According to a new market research report published by Credence Research“U.S. Plastic Welding Equipment Market (Electric Socket, Ultrasonic, Hot Plate, Spin, Hot Gas, Extrusion, Injection, High Frequency, Laser and Others (Induction, Solvent etc.)) – Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 – 2023”,theplastic welding equipmentmarket in the U.S. is estimated to reach US$ 839.3Mn by 2023 from US$ 595.3 Mn in 2015, expanding with a CAGR of 4.4% during the forecast period.
Browse the complete report U.S. Plastic Welding Equipment Market – Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 – 2023) at https://www.credenceresearch.com/report/u-s-plastic-welding-equipment-market
Market Insights
The plastic welding equipment market in the U.S. is majorly driven by the huge plastics manufacturing industry in the country. Plastics manufacturing industry account for the third largest sector of the overall manufacturing industry of the U.S. The country possesses more than 16,000 plastic manufacturing facilities spread across the entire nation. This makes U.S. a lucrative destination for plastics manufacturing and related equipment. The overall plastics manufacturing industry is largely driven by industry verticals such as transportation, healthcare, packaging, consumer electronics and others. Since the U.S. enjoys strong presence of the aforementioned industry verticals, the demand for related manufacturing equipment (including plastic welding machines) is projected to remain strong throughout the forecast period.
Competitive Insights:
Similar to the overall plastic welding equipment market worldwide, the U.S. market too is quite competitive in nature. There are significant number of players operating in the market with majority of them substantially dependent upon the nation/North America. Apart from the regional players, presence of several international players can be observed in the country, majorly due to strong plastics manufacturing industry here. Emerson Electric Co., Dukane Corporation, Leister Technologies AG and CEMAS Elettra are among the leading plastic players operating in the U.S. plastic welding equipment market. Apart from these, manufacturerssuch as RITMO S.p.A., DRADER Manufacturing and Herrmann Ultrasonic too are prominent players in the U.S. market. These players focus on providing plastic welding equipment suitable for specific applications such as healthcare, roofing and automotive.
Key Trends:
- Enhancement of service portfolio including after sales service, training and workshops
- Strengthening global sales channel in order to maintain and expand the sales
- Focus on specific applications
- Product enhancement with newer and cleaner welding technology