Global Tape Stretching Line Market is valued approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2021-2027. The tape stretching lines are used to manufacture bundles of tape of desired size. The tapes manufactured are used in several industries like textiles, chemical, construction, agriculture among others. In construction industry it is used as packaging for cement and sand. Growing Construction industry and rising automation in manufacturing processes are key drivers for the growth of Tape Stretching Line market. According to The Institution of Civil Engineers (ICE) Global Construction 2030 report – the volume of global construction output will grow by 42% (from approx. USD 10.7 trillion in 2019) to USD 15.5 trillion worldwide by 2030. The growth would be led by mainly three countries – China, US and India. The three countries would account for 57% of all global growth. The Indian Construction market will grow almost twice as fast as China to 2030. India’s urban population is expected to grow by 165 million by 2030, swelling population of New Delhi by 10.4 million to become the world’s second largest city. Also, with the increasing adoption from end use industries, the application & demand of Tape Stretching Line is likely to increase the market growth during the forecast period. However, rising concern over growing plastic waste impedes the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Tape Stretching Line market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to increasing demand for the end-use applications and availability of cheap labor in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such as increasing demand for the product and rising infrastructure development industry in the region would create lucrative growth prospects for the Tape Stretching Line market across Asia-Pacific region.
Major market player included in this report are:
Signode Industrial Group
Windm?ller & H?lscher Group
STC Spinnzwirn GmbH
Exzakta Meccanica Limited
J P Extrusiontech (Pvt) Ltd.
Zhejiang Nanyi Plastic Machinery Co.Ltd.
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:
Below 350 kg/hour
350 to 700 kg/hour
Above 700 kg/hour
By End Use Industries:
Others (Textile, Furniture)
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 Tape Stretching Line Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers