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Extrusion Machinery Global market Report 2024 : Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Extrusion Machinery Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LONDON, GREATER LONDON, UNITED KINGDOM, September 27, 2024 /EINPresswire / -- The extrusion machinery market has experienced robust growth in recent years, expanding from $7.6 billion in 2023 to $7.96 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to industrialization and manufacturing growth, rise in construction activities, market demand, competitive landscape, raw material prices.
What Is The Estimated Market Size Of The Global Extrusion Machinery Market And Its Annual Growth Rate?
The extrusion machinery market is projected to continue its strong growth, reaching $9.64 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to sustainability initiatives, rising market demand, global trade dynamics, customization requirements, energy efficiency.
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Growth Driver Of The Extrusion Machinery Market
The growing demand for plastic products is expected to boost the growth of the extrusion machinery market going forward. Plastic products refer to synthetically produced compounds that are made from polymers. Plastic extrusion machines are used to shape plastic into the variety of shapes, sizes, and structures needed to produce a wide range of items. Hence, the growing demand for plastic products will result in demand for extrusion machinery.
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Which Market Players Are Driving the Extrusion Machinery Market Growth ?
Key players in the market include KraussMaffei Technologies GmbH, AMUT S.P.A., Hegler Plastik GmbH, Bausano & Figli S.p.A., Windsor Machines Pvt. Ltd., Milacron LLC, Extrusion Technik USA Inc., Yean Horng Machinery Co. Ltd., Everplast Machinery Co. Ltd., Graham Engineering Corporation, Reifenhauser Inc., Kabra ExtrusionTechnik Ltd., ITIB MACHINERY INTERNATIONAL s.r.l., UNION Officine Meccaniche S.p.A., BC Extrusion Holding GmbH, The Japan Steel Works Ltd., Welding Engineers Inc., Davis-Standard LLC, Coperion GmbH, Leistritz AG, SMS group GmbH, Toshiba Machine Co. Ltd., Gneuss Kunststofftechnik GmbH, Macro Engineering & Technology Inc., Nanjing Haisi Extrusion Equipment Co. Ltd., USEON (Nanjing) Extrusion Machinery Co. Ltd., CPM Extrusion Group, Bandera Luigi Costruzioni Meccaniche S.p.A., BREYER Maschinenfabrik GmbH, Plasmec S.p.A., SML Maschinengesellschaft mbH, Sino-Alloy Machinery Inc., R&B Plastics Machinery LLC, Sarei Machinery & Mould Co. Ltd.
What Are the Emerging Trends Shaping the Extrusion Machinery Market Overview?
Major companies operating in the market are introducing advancements in technology, such as use of 3D printing, to sustain their position in the market. 3D printing is a manufacturing process that creates physical objects layer by layer from digital models by depositing material, typically plastic, metal, or resin, to construct a three-dimensional product.
How Is The Global Extrusion Machinery Market Segmented?
1) By Type: Single-Screw, Twin-Screw
2) By Material: Metals, Polymers, Concrete, Ceramics, Foodstuffs
3) By Process: Cold Extrusion, Hot Extrusion, Friction Extrusion, Other Processes
4) By End-Use: Construction, Consumer Goods, Automotive, Packaging, Other End-Uses
Geographical Insights: North America Leading The Extrusion Machinery Market
North America was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Extrusion Machinery Market Definition
Extrusion machinery refers to equipment that pushes or pulls material through a shaped die to create a continuous length of product with a predetermined cross-section. It is used to produce a large number of commercial products, which include steel or copper wire, plastic tubing, plastic sheets, and many food types.
Extrusion Machinery Global Market Report 2024 from TBRC covers the following information:
.Market size data for the forecast period: Historical and Future
.Macroeconomic factors affecting the market in the short and long run
.Analysis of the macro and micro economic factors that have affected the market in the past five years
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global extrusion machinery market report covering trends, opportunities, strategies, and more
The Extrusion Machinery Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on extrusion machinery market size, extrusion machinery market drivers and trends and extrusion machinery market growth across geographies. This market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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The Business Research Company
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