Global Extrusion Machinery Market – By Type (Direct Extrusion, Indirect Extrusion, Cold Extrusion, and Hot Extrusion), End-Use Industry (Plastics Industry, Food and Beverage Industry, Pharmaceutical Industry, Automotive Industry, and Aerospace Industry), Product Type (Single-Screw Extruders and Twin-Screw Extruders), Material Type (Plastic Extrusion Machinery, Metal Extrusion Machinery, Rubber Extrusion Machinery, and Food Extrusion Machinery), Application (Sheet Extrusion, Film Extrusion, Tubing Extrusion, Compounding Extrusion, Blow Molding Extrusion, and Injection Molding Extrusion) - Industry Trends and Forecast to 2031.
Extrusion Machinery Market Analysis and Size
The market for extrusion machinery is expected to experience significant growth in the coming years due to several factors, including rising demand in sectors such as packaging, automotive, and construction. In addition, the adoption of recycling technologies and cost-efficient manufacturing processes are supporting its growth.
The extrusion machinery market is the high initial investment required for purchasing and setting up advanced extrusion machinery, which can pose a barrier for small and medium-sized enterprises looking to enter the market. However, the increasing demand for plastic products in various industries, such as packaging, construction, and automotive, driving the need for efficient and high-capacity extrusion equipment offers favorable growth opportunities.
Data Bridge Market Research analyses that the global extrusion machinery market was valued at USD 9.10 Billion in 2023 is expected to reach the value of USD 12.65 Billion by 2031, at a CAGR of 4.2% during the forecast period of 2024 to 2031.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Direct Extrusion, Indirect Extrusion, Cold Extrusion, and Hot Extrusion), End-Use Industry (Plastics Industry, Food and Beverage Industry, Pharmaceutical Industry, Automotive Industry, and Aerospace Industry), Product Type (Single-Screw Extruders and Twin-Screw Extruders), Material Type (Plastic Extrusion Machinery, Metal Extrusion Machinery, Rubber Extrusion Machinery, and Food Extrusion Machinery), Application (Sheet Extrusion, Film Extrusion, Tubing Extrusion, Compounding Extrusion, Blow Molding Extrusion, and Injection Molding Extrusion)
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Countries Covered
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U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, and Rest of Middle East and Africa
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Market Players Covered
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Davis-Standard (U.S.), Coperion GmbH (Germany), Battenfeld-Cincinnati (Austria), KraussMaffei Group (Germany), Milacron Holdings Corp (U.S.), Leistritz AG (Germany), Toshiba Machine Co. Ltd (Japan), NFM Welding Engineers (U.S.), Kabra Extrusiontechnik Ltd (India), Reifenhauser GmbH & Co. KG Maschinenfabrik (Germany), Nordson Corporation (U.S.), Gneuss Kunststofftechnik GmbH (Germany), Macro Engineering & Technology Inc. (Canada), Windsor Machines Limited (India), and Tecnomatic S.p.A. (Italy).
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Market Opportunities
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Market Definition
The global extrusion machinery market refers to the market for machinery used in the extrusion process, which involves shaping materials such as plastics, metals, rubber, or food products by forcing them through a die. Extrusion machinery includes equipment such as extruders, dies, cooling systems, and other auxiliary equipment used in various industries for manufacturing products with consistent shapes and sizes.
Extrusion Machinery Market Dynamics
Driver
- Escalating Demand for Plastic Goods
The increasing global demand for plastic products in diverse sectors such as automotive, construction, and packaging serves as a key propeller for the extrusion machinery market. Extrusion processes enhance operational efficiency, reduce downtime through predictive maintenance, and improve product quality. With the burgeoning world population and ongoing urbanization, the necessity for plastic products is anticipated to soar, consequently driving the demand for advanced extrusion machinery. Demand for Convenient and discreet Cigarettes
- Technological Progression:
The integration of automation, IoT, AI, and machine learning in extrusion machinery is revolutionizing the industry. Manufacturers are channeling efforts into research and development endeavors to introduce machinery endowed with enhanced capabilities such as heightened throughput rates, superior material handling, and decreased energy consumption. These technological strides not only cater to evolving end-user demands but also offer cost-effective solutions, thereby propelling the uptake of extrusion machinery.
Opportunity
- Rising Emphasis on Sustainable Manufacturing
The escalating focus on sustainable manufacturing practices across industries to mitigate environmental impact and comply with regulatory mandates presents significant opportunities for the extrusion machinery market. Extrusion processes offer avenues for sustainable production practices such as material recycling, utilization of bio-based polymers, and energy-efficient operations. Manufacturers of extrusion machinery providing the Innovations in product design and the flexibility of extrusion machinery to produce diverse and complex products are attracting various industries, waste minimization, and optimized energy consumption, thereby aligning with end-users' sustainability objectives.
Restraint/Challenge
- Expansion Opportunities in Emerging Markets
Rapid industrialization and infrastructure development in emerging economies, particularly in Asia-Pacific and Latin America, are driving demand for extruded products, thereby offering lucrative expansion prospects for the extrusion machinery market. The burgeoning construction sector, coupled with increased investments in the automotive and packaging industries, presents fertile ground for market growth in various regions.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Dumbbells Market market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- Market-leading vendors such as KabraExtrusionTechnik Ltd. and Bausano & Figli S.p.A. are concentrating on utilizing polymers like PE, PP, and PVC to produce seamless plastic products
Extrusion Machinery Market Scope
The market is segmented into product type, flavor, packaging, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Direct Extrusion
- Indirect Extrusion
- Cold Extrusion
- Hot Extrusion
End-Use Industry
- Plastics Industry
- Food and Beverage Industry
- Pharmaceutical Industry
- Automotive Industry
- Aerospace Industry
Product Type
- Single-Screw Extruders
- Twin-Screw Extruders
Material Type
- Plastic Extrusion Machinery
- Metal Extrusion Machinery
- Rubber Extrusion Machinery
- Food Extrusion Machinery
Application
- Sheet Extrusion,
- Film Extrusion,
- Tubing Extrusion,
- Compounding Extrusion,
- Blow Molding Extrusion,
- Injection Molding Extrusion
Extrusion Machinery Market Regional Analysis/Insights
The market is analyzed and market size insights and trends are provided by type, end use industry, product type, material type, and application as referenced above.
The countries covered in the Global Extrusion Machinery Market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, and Rest of Middle East and Africa.
Asia Pacific is the most dominating region in the market, holding the highest share of the growing demand for plastic products: with rapid urbanization and infrastructure development, there is a soaring demand for plastic products in China. Due to consumer goods industry relies on extruded products for a variety of applications, including packaging, household items, and electronics. The expanding consumer goods market, driven by increasing disposable incomes and changing lifestyles, is boosting the demand for extrusion machinery.
Asia-Pacific dominates in the market as it has a substantial demand for China and has established itself as a global manufacturing hub across multiple industries, including plastics and machinery. Its vast industrial infrastructure, skilled labor force, and supportive government policies have contributed to the growth of the market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Extrusion Machinery Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the Global Extrusion Machinery Market are:
- Davis-Standard (U.S.)
- Coperion GmbH (Germany)
- Battenfeld-Cincinnati (Austria)
- KraussMaffei Group (Germany)
- Milacron Holdings Corp (U.S.)
- Leistritz AG (Germany)
- Toshiba Machine Co. Ltd (Japan)
- NFM Welding Engineers (U.S.)
- Kabra Extrusiontechnik Ltd (India),
- Reifenhauser GmbH & Co. KG Maschinenfabrik (Germany)
- Nordson Corporation (U.S.)
- Gneuss Kunststofftechnik GmbH (Germany)
- Macro Engineering & Technology Inc. (Canada)
- Windsor Machines Limited (India)
- Tecnomatic S.p.A. (Italy)
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