand its overall production.

• Favorable investments in bakery product manufacturing units bolster the turnover machine market growth.

Turnover machines play an important role in increasing the production of pastries and bakery products by improving the overall automation in the bakery production process, increasing efficiency, and lowering manual labor costs. This automation simplifies output and caters to the growing consumer demand. Numerous investments are taking place in the bakery sector to enhance the production output which is projected to increase the adoption of turnover machines. For instance, in March 2023, Mondelez International announced to invest €30 million in Herentals bakery factory. The €30 million investment allows for the deployment of new technologies and the expansion of the Herentals bakery plant's production capacity.

• The establishment of an automated steel production plant contributed to the turnover machine market expansion.

Turnover machines are widely used in the metallurgy industry for handling various steel products such as coils, sheets, and molds to improve efficiency, precision, and productivity. Growing emphasis on adopting automation and advanced manufacturing processes coupled with the establishment of new steel production plants is driving up demand for turnover machines. For instance, in July 2023, Tata Steel, India's largest steel producer opened the country's first fully automated construction service center in Odisha. This center is equipped with cutting-edge automatic manufacturing facilities and consists of a capacity of 3000 TPM to manufacture personalized cut and bend rebars, coupler threading, and welded wire mesh.

Asia Pacific is expected to witness significant growth in  the market.

Asia Pacific is projected to account for a considerable portion of the turnover machine market due to favorable investments in manufacturing units. For instance, as per the July 2023 PIB release, the government of India under the Production-Linked Incentive Scheme for Specialty Steel allocated $6,322 million in investment to support specialty steel manufacturing. The annual growth rate of the manufacturing sector increased by 11.8% in the year 2021-2022. Additionally, in December 2022, a Memorandum of Cooperation (MoC) in the field of the steel industry was signed by the Governments of India and Japan to expand the steel manufacturing industry.

Market Restraints

• High costs will restrain the growth of the turnover machine market.

The overall installation and maintenance of turnover machines can be high. Smaller food businesses and manufacturing units may be hindered from implementing these automated solutions due to the initial investment in machinery and equipment. This could limit the use of turnover machines, particularly in bakery product manufacturing thereby restraining the overall growth of the turnover machine industry.

Company Products

Turnover Machine Market Segmentation

By Type

• Steel Coil Turnover Machine
• Mold Turnover Machine
• Plat Turnover Machine

By Angle

• 90 Degree
• 180 Degree

By Application

• Metallurgy
• Stamping
• Coils & Barrels
• Others

By Geography

• North America
  • United States
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Spain
  • Others
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Others
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Thailand
  • Others