Press release
Rotational Moulding Machines Market is expected to surpass US$ 1,089 Mn by 2029
Future Market Insights
According to an analysis by FMI, the astounding expansion that industrial and manufacturing have had over the past ten years is one of the main factors boosting sales of rotational moulding machines. Rotational moulding machine sales are forecast to reach 10,728 units globally in 2022 and 13,015 units globally in 2029 due to an expected increase in demand.
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The latter half of the 20th century saw improvement in the products made, with focus on monitoring the steps of the process and their impact on uniformity and quality. This led to the creation of the Rotolog, to monitor and control the cooling aspect, providing direction for the growth of the industry.
Rotational monitoring machines as they exist today are being seen as a perfect solution, with more applications for the process being thought of, the rotational mouldings market is likely to grow in the foreseeable future
The sales of rotational moulding machines are estimated to register a growth of US$ 228.3 Mn over the forecasted period between 2022 and 2029, in comparison with the growth of US$ 150.8 Mn recorded between 2014 and 2021.
As a process, rotational moulding, the application of which are highly versatile as are increasingly being used in the manufacturing products across industries. However, the use of rotational moulding machines for the creation of containers such as tanks is likely to remain high while the drums and bins and similar objects are also gaining traction.
Strategic focus on Customization
Within manufacturing as an industry, the trend of customization has had an astounding influence on rotational moulding machines. Manufacturers are looking to capitalize on this trend by adding the production of tailor-made machines to cater to the consumer's requirement, to their portfolio. This is being implemented as a strategy by key players looking to maintain their competitive edge in the market.
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PLC Controlled Machines for Productivity and Performance
The overarching influence of advancement has led to the integration of programmable logic controller (PLC) with machine interfaces in order to simplify the process itself. With the introduction of PLC machines, along with overall operational efficiency, productivity rates also significantly improved, benefitting players in the business. Because every aspect can be monitored and controlled, including temperature, pressure and even the thickness of the product itself, they are being considered as a viable alternative to non-PLC machines.
Players in the industry are slowly but steadily getting into rotational moulding machines that are equipped with PLC to hold their advantage in the landscape.
Competitive Landscape
Major players across the global rotational moulding machines market are focusing upon producing technologically advanced rotomoulding machinery solutions and focusing upon increasing their international presence by expanding their operational and distribution network:-
In December 2021, Rotomachinery Group achieved "Industry 4.0" certification for its rotational moulding machines.
In February 2020, Perisco SpA acquired bielomatic plastic Leuze GmbH + Co. KG, which is a plastic welding systems manufacturer in Germany.
Key Companies Profiled
The Rotomachinery Group
N. A. Roto Machines & Moulds India
Rotoline USA
Ferry Industries, Inc.
Shandong Zhongtian Rubber & Plastic technology Co., Ltd.
Persico S.p.a.
Fixopan Machines Pvt. Ltd.
Caccia Engineering Srl
Crossfield Excalibur Ltd.
Orex Rotomoulding
Roto Machines Ltd.
Yantai Huantong Rotational Moulding Equipment Co., Ltd.
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Rotational Moulding Machines Market by Category
By Product Type:
Carousel Rotational Moulding Machines
Rock & Roll Rotational Moulding Machines
Shuttle Rotational Moulding Machines
Up & Over Rotational Moulding Machines
Clamshell Rotational Moulding Machines
By Application:
Tanks & Container
Drums & Bins
Carts & Carrier
Toys & Kayaks
Others
By End Use:
Food & Beverage
Agriculture
Automotive & Marine
Chemicals & Petrochemicals
Pharmaceuticals
Homecare
Other Industrial
By Region:
North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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