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Seoul, South Korea, Aug. 03, 2022 (GLOBE NEWSWIRE) -- As per in-depth market analysis by Fact.MR, a market research and competitive intelligence provider, the global heat staking machine market is valued at US$ 382 million and is expected to expand at an impressive CAGR of 9.7% during the forecast years of 2022-2032.
The heat staking process is a heat joining technique for two or more pieces, at least one of which must be composed of plastic. This process is widely used in the packaging of consumer products, for the production of high-volume disposables, unit dose packaging, bottle caps, drug delivery applications, and many more. The process is mostly performed with a wide range of materials, including polypropylene, ABS, and polycarbonate.
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The process of heat staking helps reduce cost and increase the speed in the packaging process. The operation of heat staking technology relies on the careful control and application of pressure and temperature to cause the reforming of the plastic it comes into contact with, which results in virtually little mechanical stress.
The most delicate and challenging thermoplastics that are utilised in end industries such as medical, automotive, telecom, and consumer goods can work precisely within the tiny process temperature windows. Heat staking is also commonly used for the processing of many medical device applications for attaching adhesive patches to portable meters and medical dispensers.
Owing to aforementioned factors, the heat staking machine market is set to grow 2.5X over the next ten years.
Why is Usage of Heat Staking Machines Rapidly Increasing?
“Mounting Automotive Industry to Fuel De mand for Heat Staking Machines”
The heat staking procedure is widely employed in a variety of products. Common applications include attaching busbars, insulators, joining printed circuit boards permanently, and many more. In the automobile sector, heat staking is frequently employed in the manufacturing of electric motors for the front and rear lights, locking systems, control units of sensors for driver assistance systems, and interior trim for vehicles.
As EV infrastructure continues to grow rapidly, there is ample opportunity for the market for heat staking machines to expand along with the automotive component manufacturing industry.
The automotive end-use industry is expected to expand at 8.3% CAGR during the forecasted period.
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Key Segments Covered in Heat Staking Machine Industry Survey
- By Type :
- Benchtop Heat Staking Machines
- Standalone Heat Staking Machines
- By Technology :
- By Force Range :
- Up to 100 Kg
- 100-300 Kg
- 300-500 Kg
- Above 500 Kg
- By Stroke Length :
- Below 5'
- 5' - 10'
- Above 10'
- By End-use Industry :
- Aerospace & Defence
- Electronics & Electrical
- Healthcare & Medical Devices
- Food & Beverages
- Consumer Products
Market development and growth strategies involve product launches, new product categories, research & development, geographical expansions, partnerships, collaborations, etc. Manufacturers are focusing on advanced techniques to meet specific application need and requirements.
Market players are taking efforts to increase their customer base by focusing on diverse end-users as well as regions. Moreover, market participants are focusing on expanding their product offerings by making R&D investments to offer advanced and robust heat staking machines. Companies are entering into long-term collaborations with end-use industries to cater the dynamic demand in the market and capture a significant market share.
Prominent heat staking machine manufacturers are AMADA WELD TECH GmbH, Ambrell, bdtronic, Crystal Electrodynamix Pvt Ltd, Dukane Corp, Emerson Electric Co, Ferriot Inc, Plastic Assembly Systems, Sonitek Corporation, Telsonic Ultrasonics, Thermal Press International, Inc, Toman Thermosonics, Trinetics Group, Inc, Tutco Heating Solutions Group, and Vimal Industrial System.
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Key players in the Heat Staking Machine Market
- AMADA WELD TECH GmbH
- Crystal Electrodynamix Pvt. Ltd.
- Dukane Corp
- Emerson Electric Co
- Ferriot Inc
- Plastic Assembly Systems
- Sonitek Corporation
- Telsonic Ultrasonics
Key Takeaways from Heat Staking Machine Market Study
- The global heat staking machine market is projected to expand at an impressive CAGR of 9.7% and reach US$ 968.3 million by 2032.
- The market exhibited 4.3% CAGR between 2017 and 2021.
- Benchtop heat staking machines dominate the market with a valuation of US$ 280.4 million in 2022.
- Heat staking machines by force range of 100 - 300 kg dominated with 33.6% market share in 2021.
- The packaging end-use industry is likely to represent 24.2% market share in 2022.
- Based on region, demand for heat staking machines is expected to increase at a CAGR of 8.9% in North America.
Fact.MR's Domain Knowledge in Industrial Goods Division
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned industrial goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over a thousand reports and 1 Billion-plus data points, the team has analysed the industrial goods division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
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