Us Extrusion Press Equipment Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Extrusion Press Equipment Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 7.8 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The U.S. extrusion press equipment market is experiencing significant growth, driven by advancements in technology and increasing demand across various industries. As of 2024, the market was valued at approximately USD 1,096.0 million and is projected to reach USD 1,409.5 million by 2030, growing at a compound annual growth rate (CAGR) of 3.7%.
One of the primary factors contributing to this growth is the rising demand for lightweight materials in the automotive and aerospace sectors. Manufacturers are increasingly adopting extrusion press equipment to produce high-strength, lightweight components that enhance fuel efficiency and performance. For instance, the automotive industry utilizes these machines to fabricate aluminum parts, reducing vehicle weight and emissions.
Technological advancements have also played a crucial role in propelling the market forward. The integration of automation and digitization in extrusion processes has led to improved efficiency and precision. Modern extrusion presses are now equipped with advanced control systems, real-time monitoring, and energy-efficient components. In 2023, approximately 28 major extrusion facilities in the U.S. adopted sensor-enabled control panels, allowing technicians to detect and address minor fluctuations before they result in defects.
However, the industry faces challenges, notably a shortage of skilled labor capable of operating and maintaining advanced extrusion machinery. In response, several manufacturers have initiated on-site apprenticeship programs and collaborated with training institutes to bridge this skills gap. For example, in Michigan's automotive corridor, 30 manufacturers have introduced training programs to equip workers with the necessary expertise to handle modern extrusion systems.
From my experience working in the extrusion industry, I've observed firsthand the transformative impact of these technological advancements. The shift towards automation has not only increased production rates but also enhanced product quality. Real-time data analytics enable proactive maintenance, reducing downtime and operational costs. Moreover, the emphasis on sustainability has led to the adoption of energy-efficient practices, aligning with global environmental standards.
In conclusion, the U.S. extrusion press equipment market is poised for continued growth, driven by technological innovations and increasing applications across diverse industries. As the market evolves, addressing the skilled labor shortage and embracing sustainable practices will be pivotal in maintaining this upward trajectory.
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SMS
Danieli
UBE
Presezzi Extrusion
Bosch Rexroth
RL Best
TZCO
Shanghai Electric
China National Heavy Machinery
Xinxinke Extrusion
Wuxi Weite Machinery
Cheng Hua Machinery
Dazhou Machinery
Yuen-Sun Machinery
Foshan Jingtai Machinery
World Technology Machinery
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 Global Extrusion Press Equipment Market
Single Screw Extruders
Twin Screw Extruders
Multi-layer Extruders
Film Extruders
Pipe and Profile Extruders
Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polystyrene (PS)
Packaging
Construction
Automotive
Consumer Goods
Medical
Compounding
Co-extrusion
Blown Film Extrusion
Injection Molding
Direct Extrusion
Films and Sheets
Pipes and Tubes
Profiles and Rods
Foams
Specialty Products
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Extrusion Press Equipment 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. Global Extrusion Press Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Extrusion Press Equipment Market, By Type
6. Global Extrusion Press Equipment Market, By Application
7. Global Extrusion Press Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Extrusion Press Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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