The North America extrusion machinery market size is anticipated to reach USD 2.08 billion by 2030 and is anticipated to expand at a CAGR of 3.0% during the forecast period. The demand for extrusion machinery, which is used in processes such as plastic extrusion for manufacturing pipes, profiles, and films, has been fueled by the expansion of industries such as construction, packaging, and automotive in both countries.
The market is characterized by innovations in extrusion machinery, increased adoption of advanced materials for developing it, and a sustained focus on meeting the evolving requirements of diverse industries. In December 2023, KraussMaffei Extrusion GmbH unveiled the recently redesigned ZE 28 BluePower laboratory extruder. This extruder offers enhanced performance, is easily available, and has an appealing price point, with notable improvements in its user-friendliness.
Extrusion machinery has several applications in the production of various consumer goods such as televisions, computers, lighting, refrigerators, music players, ladders, toys, furniture, bottles, sporting goods, pet accessories, and containers. In the past few years, most of the traditional materials such as glass, wood, and metal have been replaced by high-quality plastics, thereby augmenting the demand for plastic extrusion machinery. The above-mentioned factors are projected to drive the demand for North America extrusion machinery over the forecast period.
According to the U.S. International Energy Agency, the implementation of the Inflation Reduction Act (IRA) in the country has led the global electromobility firms to make efforts to enhance their manufacturing presence in the U.S. The leading electric vehicle (EV) and battery manufacturers in the country collectively declared investments worth USD 52 billion in EV supply chains in North America from August 2022 to March 2023, with half of these funds allocated for battery manufacturing and approximately 20% each designated for battery component and EV production in the region. The increasing government efforts and rising investments from automotive manufacturers in the industry are expected to fuel the adoption of extrusion machinery in the U.S. & Canada in the coming years.
Manufacturers of North America extrusion machinery market are adopting several strategies including acquisitions, mergers, joint ventures, new product launches, and geographical expansion to enhance market penetration and cater to changing technological demands from various end-use applications such as residential, commercial, and industrial. For instance, in May 2023, Johnson Controls introduced the ‘Johnson Controls Ducted Systems (DS) Solutions App’ to expand their collection of commercial and residential contractor resources. The application is free and offers instant access to information regarding residential and commercial equipment to contractors, thus helping streamline the installation, troubleshooting, and maintenance processes.
The market is characterized by innovations in extrusion machinery, increased adoption of advanced materials for developing it, and a sustained focus on meeting the evolving requirements of diverse industries. In December 2023, KraussMaffei Extrusion GmbH unveiled the recently redesigned ZE 28 BluePower laboratory extruder. This extruder offers enhanced performance, is easily available, and has an appealing price point, with notable improvements in its user-friendliness.
Extrusion machinery has several applications in the production of various consumer goods such as televisions, computers, lighting, refrigerators, music players, ladders, toys, furniture, bottles, sporting goods, pet accessories, and containers. In the past few years, most of the traditional materials such as glass, wood, and metal have been replaced by high-quality plastics, thereby augmenting the demand for plastic extrusion machinery. The above-mentioned factors are projected to drive the demand for North America extrusion machinery over the forecast period.
According to the U.S. International Energy Agency, the implementation of the Inflation Reduction Act (IRA) in the country has led the global electromobility firms to make efforts to enhance their manufacturing presence in the U.S. The leading electric vehicle (EV) and battery manufacturers in the country collectively declared investments worth USD 52 billion in EV supply chains in North America from August 2022 to March 2023, with half of these funds allocated for battery manufacturing and approximately 20% each designated for battery component and EV production in the region. The increasing government efforts and rising investments from automotive manufacturers in the industry are expected to fuel the adoption of extrusion machinery in the U.S. & Canada in the coming years.
Manufacturers of North America extrusion machinery market are adopting several strategies including acquisitions, mergers, joint ventures, new product launches, and geographical expansion to enhance market penetration and cater to changing technological demands from various end-use applications such as residential, commercial, and industrial. For instance, in May 2023, Johnson Controls introduced the ‘Johnson Controls Ducted Systems (DS) Solutions App’ to expand their collection of commercial and residential contractor resources. The application is free and offers instant access to information regarding residential and commercial equipment to contractors, thus helping streamline the installation, troubleshooting, and maintenance processes.
North America Extrusion Machinery Market Report Highlights
- In 2023, plastics material segment dominated the market, accounting for 76.5% of the total revenue share. Plastics are extensively used in the extrusion process as their molding into complex shapes is easier than metals or ceramics
- The single-screw type segment held the largest share of the U.S. revenue in 2023 as they offer continuous output, are compact, carry out low-noise and easy operations, and are low cost.
- The construction end-use segment led the market in 2023. The growth of the construction industry in North America is increasing the demand for extruded products, including window frames, curtain walls, door frames, roofing & exterior claddings, canopies, space frame systems, and arches. This, in turn, drives the demand for extrusion machinery in this industry in the North America.
- The pipe & profiles application segment led the market in 2023. The increase in the number of construction and infrastructure development projects in both countries is a major contributor to the escalating demand for engineering-grade plastics as it is becoming increasingly popular for manufacturing pipes used in plumbing, irrigation, and construction applications.
- In December 2023, KraussMaffei Extrusion GmbH unveiled the recently redesigned ZE 28 BluePower laboratory extruder. This extruder offers enhanced performance, is easily available, and has an appealing price point, with notable improvements in its user-friendliness.
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. North America Extrusion Machinery Market Variables, Trends & Scope
Chapter 4. North America Extrusion Machinery Market: Material Estimates & Trend Analysis
Chapter 5. North America Extrusion Machinery Market: Type Estimates & Trend Analysis
Chapter 6. North America Extrusion Machinery Market: End-use Estimates & Trend Analysis
Chapter 7. North America Extrusion Machinery Market: Application Estimates & Trend Analysis
Chapter 8. North America Extrusion Machinery Market: Country Estimates & Trend Analysis
Chapter 9. North America Extrusion Machinery Market - Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- KraussMaffei
- Milacron, LLC
- The Japan Steel Works, LTD.
- NFM / Welding Engineers, Inc.
- BC Extrusion Holding GmbH
- Davis Standard
- Extrusion Technik USA, Inc
- Graham Engineering
- Wenger Manufacturing
- AMUT S.P.A.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 125 |
| Published | February 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.7 Billion |
| Forecasted Market Value ( USD | $ 2.08 Billion |
| Compound Annual Growth Rate | 3.0% |
| Regions Covered | North America |
| No. of Companies Mentioned | 10 |
