The Metal Embossing Machine 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 Metal Embossing Machine , The metal embossing machine market size has grown steadily in recent years. It will grow from $54.66 billion in 2023 to $56.99 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to increased demand for high-quality leather goods, growth in the manufacturing and industrial sectors, adoption of metal embossing for decorative and branding purposes, expansion of the packaging industry with applications in metal packaging, increased demand for personalized and customized metal products.
The metal embossing machine market size is expected to see strong growth in the next few years. It will grow to $70.14 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to growth in the automotive industry , rising demand for embossed metal products in the construction sector, adoption of metal embossing for security features in identification documents, expansion of the aerospace industry with applications, reduced lead time and flexibility of embossing design. Major trends in the forecast period include customization and personalization of embossed metal products for branding, development of compact and portable metal embossing machines, use of advanced materials and coatings for diverse embossing effects, integration of artificial intelligence for pattern recognition and intricate designs, collaboration between metal embossing machine manufacturers and artists for unique applications.
An increase in industrial manufacturing of machines and metal components is expected to propel the growth of the metal embossing machine market going forward. Industrial manufacturing of machines and metal components refers to the manufacture of all mechanical machinery for use in mining, manufacturing, energy, and construction sectors, domestic appliances, and consumer electronics. The increase in demand for products from these sectors results in an increase in industrial manufacturing where metal embossing is heavily used. For instance, according to S&P Global, a US-based publicly traded company, the total US metal production in 2021 increased by 23% Year-On-Year, reaching an estimated $33.8 billion. Therefore, the increase in industrial manufacturing of machines and metal components will drive the growth of the metal embossing machine market.
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The metal embossing machine market covered in this report is segmented –
1) By Type: Manual Embossing, Automatic Embossing
2) By Application: Automotive Materials, Home Appliances, Building Materials, Other Applications
3) By End User: Low and Medium Volume, High Volume
Innovation product launches are a key trend gaining popularity in the metal embossing machine market. Major companies operating in the metal embossing machine sector are introducing new products for gaining a competitive advantage over other competitors. In April 2021, Marbach, a Germany-based company, launched msteel embossing machine for the production of steel braille forces. This is used to provide embossing forces that enable speedy and accurate production of braille on packaging. It is employed in the manufacture of steel flat and rotary braille forces. Fully automatic embossing and lettering are used throughout.
The metal embossing machine market report table of contents includes:
1. Executive Summary
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