Product Code: GVR-4-68040-034-9
North America Extrusion Machinery Market Growth & Trends:
The North America extrusion machinery market size is anticipated to reach USD 2,089.1 million by 2030 and is anticipated to expand at a CAGR of 3.0% during the forecast period, according to a new report by Grand View Research, Inc. 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 In the past few years, most of the traditional materials such as glass, wood, and metal have been replaced by high-quality plastics, thereby augmenting the demand for plastic extrusion machinery.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.
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
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. North America Extrusion Machinery Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Concentration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Raw Material Outlook
- 3.3.2. Manufacturing Outlook
- 3.3.3. End-user Outlook
- 3.4. Regulatory Framework
- 3.5. Technology Framework
- 3.6. Impact of Free Trade Agreements
- 3.7. Market Dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Industry Challenges
- 3.7.4. Industry Opportunities
- 3.8. Industry Analysis Tools
- 3.8.1. Porter's Five Forces Analysis
- 3.8.2. Macro-environmental Analysis
- 3.9. Economic Mega Trend Analysis
Chapter 4. North America Extrusion Machinery Market: Material Estimates & Trend Analysis
- 4.1. Material Movement Analysis & Market Share, 2023 & 2030
- 4.2. North America Extrusion Machinery Market Estimates & Forecast, By Material, 2018 to 2030 (USD Million)
- 4.3. Plastics
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. Metal
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.5. Others
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. North America Extrusion Machinery Market: Type Estimates & Trend Analysis
- 5.1. Type Movement Analysis & Market Share, 2023 & 2030
- 5.2. North America Extrusion Machinery Market Estimates & Forecast, By Type, 2018 to 2030 (USD Million)
- 5.3. Single-Screw
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Twin-Screw
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5. Others
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. North America Extrusion Machinery Market: End-use Estimates & Trend Analysis
- 6.1. End-use Movement Analysis & Market Share, 2023 & 2030
- 6.2. North America Extrusion Machinery Market Estimates & Forecast, By End-use, 2018 to 2030 (USD Million)
- 6.3. Construction
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4. Consumer Goods
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5. Automotive
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6. Packaging
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.7. Others
- 6.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. North America Extrusion Machinery Market: Application Estimates & Trend Analysis
- 7.1. Application Movement Analysis & Market Share, 2023 & 2030
- 7.2. North America Extrusion Machinery Market Estimates & Forecast, By Application, 2018 to 2030 (USD Million)
- 7.3. Pipe and Profiles
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4. Compounding
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5. Sheet/Roof
- 7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6. Others
- 7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 8. North America Extrusion Machinery Market: Country Estimates & Trend Analysis
- 8.1. Country Movement Analysis & Market Share, 2023 & 2030
- 8.2. North America
- 8.2.1. North America North America Extrusion Machinery Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 8.2.2. North America North America Extrusion Machinery Market Estimates & Forecast, By Material, 2018 - 2030 (USD Million)
- 8.2.3. North America North America Extrusion Machinery Market Estimates & Forecast, By Type, 2018 - 2030 (USD Million)
- 8.2.4. North America North America Extrusion Machinery Market Estimates & Forecast, By End-use, 2018 - 2030 (USD Million)
- 8.2.5. North America North America Extrusion Machinery Market Estimates & Forecast, By Application, 2018 - 2030 (USD Million)
- 8.2.6. U.S.
- 8.2.6.1. Key country dynamics
- 8.2.6.2. U.S. extrusion machinery market estimates & forecast, 2018 - 2030 (USD Million)
- 8.2.6.3. U.S. extrusion machinery market estimates & forecast, By Material, 2018 - 2030 (USD Million)
- 8.2.6.4. U.S. extrusion machinery market estimates & forecast, By Type, 2018 - 2030 (USD Million)
- 8.2.6.5. U.S. extrusion machinery market estimates & forecast, By End-use, 2018 - 2030 (USD Million)
- 8.2.6.6. U.S. extrusion machinery market estimates & forecast, By Application, 2018 - 2030 (USD Million)
- 8.2.7. Canada
- 8.2.7.1. Key country dynamics
- 8.2.7.2. Canada extrusion machinery market estimates & forecast, 2018 - 2030 (USD Million)
- 8.2.7.3. Canada extrusion machinery market estimates & forecast, By Material, 2018 - 2030 (USD Million)
- 8.2.7.4. Canada extrusion machinery market estimates & forecast, By Type, 2018 - 2030 (USD Million)
- 8.2.7.5. Canada extrusion machinery market estimates & forecast, By End-use, 2018 - 2030 (USD Million)
- 8.2.7.6. Canada extrusion machinery market estimates & forecast, By Application, 2018 - 2030 (USD Million)
- 8.2.8. Mexico
- 8.2.8.1. Key country dynamics
- 8.2.8.2. Mexico extrusion machinery market estimates & forecast, 2018 - 2030 (USD Million)
- 8.2.8.3. Mexico extrusion machinery market estimates & forecast, By Material, 2018 - 2030 (USD Million)
- 8.2.8.4. Mexico extrusion machinery market estimates & forecast, By Type, 2018 - 2030 (USD Million)
- 8.2.8.5. Mexico extrusion machinery market estimates & forecast, By End-use, 2018 - 2030 (USD Million)
- 8.2.8.6. Mexico extrusion machinery market estimates & forecast, By Application, 2018 - 2030 (USD Million)
Chapter 9. North America Extrusion Machinery Market - Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Share Analysis, 2023
- 9.4. Company Market Positioning
- 9.5. Competitive Dashboard Analysis
- 9.6. Company Heat Map Analysis, 2023
- 9.7. Strategy Mapping
- 9.7.1. Expansion
- 9.7.2. Mergers & Acquisition
- 9.7.3. Partnerships & Collaborations
- 9.7.4. New Product Launches
- 9.7.5. Research And Development
- 9.8. Company Profiles
- 9.8.1. KraussMaffei
- 9.8.1.1. Participant's overview
- 9.8.1.2. Financial performance
- 9.8.1.3. Product benchmarking
- 9.8.1.4. Recent developments
- 9.8.2. Milacron, LLC
- 9.8.2.1. Participant's overview
- 9.8.2.2. Financial performance
- 9.8.2.3. Product benchmarking
- 9.8.2.4. Recent developments
- 9.8.3. The Japan Steel Works, LTD.
- 9.8.3.1. Participant's overview
- 9.8.3.2. Financial performance
- 9.8.3.3. Product benchmarking
- 9.8.3.4. Recent developments
- 9.8.4. NFM / Welding Engineers, Inc.
- 9.8.4.1. Participant's overview
- 9.8.4.2. Financial performance
- 9.8.4.3. Product benchmarking
- 9.8.4.4. Recent developments
- 9.8.5. BC Extrusion Holding GmbH
- 9.8.5.1. Participant's overview
- 9.8.5.2. Financial performance
- 9.8.5.3. Product benchmarking
- 9.8.5.4. Recent developments
- 9.8.6. Davis Standard
- 9.8.6.1. Participant's overview
- 9.8.6.2. Financial performance
- 9.8.6.3. Product benchmarking
- 9.8.6.4. Recent developments
- 9.8.7. Extrusion Technik USA, Inc
- 9.8.7.1. Participant's overview
- 9.8.7.2. Financial performance
- 9.8.7.3. Product benchmarking
- 9.8.7.4. Recent developments
- 9.8.8. Graham Engineering
- 9.8.8.1. Participant's overview
- 9.8.8.2. Financial performance
- 9.8.8.3. Product benchmarking
- 9.8.8.4. Recent developments
- 9.8.9. Wenger Manufacturing
- 9.8.9.1. Participant's overview
- 9.8.9.2. Financial performance
- 9.8.9.3. Product benchmarking
- 9.8.9.4. Recent developments
- 9.8.10. AMUT S.P.A.
- 9.8.10.1. Participant's overview
- 9.8.10.2. Financial performance
- 9.8.10.3. Product benchmarking
- 9.8.10.4. Recent developments