PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1462643
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1462643
Extrusion Machinery Market Forecasts to 2030 - Global Analysis By Type, Material, End User and By Geography
According to Stratistics MRC, the Global Extrusion Machinery Market is accounted for $8.87 billion in 2023 and is expected to reach $13.79 billion by 2030 growing at a CAGR of 6.5% during the forecast period. The Extrusion Machinery Market encompasses a sector of industrial machinery dedicated to the process of extrusion, a manufacturing technique used to create objects with a fixed cross-sectional profile. Extrusion machinery facilitates the transformation of raw materials, typically in the form of plastic pellets or granules, into finished products ranging from pipes, tubes, and sheets to food products like pasta and snacks. These machines enable the efficient processing of thermoplastic materials, offering cost-effective solutions for producing high-volume components with consistent quality.
According to the National Institute of Standards and Technology (NIST) of the U.S., the manufacturing sector of the country contributed a share of 10.8% to its GDP in 2020.
Market Dynamics:
Driver:
Growing demand for plastic products
As industries across sectors such as packaging, construction, automotive, and consumer goods continue to rely heavily on plastic materials, the requirement for efficient and versatile machinery for extrusion rises in tandem. Extrusion machinery plays a vital role in shaping raw plastic materials into a diverse array of products, including pipes, profiles, sheets, films, and packaging materials. The machinery's capability to process various types of plastics with precision and speed enables manufacturers to meet the escalating demand for plastic products while maintaining quality standards and cost-effectiveness.
Restraint:
Volatile raw material prices
Volatile raw material prices present a significant hindrance to the Extrusion Machinery Market. The extrusion process relies heavily on raw materials such as plastics, metals and polymers, whose prices can fluctuate unpredictably due to factors such as geopolitical tensions, supply chain disruptions, and shifts in global demand. These fluctuations in raw material prices directly impact the cost of production for manufacturers using extrusion machinery, making it challenging to maintain stable profit margins and pricing structures. However, sudden spikes in raw material prices can deter investment in extrusion machinery as businesses become wary of potential losses or reduced profitability.
Opportunity:
Rapid industrialization in developing regions
As developing economies undergo rapid industrialization, there is a substantial need for infrastructure development, including transportation networks, utilities, and housing. Extrusion machinery plays a vital role in manufacturing these products by shaping materials such as metals and ceramics into desired forms efficiently and cost-effectively. The expanding manufacturing sector in developing regions requires advanced extrusion technologies to meet the increasing demand for innovative and high-quality products. Moreover, governments in these regions are increasingly investing in infrastructure development and industrialization initiatives, further driving the adoption of extrusion machinery.
Threat:
Regulatory constraints
Compliance with stringent regulations, including safety standards, environmental requirements, and industry-specific regulations, adds complexity and cost to the design, manufacturing, and operation of extrusion machinery. Meeting these regulatory requirements often necessitates additional research and development efforts, as well as investments in specialized equipment and materials, which can increase the overall production costs for manufacturers. However, regulatory uncertainty or frequent changes in standards can disrupt production schedules and increase compliance-related risks, deterring potential investors and buyers of extrusion machinery.
Covid-19 Impact:
Initially, the widespread lockdowns and disruptions to supply chains resulted in a slowdown in manufacturing activities, leading to decreased demand for extrusion machinery. While some segments, like medical supplies and food packaging, witnessed increased demand during the pandemic, overall market growth was dampened by the economic downturn and uncertainty surrounding the duration and severity of the crisis. However, as economies gradually reopen and industries adapt to new norms, the market is expected to rebound, driven by recovery efforts and increasing investments in infrastructure and manufacturing capabilities.
The twin-screw extrusion segment is expected to be the largest during the forecast period
Twin-screw Extrusion segment commanded the largest share of the market during the overcast period as it offers superior performance and versatility compared to single-screw counterparts, making them ideal for a wide range of applications across industries such as food processing, pharmaceuticals and chemicals. Their ability to process a variety of materials with enhanced mixing, compounding, and extrusion capabilities has led to increased adoption by manufacturers seeking higher efficiency and quality in their production processes. Additionally, growing demand for customized and specialty products, coupled with expanding applications in emerging sectors like 3D printing and renewable energy, is driving the continued growth and expansion of the the market.
The consumer goods segment is expected to have the highest CAGR during the forecast period
Consumer Goods segment is witnessing the profitable growth throughout the domination period. With increasing consumer demands for innovative and sustainable products, manufacturers in the consumer goods sector are turning to extrusion machinery to enhance their production processes. Extrusion technology enables the efficient and cost-effective manufacturing of a wide range of consumer goods, including packaging materials, household products, and personal care items. Additionally, the versatility of extrusion machinery allows for the creation of custom-designed products with intricate shapes, textures and functionalities, meeting the diverse preferences of consumers.
Region with largest share:
Due to rising packaging applications prompted by technological advancements, a robust regional economy, increased industrial output and construction activity, and a rise in demand for high-end machinery in the food and beverage sector, the Asia Pacific region is poised to hold the largest market share during the overcast period. In China, the demand for extruded materials used in window frames, curtain walls, door frames, roofing and external cladding, canopies, space frame systems, and arches is expected to increase due to growing building activities in both the residential and non-residential sectors.
Region with highest CAGR:
Asia Pacific region is poised to witness lucrative growth during the extrapolated period as it implements policies and regulations that encourage the adoption of advanced manufacturing technologies, including extrusion machinery. In countries like China, India and Japan, government initiatives such as "Make in India" and "China Manufacturing 2025" aim to promote domestic manufacturing capabilities and enhance competitiveness in global markets. Furthermore, investment incentives, tax breaks, and subsidies provided by governments to promote the modernization of manufacturing facilities further stimulate market growth by encouraging businesses to invest in advanced extrusion technologies.
Key players in the market
Some of the key players in Extrusion Machinery market include AMUT S.P.A, BC Extrusion Holding GmbH, Extrusion Technik USA, Inc, Graham Engineering, KraussMaffei, Milacron LLC, The Japan Steel Works, LTD, Welding Engineers, Inc and Wenger Manufacturing.
Key Developments:
In December 2023, KraussMaffei Extrusion GmbH has unveiled the recently redesigned ZE 28 BluePower laboratory extruder. This extruder delivers enhanced performance by boasting swift availability, an appealing price point, and notable improvements in user-friendliness.
In October 2022, ENTEK received a USD 200 million grant from the U.S. Department of Energy (DOE) for the construction of a new lithium separator plant in the U.S. The investment will improve ENTEK's current production capacity to supply material for 1.4 million electric vehicles annually.
In July 2022, Graham Engineering Acquires Kennedy Tool & Die. Kennedy will remain to have operations in Birdsboro and will offer key contributions to Graham Engineering's maintenance business. The acquisition will help the company to support its consumers throughout the life of its extrusion system.
Types Covered:
- Twin-screw Extrusion
- Single-screw Extrusion
- Ram Extruder
- Other Types
Materials Covered:
- Metals
- Plastics
- Other Materials
End Users Covered:
- Consumer Goods
- Automotive
- Packaging
- Construction
- Electrical & Electronics
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Extrusion Machinery Market, By Type
- 5.1 Introduction
- 5.2 Twin-screw Extrusion
- 5.3 Single-screw Extrusion
- 5.4 Ram Extruder
- 5.5 Other Types
6 Global Extrusion Machinery Market, By Material
- 6.1 Introduction
- 6.2 Metals
- 6.3 Plastics
- 6.4 Other Materials
7 Global Extrusion Machinery Market, By End User
- 7.1 Introduction
- 7.2 Consumer Goods
- 7.3 Automotive
- 7.4 Packaging
- 7.5 Construction
- 7.6 Electrical & Electronics
- 7.7 Other End Users
8 Global Extrusion Machinery Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 AMUT S.P.A
- 10.2 BC Extrusion Holding GmbH
- 10.3 Extrusion Technik USA, Inc
- 10.4 Graham Engineering
- 10.5 KraussMaffei
- 10.6 Milacron LLC
- 10.7 The Japan Steel Works, LTD
- 10.8 Welding Engineers, Inc
- 10.9 Wenger Manufacturing
List of Tables
- Table 1 Global Extrusion Machinery Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Extrusion Machinery Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Extrusion Machinery Market Outlook, By Twin-screw Extrusion (2021-2030) ($MN)
- Table 4 Global Extrusion Machinery Market Outlook, By Single-screw Extrusion (2021-2030) ($MN)
- Table 5 Global Extrusion Machinery Market Outlook, By Ram Extruder (2021-2030) ($MN)
- Table 6 Global Extrusion Machinery Market Outlook, By Other Types (2021-2030) ($MN)
- Table 7 Global Extrusion Machinery Market Outlook, By Material (2021-2030) ($MN)
- Table 8 Global Extrusion Machinery Market Outlook, By Metals (2021-2030) ($MN)
- Table 9 Global Extrusion Machinery Market Outlook, By Plastics (2021-2030) ($MN)
- Table 10 Global Extrusion Machinery Market Outlook, By Other Materials (2021-2030) ($MN)
- Table 11 Global Extrusion Machinery Market Outlook, By End User (2021-2030) ($MN)
- Table 12 Global Extrusion Machinery Market Outlook, By Consumer Goods (2021-2030) ($MN)
- Table 13 Global Extrusion Machinery Market Outlook, By Automotive (2021-2030) ($MN)
- Table 14 Global Extrusion Machinery Market Outlook, By Packaging (2021-2030) ($MN)
- Table 15 Global Extrusion Machinery Market Outlook, By Construction (2021-2030) ($MN)
- Table 16 Global Extrusion Machinery Market Outlook, By Electrical & Electronics (2021-2030) ($MN)
- Table 17 Global Extrusion Machinery Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 18 North America Extrusion Machinery Market Outlook, By Country (2021-2030) ($MN)
- Table 19 North America Extrusion Machinery Market Outlook, By Type (2021-2030) ($MN)
- Table 20 North America Extrusion Machinery Market Outlook, By Twin-screw Extrusion (2021-2030) ($MN)
- Table 21 North America Extrusion Machinery Market Outlook, By Single-screw Extrusion (2021-2030) ($MN)
- Table 22 North America Extrusion Machinery Market Outlook, By Ram Extruder (2021-2030) ($MN)
- Table 23 North America Extrusion Machinery Market Outlook, By Other Types (2021-2030) ($MN)
- Table 24 North America Extrusion Machinery Market Outlook, By Material (2021-2030) ($MN)
- Table 25 North America Extrusion Machinery Market Outlook, By Metals (2021-2030) ($MN)
- Table 26 North America Extrusion Machinery Market Outlook, By Plastics (2021-2030) ($MN)
- Table 27 North America Extrusion Machinery Market Outlook, By Other Materials (2021-2030) ($MN)
- Table 28 North America Extrusion Machinery Market Outlook, By End User (2021-2030) ($MN)
- Table 29 North America Extrusion Machinery Market Outlook, By Consumer Goods (2021-2030) ($MN)
- Table 30 North America Extrusion Machinery Market Outlook, By Automotive (2021-2030) ($MN)
- Table 31 North America Extrusion Machinery Market Outlook, By Packaging (2021-2030) ($MN)
- Table 32 North America Extrusion Machinery Market Outlook, By Construction (2021-2030) ($MN)
- Table 33 North America Extrusion Machinery Market Outlook, By Electrical & Electronics (2021-2030) ($MN)
- Table 34 North America Extrusion Machinery Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 35 Europe Extrusion Machinery Market Outlook, By Country (2021-2030) ($MN)
- Table 36 Europe Extrusion Machinery Market Outlook, By Type (2021-2030) ($MN)
- Table 37 Europe Extrusion Machinery Market Outlook, By Twin-screw Extrusion (2021-2030) ($MN)
- Table 38 Europe Extrusion Machinery Market Outlook, By Single-screw Extrusion (2021-2030) ($MN)
- Table 39 Europe Extrusion Machinery Market Outlook, By Ram Extruder (2021-2030) ($MN)
- Table 40 Europe Extrusion Machinery Market Outlook, By Other Types (2021-2030) ($MN)
- Table 41 Europe Extrusion Machinery Market Outlook, By Material (2021-2030) ($MN)
- Table 42 Europe Extrusion Machinery Market Outlook, By Metals (2021-2030) ($MN)
- Table 43 Europe Extrusion Machinery Market Outlook, By Plastics (2021-2030) ($MN)
- Table 44 Europe Extrusion Machinery Market Outlook, By Other Materials (2021-2030) ($MN)
- Table 45 Europe Extrusion Machinery Market Outlook, By End User (2021-2030) ($MN)
- Table 46 Europe Extrusion Machinery Market Outlook, By Consumer Goods (2021-2030) ($MN)
- Table 47 Europe Extrusion Machinery Market Outlook, By Automotive (2021-2030) ($MN)
- Table 48 Europe Extrusion Machinery Market Outlook, By Packaging (2021-2030) ($MN)
- Table 49 Europe Extrusion Machinery Market Outlook, By Construction (2021-2030) ($MN)
- Table 50 Europe Extrusion Machinery Market Outlook, By Electrical & Electronics (2021-2030) ($MN)
- Table 51 Europe Extrusion Machinery Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 52 Asia Pacific Extrusion Machinery Market Outlook, By Country (2021-2030) ($MN)
- Table 53 Asia Pacific Extrusion Machinery Market Outlook, By Type (2021-2030) ($MN)
- Table 54 Asia Pacific Extrusion Machinery Market Outlook, By Twin-screw Extrusion (2021-2030) ($MN)
- Table 55 Asia Pacific Extrusion Machinery Market Outlook, By Single-screw Extrusion (2021-2030) ($MN)
- Table 56 Asia Pacific Extrusion Machinery Market Outlook, By Ram Extruder (2021-2030) ($MN)
- Table 57 Asia Pacific Extrusion Machinery Market Outlook, By Other Types (2021-2030) ($MN)
- Table 58 Asia Pacific Extrusion Machinery Market Outlook, By Material (2021-2030) ($MN)
- Table 59 Asia Pacific Extrusion Machinery Market Outlook, By Metals (2021-2030) ($MN)
- Table 60 Asia Pacific Extrusion Machinery Market Outlook, By Plastics (2021-2030) ($MN)
- Table 61 Asia Pacific Extrusion Machinery Market Outlook, By Other Materials (2021-2030) ($MN)
- Table 62 Asia Pacific Extrusion Machinery Market Outlook, By End User (2021-2030) ($MN)
- Table 63 Asia Pacific Extrusion Machinery Market Outlook, By Consumer Goods (2021-2030) ($MN)
- Table 64 Asia Pacific Extrusion Machinery Market Outlook, By Automotive (2021-2030) ($MN)
- Table 65 Asia Pacific Extrusion Machinery Market Outlook, By Packaging (2021-2030) ($MN)
- Table 66 Asia Pacific Extrusion Machinery Market Outlook, By Construction (2021-2030) ($MN)
- Table 67 Asia Pacific Extrusion Machinery Market Outlook, By Electrical & Electronics (2021-2030) ($MN)
- Table 68 Asia Pacific Extrusion Machinery Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 69 South America Extrusion Machinery Market Outlook, By Country (2021-2030) ($MN)
- Table 70 South America Extrusion Machinery Market Outlook, By Type (2021-2030) ($MN)
- Table 71 South America Extrusion Machinery Market Outlook, By Twin-screw Extrusion (2021-2030) ($MN)
- Table 72 South America Extrusion Machinery Market Outlook, By Single-screw Extrusion (2021-2030) ($MN)
- Table 73 South America Extrusion Machinery Market Outlook, By Ram Extruder (2021-2030) ($MN)
- Table 74 South America Extrusion Machinery Market Outlook, By Other Types (2021-2030) ($MN)
- Table 75 South America Extrusion Machinery Market Outlook, By Material (2021-2030) ($MN)
- Table 76 South America Extrusion Machinery Market Outlook, By Metals (2021-2030) ($MN)
- Table 77 South America Extrusion Machinery Market Outlook, By Plastics (2021-2030) ($MN)
- Table 78 South America Extrusion Machinery Market Outlook, By Other Materials (2021-2030) ($MN)
- Table 79 South America Extrusion Machinery Market Outlook, By End User (2021-2030) ($MN)
- Table 80 South America Extrusion Machinery Market Outlook, By Consumer Goods (2021-2030) ($MN)
- Table 81 South America Extrusion Machinery Market Outlook, By Automotive (2021-2030) ($MN)
- Table 82 South America Extrusion Machinery Market Outlook, By Packaging (2021-2030) ($MN)
- Table 83 South America Extrusion Machinery Market Outlook, By Construction (2021-2030) ($MN)
- Table 84 South America Extrusion Machinery Market Outlook, By Electrical & Electronics (2021-2030) ($MN)
- Table 85 South America Extrusion Machinery Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 86 Middle East & Africa Extrusion Machinery Market Outlook, By Country (2021-2030) ($MN)
- Table 87 Middle East & Africa Extrusion Machinery Market Outlook, By Type (2021-2030) ($MN)
- Table 88 Middle East & Africa Extrusion Machinery Market Outlook, By Twin-screw Extrusion (2021-2030) ($MN)
- Table 89 Middle East & Africa Extrusion Machinery Market Outlook, By Single-screw Extrusion (2021-2030) ($MN)
- Table 90 Middle East & Africa Extrusion Machinery Market Outlook, By Ram Extruder (2021-2030) ($MN)
- Table 91 Middle East & Africa Extrusion Machinery Market Outlook, By Other Types (2021-2030) ($MN)
- Table 92 Middle East & Africa Extrusion Machinery Market Outlook, By Material (2021-2030) ($MN)
- Table 93 Middle East & Africa Extrusion Machinery Market Outlook, By Metals (2021-2030) ($MN)
- Table 94 Middle East & Africa Extrusion Machinery Market Outlook, By Plastics (2021-2030) ($MN)
- Table 95 Middle East & Africa Extrusion Machinery Market Outlook, By Other Materials (2021-2030) ($MN)
- Table 96 Middle East & Africa Extrusion Machinery Market Outlook, By End User (2021-2030) ($MN)
- Table 97 Middle East & Africa Extrusion Machinery Market Outlook, By Consumer Goods (2021-2030) ($MN)
- Table 98 Middle East & Africa Extrusion Machinery Market Outlook, By Automotive (2021-2030) ($MN)
- Table 99 Middle East & Africa Extrusion Machinery Market Outlook, By Packaging (2021-2030) ($MN)
- Table 100 Middle East & Africa Extrusion Machinery Market Outlook, By Construction (2021-2030) ($MN)
- Table 101 Middle East & Africa Extrusion Machinery Market Outlook, By Electrical & Electronics (2021-2030) ($MN)
- Table 102 Middle East & Africa Extrusion Machinery Market Outlook, By Other End Users (2021-2030) ($MN)
