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Automatic Turret Slitter Rewinder Industry Research Report 2026
Market perspective
The global Automatic Turret Slitter Rewinder market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Automatic Turret Slitter Rewinder is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for Automatic Turret Slitter Rewinder is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for Automatic Turret Slitter Rewinder is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of Automatic Turret Slitter Rewinder include , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Automatic Turret Slitter Rewinder market in revenue (US$ million) and, where applicable, sales volume (units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Automatic Turret Slitter Rewinder.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Automatic Turret Slitter Rewinder Market by Company
Catbridge
Universal Converting
Jennerjahn Machine
Karlville Development
Daco Solutions
Wenzhou Daba Machinery
SP Ultraflex Systems
JUSA ADVANCED
ASHE Converting
Deacro Industries
SCM Incorporated
Foshan Meijing Machinery Manufacture
HAGIHARA INDUSTRIES
Wenzhou Andy Machinery
Jiangxi Snowflake Design
Ruian Xincheng Zhongtai Packaging
ASHE Converting Equipment
NICELY MACHINERY
Automatic Turret Slitter Rewinder Segment by Type
Single-Turret Slitter Rewinder
Dual Turret Slitter Rewinder
Automatic Turret Slitter Rewinder Segment by Application
Packaging Industry
Printing Industry
Electronics Industry
Plastic Processing Industry
Industrial
Other
Automatic Turret Slitter Rewinder Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Automatic Turret Slitter Rewinder market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Automatic Turret Slitter Rewinder and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Automatic Turret Slitter Rewinder.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Automatic Turret Slitter Rewinder manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Automatic Turret Slitter Rewinder by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Automatic Turret Slitter Rewinder in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Single-Turret Slitter Rewinder
- Dual Turret Slitter Rewinder
Applications
- Packaging Industry
- Printing Industry
- Electronics Industry
- Plastic Processing Industry
- Industrial
- Other
Companies covered
- Catbridge
- Universal Converting
- Jennerjahn Machine
- Karlville Development
- Daco Solutions
- Wenzhou Daba Machinery
- SP Ultraflex Systems
- JUSA ADVANCED
- ASHE Converting
- Deacro Industries
- SCM Incorporated
- Foshan Meijing Machinery Manufacture
- HAGIHARA INDUSTRIES
- Wenzhou Andy Machinery
- Jiangxi Snowflake Design
- Ruian Xincheng Zhongtai Packaging
- ASHE Converting Equipment
- NICELY MACHINERY
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Automatic Turret Slitter Rewinder by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Single-Turret Slitter Rewinder
- 2.2.3 Dual Turret Slitter Rewinder
- 2.3 Automatic Turret Slitter Rewinder by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Packaging Industry
- 2.3.3 Printing Industry
- 2.3.4 Electronics Industry
- 2.3.5 Plastic Processing Industry
- 2.3.6 Industrial
- 2.3.7 Other
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Automatic Turret Slitter Rewinder Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Automatic Turret Slitter Rewinder Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Automatic Turret Slitter Rewinder Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Automatic Turret Slitter Rewinder Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Automatic Turret Slitter Rewinder Production by Manufacturers (2021-2026)
- 3.2 Global Automatic Turret Slitter Rewinder Production Value by Manufacturers (2021-2026)
- 3.3 Global Automatic Turret Slitter Rewinder Average Price by Manufacturers (2021-2026)
- 3.4 Global Automatic Turret Slitter Rewinder Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Automatic Turret Slitter Rewinder Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Automatic Turret Slitter Rewinder Manufacturers, Product Type & Application
- 3.7 Global Automatic Turret Slitter Rewinder Manufacturers Established Date
- 3.8 Global Automatic Turret Slitter Rewinder Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Catbridge
- 4.1.1 Catbridge Automatic Turret Slitter Rewinder Company Information
- 4.1.2 Catbridge Automatic Turret Slitter Rewinder Business Overview
- 4.1.3 Catbridge Automatic Turret Slitter Rewinder Production, Value and Gross Margin (2021-2026)
- 4.1.4 Catbridge Product Portfolio
- 4.1.5 Catbridge Recent Developments
- 4.2 Universal Converting
- 4.2.1 Universal Converting Automatic Turret Slitter Rewinder Company Information
- 4.2.2 Universal Converting Automatic Turret Slitter Rewinder Business Overview
- 4.2.3 Universal Converting Automatic Turret Slitter Rewinder Production, Value and Gross Margin (2021-2026)
- 4.2.4 Universal Converting Product Portfolio
- 4.2.5 Universal Converting Recent Developments
- 4.3 Jennerjahn Machine
- 4.3.1 Jennerjahn Machine Automatic Turret Slitter Rewinder Company Information
- 4.3.2 Jennerjahn Machine Automatic Turret Slitter Rewinder Business Overview
- 4.3.3 Jennerjahn Machine Automatic Turret Slitter Rewinder Production, Value and Gross Margin (2021-2026)
- 4.3.4 Jennerjahn Machine Product Portfolio
- 4.3.5 Jennerjahn Machine Recent Developments
- 4.4 Karlville Development
- 4.4.1 Karlville Development Automatic Turret Slitter Rewinder Company Information
- 4.4.2 Karlville Development Automatic Turret Slitter Rewinder Business Overview
- 4.4.3 Karlville Development Automatic Turret Slitter Rewinder Production, Value and Gross Margin (2021-2026)
- 4.4.4 Karlville Development Product Portfolio
- 4.4.5 Karlville Development Recent Developments
- 4.5 Daco Solutions
- 4.5.1 Daco Solutions Automatic Turret Slitter Rewinder Company Information
- 4.5.2 Daco Solutions Automatic Turret Slitter Rewinder Business Overview
- 4.5.3 Daco Solutions Automatic Turret Slitter Rewinder Production, Value and Gross Margin (2021-2026)
- 4.5.4 Daco Solutions Product Portfolio
- 4.5.5 Daco Solutions Recent Developments
- 4.6 Wenzhou Daba Machinery
- 4.6.1 Wenzhou Daba Machinery Automatic Turret Slitter Rewinder Company Information
- 4.6.2 Wenzhou Daba Machinery Automatic Turret Slitter Rewinder Business Overview
- 4.6.3 Wenzhou Daba Machinery Automatic Turret Slitter Rewinder Production, Value and Gross Margin (2021-2026)
- 4.6.4 Wenzhou Daba Machinery Product Portfolio
- 4.6.5 Wenzhou Daba Machinery Recent Developments
- 4.7 SP Ultraflex Systems
- 4.7.1 SP Ultraflex Systems Automatic Turret Slitter Rewinder Company Information
- 4.7.2 SP Ultraflex Systems Automatic Turret Slitter Rewinder Business Overview
- 4.7.3 SP Ultraflex Systems Automatic Turret Slitter Rewinder Production, Value and Gross Margin (2021-2026)
- 4.7.4 SP Ultraflex Systems Product Portfolio
- 4.7.5 SP Ultraflex Systems Recent Developments
- 4.8 JUSA ADVANCED
- 4.8.1 JUSA ADVANCED Automatic Turret Slitter Rewinder Company Information
- 4.8.2 JUSA ADVANCED Automatic Turret Slitter Rewinder Business Overview
- 4.8.3 JUSA ADVANCED Automatic Turret Slitter Rewinder Production, Value and Gross Margin (2021-2026)
- 4.8.4 JUSA ADVANCED Product Portfolio
- 4.8.5 JUSA ADVANCED Recent Developments
- 4.9 ASHE Converting
- 4.9.1 ASHE Converting Automatic Turret Slitter Rewinder Company Information
- 4.9.2 ASHE Converting Automatic Turret Slitter Rewinder Business Overview
- 4.9.3 ASHE Converting Automatic Turret Slitter Rewinder Production, Value and Gross Margin (2021-2026)
- 4.9.4 ASHE Converting Product Portfolio
- 4.9.5 ASHE Converting Recent Developments
- 4.10 Deacro Industries
- 4.10.1 Deacro Industries Automatic Turret Slitter Rewinder Company Information
- 4.10.2 Deacro Industries Automatic Turret Slitter Rewinder Business Overview
- 4.10.3 Deacro Industries Automatic Turret Slitter Rewinder Production, Value and Gross Margin (2021-2026)
- 4.10.4 Deacro Industries Product Portfolio
- 4.10.5 Deacro Industries Recent Developments
- 4.11 SCM Incorporated
- 4.11.1 SCM Incorporated Automatic Turret Slitter Rewinder Company Information
- 4.11.2 SCM Incorporated Automatic Turret Slitter Rewinder Business Overview
- 4.11.3 SCM Incorporated Automatic Turret Slitter Rewinder Production, Value and Gross Margin (2021-2026)
- 4.11.4 SCM Incorporated Product Portfolio
- 4.11.5 SCM Incorporated Recent Developments
- 4.12 Foshan Meijing Machinery Manufacture
- 4.12.1 Foshan Meijing Machinery Manufacture Automatic Turret Slitter Rewinder Company Information
- 4.12.2 Foshan Meijing Machinery Manufacture Automatic Turret Slitter Rewinder Business Overview
- 4.12.3 Foshan Meijing Machinery Manufacture Automatic Turret Slitter Rewinder Production, Value and Gross Margin (2021-2026)
- 4.12.4 Foshan Meijing Machinery Manufacture Product Portfolio
- 4.12.5 Foshan Meijing Machinery Manufacture Recent Developments
- 4.13 HAGIHARA INDUSTRIES
- 4.13.1 HAGIHARA INDUSTRIES Automatic Turret Slitter Rewinder Company Information
- 4.13.2 HAGIHARA INDUSTRIES Automatic Turret Slitter Rewinder Business Overview
- 4.13.3 HAGIHARA INDUSTRIES Automatic Turret Slitter Rewinder Production, Value and Gross Margin (2021-2026)
- 4.13.4 HAGIHARA INDUSTRIES Product Portfolio
- 4.13.5 HAGIHARA INDUSTRIES Recent Developments
- 4.14 Wenzhou Andy Machinery
- 4.14.1 Wenzhou Andy Machinery Automatic Turret Slitter Rewinder Company Information
- 4.14.2 Wenzhou Andy Machinery Automatic Turret Slitter Rewinder Business Overview
- 4.14.3 Wenzhou Andy Machinery Automatic Turret Slitter Rewinder Production, Value and Gross Margin (2021-2026)
- 4.14.4 Wenzhou Andy Machinery Product Portfolio
- 4.14.5 Wenzhou Andy Machinery Recent Developments
- 4.15 Jiangxi Snowflake Design
- 4.15.1 Jiangxi Snowflake Design Automatic Turret Slitter Rewinder Company Information
- 4.15.2 Jiangxi Snowflake Design Automatic Turret Slitter Rewinder Business Overview
- 4.15.3 Jiangxi Snowflake Design Automatic Turret Slitter Rewinder Production, Value and Gross Margin (2021-2026)
- 4.15.4 Jiangxi Snowflake Design Product Portfolio
- 4.15.5 Jiangxi Snowflake Design Recent Developments
- 4.16 Ruian Xincheng Zhongtai Packaging
- 4.16.1 Ruian Xincheng Zhongtai Packaging Automatic Turret Slitter Rewinder Company Information
- 4.16.2 Ruian Xincheng Zhongtai Packaging Automatic Turret Slitter Rewinder Business Overview
- 4.16.3 Ruian Xincheng Zhongtai Packaging Automatic Turret Slitter Rewinder Production, Value and Gross Margin (2021-2026)
- 4.16.4 Ruian Xincheng Zhongtai Packaging Product Portfolio
- 4.16.5 Ruian Xincheng Zhongtai Packaging Recent Developments
- 4.17 ASHE Converting Equipment
- 4.17.1 ASHE Converting Equipment Automatic Turret Slitter Rewinder Company Information
- 4.17.2 ASHE Converting Equipment Automatic Turret Slitter Rewinder Business Overview
- 4.17.3 ASHE Converting Equipment Automatic Turret Slitter Rewinder Production, Value and Gross Margin (2021-2026)
- 4.17.4 ASHE Converting Equipment Product Portfolio
- 4.17.5 ASHE Converting Equipment Recent Developments
- 4.18 NICELY MACHINERY
- 4.18.1 NICELY MACHINERY Automatic Turret Slitter Rewinder Company Information
- 4.18.2 NICELY MACHINERY Automatic Turret Slitter Rewinder Business Overview
- 4.18.3 NICELY MACHINERY Automatic Turret Slitter Rewinder Production, Value and Gross Margin (2021-2026)
- 4.18.4 NICELY MACHINERY Product Portfolio
- 4.18.5 NICELY MACHINERY Recent Developments
5 Global Automatic Turret Slitter Rewinder Production by Region
- 5.1 Global Automatic Turret Slitter Rewinder Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Automatic Turret Slitter Rewinder Production by Region: 2021-2032
- 5.2.1 Global Automatic Turret Slitter Rewinder Production by Region: 2021-2026
- 5.2.2 Global Automatic Turret Slitter Rewinder Production Forecast by Region (2027-2032)
- 5.3 Global Automatic Turret Slitter Rewinder Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Automatic Turret Slitter Rewinder Production Value by Region: 2021-2032
- 5.4.1 Global Automatic Turret Slitter Rewinder Production Value by Region: 2021-2026
- 5.4.2 Global Automatic Turret Slitter Rewinder Production Value Forecast by Region (2027-2032)
- 5.5 Global Automatic Turret Slitter Rewinder Market Price Analysis by Region (2021-2026)
- 5.6 Global Automatic Turret Slitter Rewinder Production and Value, YOY Growth
- 5.6.1 North America Automatic Turret Slitter Rewinder Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Automatic Turret Slitter Rewinder Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Automatic Turret Slitter Rewinder Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Automatic Turret Slitter Rewinder Production Value Estimates and Forecasts (2021-2032)
6 Global Automatic Turret Slitter Rewinder Consumption by Region
- 6.1 Global Automatic Turret Slitter Rewinder Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Automatic Turret Slitter Rewinder Consumption by Region (2021-2032)
- 6.2.1 Global Automatic Turret Slitter Rewinder Consumption by Region: 2021-2026
- 6.2.2 Global Automatic Turret Slitter Rewinder Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Automatic Turret Slitter Rewinder Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Automatic Turret Slitter Rewinder Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Automatic Turret Slitter Rewinder Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Automatic Turret Slitter Rewinder Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Automatic Turret Slitter Rewinder Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Automatic Turret Slitter Rewinder Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Automatic Turret Slitter Rewinder Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Automatic Turret Slitter Rewinder Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Automatic Turret Slitter Rewinder Production by Type (2021-2032)
- 7.1.1 Global Automatic Turret Slitter Rewinder Production by Type (2021-2032) & (units)
- 7.1.2 Global Automatic Turret Slitter Rewinder Production Market Share by Type (2021-2032)
- 7.2 Global Automatic Turret Slitter Rewinder Production Value by Type (2021-2032)
- 7.2.1 Global Automatic Turret Slitter Rewinder Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Automatic Turret Slitter Rewinder Production Value Market Share by Type (2021-2032)
- 7.3 Global Automatic Turret Slitter Rewinder Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Automatic Turret Slitter Rewinder Production by Application (2021-2032)
- 8.1.1 Global Automatic Turret Slitter Rewinder Production by Application (2021-2032) & (units)
- 8.1.2 Global Automatic Turret Slitter Rewinder Production Market Share by Application (2021-2032)
- 8.2 Global Automatic Turret Slitter Rewinder Production Value by Application (2021-2032)
- 8.2.1 Global Automatic Turret Slitter Rewinder Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Automatic Turret Slitter Rewinder Production Value Market Share by Application (2021-2032)
- 8.3 Global Automatic Turret Slitter Rewinder Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Automatic Turret Slitter Rewinder Value Chain Analysis
- 9.1.1 Automatic Turret Slitter Rewinder Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Automatic Turret Slitter Rewinder Production Mode & Process
- 9.2 Automatic Turret Slitter Rewinder Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Automatic Turret Slitter Rewinder Distributors
- 9.2.3 Automatic Turret Slitter Rewinder Customers
10 Global Automatic Turret Slitter Rewinder Analyzing Market Dynamics
- 10.1 Automatic Turret Slitter Rewinder Industry Trends
- 10.2 Automatic Turret Slitter Rewinder Industry Drivers
- 10.3 Automatic Turret Slitter Rewinder Industry Opportunities and Challenges
- 10.4 Automatic Turret Slitter Rewinder Industry Restraints
11 Report Conclusion
12 Disclaimer
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