During the forecast period, the market for extrusion equipment is anticipated to increase at a CAGR of 5.3%. It is anticipated to increase in value from US$ 5,243.7 Million in 2022 to US$ 8,764.6 Million in 2032.
Rising extrusion product demand and quickening manufacturing sector investment are expected to hasten the adoption of extrusion equipment. However, because of the high installation and maintenance costs of this equipment, market growth is probably going to be restrained.
On the other hand, recent technological advancements and regional government initiatives geared toward micro, small, and medium-sized enterprises (MSME) are anticipated to create lucrative market share opportunities.
The production of plastic sheets and pipes is raising the possibility of apprentice vendors in the extrusion equipment market trends. The leading market players also work to achieve market maturity by employing polymers, such as PP, PE, and PVC, strategically to create seamless products, particularly plastic.
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Performance of the North America Extrusion Equipment Market
With a market share of 26.3%, North America is the largest extrusion equipment market. This is due to the region’s expanding manufacturing infrastructure and the high per capita income of the population, particularly in the United States.
The U.S. already possesses established expertise across a variety of end user industries as well as robust distribution and sales networks, which are predicted to increase the size of the extrusion equipment market globally. The growth of the extrusion equipment market is also anticipated to be boosted by the entry of new market participants and OEMs.
Europe Extrusion Equipment Market Will Expand
With a market share of 22.9%, Europe is the second largest extrusion equipment market. This is due to the existence of a developed market for snack foods that offers a sizable consumer base with potential for growth.
Due to the rising demand for various snack product types in this area, manufacturers are forced to source extruded snack products from other parts of the world in order to maintain a steady supply of raw materials. These factors necessitate the use of food extrusion equipment, which is expected to generate novel business opportunities for extrusion equipment manufacturers.
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Key Segments
By Product Type:
- Single Screw Extruders
- Twin Screw Extruders
- Downstream Equipment
- By Load Type:
- Variable
- Hydrostatic
By Press Position:
- Horizontal
- Vertical
By End User:
- Plastic Goods
- Processed Food
- Pharmaceutical
- Non-Conventional Energy
- Construction Materials
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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