According to a new market research report published by Credence Research“Plastic Welding Equipment Market (Electric
Socket, Ultrasonic, Hot Plate, Spin, Hot Gas, Extrusion, Injection,
High Frequency, Laser and Others (Induction, Solvent etc.)) - Growth,
Share, Opportunities, Competitive Analysis and Forecast 2016 - 2023”,the
global plastic welding equipmentmarket is estimated to expand from US$
3.96 Bn in 2015 to reach US$ 5.50 Bn by 2023.
The complete report is available at http://www.credenceresearch.com/report/plastic-welding-equipment-market
Market Insights
Plastic welding refers to a process used
to join two or more thermoplastic materials (typically semi-finished
products) during manufacturing of a given product. The process primarily
comprises three steps viz. pressing, heating and cooling. The plastic
welding equipment market is majorly driven by the strong demand for
plastics across the country. Increasing use of plastic materials across
different applications has led to emergence of a strong plastics
manufacturing worldwide. Plastic materials have replaced several
conventional materials such as steel, wood, glass and others in a wide
range of applications ranging from household products to utility
infrastructure. Subsequently, it has become essential for manufacturers
to provide plastic items that have robust strength and longer life. With
further anticipated dominance of plastic materials across various
applications, the demand for related plastic welding is estimated to
remain strong during the forecast period 2016 - 2023.
Competitive Insights:
The increase in the number of
manufacturers and distributors across the globe has ensured a highly
competitive market where most manufacturers are struggling to gain
meaningful differentiation.The overall market is quite fragmented in
nature with existence of several regional players in the market. Emerson
Electric Co., Dukane Corporation, Leister Technologies AGand CEMAS
Elettra are identified as the leading plastic players operating in the
U.S. plastic welding equipment market. Manufacturers including RITMO
S.p.A., bielomatikLeuze GmbH + Co. KG, DRADER Manufacturing and Herrmann
Ultrasonic are marked as promising and emerging players on account of
their strengthening presence across the globe and aggressive product
development strategy. Relative low market presence and slow market
growth in recent years make 3Axis Development and Seelye Acquisitions
laggards and niche players.
Key Trends:
- Enhancement of service portfolio including after sales service, training and workshops
- Strengthening global sales channel in order to maintain and expand the sales
- Focus on specific applications
- Product enhancement with newer and cleaner welding technology
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Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com
Ph.: 1-800-361-8290
Website: http://www.credenceresearch.com
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