Plastic Welding Equipment Market Outlook 2031
The Global Plastic Welding Equipment Market was estimated at USD 1,536.9 Million in 2022 and is anticipated to reach USD 2,638.7 Million by 2031, expanding at a CAGR of 6.4% during the forecast period, 2023-2031.
Plastic welding equipment is a type of equipment used for joining two or more pieces of plastic together using heat, pressure, and cooling. Plastic welding equipment is a type of equipment used for joining two or more pieces of plastic together using heat, pressure, and cooling. In plastic welding process, two parts are organized and then pressed together at the planned joins.
It can be done with the help of many equipments such as guns, ultrasonic welding equipment, hot rod welders, radio frequency, irons, dielectric welders, and hot plate welders. This plastic welding equipment also offer various frictional or specialty processes, including friction welding, ultrasonic welding, gas torch brazing, hot rod or iron welding, and laser welding.
Macro-economic Factors
Industrialization
Industrialization refers to the process of shift from agriculture-centered economy to manufacturing. Plastic welding equipment is projected to be in high demand in the coming years, due to rapid industrialization across the globe. Leading companies are focusing their efforts on improving welding equipment in order to make it dependable, durable, and affordable.
This is expected to increase the sales of plastic welding equipment. The welding business has seen considerable highs and lows over the last few decades. However, it is now expected to expand significantly since COVID-19, due to new growing markets and technologies that change the industry. The influence of welding on the metalworking sector is quantified in terms of the value of components produced by welding, the amount of money saved by using welding instead of other metal fabrication methods, and the value of goods made conceivable by welding.
Inflation
Inflation refers to the rate of prices increasing over a certain period of time and decreasing purchasing power for both consumers and businesses. Inflation plays an essential role in every industry and has a significant role in the plastic welding equipment market. It affects the price of the equipment, debt, and overall operations. These equipment are becoming an important part of the plastic industry. Thus, inflation affects the price and the global market growth significantly.
Economic Growth
Economic growth refers to an increase in the level of economic activity in a country or region over time. It is measured by growth in gross domestic product (GDP). Economic growth is a crucial macroeconomic aspect that has a substantial impact on the plastic welding equipment market. Growing plastic usage in different industries is increasing the demand for plastic welding equipment in developing economies.
A growing economy often results in the expansion and investment of firms in new projects, which increases the demand for fast and efficient equipment, thereby influencing the demand for plastic welding equipment. According to the Asian Development Bank, the gross domestic product (GDP) growth of India is expected to reach 6.4% in fiscal year (FY) 2023 ending on 31 March 2024, and rise to 6.7% in FY2024.
It is driven by private investment and private consumption on the back of government policies to improve logistics, transport infrastructure, and the business ecosystem.
Research and Development
Research and development (R&D) is used to define a sequence of activities that companies take on to revolutionize and introduce new products and services. R&D is the initial stage in the product development process. Companies require basic knowledge and investment in order to fulfil their research and development needs as well as goals.
Manufacturing-related research and development includes improvements/enhancements in existing methods or introducing new processes, machines, or whole systems. Research and development of a machine requires proper development, testing, and adoption of new materials that provide enhanced quality and efficiency to the end product.
Manufacturers of plastic welding equipment are continuously developing and innovating the products to make them efficient. Moreover, the demand for efficient welding equipment increases, as the technology advances in terms of robots and other machines. This, in turn, encourages the manufacturers to manufacture new and innovative products.
Plastic Welding Equipment Market Dynamics
Market Driver- Increasing Technological Advancements
Traditional plastic welding methods such as ultrasonic welding, hot plate welding, and solvent bonding are being improved with new techniques. Laser welding is one of the emerging welding method, offering precise and efficient bonding of plastic components. Additionally, advancements in infrared and induction welding techniques are improving the speed and quality of plastic welding processes.
The integration of automation, data exchange, and artificial intelligence is revolutionizing the manufacturing landscape. In plastic welding, Industry 4.0 technologies are streamlining production processes, optimizing quality control, and enabling real-time monitoring of manufacturing operations.
Smart sensors, robotics, and data analytics are being employed to enhance efficiency, productivity, and overall performance. Therefore, new techniques and technological changes are expected to drive the market for plastic welding equipment during the forecast period.
Market Driver- Increasing DIY Projects
The process of building, altering, or repairing items on one's own without the direct assistance of professionals or licensed experts is known as do-it-yourself or DIY. Recently, there has been an increasing trend of DIY projects for house. Many people are spending on buying tools necessary for house repair and maintenance.
According to a number of consumer surveys conducted by The Farnsworth Group and the Home Improvement Research Institute (HIRI), at the beginning of the COVID-19 pandemic, more than 60% of homeowners said they had recently begun a do-it-yourself project involving replacement, repair, or remodeling. By early June 2020, that percentage had increased to nearly 80%.
Plastic welding equipment are used by many people to repair broken plastic. Many beginners use low cost and easy operational equipment to repair plastic. Thus, increasing DIY project are expected to increase the demand for plastic welding equipment in the coming years.
Market Restraints- High Cost Associated with Plastic Welding Equipment
The use of plastic welding machines has certain disadvantages. These machines cause major harm or even injury when not utilized correctly. They require a certain amount of competence to operate. Some plastic welding machines are very costly, which is one of their main drawbacks. Furthermore, the use of heat to fuse plastics together results in the production of hazardous vapors from these devices, which necessitate proper ventilation to ensure operator safety.
The cost of consumables for the welding machine such as welding rods and gas mount up through the time. Furthermore, the cost of plastic welding machines increase, due to the need for maintenance and upkeep. These elements are limiting the expansion of the plastic welding equipment market.
Market Opportunity- New Plastic Welding Techniques
Many research and development activities are happening to improve the exiting plastic welding techniques as well as create a new plastic welding techniques to provide efficiency and ease. For example, a novel plastic welding method, Pinweld, uses a small, light, low-energy, and self-regulating tool to fuse plastic parts together.
Its method of precisely heating the interface between two plastic components is less intrusive than other current methods, which sometimes require costly heating mechanisms and large equipment. Pinweld was first created to join flat sheets, and it has been successful in achieving joint strengths for a variety of plastic materials that are nearly as strong as the parent material.
Many other innovations are happening in the exiting techniques such as creating an improved version of ultrasonic welding machine for medical devices, creating opportunities of the market growth.
Scope of The Plastic Welding Equipment Market Report
The report on the global Plastic Welding Equipment Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Plastic Welding Equipment Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016 to 2021
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Forecast Period
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2023–2031
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Segmentation
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By Type (Laser Welding, Ultrasonic Welding, Hot Gas Welding, Vibration Welding, And Others), By Product Type (automatic, Semi-Automatic, And Manual), By Portability (Portable And Stationary), By End Use Industry (Automotive, Electronics, Medical, Packaging & Logistics, Technical Textile, Marine, Aerospace, And Others), By Distribution Channel (Online And Offline)
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered
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CEMAS Elettra S.r.l., Coherent Corp., Drader Manufacturing, Dukane Corp., Emerson Electric Co., Herrmann Ultraschall, Jiayuanda Technology, Johnson Plastosonic Ltd., C Knmtech Ultrasonics, Leister AG, Nippon Avionics Co.,Ltd., RITMO S. p. A, and others
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Plastic Welding Equipment Market Segmental Outlook
On the basis of types, the Plastic Welding Equipment market is divided into laser welding, ultrasonic welding, hot gas welding, vibration welding, and others.
The ultrasonic welding segment held 29.6% value share of the market in 2022. Ultrasonic welding machines vibrate extremely quickly, creating heat and molecular friction. Multiple ultrasonic tools called stacks are frequently utilized to weld several tiny components onto a large part, such as ports and brackets onto an engine.
The laser welding segment is anticipated to expand at a CAGR of 7.1% during the forecast period. Laser welds offer high-quality cleanliness in the procedure. They typically require no further grinding, which significantly lowers the cost of post-processing. Moreover, lasers have a faster welding speed than conventional methods.
Based on product type, the Plastic Welding Equipment market is segregated into automatic, semi-automatic, and manual.
The manual plastic welding segment held 36.3% value share of the market in 2022. The segment is projected to account for a large share of the market during the forecast period. Manual plastic welding machines are a cost-effective and flexible solution for joining plastic materials. They are portable and require only basic skills to achieve repeatable results.
The automatic segment is anticipated to expand at a CAGR of 7.1% during the forecast period. Automatic welding machine precisely controls the welding parameters such as temperature, pressure, and timing, which results in consistent and high-quality welds.
Based on portability, the Plastic Welding Equipment market is segmented into portable and stationary.
The stationary segment held 63.2% value share of the market in 2022. This equipment completes complex joining tasks quickly and easily with minimal effort on the operator’s part. Furthermore, it is incredibly accurate when joining pieces together.
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.
On the basis of End Use Industry, the global Plastic Welding Equipment market is bifurcated into OEM and aftermarket.
The, automotive segment held 25.7% value share of the 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.
The medical segment is expected to be valued at USD 450.5 million in 2031. The usage of plastic welding equipment in medical devices, including the creation of implants and devices for medical and orthopedic industries, drives the market.
On the basis of distribution channel, the global Plastic Welding Equipment market is bifurcated 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.
The offline segment held 62.0% market share in 2022. Offline stores have trained staff who knows detailed information about the product and is able to solve customer queries. Moreover, if consumers require the equipment immediately, they are able to purchase it in a store and take home immediately for use.
Regional Outlook
Based on regions, the market is separated into five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in North America held a significant share of the market during the forecast period.
Asia Pacific segment held 36.6% value share of the market in 2022. Manufacturing industries in Asian countries use plastic welding to boost productivity. For example, plastic welding is commonly used in the electronics and medical industries. In the electronic industry, plastic welding equipment is widely used for welding electronic products such as digital meters, chargers, and USB.
Similarly, plastics' joining is used widely in medical applications for products ranging from tablet packs and sterile dressing packages to intravenous fluid bags and device packages. These factors raise the demand for plastic welding equipment in the region.
The Plastic Welding Equipment market in North America is expected to grow at 6.5% CAGR during the forecast period. Various manufacturers across various industries in North America are increasingly investing in industrial automation and manufacturing processes. This raises the demand for plastic welding equipment. Similarly, as there is high usage of plastic products in automotive and aerospace, the demand for plastic welding equipment is rising in the region.
Key Developments
On May 31, 2023, Coherent Corp. launched HIGHtactile, a new laser welding head with tactile seam-tracking technology that suitable for electric vehicle (EV) manufacturing applications. The growing demand for EVs is expanding applications for lasers in automotive manufacturing, spurring innovations in process automation and improvements in laser usability.
The new product is easily configurable to perform highly automated fillet welding and brazing. HIGHtactile is extremely user-friendly, due to its wide range of embedded sensors that streamline almost every functional aspect of the welding head. The sensors improve process learning and enable fast laser processing. It is configured to maximize performance for specific applications such as brazing steel or welding aluminum and steel.
On May 29, 2020, Nippon Avionics Co.,Ltd. introduced the HW-D series Ultrasonic Handheld Welder. This tool is capable of performing various oscillation modes, making it ideal for different applications. It is used for both manual operation and automated systems.
This model welds fine bosses or crimp plastic ribs that are difficult to handle. It offers optimal welding capabilities for a range of applications, including welding and crimping of automobile interior trim, plastic crimping in electronic assembly, welding of unwoven cloth (such as masks), and even cutting of rubber.
Key Benefits for Industry Participants & Stakeholders
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In-depth Analysis of the Global Plastic Welding Equipment Market
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Historical, Current and Projected Market Size in terms of Value
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Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
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Industry Drivers, Restraints, and Opportunities Covered in the Study
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Recent Industry Trends and Developments
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Competitive Landscape & Strategies of Key Players
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Neutral Perspective on Global Plastic Welding Equipment Market Performance
Segments
By Type
- Laser Welding
- Ultrasonic Welding
- Hot Gas Welding
- Vibration Welding
- Others
By Product Type
- Automatic
- Semi-Automatic
- Manual
By Portability
By End Use Industry
- Automotive
- Electronics
- Medical
- Packaging & Logistics
- Technical Textile
- Marine
- Aerospace
- Others
By Distribution Channel
- Online
- Company Owned Website
- Ecommerce Website
- Offline
- Hyper Market / Super Market
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Market Players Profiled in the Report
- CEMAS Elettra S.r.l.
- Coherent Corp.
- Drader Manufacturing
- Dukane Corp.
- Emerson Electric Co.
- Herrmann Ultraschall
- Jiayuanda Technology
- Johnson Plastosonic Ltd.
- RITMO S. p. A
Competitive Landscape
Manufacturers operating in the global Plastic Welding Equipment Market include CEMAS Elettra S.r.l., Coherent Corp., Drader Manufacturing, Dukane Corp., Emerson Electric Co., Herrmann Ultraschall, Jiayuanda Technology, Johnson Plastosonic Ltd., C Knmtech Ultrasonics, Leister AG, Nippon Avionics Co.,Ltd., RITMO S. p. A, and others.
Market Players are pursuing key strategies such as acquisitions, collaborations, and geographic expansion where a potential opportunity arises for the Plastic Welding Equipment Market.
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