According to a recent market study published by Growth Market Reports, titled, "Global Plastic Welding System Market by product types, by end-use, and by regions: Size, Share, Trends and Opportunity Analysis, 2018-2028", the market was valued at USD 4,148.9 Million in 2020 and is expected to grow at a rate of 3.8% by 2028. The Plastic Welding System market is anticipated to grow significantly during the forecast period. Increasing demand for plastic welding in different industries, technological advancements in plastic welding system, continuous requirement of maintenance and repair of existing applications, and growing usage of metal components of heavy thickness are some of the factors contributing to the market growth.

The global Plastic Welding System market has been segmented into product types, end-use, and regions. In terms of product types, the market is divided into standalone system, and integrated system. Based on end-use, the market is fragmented into automotive, non-woven, medical, electronics, general industrial, food processing, and others. On the basis of regions, the Plastic Welding System market is segmented as North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.

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Manufacturers are offering technologically improved products across industries in order to increase safety, quality, and productivity. Additionally, they are working on technology that aids in the training of operators and reduces training costs for businesses. This is expected to drive the plastic welding system market over the forecast period. Ultrasonic segment is one of the best examples for advancements in technology. Over the forecast period, the demand for ultrasonic welding is likely to be driven by an increase in government attempts to expand industrial facilities by promoting foreign investment in developing nations.

Manufacturing of plastic welding system was affected during the pandemic, due to restrictions and closure of global industries. Inability of several workers to appear onsite affected the manufacturers of plastic welding negatively. Various states permitted essential employees to remain in facilities, whereas other employees were required to discharge their responsibilities from home.

This group of personnel faced a number of new challenges within their remote workplace. Demand for plastic welding systems decreased during the pandemic, due to closure of manufacturing units during the lockdown. Demand declined during the pandemic, due to slowdown in demand from various end-uses, majorly automotive and energy industries. Increasing number of COVID-19 cases led to disruptions in the demand for plastic welding systems. This, in turn, impeded the growth of the market.

Key Takeaways from the Study

  • The plastic welding market is projected to expand at a rapid pace globally, due to rising demand for plastic welding in various industries such as automotive, medical, construction, packaging, aerospace, fabrication, electronics, and others. Additionally, plastic welding is gaining popularity in the healthcare sector during the forecast period.
  • The standalone system segment is expected to dominate the market during the forecast period, due to rising usage of standalone systems in marine infrastructure construction operations, as well as the repairs and maintenance of ports, system components, and nuclear facilities.
  • Rapid industrialization and infrastructural development in emerging nations is expected to fuel the demand for plastic welding systems, due to increased demand for welding methods and consumables, which drives the market during the forecast period.
  • Advancement in robotics resulted in a growth in the usage of robots in the automotive sector for fusing procedures. Various advantages of robotics in terms of improving process scrap, efficiency, quality, and productivity reduction are anticipated to increase the demand for robots in the automotive industry, hence propelling the segment. This, in turn, increases the demand for plastic welding systems in the region.
  • North America holds a significant share of the market during the forecast period, due to rapid advancements in technology and increased consumer awareness for plastic welding systems, which is expected to drive the market in the region during the forecast period.
  • The market in Asia Pacific is predicted to grow rapidly throughout the forecast period, due to the rapid expansion of the automotive sector and high automobile production. Countries such as China are shifting to a consumer-driven economy, which is expected to boost the market in the country.
  • The market in Europe holds a substantial share of the global plastic welding system market during the forecast period, due to the local presence of major players in the region.

Report Scope

Report Metric

Details

Market Value in 2020

USD 4,148.9 Million

Market Growth Rate (from 2021 to 2027)

3.8%

Historical Data

2018 & 2019

Base Year

2020

Forecast Period

2021 – 2028

Market Segments

Product Types, End-Use, and Regions.

Region Scope

North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Key Companies Profiled

Emerson Electric Co., Crystal Electrodynamix Pvt. Ltd, Drader Manufacturing, Dukane Corp, RITMO SPA, CEMAS Elettra S.r.l., Herrmann Ultraschall, Imeco Machines Pvt Ltd, Leister Technologies AG, and Wegener Welding, LLC.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Demand Side: Automotive Industry, Medical Sector, Food Processing Industry, and others.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies. Associations and Industry Bodies: Welding Trade Associations and Institutes, The Association of Welding Products Manufacturers (AWPM), and others.