Segments - Global Plastic Welding System Market by Product Types (Standalone System, and Integrated System), End-Use (Automotive, Non-Woven, Medical, Electronics, General Industrial, Food Processing, and Others), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021– 2027
The global plastic welding system market was valued at USD 4,148.9 Mn in 2020, and is projected to reach USD 5,550.6 Mn by 2027, expanding at a CAGR of 3.8% during the forecast period 2021-2027. The technique of forming a molecular link between two suitable thermoplastics is known as plastic welding.
Welding provides high strength while shortening cycle times. Mechanical considerations such as force application and cooling allowances differ in different machines within the vast process category.
Plastic comes in a variety of forms and is utilized in a variety of industries, including automotive, medical, construction, packaging, aerospace, fabrication, electronics, and others. Plastic welding is extremely strong when done correctly.
Rising demand for plastic welding is attributed to technological improvements and growing use of modern equipment in construction and other industries across the globe.
The market has grown significantly in recent years as a result of increased demand for plastic welding in industries such as automotive, medical, construction, packaging, aerospace, fabrication, electronics, and others. Apart from automobile sector, plastic welding is also making a good business in healthcare industry which is the most grooming sector now a days.
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.
Demand for plastic welding is expected to rise as a result of technological improvements and growing use of modern equipment in construction and industries around the world. Additionally, the continuous requirement of maintenance and repair of existing applications to ensure optimal operations across a variety of end-use sectors is anticipated to drive the demand for this equipment throughout the projection period.
Increased scope and complexity of projects in construction and industrial sectors, as well as the growing usage of metal components of heavy thickness and sophisticated high-strength polymers, are projected to boost the demand for modern welding systems. This is expected to drive the demand for the plastic welding system in the forecast period.
Usage of plastics contributes to pollution, as it does not degrade after usage. Governments in a variety of countries are taking efforts and enacting new legislations prohibiting the use of plastic to combat plastic pollution. This is a significant element that is expected to have a detrimental impact on revenue growth of the market.
Slow growth of the aerospace industries and shipbuilding in numerous locations over the last several years is expected to have an immediate detrimental impact on the global demand for this system. Plastic welding requires very expensive assembly equipment, that is why customers prefers snap fits. Snap fits are reasonable compare to plastic welding equipment.
Snap fittings, like mechanical fasteners, can be opened and resealed several times. Welds are unable to do so.
The healthcare sector and automotive sector provides opportunities for the players in the global plastic welding market, as demand for improved joining and assembly technologies is expected to rise, particularly in these two industries. Improvement of healthcare facilities and rapidly rising healthcare expenditure by individuals are driving the demand for plastic welding systems.
Advent of technologies such as remote control, Computer-Aided Design (CAD), and artificial intelligence leads to the development of smart and efficient robotic welding systems, which is predicted to create new potential for plastic welding systems around the world.
In terms of product types, the global plastic welding system market is segmented into standalone system, and integrated system.
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.
A standalone system runs independently of an electric transmission and distribution network or is not connected to one. This is in contrast to a system that is connected to the grid.
Based on end-use, the global plastic welding system market is classified into automotive, non-woven, medical, electronics, general industrial, food processing, and others. Increasing demand for tools and robotics by the automotive industry is attributed to the global demand for cars.
Hence, demand for plastic welding equipment is expected to expand 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.
On the basis of regions, the market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). 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.
Increasing demand for tools and robotics by the automotive industry in the US is attributed to the global demand for cars. As a result, demand for plastic welding equipment is expected to rise during the forecast period.
The market in this region is expected to be boosted by rising economic growth and governmental policies in the US and Canada, which are aimed at streamlining the customs system and existing projects.
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. Presence of multinational vehicle manufacturers such as Mercedes, Volkswagen, and BMW ensure a large production volume every year, ensuring the rising demand for plastic welding systems in the region.
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.
Rising usage of electronic socket welding in marine infrastructure construction operations, as well as the repairs and maintenance of ports, system components, and nuclear facilities, leads to the growth of the segment in countries such as Saudi Arabia and UAE.
Major Manufactures include 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.
The base year considered for the plastic welding system market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years, and the forecast is provided from 2021 to 2028.
The market is expected to witness sluggish growth with slow increase in terms of demand during 2019-2020 owing to the negative impact of COVID-19 pandemic on the plastic welding system market.
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.
The plastic welding system market is anticipated to grow significantly during forecast period owing 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.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
In addition to market size (in USD Million) and Company Market Share (in % for base year 2020), other data such Macro-economic factors, COVID-19 Impact on the plastic welding system market is available in final report.
According to this Growth Market Reports, the market from plastic welding system market is likely to register a CAGR of XX% during period 2021-2028, with an anticipated valuation of USD XX million by the end of the 2028.
Yes, the report covers various plastic welding system market by food processing industries, automotive, medical, and others.
Additional company profiles can be provided on request.