Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Roll Groovers Market size was valued at USD 142.06 billion in 2024 and is set to cross USD 1.13 trillion by the end of 2037, expanding at more than 17.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of roll groovers is estimated at USD 161.72 billion.
A rising number of sectors are placing more emphasis on sustainable practices due to growing environmental concerns. Components can be joined using roll grooving instead of welding or other potentially dangerous or resource-intensive joining methods. The eco-friendly characteristics of roll grooving align with the increased focus on sustainability, driving its adoption and positively impacting market revenue growth.
Furthermore, the oil & gas industry plays a significant role in driving the demand for roll groovers. As oil and gas exploration and production activities expand, there is a need for efficient and reliable pipe-joining solutions. Roll groovers offer a cost-effective and time-saving method for connecting pipes in oil and gas pipelines, contributing to the growth of the roll groovers market.
