Plastic Welding Equipment Market Anticipated to Reach US$ 2,638.7 Million by 2031

According to a recent market study published by Growth Market Reports, titled, “Plastic Welding Equipment Market by Type, by Product Type, by Portability, by End Use Industry, by Distribution Channel and by Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 1,536.9 Million in 2022 and is anticipated to grow at a growth rate of 6.4% by the year 2031.

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Plastic welding is a process that involves joining two compatible thermoplastic parts. The two parts are prepared and then pressed together at the proposed joints. Then, they are heated using various heating techniques. This process requires different types of equipment such as ultrasonic welding equipment, guns, irons, radio frequency, dielectric welders, hot rod welders, and hot plate welders to join thermoplastic materials. Some of the equipment such as torches, irons, or plastic welder guns produce a point-source of heat, which melts the solder or filler alloys at the joint or interface. The plastic welding equipment such as gas burning, oxyfuel, and plasma torches are also used in brazing and welding applications. The monitors or controllers are used to sense joint quality such as size or integrity, gap, position, or output power supply variations. Similarly, controllers for plastic welders are used to adjust parameters to compensate for variations in joint quality or output power.

The Plastic Welding Equipment Market has been fragmented based on by Type, by Product Type, by Portability, by End Use Industry and by Distribution Channel. By Type, the Plastic Welding Equipment Market is categorized as laser welding, ultrasonic welding, hot gas welding, vibration welding, and others. In terms of Product Type, the market is categorized as automatic, semi-automatic, and manual. Based on Portability, the Plastic Welding Equipment Market is categorized into portable and stationary. On the basis of end-use industry, market is segmented into automotive, electronics, medical, packaging & logistics, technical textile, marine, aerospace, and others. On the basis of distribution channel, market is segmented into online and offline. Based on the region, market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Key factors that are anticipated to fuel the demand for Plastic Welding Equipment Market during the forecast period are the rising demand for lightweight and durable materials from several industries. The numerous applications in sectors, such as automotive, packaging, and electronics, promise significant growth potential. The technological advancements in this plastic welding, from ultrasonic welding to hot gas welding, are making these solutions efficient and versatile.

The outbreak of Coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. Plastic welding equipment manufacturers faced operational challenges, due to lockdowns, social distancing, and workforce disruptions. These factors have reduced the production output. The outbreak was an unsurpassed public health emergency that affected almost every industry. The long-term effects of the pandemic are expected to hamper various industries during the forecast period, especially across the US and countries across Eastern Europe, European Union, and Eastern & Central Asia. The pandemic disrupted the global supply chain, including the availability of raw materials for plastic welding equipment manufacturing. Restrictions on transportation, closure of manufacturing facilities, and reduced workforce resulted in delays as well as shortages of raw materials, which restrained the overall production capacity of plastic welding equipment. The global economic slowdown caused by the pandemic has reduced the demand for plastic welding equipments from several industries. Lockdown and shutdown caused the reduction in the production in numerous industries such as automotive, aerospace, marine, and others. Thus, the demand for plastic welding equipment decreased from the end use industries. COVID-19 has caused decrease in the plastic production, use, and waste. Plastic use decreased in several sectors such as motor vehicles, trade, and construction, due to the reduction in the demand and output. Global plastic use in 2020 is estimated to have declined in by around 10 million tones (Mt) or 2.2%. This causes a decline in the demand for the plastic welding equipment.

As per Growth Market Reports industry analyst Partha Paul, “The growth of the Plastic Welding Equipment Market is attributed to increasing demand for plastics from end use industries. Plastics are made from natural materials such as coal, natural gas, crude oil, and cellulose through a polycondensation or polymerization process. Plastics are versatile materials that are used in various end use industries. Plastics help preserve food, insulate constructions, use electronics, and make vehicles fuel-efficient, and others. In electronics industry, plastic welding equipment is used to form printed circuit board, connectors, switches, and others. The use of plastic welding equipment also increases, as the demand for plastics increases from end use industries. This is expected to drive the market during the forecast period.

A supply chain is a network of companies, suppliers, manufacturers, and distributors involved in the creation and sale of a product to the final buyers. This network includes different activities, information, entities, people, and resources. Raw materials used for manufacturing plastic welding equipment, such as guns, torches, welders, and others, include stainless steel, iron, alloy, aluminum, and others are shipped to manufacturers. Plastic welding equipment manufacturing is accomplished by converting raw material into final product through different processes that depend on the type of product. Distributors store finished products in large inventories and are mediators in the supply chain. These local distributors sell products to their customers.

Key Takeaways from the Study:

• The players in the Plastic Welding Equipment Market include Coherent Corp., Emerson Electric Co., CEMAS Elettra S.r.l., Dukane Corp., and others held a major market share of the Plastic Welding Equipment Market in the year 2022.

• Based on Type, the Plastic Welding Equipment Market is categorized into laser welding, ultrasonic welding, hot gas welding, vibration welding, and others. The ultrasonic welding segment is anticipated to expand at a CAGR of 6.1% in the coming years. Ultrasonic technology offers significant advantages over existing joining and separating techniques, including increased efficiency and potential for future development.

• Based on Product Type, the Plastic Welding Equipment Market is categorized into automatic, semi-automatic, and manual. The manual segments held 36.3% market share in 2022. Manual plastic welding equipment are typically light-weight and compact, making them most cost-effective option as compared to others. These types of equipment are portable, affordable, versatile, and have ease of maintenance, making them a suitable option for the various end users.

• Based on the Portability, the Plastic Welding Equipment Market is categorized into portable and stationary. The portable segment is anticipated to expand at a CAGR of 6.8% during the forecast period. This is attributed to the use of portable welding machines for completing minor and major welding projects. They are highly versatile and are used for industrial and commercial purposes.

• Based on End Use Industry, the Plastic Welding Equipment Market is categorized into automotive, electronics, medical, packaging & logistics, technical textile, marine, aerospace, and others. The automotive segment held 25.7% share of the global plastic welding equipment market in 2022. Plastic welding is a technique that has grown significantly within the automobile industry in recent years. It has a wide range of applications, from sensors for controlling various components and tanks for oil, gasoline, or water, to interior and exterior uses.

• Based on Distribution Channel, the Plastic Welding Equipment Market is categorized into online and offline. The online segment is anticipated to expand at a CAGR of 7.0% during the forecast period. Online market channel reaches a wider audience irrespective of geographical boundaries than the other channels. Furthermore, customers are able to compare prices and product of different distributors/retailers through the online channel.

• In terms of regions, the Plastic Welding Equipment Market markets are divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The market in Asia Pacific is projected to expand at a CAGR of 6.9% during the forecast period, owing to the increasing demand for plastic welding equipment from emerging industries like automotive, consumer electronics, and other growing industries in this region. Countries such as China, Japan, South Korea, and many others are strongly focusing on the usage of plastic welding techniques to increase productivity. This drives the growth of the plastic welding market in the region.

Report Scope:

Target Audience:

• Supply-side: Manufacturer and distributors.

• Demand Side: Automotive industry; Electronics industry; Medical Industry, and Others.

• Regulatory Side: Concerned government authorities, and other approval regulatory bodies.

• Associations and Industry Bodies: International Organization For Standardization, Uni-italian National Plastics Standards Body