The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

• Steady Market Expansion: The extrusion machinery market has shown consistent growth, with the market size reaching $7.6 billion in 2023, projected to rise to $7.96 billion in 2024, and forecasted to hit $9.64 billion by 2028, boasting a Compound Annual Growth Rate (CAGR) of 4.7% and 4.9% respectively.
• Factors Contributing to Historic Growth: Industrialization, manufacturing upsurge, increased construction activities, market demand, competitive landscape, and fluctuating raw material prices have been instrumental in the market’s historic growth.
• Anticipated Growth Drivers: In the forecasted period, sustainability initiatives, rising market demand, global trade dynamics, customization requirements, and a focus on energy efficiency are anticipated to fuel the market’s growth trajectory.

Increasing Demand For Plastic Products Drives The Extrusion Machinery Market

• Plastic Product Demand: The burgeoning demand for plastic products, propelled by various industries, is set to bolster the extrusion machinery market’s growth. Plastic extrusion machines play a pivotal role in shaping plastic into diverse forms, meeting the demand for an array of items.
• Global Plastic Output Surge: According to the United Nations Environment Programme, the global primary plastic output is expected to skyrocket to 1,100 million tons by 2050. A significant portion of this output, 36%, is utilized in packaging, emphasizing the critical role of extrusion machinery.

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Key Players in the Extrusion Machinery Market

• A plethora of companies operates within the extrusion machinery market, including renowned entities like KraussMaffei Technologies GmbH, AMUT S.P.A., and Hegler Plastik GmbH, among others. These players contribute to the market’s competitiveness and innovation.

Innovative Sustainability In Extrusion Machinery

• Product Innovation: Innovation remains a core trend within the extrusion machinery market. Companies are intensifying their focus on developing innovative products to fortify their market foothold and cater to evolving consumer demands.
• Case Study: Uniloy Inc.: Uniloy Inc. exemplifies this trend with its launch of the all-electric Uniloy UCS.E continuous extrusion shuttle machine. This machine offers enhanced energy efficiency, consuming 40% less energy compared to conventional hydraulic shuttle machines, thus aligning with sustainability goals.

Acquisition and Expansion

• Strategic Acquisitions: In June 2022, Kautec Solutions, a Spain-based manufacturer, acquired Tecalex, augmenting its position in the extrusion machinery market. Through this acquisition, Kautec gains access to Tecalex’s expertise, consolidating its market presence.

Market Segmentation

• Segmentation Overview: The extrusion machinery market is segmented based on type, material, process, and end-use, providing a comprehensive framework to analyze and understand market dynamics.
• Regional Dominance: North America emerged as the largest region in the extrusion machinery market in 2023, showcasing the region’s significance in driving market growth and innovation.

Conclusion
The extrusion machinery market exhibits robust growth potential, fueled by increasing demand for plastic products, sustainability initiatives, and technological advancements. Companies within this sector continue to innovate, striving to meet evolving consumer needs and environmental considerations. With strategic acquisitions and market segmentation facilitating expansion, the extrusion machinery market is poised for sustained growth in the coming years.

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The Extrusion Machinery Global Market Report 2024  provides an overview of the extrusion machinery market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The extrusion machinery market forecast analyzes extrusion machinery market size, extrusion machinery market share, leading competitor and their market positions.

The Table Of Content For The Extrusion Machinery Market Include:
1. Extrusion Machinery Market Executive Summary
2. Extrusion Machinery Market Segments
3. Extrusion Machinery Market Size And Extrusion Machinery Market Growth Rate
4. Key Extrusion Machinery Market Trends
5. Major Extrusion Machinery Market Drivers
……
25. Key Mergers And Acquisitions In The Extrusion Machinery Market
26. Top Extrusion Machinery Companies
27. Extrusion Machinery Market Opportunities And Strategies
28. Extrusion Machinery Market, Conclusions And Recommendations
29. Appendix

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