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Ceramic Machinery Market Statistics, Industry Demand, Scope By 2033
Ceramic Machinery Market
According to The Business Research Company's, The ceramic machinery market size has grown strongly in recent years. It will grow from $4.42 billion in 2023 to $4.72 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increasing demand for ceramic product, global economic growth, innovations in materials, regulatory support, globalization of markets.
The ceramic machinery market size is expected to see strong growth in the next few years. It will grow to $6 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to industry 40 integration, environmental sustainability, growing construction sector, customization and flexibility, r&d in advanced ceramics. Major trends in the forecast period include digitalization of manufacturing, technological advancements, digitalization and smart manufacturing, customization and flexibility, energy efficiency and sustainability.
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Market Drivers and Trends:
The increase in demand for ceramic tiles is expected to propel the growth of the ceramic machinery market going forward. Ceramic tiles refer to a type of hard, durable, and decorative material used for covering walls, floors, and other surfaces. Ceramic machinery is used extensively in the production of ceramic tiles, as it helps to automate and streamline the manufacturing process. For instance, in October 2022, according to the MECS research center, an Italy-based manufacturing machinery and supply chain research center, and a journal publisher, the global production and consumption of ceramic tile grew by 7.2% and 6.8% in the year 2021. Therefore, the increase in demand for ceramic tiles is driving the growth of the ceramic machinery market.
Product innovations are the key trends gaining popularity in the ceramic machinery market. Companies operating in the ceramic machinery market are innovating new products to sustain their position in the market. For instance, in April 2021, Lithoz GmbH, an Austria-based company that specializes in the development and manufacturing of ceramic 3D printing systems launched CeraFab Lab L30 ceramic printer with Lithography-based ceramics manufacturing (LCM) technology. It is intended for use in research and development and uses Lithography-based ceramics manufacturing (LCM) technology, which can produce high-resolution parts with unmatched precision and first-class lasting quality. The entry-level model for those just starting out in ceramic 3D printing, the cerafab lab L30 is made specifically to ensure that even those with restricted resources have access to the greatest technology available with full capability. It is intended for use in research and development.
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Major Key Players of the Market:
Sacmi Imola S.C.; Siti B&T Group SpA; Keda Industrial Group Co. Ltd.; KERAjet S.A.; Ancora SpA; Air Power Group Spa.; Bedeschi SpA; Cleveland Tool And Machine LLC; Foshan Sapfit Technology Co. Ltd.; Feeco International Inc.; Hammond Roto Finish Inc.; OptiPro Systems LLC; Xinhai Mining Technology & Equipment Inc; System Ceramics SpA; Assogroup; EFI Cretaprint; Manfredini & Schianchi S.r.l.; LB Officine Meccaniche S.p.A.; Modena Machinery; Xaar plc; Ceramic Instruments Srl; Kilns & Furnaces Ltd.; Suzhou Huajing Ceramic Machinery Co. Ltd.; Foshan Nanhai Wangeshi Machinery Equipment Co. Ltd.; Torrecid Group; Esmalglass-Itaca Grupo; Xiamen Yinhua Machinery Co. Ltd.; Ceramic Tools Co. Ltd.; General Medical Merate S.p.A.; Beralmar Technologic S.A.; Imerys Ceramics; HEGAN S.COOP; Tecnema Technology S.r.l.; Tecnograf S.r.l.; ESD Electronics gmbh
Ceramic Machinery Market 2024 Key Insights:
• The ceramic machinery market will grow to $6 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
• Surge In Ceramic Tile Demand And Its Impact On The Ceramic Machinery Market
• Pioneering Ceramic 3D Printer For Development In The Ceramic Machinery Market
• Asia-Pacific was the largest region in the ceramic machinery market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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