Die Cutting Machine Market Outlook (2023 to 2033)
As per Future Market Insights, the die cutting machine market is anticipated to attain a value pool of US$ 1.6 billion by 2023-end. Global demand for die cutting machines is expected to rise at a CAGR of 2.3% to US$ 2 billion in 2033.
| Data Points |
Key Statistics |
| Expected Market Value of Die Cutting Machines in 2023 |
US$ 1.6 billion |
| Projected Market Value of Die Cutting Machines in 2033 |
US$ 2 billion |
| Growth Rate (2023 to 2033) |
2.3% CAGR |
Key Market Drivers
- Increasing Demand for Cost-Effective Automation: Automation of the die cutting process is becoming increasingly popular as companies attempt to save time and money. Automated die cutting machines are more efficient than manual ones, and are much more cost-effective in the long run.
- Need for Faster Production Time: As consumer demand increases, so does the need for shorter production times. Die cutting machines can make the process much faster, allowing companies to produce more in a shorter period of time.
- Growing Focus on Quality: With the intense competition in today's market, quality is more important than ever. Die cutting machines can help produce higher quality products quickly and efficiently. As the demand for quality continues to grow, so will the demand for die cutting machines.
Prevailing Expansion Opportunities
- Presentation Materials: Die cutting machines can be used to create a variety of presentation materials, such as signs, banners, posters, cards, and more. This allows organizations to create customized materials for any occasion.
- Lettering: Die cutting machines can be used to quickly and easily create letters and numbers for various purposes, such as signs, banners, and vehicle wraps. This allows organizations to quickly and efficiently create materials that are both eye-catching and informative.
- Crafts: Die cutting machines can be used to create a wide variety of crafts, such as scrapbooking and papercrafts. This allows users to create personalized items that are both creative and unique.
- Prototyping: Die cutting machines can be used to quickly and easily create prototypes for testing purposes. This allows organizations to quickly and efficiently create items for testing purposes without having to invest in expensive moulds.
Expected Growth Trends
- Smaller Machines: With the rise of miniaturization, die cutting machines have become much smaller and more portable. This makes them ideal for use in workshops and small businesses.
- Digital Die Cutting: Digital die cutting machines have become increasingly popular due to their ability to cut intricate designs quickly and accurately. They are also much easier to use than traditional die cutting machines.
- Industry 4.0: This trend focuses on the introduction of new technologies and the adaptation of products to them. SmartGap technology from Wink is an example of this, as it enables adjustable systems and more efficient production.
- Data-Driven Manufacturing: This trend has been driven by the need for improved efficiency, better accuracy, and faster production. By collecting data on production processes and machine performance, manufacturers are able to make better decisions and achieve higher levels of productivity.
- 3D Printing: 3D printing is being used in the die cutting machines industry to create intricate shapes and patterns, allowing for greater flexibility and precision in the production process.
- AI and Machine Learning: AI and Machine Learning are being used to automate processes, improve accuracy and reduce production costs. By using AI and Machine Learning, manufacturers can create products with greater accuracy and speed.
- Additive Manufacturing: Additive manufacturing is used to create complex shapes and patterns that are not possible with traditional methods. The technology is used in die cutting machines to create precise shapes and patterns with less wastage of materials.
Demand for this machine will witness steady recovery in short-term, with optimistic growth outlook in the long-run.
Increasing demand from various industrial processes & requirements for effective packaging solutions is estimated to boost the die cutting machine market growth and its adoption in various sectors will extend its opportunities in near future.
What is Driving Demand for Die Cutting Machine?
Demand from print and packaging industry is said to be the primary driver for market growth. Furthermore, provision of custom dimensional cutting over variety of substrates such as paper, plastic and reduced lead time of operation has favored the use of the product by the end users.
This machine also provide plethora of benefits over traditional cutting techniques and is paving the way for more machine sales.
Automatic Based Die Cutting Machine to Gain in Use
The most preferred choice for the customers is mostly automatic machine as digital technology provides more flexibility. Likewise, rotary type and others provides various options for the die cutting. Rotary machine involves the customized machine part to cut through the substrate which is most flexible option for most of the applications.
The rotary machine is also preferable by the consumers due to its durability as it can provide many variations in their cuts as per customer’s requirements.
USA and Canada Market Outlook
Due to advanced developments in the automotive industries in USA and Canada countries is expected to lead the regional market over the forecast period. USA and Canada is estimated to dominate this market due to their rapid industrialization and advanced production technology.
Europe Demand Outlook
Many European manufacturers has set international standards in the printing industry and is offering the broadest products which will surge the growth of Europe market. This companies has epitomized quality in their products and has sustainable business which is driving the major market in European countries such as Germany, Italy, Russia etc.
Who are the Key Manufacturers and Suppliers of Die Cutting Machine?
Some of the leading manufacturers and suppliers of the product include
- Bobst
- Shandong Shengze Machinery
- FXD
- IIJIMA MFG
- Dalian Yutong
- Wen Hung Machinery
- Sanwa
- LI SHENQ Machinery
- Labelmen
- Shandong Century Machinery
- Higher Shengli Printing Machinery Group
- Jih
- Shuenn Electronic Machine Industrial
- ASAHI
- Cerutti Group
- Standard Paper Box Machine
- HANNAN PRODUCTS
- Duplo
- Tangshan Yuyin
- Young Shin
- Heidelberger
- Yawa
Many technological advancements are involved by the manufacturers in response to the increasing demand from the consumers which will provide plenty of opportunities in future for the market growth.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
