Press release
Industrial Laminating Machines Market Growth Factors, Opportunities, Upcoming Trends, Segmentation, Challenges
Industrial Laminating Machines Market
The Business Research Company presents an extensive market research report on the Industrial Laminating Machines Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The industrial laminating machines market size has grown strongly in recent years. It will grow from $493.04 billion in 2023 to $521.41 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increasing demand for packaging solutions, globalization and international trade, diverse application industries, environmental regulations, cost-effective production.
The industrial laminating machines market size is expected to see strong growth in the next few years. It will grow to $634.72 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to rising demand for sustainable solutions, emerging markets and industries, customization and flexibility, stringent quality standards, e-commerce packaging requirements. Major trends in the forecast period include digital printing technologies, industry 4.0 integration, technological advancements, environmentally friendly technologies, advanced material compatibility, energy-efficient technologies.
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Key Market Players:
Nordson Corporation, Bobst Group SA, General Binding Corporation, Mactac, FRIMO Group GmbH, Emsur S.A., Kenmec Group, HMT Manufacturing Inc., Uteco Converting S.p.A., D and K Group Inc., Aetna Group, Nippon Tungsten USA Inc., Signode AB, Global Web Finishing, Monotech Systems Ltd., Nordmeccanica Group, Comexi Group, Hesse Mechatronics Inc., Harpak-Ulma Packaging LLC, Soma Engineering, Karlville Development LLC, Black Bros. Co., Faustel Inc., BFM S.R.L., APL Machinery Pvt Ltd., Hsing Wei Machine Industry Co. Ltd., Graphco, GVE Industrietechnik GmbH, Wenzhou Guangming Printing Machinery Co. Ltd., Professional Laminating Systems are prominent players in the industry.
Market Drivers:
The growing demand for the automotive industry is expected to propel the growth of the industrial laminating machines market going forward. The automotive industry refers to the collection of companies, organizations, and activities involved in designing, developing, manufacturing, marketing, selling, and maintaining motor vehicles. The growing demand for the automotive industry significantly contributes to the increased use of industrial laminating machines. Laminates are widely used in the automotive industry for various applications such as interior trim, door panels, and instrument panels that can improve fuel efficiency and reduce emissions. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, the number of motor vehicles manufactured worldwide in 2022 was 85.4 million, up 5.7% from 2021. Therefore, the growing demand for the automotive industry is driving the growth of the industrial laminating machines market.
Market Segments Include:
1) By Type: Wet Laminating Machine, Thermal Laminating Machine, Dry Bond Laminating Machine
2) By Technology: Infrared Technology, Ultrasonic Technology
3) By Substrate Material: Paper, Film, Foil, Other Materials
4) By Operation: Manual, Semi-Automated, Automated
5) By End-User: Automotive, Aerospace And Defense, Medical, Pharmaceutical, Food And Beverage, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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