The plastic wire rolling machine market size is expected to see rapid growth in the next few years. It will grow to $12.72 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to an emphasis on sustainable construction practices, the increasing adoption of EVs, ongoing integration of industry 4.0 technologies, geopolitical stability and economic conditions, and continuous investment in research and development. Major trends in the forecast period include technology advancements, continued innovation in machine design, a shift towards sustainability, integration of IoT and data analytics, and increasing focus on producing high-quality wires.
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Segmentation & Regional Insights
The plastic wire rolling machine market covered in this report is segmented –
1) By Type: Single Screw Wire Rolling Machine, Twin-Screw Wire Rolling Machine
2) By Material: Wood, Steel
3) By Application: Wire And Cable Industrial, Pipe And Tube Industrial, Textile Industrial, Packaging Industrial, Other Applications
Asia-Pacific was the largest region in the plastic wire rolling machine market in 2023. The regions covered in the plastic wire rolling machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing infrastructure development is expected to propel the growth of the plastic wire rolling machine market going forward. Infrastructure development refers to constructing and improving foundational systems and facilities, such as transportation networks, utilities, and public buildings. The increase in infrastructure development is due to population growth, urbanization, economic expansion, and demand for improved transportation, utilities, and public facilities. Plastic wire rolling machines aid infrastructure development by producing durable plastic wires for constructing and maintaining electrical, telecommunications, and other utility networks. For instance, in February 2023, according to the United States Census Bureau, a US-based government agency, construction-related activities saw a growth rate of 10.%, rising from $1,626.4 billion in 2021 to $1,792.9 billion in 2022. Therefore, increasing infrastructure development is driving the growth of the plastic wire rolling machine market.
Impact Of Growing Industrialization On The Plastic Wire Rolling Machine Market
The growing industrialization is expected to propel the growth of the plastic wire rolling machine market going forward. Industrialization refers to transforming an economy from primarily rural and rural-based to one dominated by industrial manufacturing and urbanization. Industrialization is increasing through technological advancements, globalization, and economic development, with innovations in automation, artificial intelligence, and advanced manufacturing techniques enhancing production efficiency and scalability. Plastic wire rolling machines play a crucial role in industrialization by efficiently producing high-quality plastic wires and cables, essential for industrial applications such as electrical wiring, telecommunications, automotive, and construction. For instance, in March 2022, according to the United Nations Industrial Development Organization, an Austria-based specialized agency of industrial and economic development, in 2021, global manufacturing production in 2021 increased by 9.4% compared to 2020. Therefore, growing industrialization is driving the growth of the plastic wire rolling machine market.
Key Industry Players
Major companies operating in the plastic wire rolling machine market are Voestalpine AG, Meccaniche S.p.A., SMS Group GmbH, Bühler Group, Fives Group, KraussMaffei Berstorff GmbH, Davis-Standard LLC, Reifenhauser Group, Windsor Machines Limited, Leistritz Extrusionstechnik GmbH, Battenfeld-Cincinnati (Foshan) Extrusion Systems Ltd., Primetals Technologies Ltd., JSW Plastics Machinery Inc., Everplast Machinery Co. Ltd., Maplan GmbH, Maillefer International, Itoh Denki USA Inc., Carell Corporation, Kolsite Corp. LLP, GRT Machinery Ltd., IDEAL Machinery Inc., Anfimac S.r.l
The plastic wire rolling machine market report table of contents includes:
1. Executive Summary
2. Plastic Wire Rolling Machine Market Characteristics
3. Plastic Wire Rolling Machine Market Trends And Strategies
4. Plastic Wire Rolling Machine Market – Macro Economic Scenario
5. Global Plastic Wire Rolling Machine Market Size and Growth
……………………………….
32. Global Plastic Wire Rolling Machine Market Competitive Benchmarking
33. Global Plastic Wire Rolling Machine Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Plastic Wire Rolling Machine Market
35. Plastic Wire Rolling Machine Market Future Outlook and Potential Analysis
36. Appendix
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