PUBLISHER: The Insight Partners | PRODUCT CODE: 1394053
PUBLISHER: The Insight Partners | PRODUCT CODE: 1394053
The North America temporary protective film industrial laminating machine market is expected to grow from US$ 34.94 million in 2022 to US$ 45.93 million by 2028. It is estimated to grow at a CAGR of 4.7% from 2022 to 2028.
Increasing Investments and Rising Contracts of Temporary Protective Fuel North America Temporary Protective Film Industrial Laminating Machine Market
Companies are working on strategic alliances such as partnerships, collaborations, and agreements to be able to meet the growing need for temporary protective film industrial laminating machines. A few of such strategic initiatives are mentioned below.
In Feb 2022, the Board of Regents has approved the spending of the US$ 10 million to US$ 15 million for the replacement of the Stead Family Children's Hospital windows at risk. Till the work get completed and total identification to be done the windows will be covered using temporary protective films. Such factor is creating the demand for the laminators to apply temporary protective file on windows.
In February 2019, Charter NEX Films announced its collaboration with HP Indigo to launch new Pack Ready Lamination PE sealant films, which are validated by Karlville for use with the HP Indigo Pack Ready Laminator. Thus, the laminator provides high-quality flexible packaging with an easy and food-safe lamination solution.
Such partnerships and collaborations are contributing to the growth of the North America temporary protective film industrial laminating machine market .
North America Temporary Protective Film Industrial Laminating Machine Market Overview
In the automotive industry, industrial laminating machines are used to create car parts and protect interior and exterior surfaces from scratches and abrasion during manufacturing, assembly, and vehicle transit. Temporary protective film industrial laminating machine helps protect body parts, wheels, bumpers, trim, lights, and emblems and safeguards high gloss finishes and painted plastic parts in vehicles to ensure 100% damage prevention and a perfect customer experience. The significant rise in the production of automotive vehicles owing to an increase in per capita income and the surge in demand for automobiles across North America has increased the need for temporary protective film industrial laminating machines. According to the Hedges Company, there were 286.9 million registered cars in the US in 2020. In October 2022, BMW AG announced an investment of US$ 1.7 billion to build electric vehicles (EVs) to enhance EV production in the US. Further, the total number of road motor vehicles registered in Canada increased to 26.2 million in 2021, an increase of 1.9% from 2020.
Moreover, the food & beverage industry is essential to the economy of North America. According to a report by the US Committee for Economic Development, the food & beverage industry comprises about 27,000 organizations and employs almost 1.5 million people. Due to the high internet penetration, delivery services availability, and growing demand for convenience, consumers are increasingly ordering groceries and other food products and goods through e-commerce platforms. Owing to this trend, there is an increasing need for packaging snacks, ice creams, biscuits, drinks, coffee, frozen food, and other ready-to-eat products. Thus, the adoption of temporary protective film industrial laminating machines is rising in the food & beverage industry, contributing to the growth of the temporary protective film industrial laminating machine market in North America.
North America Temporary Protective Film Industrial Laminating Machine Market Revenue and Forecast to 2028 (US$ Million)
North America Temporary Protective Film Industrial Laminating Machine Market Segmentation
The North America temporary protective film industrial laminating machine market is segmented into type, application, and country.
Based on type, the North America temporary protective film industrial laminating machine market is segmented into manual industrial laminators and automatic industrial laminators. The automatic industrial laminators segment held a larger share of the North America temporary protective film industrial laminating machine market in 2022.
Based on end application, the North America temporary protective film industrial laminating machine market is segmented into medical, pharmaceutical, food and beverages, automotive, aerospace and defense, and others. The automotive segment held the largest share of the North America temporary protective film industrial laminating machine market in 2022.
Based on country, the North America temporary protective film industrial laminating machine market is segmented into the US, Canada, and Mexico. The US dominated the North America temporary protective film industrial laminating machine market in 2022.
HMT Manufacturing Inc, APL Machinery Pvt Ltd, Surface Armor LLC, Walco Inc, and Jordon Glass Machinery Inc are some of the leading companies operating in the North America temporary protective film industrial laminating machine market.