South Korea Gib-guided Presses Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.3 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The South Korea GFRTP Plates Market has seen remarkable growth in recent years, driven by the increasing demand for advanced materials in various industries. GFRTP (Glass Fiber Reinforced Thermoplastic) plates, known for their lightweight, high-strength, and durability properties, are gaining widespread adoption in industries such as automotive, aerospace, and construction. These plates are favored for their ability to withstand high temperatures, resist corrosion, and offer significant weight reduction compared to traditional materials. In South Korea, the demand for GFRTP plates is particularly influenced by the country’s focus on technological advancement and sustainable solutions.
In the automotive industry, GFRTP plates are used for manufacturing components such as body panels, bumpers, and interior parts. The automotive sector’s push towards producing lighter, more fuel-efficient vehicles has significantly boosted the demand for these advanced composite materials. GFRTP plates are also seen as an alternative to metals, providing reduced weight without compromising strength, which is crucial in improving vehicle performance and fuel economy.
Aerospace manufacturers in South Korea are increasingly turning to GFRTP plates for aircraft components, especially for non-structural parts like interior linings, flooring, and storage compartments. The ability of GFRTP plates to withstand high stress and extreme temperatures while maintaining low weight makes them ideal for the aerospace sector. These properties help to enhance fuel efficiency and contribute to overall cost reduction in aircraft manufacturing.
Another significant sector driving the demand for GFRTP plates in South Korea is construction. These plates are utilized in various building applications such as facades, roofing, and insulation. Their resistance to corrosion and high strength-to-weight ratio makes them a preferred choice for building materials that require both durability and aesthetics.
The South Korea GFRTP Plates Market is also shaped by the rising need for eco-friendly and sustainable materials. As industries increasingly focus on reducing their environmental impact, GFRTP plates are seen as an excellent option due to their recyclability and lower carbon footprint compared to traditional materials.
As demand continues to grow, manufacturers are expected to invest in advanced production technologies to improve the quality and cost-effectiveness of GFRTP plates. Innovations in processing techniques, such as injection molding and thermoforming, are likely to make GFRTP plates more accessible and cost-efficient, further expanding their applications across various industries.
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Nidec
Komatsu
Shibuya Kogyo
Pacific Press Technologies
OMERA
Sutherland Presses
Greenerd
FPM Group
JIER Machine-Tool Group
SEYI
Jiangsu Yangli Group
Savage Engineering
Stamtec
Zhejiang Yitian Precision Machinery
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Gib-guided Presses Market
Mechanical Gib-guided Presses
Hydraulic Gib-guided Presses
Pneumatic Gib-guided Presses
Automotive Industry
Aerospace Sector
Electronics Manufacturing
Medical Devices Production
Metal Fabrication
Manufacturing
Construction
Consumer Goods
Industrial Equipment
Energy Sector
Low Capacity (Up to 50 tons)
Medium Capacity (51 to 150 tons)
High Capacity (Above 150 tons)
Manual Gib-guided Presses
Semi-Automatic Gib-guided Presses
Fully Automatic Gib-guided Presses
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Gib-guided Presses Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Gib-guided Presses Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Gib-guided Presses Market, By Type
6. South Korea Gib-guided Presses Market, By Application
7. South Korea Gib-guided Presses Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Gib-guided Presses Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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