Extrusion Equipment Market worth US$8,764.6 Million by 2032 Exclusive Report by Future Market Insights, Inc.
The global extrusion equipment market is projected to reach a value of US$ 8764.6 Million in 2032, with the market expanding at a CAGR of 5.3% from 2022 to 2032. In 2022, the target market will likely reach an estimated value of US$ 52437 Million. Increasing investment in the manufacturing sector as well as a surge in the demand for extrusion products will propel the growth of the extrusion equipment market during the forecast period.
Extrusion equipment is lightweight and come with added
flexibility. These inherent properties of the extrusion equipment increase the
demand for the same in the global market. Increasing global awareness of energy
conservation will further aid the growth of the extrusion equipment market. In
addition to this, plastic extrusion equipment manufacturers are focusing more
and more on the production of dependable and effective twin-screw plastic
extrusion machines, which, in turn, fosters growth for the extrusion equipment
market.
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With the rising popularity of additive manufacturing
process, the sales of extrusion equipment will also rise. This is because the
additive manufacturing process which is also known as fuse deposition modeling
(FDM), can create complex geometries with details and is often used in the
extrusion process. Consequently, this process will likely become a key growth
driving factor of the extrusion equipment market.
Furthermore, the urban population of developing countries is
showing a preference for processed product types, which contributes to the
growing demand for foodextrusion equipment. Also, the high disposable incomes
and rapidly changing lifestyles, has bolstered the demand for ready-to-eat
products, which are convenient and save effort and time. This factor, too
fosters the expansion of the extrusion equipment market size.
Other factors like the initiatives taken by regional
government that aim at micro, small, and medium-sized enterprises (MSME) as
well as recent technological advancements will further aid the growth of the
extrusion equipment market during the forecast period.
“Rising popularity of additive manufacturing process will
supplement the global growth of the extrusion equipment market over the
forecast period,” says an FMI analyst.
Key Takeaways:
- High
installation and maintenance costs may stymie market growth.
- Rising
awareness regarding energy conservation strengthens market prospects.
- The
extrusion equipment market in Europe will account for 22.9% of the revenue
share.
- North
America’s extrusion equipment market will hold 26.3% of the overall
revenue share.
Competitive Landscape
HPM, Tecnomatic, Unicor, Hegler, Vulcan Extrusion, ITIB
Machinery International, Toshiba Machine Co. Ltd., Windsor Machines Limited,
Krauss-Maffei Group, UNION Officine Meccaniche SpA, Bausano & Figli SpA,
Kabra ExtrusionTechnik Ltd., Leistritz Advanced Technologies Corp., Midas
Pharma, PMC Isochem, Pensatech Pharma GmbH, Baker Perkins, and Bühler among
others are some of the major players in the extrusion equipment market profiled
in the full version of the report.
Key market players are employing both organic and inorganic
strategies to build their market presence and expand their product portfolio.
These businesses are increasing investment in their research and development
activities, partnerships, agreements, and collaborations to gain a competitive
advantage.
More Insights into Extrusion Equipment Market Report
In its latest report, FMI offers an unbiased analysis of the
global extrusion equipmentmarket, providing historical data from 2017 to 2021
and forecast statistics for 2022 to 2032. To understand the global market
potential, growth, and scope, the market is segmented on the basis of product
type (single screw extruders, twin screw extruders, downstream equipment), load
type (variable, hydrostatic), press position (horizontal, vertical), end user
(plastic goods, processed food, pharmaceutical, non-conventional energy,
construction materials), and region.
According to the latest FMI reports, based on region, the
extrusion equipmentmarket in North America will present considerable growth
during 2022-2032. The target market in this region will account for a revenue
share of 26.3%. The advancing manufacturing infrastructure along with the high
per capita income, particularly in the U.S., fuels the growth of the extrusion
equipmentmarket in this region during the forecast period. In addition,
Europe’s extrusion equipmentmarket, too, demonstrates strong growth potential
during this period with about 22.9% revenue share. A well-established snack
food sector propels the target market growth in this region during the forecast
period.
Market Segments Covered In Extrusion Equipment Market
Analysis
By Product Type:
- Single
Screw Extruders
- Twin
Screw Extruders
- Downstream
Equipment
By Load Type:
- Variable
- Hydrostatic
By Press Position:
- Horizontal
- Vertical
By End User:
- Plastic
Goods
- Processed
Food
- Pharmaceutical
- Non-Conventional
Energy
- Construction
Materials
By Region:
- North
America
- Latin
America
- Asia
Pacific
- MEA
- Europe
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