Extrusion Machinery Market Report
Extrusion Machinery Market by Material (Plastic, Metal, and Others), Type (Single Screw and Twin-screw), End Use (Construction, Consumer Goods, Packaging, and Automotive), Region (North America, Europe, Asia Pacific- Dominating, LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032
Extrusion Machinery Overview
Materials like plastics, metals, ceramics, and food items are processed and shaped using extrusion machines in a variety of sectors. The technique of extrusion, which entails pushing material through a die to shape or mold it into a desired shape or form, is used by an extrusion machine, a specialized piece of equipment. Typically, a machine's components include a hopper, barrel, screw or ram, and die. The material is pushed through the barrel by the screw or ram after being heated in the hopper where it was first fed. The material flows through the die, conforming to the opening's shape before being cooled and cemented.
Extrusion technology is a popular option for producers all over the world due to its adaptability, efficiency, and cost-effectiveness. Extrusion equipment refers to a kind of equipment used to system substances by forcing them through a die or a set of dies underneath controlled conditions. It involves the application of heat, pressure, and mechanical pressure to transform raw materials into preferred shapes or forms.
Global Extrusion Machinery Market Analysis
The global extrusion machinery market size was $8,496.60 million in 2022 and is predicted to grow with a CAGR of 5.3%, by generating a revenue of $14,035.64 million by 2032.
COVID-19 Impact On Global Extrusion Machinery Market
During the COVID-19 pandemic, the world economy slowed, resulting in a decrease in purchaser discretionary expenditure. The pandemic also led to global unemployment and inflation all of which had a negative impact on industrial growth, including the demand for extrusion machines. These macroeconomic issues have hampered market expansion in recent years. The pandemic caused changes in consumer behavior and preferences, affecting a wide range of sectors.
In the post-pandemic period, increase in need for medical supplies, packaging materials, or ecological products, for example, could influence demand for specific types of extrusion machines.
Rising Demand for Extrusion Machinery in Various Industrial Sectors to Drive the Market Growth
The increasing demand for extrusion machinery in various sectors is expected to boost the market expansion. Various industries, including plastics, food processing, medicines, and construction, use extrusion equipment. It is essential for the production process as it efficiently and consistently shapes materials into the necessary shapes. The need for extruded materials is driven by the growth of sectors like construction, automotive, packaging, and consumer goods. Extrusion equipment is essential for these industries' ability to create components, profiles, pipelines, and other specialized goods. The efficiency, accuracy, and adaptability of extrusion equipment have all been enhanced. Modern features that increase efficiency and lower costs of production are being incorporated by manufacturers, such as automation, computer-controlled systems, and real-time monitoring. There is an increase in demand for plastic extrusion machinery as plastics are widely used in the packaging, construction, and consumer goods industries. Since extrusion machinery can process a variety of plastic materials, it is essential for the plastic manufacturing industry.
High Initial Investment to Restrain the Market Growth
The cost of purchasing and installing extrusion machinery can be extremely costly, especially for small and medium-sized businesses (SMEs). The initial investment required to purchase and set up extrusion machinery, as well as the accompanying infrastructure and training requirements, can be difficult for enterprises with low resources. SMEs, in particular, may struggle to devote the necessary finances for the acquisition of new or advanced extrusion machinery. All these are the major factors projected to hamper the market revenue growth during the forecast period.
Advancements in Technology to Drive Excellent Opportunities
Significant technological improvements have been made in the extrusion machinery market, creating fantastic prospects for growth and innovation. Extrusion processes are now more precise and efficient owing to sophisticated automation and control systems. Real-time monitoring, data analysis, and modifications are made possible by these technologies, which increases productivity and decreases downtime. They also improve the extruded goods' overall consistency and quality. Computer-Aided Design (CAD) and simulation tools have completely changed the way extrusion machinery is designed and optimized. The creation of virtual prototypes has allowed engineers to analyze different parameters, mimic the extrusion process, and spot potential problems before real production. The integration of IoT gadgets, sensors, and connectivity options has made it possible to gather and analyze in-the-moment data from extrusion equipment. For proactive maintenance, process improvement, and quality assurance, this data can be used. Efficiency, productivity, and flexibility are being boosted by Industry 4.0 ideas like digital twins and smart factories in the extrusion machinery sector. The market for extrusion machinery is changing owing to these technical breakthroughs because they increase productivity, broaden the range of possible applications, cut prices, and boost sustainability. Extrusion machinery developers and manufacturers can take advantage of these chances by making R&D investments, working with material suppliers, and customizing their products to satisfy changing consumer demands.
Global Extrusion Machinery Market Share, by Material , 2022
The plastic sub-segment accounted for the highest market share in 2022. Plastic material is widely used in the extrusion process for producing various products because plastic material provides better rigidity and flexibility to the product. Also, plastic is suitable for producing various types of materials such as medical, industrial, construction, and others. Global awareness of energy conservation is increasing, which is driving the market for plastic extrusion machines. In order to support the market expansion, twin-screw plastic extrusion machine manufacturers are increasingly concentrating on producing these machines. For direct film/sheet processing, The Japan Steel Works (JSW) provides twin-screw extruders in the TEX series, which guarantee high degassing and high kneading performance. In addition, increased manufacturing rates and quick production using plastic extrusion is anticipated to support the expansion of the global market for plastic extrusion machinery.
Global Extrusion Machinery Market Size, by Type, 2022
The single screw sub-segment accounted for the highest market share in 2022. Single-screw machines dominated the market due to their continuous output, small design, low noise emission, low cost, and simple operation. A single screw extruder is a machine that shapes plastic into the desired shape. The machine heats the plastic raw material, for example, PVC, to its melting point before forcing it through a die that shapes the material. Plastic pipes used in trenchless building projects are manufactured using single screw extruders. The major application for single screw extruders is plastic forming. The greatest class of plastic materials extruded using single screw extruders are thermoplastics. A wide variety of products are produced using single screw extruders, such as rubber sheets for conveyors, car tires, plastic film/sheet, cling films, thermal insulation board, food storage bags, rotor blades for wind turbines, window frames, weather stripping, house siding, pipe, and tubes.
Global Extrusion Machinery Market Growth, by End Use, 2022
The construction sub-segment accounted for the highest market share in 2022. Extrusion equipment has a variety of uses, many of which are appropriate for the construction sector. It can be utilized for operations like concrete extrusion, pipe making, the manufacturing of window and door frames, cable insulation, and several other construction-related procedures. Extrusion equipment is extremely valued and sought after by construction organizations because of its versatility. Construction operations that are simplified and efficient are made possible by extrusion equipment. It enables the creation of precisely sized, homogenous, and consistent building materials, which lowers the demand for manual labor and boosts productivity. Extrusion procedures can be automated and upgraded for efficiency, precision, and quality, which reduces costs and shortens project lead times. Extrusion equipment can be scaled down or scaled up to fit certain construction needs. In terms of material types, shapes, sizes, and designs, it gives flexibility.
Global Extrusion Machinery Market Trends, by Region, 2022
The Asia-Pacific extrusion machinery market generated the highest revenue in 2022. Asia-Pacific is experiencing rapid industrialization and urbanization, driving the demand for extrusion machinery. As countries in the region endure monetary growth, there is a growing need for advanced manufacturing gear to assist a range of industries, such as construction, automotive, packaging, and customer goods. This demand for extrusion equipment contributes to the region's vast market share. Asia-Pacific is recognized for its giant manufacturing base, with international locations like China, India, Japan, and South Korea being key contributors. These countries have set up themselves as most important manufacturing hubs, producing a large range of products for both domestic and worldwide markets. The use of extrusion machinery is extensive throughout industries in these countries, leading to a widespread market share in the region.
Competitive Scenario In The Extrusion Machinery Market
Investment and agreement are common strategies followed by major market players. For instance, in February 2023, Guill, one of the leading market players in the industry, released the next version of its Series 800 extrusion tooling, which is designed to manufacture the finest quality, most material-efficient 1/8" to 6" OD tubing for automotive, medical, appliance, and industrial applications.
Source: Research Dive Analysis
Some of the leading extrusion machinery market players are KraussMaffei, Milacron, The Japan Steel Works, Ltd, NFW/Welding Engineers, Inc, BC Extrusion Holdings GmbH, Wegner Manufacturing, Davis Standard, Extrusion Technik USA, Inc, Graham Engineering, and AMUT S.P.A.
Historical Market Estimations
Base Year for Market Estimation
Forecast Timeline for Market Projection
North America, Europe, Asia-Pacific, and LAMEA
Segmentation by Material
Segmentation by Type
Segmentation by End Use
Key Companies Profiled
Q1. What is the size of the extrusion machinery market?
A. The extrusion machinery market size was over $8,496.60 million in 2022 and is further anticipated to reach $14,035.64 million by 2032.
Q2. Which are the leading companies in the extrusion machinery market?
A. KraussMaffei, Milacron, The Japan Steel Works, Ltd, and NFW/Welding Engineers, Inc are some of the key players in the global extrusion machinery market.
Q3. Which region possesses greater investment opportunities in the future?
A. Asia-Pacific is predicted to possess greater investment opportunities for investors in the upcoming years.
Q4. What are the strategies opted by the leading players in this market?
A. Product development and partnership are the key strategies opted for by the operating companies in this market.
Q5. Which companies are investing more on R&D practices?
A. Extrusion Technik USA, Inc Graham Engineering, AMUT S.P.A are investing more in R&D activities for developing new products.