The Industrial Laminating Machines Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Industrial Laminating Machines Global Market Report 2024, The industrial laminating machines market size has grown strongly in recent years. It will grow from $493.04 billion in 2023 to $521.41 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increasing demand for packaging solutions, globalization and international trade, diverse application industries, environmental regulations, cost-effective production.
The industrial laminating machines market size is expected to see strong growth in the next few years. It will grow to $634.72 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to rising demand for sustainable solutions, emerging markets and industries, customization and flexibility, stringent quality standards, e-commerce packaging requirements. Major trends in the forecast period include digital printing technologies, industry 4.0 integration, technological advancements, environmentally friendly technologies, advanced material compatibility, energy-efficient technologies.
The growing demand for the automotive industry is expected to propel the growth of the industrial laminating machines market going forward. The automotive industry refers to the collection of companies, organizations, and activities involved in designing, developing, manufacturing, marketing, selling, and maintaining motor vehicles. The growing demand for the automotive industry significantly contributes to the increased use of industrial laminating machines. Laminates are widely used in the automotive industry for various applications such as interior trim, door panels, and instrument panels that can improve fuel efficiency and reduce emissions. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, the number of motor vehicles manufactured worldwide in 2022 was 85.4 million, up 5.7% from 2021. Therefore, the growing demand for the automotive industry is driving the growth of the industrial laminating machines market.
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The industrial laminating machines market covered in this report is segmented –
1) By Type: Wet Laminating Machine, Thermal Laminating Machine, Dry Bond Laminating Machine
2) By Technology: Infrared Technology, Ultrasonic Technology
3) By Substrate Material: Paper, Film, Foil, Other Materials
4) By Operation: Manual, Semi-Automated, Automated
5) By End-User: Automotive, Aerospace And Defense, Medical, Pharmaceutical, Food And Beverage, Other End-Users
Major companies operating in the industrial laminating machines market are developing innovative products such as pad-press multistack laminator machines to meet larger customer bases, more sales, and increased revenue. The pad-press multistack laminator machine is a valuable tool for manufacturers of glass-glass solar modules. It is a highly efficient, reliable, and cost-effective machine that can help improve the quality and productivity of solar module manufacturing. For instance, in March 2022, Mondragon Assembly S.A., a Spain-based automation and assembly solution company, developed the Pad-Press multistack laminator machine. This new laminator is suitable for all PV module types, though it is specifically made for Glass-Glass modules that follow current market trends and novel applications such as BIPV, VIPV, and Integrated Photovoltaics. The solution also offers a novel hydraulic pressure-controlled system to maximize the panel’s quality, alignment, and uniformity.
The industrial laminating machines market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Major Players:
- Nordson Corporation
- Bobst Group SA
- General Binding Corporation
- Mactac
- FRIMO Group GmbH
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