Global extruders market to reach USD 12 billion by 2027.
Global extruders market is valued approximately at USD 8.9 billion in 2020 and is anticipated to grow with a healthy growth rate of about 4.4% over the forecast period 2021-2027. Extruders are machines that are used for the production of long continuous products such as tire treads, tubing, wire coverings and others. These machines are also used for the production of various profiles that can be further cut to length. A range of extruders are available such as single-screw, twin-screw and ram extruders. The demand for extruders is expected to be highest in the building & construction sector. Increasing demand for extruded products such as door frames, windows, space frame systems, curtain walling, canopies, roofing & exterior cladding, and arches is driving the extruders demand in the building & construction sector. The global extruders market is being driven by high investment in building & construction industry and growing demand for plastic and metal products. Furthermore, rise in automation will provide new opportunities for the global extruders industry. As per Statista, the total spending in the construction industry across the globe is expected to increase from USD 9.5 trillion in 2014 to approximately USD 19.2 trillion by 2035. Such growth in the construction spending across the globe is expected to increase the demand, adoption and application of extruders in the building and construction sector and hence promote the market growth. However, high initial and maintenance cost of machines may impede market growth over the forecast period of 2021-2027.
The regional analysis of the global extruders market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific accounts for the largest share in terms of market revenue in the global extruders market over the forecast period 2021-2027. Factors such as high economic growth rate, heavy investments across industries such as automotive, infrastructure, oil & gas, chemical, and electronics, expansion of building & construction industry, low cost of production, etc. contribute towards the largest market share of the region in the forecast years.
Major market player included in this report are:
Shibaura Machine Co. Ltd. (Toshiba Machine Co. Ltd)
The Japan Steel Works Ltd.
Kraussmaffei Group Gmbh
Boco Pardubice Machines S.R.O.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Extruder Type:
By End-Use Industry:
Building & Construction
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Extruders Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers