Plastic welding refers to a process of joining flexible plastic materials, through heat and pressure. Plastic welding uses the base plastic itself as the fastening material in order to grip the parts together. This makes plastic welding distinct from other joining processes such as adhesives, seam tape, sewing or other fasteners. Plastic welding equipment are capable of consistently creating airtight, watertight, durable and abrasion resistant seals without any joint deterioration. The technique can be used in a wide range of thermoplastic materials including the following:
The overall plastic welding equipment market is highly driven by the ever-rising plastics manufacturing industry worldwide. Plastic materials such as PET, PVC, PP and others have replaced conventional materials in a wide range of applications. Some of the prominent applications include consumer products, automotive parts, consumer electronics, electrical products and others. Due to cheap prices of plastic materials (as compared to their counterparts), the trend is only estimated to rise in the coming years. The plastic welding equipment market is hence projected to continue witnessing robust growth during the forecast period. Another major factor fueling the market growth is availability of variety of methods used for plastic welding. This enables welding of plastic materials in different working environments.
Virtually, there are few factors restraining the market growth. One of the major challenges is limitation across plastic welding methods. Although the overall plastic welding equipment market is driven by the rising plastics manufacturing industry coupled with availability of wide array of welding methods, there exists significant limitations for each of the welding method.
The report titled “GlobalPlastic Welding EquipmentMarket- Growth, Share, Opportunities and Competitive Analysis, 2021 – 2029” offers strategic insights into the global plastic welding equipment market with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on different types of weldingmethods (equipment) and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2020&2029. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.
In order to help strategic decision makers, the report also includes competitive profiling of the leading plastic welding equipmentmanufacturers, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Some of the major players profiled in the report are Emerson Electric Co., Dukane Corporation, bielomatikLeuze GmbH + Co. KG,Leister Technologies AG, CEMAS Elettra, RITMO S.p.A., DRADER Manufacturing, Herrmann Ultrasonicand others. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global plastic welding market, offering market size and estimates for the period from 2021 to 2029, keeping in mind the above mentioned factors.
The overall plastic welding equipment market comprises large number of plastic welding methods designed for different applications. This is due to wide range of materials being used for variety of applications. As of 2020, the overall plastic welding equipment market is dominated by welding methods such as ultrasonic welding and hot plate, hot gas and laser welding equipment.Collectively, the aforementioned plastic welding equipment contribute to more than 50% of the total market worldwide. Amongst these, ultrasonic and hot plate are the most prominent welding equipment used across the world in different applications. Thus, the segments are estimated to retain their dominance throughout the forecast period. The laser welding segment is expected to witness the fastest growth through the forecast period.
As of 2020, the overall plastic welding equipment market worldwide is dominated by the Asia Pacific region. The market here is mainly supported by China, Japan and South Korea. China accounts for the largest plastic products manufacturing sector across the world. Due to huge manufacturing sector, nation has emerged among the largest markets for plastic welding equipment over the period of time. India is another emerging market for plastic welding equipment owing to its rising plastic manufacturing sector. Subsequently, Asia Pacific is estimated to retain its dominant position in the market throughout the forecast period. Europe follows the Asia Pacific region, in terms of revenue, of the global plastic welding equipment market. The market here is majorly backed by Germany, Italy, France, the U.K. and others.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Plastic Welding Equipment market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Welding Method
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
