The global extrusion equipment market is projected to grow at a CAGR of 5.3% during the forecast period, an account for increasing. It is expected to be worth USD 8,764.6 Million by 2032, up from USD 5,243.7 Million in 2022.
Extrusion equipment adoption is expected to be accelerated by rising demand for extrusion products and a rapid increase in investment in the manufacturing sector. However, market growth is likely to be stifled due to the high installation and maintenance costs of this equipment.
In contrast, regional government initiatives aimed at micro, small, and medium-sized enterprises (MSME) and recent technological advancements are expected to generate lucrative market share opportunities.
| Report Attribute | Details |
|---|---|
| Extrusion Equipment Market Value (2022) | USD 5,243.7 Million |
| Extrusion Equipment Market Anticipated Value (2032) | USD 8,764.6 Million |
| Extrusion Equipment Projected Growth Rate (2022 to 2032) | 5.3% |
Plastic sheet and pipe manufacturing are increasing the likelihood of apprentice vendors in the extrusion equipment market trends. Furthermore, the top market players strive for market maturity by strategically utilizing polymers such as PP, PE, and PVC to produce seamless products, particularly plastic.
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Extrusion equipment is in high demand due to its lightweight and increased flexibility. Global awareness of energy conservation is expected to drive market growth. Plastic extrusion equipment manufacturers are increasingly focusing on the production of reliable and efficient twin-screw plastic extrusion machines, which is expected to drive extrusion equipment market growth.
The additive manufacturing process is becoming increasingly popular around the world. This development, known as fuse deposition modeling (FDM), can generate complex geometries with details and is frequently used in the extrusion process. As a result, this method is expected to become a critical factor driving the global extrusion equipment market growth.
Wire insulations are essential components of the plastic extrusion market. This greatly aids in the production of several plastic products used in the industrial sector. This factor is expected to boost global market growth.
The urban population of developing countries is increasingly demanding processed product types, which is expected to increase the demand for food extrusion equipment. This, combined with high disposable incomes and changing lifestyles, has increased demand for ready-to-eat products, which save effort and time and are expected to expand the extrusion equipment market size.
Due to size variations, there may be unpredictable expansion, forcing manufacturers to accept significant levels of deviation from the product dimensions or tolerance. This is likely to reduce the demand for extrusion equipment.
Raw material production has decreased due to changing climatic conditions around the world. This is a problem for food extrusion machines because snack pellet manufacturers are unable to meet rising demand due to a lack of raw material supply. This is expected to be a major restraint, reducing the extrusion equipment market share.
On the flip side, factors such as reduced labor costs and high product strength and quality are likely to drive up demand for extrusion equipment. Furthermore, consumer awareness of environmentally friendly equipment is growing. These factors provide manufacturers with numerous opportunities to introduce innovative improvements to extrusion equipment.
North America is the leading extrusion equipment market, with a revenue of 26.3%. This is attributed to the growing manufacturing infrastructure and the high per capita income of the people in this region, especially in the USA
The USA already has established know-how in different end-user industries and strong distribution and sales channels, which are expected to expand the global extrusion equipment market size. Additionally, the emergence of new market players and OEMs related to extrusion equipment is further likely to surge the extrusion equipment market growth.
Europe is the second dominating extrusion equipment market, with a revenue of 22.9%. This is owing to the presence of a developed snack food market offering a prominent consumer base with opportunistic growth options.
Manufacturers are compelled to source extruded snack products from other parts of the world for an uninterrupted supply of raw materials, owing to the increasing consumption of snack product types in this region. These factors require food extrusion machines, which are anticipated to create innovative opportunities for manufacturers in the extrusion equipment market share.
The extrusion equipment market has matured over five decades with gradual technological advancements, with a majority of product sales through secondary sales channels, in terms of end product design and moulding consisting of independent suppliers and global and regional equipment manufacturers. Start-up companies are further contributing to the market development, as low-profile manufacturers and distributors of extrusion equipment.
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The extrusion equipment market share is bottom fragmented and top consolidated which is attributed to the presence of some key players obtaining a major block of the market share. The players are often involved in opting for both organic and inorganic growth strategies to expand their geographical presence and their product portfolio.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.3% from 2022 to 2032 |
| The base year for estimation | 2021 |
| Historical data | 2017 to 2021 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments Covered | Product Type, Load Type, Press Position, End User, and Region. |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia, and New Zealand |
| Country scope | United States of America; Canada; Mexico; Germany; United Kingdom; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | Milacron Holdings Corp., RDN Manufacturing Co. Inc., Coperion GmbH, The Conair Group, Thermo Fischer Scientific Inc., 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, Bühler, etc. |
| Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
Demand for extrusion equipment is likely to accelerate at a CAGR of 5.3%, through 2032.
Initiatives by regional governments aimed at micro, small, and medium-sized enterprises (MSME) and recent technological advancements
The adoption potential of extrusion equipment is likely to reach a valuation of USD 5,243.7 Million in 2022.
| Market Size (2022) | USD 7192.77 million |
|---|---|
| Market Projected Size (2032) | USD 11170.15 million |
| Value CAGR (2022 to 2032) | 4.5% |
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