Rotational Molding Machines Market Is Estimated To Grow At A CAGR Of 4.10% Within The Forecast Period Of 2023-2030: Cognitive Market Research Themarketpublicist

(MENAFN- Ameliorate Digital Consultancy) We have recently published the 7th Edition of Rotational Molding Machines market report and we would encourage you to preview the free sample pages! We also present you the insights from the report below:

Rotational Molding Machines Market Size, Share & Trends Analysis Report By Product Type (Carousel, Rock & Roll, Shuttle, Up & Over, Clamshell), by Application (Tanks & Container, Drums & Bins, Carts & Carrier, Toys & Kayaks, Others), and by End-Use (Food & Beverage, Agriculture, Automotive & Marine, Chemicals & Petrochemicals, Pharmaceuticals, Homecare, Other Industrial) By Region, And Segment Forecasts, 2023 – 2030

Market Overview

Rotational molding is a manufacturing process that utilizes plastic powder to produce hollow shapes, specifically containers with thick walls. This method is highly favored in the fabrication of industrial tanks and containers due to its simplicity and efficiency when compared to alternative molding techniques. The outcome of this process is the creation of consistent and uniform products, which has contributed to its widespread adoption across various industries. The growth of the rotational molding machines market is driven by the increasing demand for cost-effective machinery that offers optimal productivity, as well as the rising demand from key industries. Furthermore, the market is positively influenced by the growing need for well-finished designs for consumer items and the increasing utilization of rotational molding for the casting and manufacturing of products.

These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the rotational molding machines industry.

• For instance,In June 2019, Trilogy Plastics company announced the inclusion of a new custom rotational molder, which is ISO 9001-certified, in order to enhance and support its business operations. This addition has resulted in a significant increase in plastic production capacity at Trilogy Plastics' processing facilities located in Alliance, Ohio.

How COVID–19 Impacted the Rotational Molding Machines Market?

The COVID-19 pandemic had a notable impact on the rotational molding machines market. Initially, the market experienced disruptions in production and supply chains due to lockdowns, workforce shortages, and restrictions on international trade. The uncertainty in global markets led to a slowdown in capital investments, affecting the demand for rotational molding machines, particularly in industries like automotive, construction, and packaging. However, as the pandemic unfolded, it highlighted the importance of resilient supply chains and the need for reliable and efficient manufacturing processes. Consequently, there was an increased interest in automation and advanced machinery like rotational molding machines, which offer cost-effective and sustainable solutions for manufacturing various plastic products.

Get free sample pages of latest published Rotational Molding Machines Market Report

MARKET DYNAMICS: KEY DRIVERS

Growing Demand for Sustainable Manufacturing Solutions to Provide Viable Market Output

The increasing demand for sustainable manufacturing solutions. As environmental concerns become more prominent, industries worldwide are seeking eco-friendly alternatives to traditional manufacturing methods. Rotational molding stands out as an environmentally responsible process because it utilizes recyclable materials, minimizes material waste, and has a lower carbon footprint compared to other plastic manufacturing techniques.

• Rotational Molding Inc., an American rotational molding firm, recently disclosed its investment in a state-of-the-art Ferry rotational molding machine. This strategic acquisition will not only enhance the company's production capacity but also streamline lead times, benefiting both the company and its clients.

This eco-conscious approach aligns with the growing emphasis on sustainability, making rotational molding machines an attractive choice for various industries, including automotive, packaging, and construction. Additionally, rotational molding allows for the creation of durable and long-lasting products, reducing the need for replacements and minimizing resource consumption over time. As businesses strive to adopt greener practices, the demand for rotational molding machines as a sustainable manufacturing solution continues to rise.

Expanding Applications in Diverse Industries to Propel Market Growth

The expanding range of applications across diverse industries. While rotational molding has traditionally been associated with the production of plastic tanks and containers, it is increasingly being employed in innovative applications across sectors such as aerospace, healthcare, and outdoor recreation. For example, the aerospace industry uses rotational molding to manufacture lightweight and impact-resistant components for aircraft interiors. At the same time, the healthcare sector utilizes the process to produce medical equipment and devices. Furthermore, the outdoor and recreational industry relies on rotational molding to craft products like kayaks, playground equipment, and agricultural containers.

MARKET DYNAMICS: KEY RESTRAINTS

Raw Material Price Volatility and Supply Chain Disruptions to Hinder Market Growth

The rotational molding process relies on a variety of plastic resins and polymers as raw materials, and the prices of these materials can be subject to fluctuations due to factors like shifts in global supply and demand, changes in oil prices, and geopolitical tensions. These fluctuations can lead to unpredictable and sometimes substantial increases in the cost of raw materials, directly impacting the operational costs for manufacturers utilizing rotational molding machines. Additionally, the supply chain for these materials can be susceptible to disruptions caused by natural disasters, trade restrictions, and global events such as the COVID-19 pandemic.

How Segments are Performing in the Global Rotational Molding Machines Market?

Product Type Segment Analysis

According to Cognitive Market Research,the dominant category is the carousel type. Carousel rotational molding machines have historically held a dominant position due to their versatility and efficiency in producing a wide range of rotationally molded products. These machines are designed with multiple arms or molds mounted on a rotating carousel, allowing for simultaneous production of multiple parts in a single cycle. This high-output capability makes them ideal for industries that require large quantities of rotationally molded products, such as the automotive and packaging sectors.

The fastest-growing category in the rotational molding machines market is the shuttle type. Shuttle rotational molding machines are witnessing rapid growth due to their efficiency in producing medium-sized to large products with complex shapes. These machines feature a single-arm or shuttle system that moves the mold in and out of the heating chamber, allowing for precise temperature control and shorter cycle times. The versatility of shuttle machines makes them well-suited for industries like aerospace, healthcare, and outdoor recreation, where customized and intricately designed products are in demand.

Application Segment Analysis

The dominant category is tanks & containers. Rotational molding machines have long been associated with the production of tanks and containers, such as water tanks, storage tanks, and large industrial containers. These products often require precise molding, uniform wall thickness, and durability, which the rotational molding process excels at providing. Industries like agriculture, chemical, and water storage heavily rely on tanks and containers made through rotational molding due to their cost-effectiveness, durability, and resistance to corrosion.

According to Cognitive Market Research, the fastest-growing category is toys & kayaks. Rotational molding machines are increasingly used in the manufacturing of toys and recreational equipment like kayaks. The process allows for the production of large, hollow, and intricate parts with excellent durability, making it ideal for crafting outdoor and recreational products. The rising popularity of outdoor activities, water sports, and eco-friendly recreational equipment has driven the demand for rotationally molded toys and kayaks. Additionally, the customization options and design flexibility offered by rotational molding machines make them well-suited for creating unique and appealing recreational products.

End-Use Segment Analysis

According to Cognitive Market Research, the dominant category is agriculture. Agriculture has been a longstanding and significant end-use sector for rotational molding machines. These machines are extensively used in the production of various agricultural products, such as storage tanks, containers, bins, and equipment. Rotational molding offers several advantages to the agriculture industry, including the ability to manufacture large, durable, and corrosion-resistant products, which are crucial for storing and transporting agricultural materials, chemicals, and equipment.

The fastest-growing category is automotive & marine. The automotive and marine industries have witnessed growing adoption of rotationally molded components and parts, such as fuel tanks, automotive interiors, and boat components. Rotational molding machines offer unique advantages in these sectors, including the ability to create complex, lightweight, and impact-resistant products. Moreover, rotationally molded components often replace traditional materials like metal and fiberglass, leading to reduced weight and improved fuel efficiency in vehicles and boats. As the automotive and marine industries increasingly prioritize sustainability, performance, and cost-efficiency, the demand for rotationally molded solutions is on the rise.

Get free sample pages of latest published Rotational Molding Machines Market Report

Which Region is Dominating the Market in 2023, and Which Region is Expanding at the Fastest CAGR?

According to Cognitive Market Research, North America holds a dominant position in the Rotational Molding Machines Market for several compelling reasons. North America boasts a well-established manufacturing landscape across diverse industries, including automotive, agriculture, and chemical processing, all of which heavily rely on rotationally molded products. The region's robust industrial infrastructure and high demand for durable and cost-effective components contribute significantly to the dominance of the Rotational Molding Machines Market. Within North America, the United States (USA) emerges as the dominant country in the Rotational Molding Machines Market due to various factors. The USA is home to a diverse and dynamic manufacturing landscape, encompassing numerous industries that heavily rely on rotationally molded products, such as automotive, agriculture, and chemicals. This diverse industrial base drives consistent demand for rotational molding machines. Secondly, the USA has a strong tradition of technological innovation and automation, making it a hub for the development and production of advanced rotational molding machinery.

Asia-Pacific emerges as the fastest-growing region in the rotational molding machines market due to several compelling reasons. The region is experiencing rapid industrialization and urbanization, leading to a surge in construction, agriculture, automotive, and chemical industries, all of which are major consumers of rotationally molded products. The need for cost-effective and durable solutions in these expanding sectors drives the demand for rotational molding machines. Asia-Pacific is home to a large population with a rising middle class. This results in increased consumer spending and demand for various products that utilize rotational molding, including water tanks, containers, toys, and agricultural equipment.

COMPETITIVE LANDSCAPE:ROTATIONAL MOLDING MACHINES MARKET

The Competitive Landscape of the rotational molding machines market is marked by fierce competition, technological innovation, and a global outlook as companies strive to offer advanced, customized, and sustainable solutions to meet the diverse needs of industries across the world.

• February 2020: PERSICO SpA, an esteemed Italian multinational company specializing in production systems, has confirmed its acquisition of the plastic welding division of bielomatik Leuze GmbH + Co. KG. This German-based company is known for its expertise in manufacturing plastic welding and lubrication systems and is headquartered in Neuffen, Germany.
• August 2023: Perisco SpA has completed the acquisition of bielomatik plastic Leuze GmbH + Co. KG, a prominent manufacturer of plastic welding systems based in Germany.

Some Prominent Players in the Global Rotational Molding Machines market include :

• The Rotomachinery
• Polytexroto enterprises
• Plasmec Engineering Pvt Ltd
• PolivinilRotomachinery S.p.A.
• PersicoS.p.a.
• SHANDONG ZHONGTIAN Rubber & PLASTIC TECHNOLOGY CO., LTD.
• Ferry Industries, Inc.
• Crossfield Excalibur Ltd
• OREX
• Reinhardt GmbH
• Loopa
• Naruto
• KOIOSLIN INTERNATIONAL CO., LTD.
• Clips Poly Engineering.

Get free sample pages of latest published Rotational Molding Machines Market Report

Market Summary :

• The global rotational molding machines market will expand at a significant rate of 4.10%CAGR between 2023 and 2030.
• The demand for rotational molding machines marketis rising due to the increasing demand for cost-effective machinery that offers optimal productivity, as well as the rising demand from key industries.
• Demand for agriculture remains higher in the rotational molding machines market.
• The carousel category held the highest rotational molding machines market revenue share in 2023.
• North America will continue to lead, whereas the Asia Pacific rotational molding machines market will experience the strongest growth until 2030.

SEGMENTATION: Rotational Molding Machines Market

Product Type Outlook :

• Carousel
• Rock & Roll
• Shuttle
• Up & Over
• Clamshell

Application Outlook :

• Tanks & Container
• Drums & Bins
• Carts & Carrier
• Toys & Kayaks
• Others

End Use Outlook :

• Food & Beverage
• Agriculture
• Automotive & Marine
• Chemicals & Petrochemicals
• Pharmaceuticals
• Homecare
• Other Industrial

Regional Outlook :

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

Frequently asked questions about the global Rotational Molding Machines market.

• What is the market size for the rotational molding machines market in 2023?

Answer- The global market size for the rotational molding machines market in 2023 was 0.9 USD billion.

• What is the growth rate for the rotational molding machines market during the forecast period?

Answer- The global market is expected to grow with a CAGR of 4.10% during the forecast period.

• Which is the leading region of the market for rotational molding machines market?

Answer- North America had the largest global rotational molding machines market revenue share in 2023.

• Which region is expected to witness the fastest growth in the coming years?

Answer- Asia Pacific to witness the fastest growth in the global Rotational Molding Machines market over the coming years.

• Which is the leading country in the language services market in 2023?

Answer- The United States had the largest global rotational molding machines market revenue share in 2023.

• What are the key drivers for the growth of the rotational molding machines market?

Answer- The main drivers of the growth of the rotational molding machines market are due to the increasing demand for cost-effective machinery that offers optimal productivity, as well as the rising demand from key industries.

• Which is the major segment in the rotational molding machines market by product type?

Answer- The carousel segment had the largest share in the global market by product type.

• Which is the major segment in the rotational molding machines market by end-use?

Answer- In 2023, the agriculture segment had a major revenue share in the global market in terms of end-use.

Related report:

• Armored Vehicles Upgrade and Retrofit
• Charcot Marie Tooth Disease
• Advanced Building Material
• Commercial Printing
• Behcet Disease Treatment

Other report:

• ARDS Treatment

Videos from CMR
Contact Us
Cognitive Market Research
20 N State Street, Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email:
Website:

MENAFN30102023004660010643ID1107326897