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 |
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.
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.
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.
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.
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.
Some of the leading manufacturers and suppliers of the product include
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.
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Die Cutting Machine Market
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