Extrusion Press Market

Extrusion Press Market Overview

The global extrusion press market is estimated to create an incremental opportunity of US$ 850 Mn by the end of 2022. The sales of extrusion press are expected to surpass US$ 1,300 Mn by 2032, exhibiting growth at a CAGR of 4.5% over the forecast period 2022-2032. Increasing demand for metal parts, ceramic products, and plastics materials across diverse industries are accelerating the growth in the market.

Extrusion press is industrial equipment that is used in material forming processes in which the material is pushed to flow through a die to convert it into the desired shape or reduce its cross-section. This equipment provides numerous benefits over other material forming manufacturing processes such as ability to work with ductile as well as brittle material and ability to create complex cross-sectional components, surfaces, and parts.

Two types of extrusion press are used in production processes naming long extrusion press and short extrusion press depending on the material and application. Demand for extrusion press for the materials such as metal and plastic is rapidly surging, owing to increasing usage in production of various products such as metal sheets, machine parts, metal roads, plastic pipes, tubes, and seals among others. This is estimated to augment the sales of extrusion press in the market.

In addition to this, increasing introduction on advanced automatic and semi-automatic industrial equipment with innovative technologies such as sensors are estimated to facilitate the sales of extrusion press in the coming years.

Which are Some Prominent Drivers Spearheading Extrusion Press Market Growth?

Extrusion presses are gaining huge traction across various manufacturing industries, on account of their high extrusion ratios and ability to create complex cross-section profiles. Also, industry players are increasingly inclining towards using extrusion press from standard hydraulic systems, owing to less energy consumption, better performance, and ability to work in air-conditioned production rooms.

Over the past few years, a swift rise in demand for light metals such as aluminum is being witnessed, especially across the automotive sector. Due to implementation of stringent norms and standards by regulatory organizations, such as the Environmental Protection Agency, automotive players are increasingly adopting aluminum for reducing the weight of manufactured automobiles to increasing fuel efficiency.

In addition to this, production and sales of electric vehicles are increasing at a robust pace, owing to growing carbon emission concerns and rising fuel prices. For instance, according to a report by the International Energy Agency, more than 3 million electric vehicles were sold across the globe in 2022, representing 40% more sales in comparison to 2019.

As extrusion presses are extensively used for manufacturing various automotive components such as body panels, sheets, rods, and others deployed in electric vehicles, accelerating sales of these automobiles is projected to spur the sales in the market.

What are the Challenges Faced by the Extrusion Press Market?

Despite several advantages associated with extrusion presses, high initial machinery and tooling cost, extravagant cost of extrusion services, and need for frequent maintenance are factors hampering the growth in the market.

Also, governments in numerous countries are implementing several stringent regulations regarding the production and sales of plastic-based products, which is in turn, hindering the sales of extrusion presses across the plastic manufacturing sector.

Why is Asia Pacific Excluding Japan Emerging as an Opportunistic Extrusion Press Market?

Future Market Insights states that Asia Pacific excluding Japan is expected to register the fastest growth in the global extrusion press market from 2022 to 2032.

As the trend of industrial automation continues to create deeper inroads across the manufacturing industries, numerous industrial players are increasingly deploying novel industrial equipment such as extrusion press, particularly across plastic and metal fabrication sectors, which is in turn, augmenting the growth in the market.

Also, rapidly increasing building and construction activities, owing to the surging trend of urbanization have resulted in creating strong demand for associated products. For instance, according to the India Brand Equity Foundation, the Indian Government announced sanctioning around US$ 1.89 Billion to support the initiatives such as “Housing for All” under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) in 2021. As extrusion presses are used for manufacturing products such as metal rods, sheets, plastic pipes, and others used in construction activities, such initiatives are estimated to bolster the sales in the market.

Nikhil Kaitwade

Principal Consultant

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How is Western Europe Contributing to the Growth of the Extrusion Press Market?

As per FMI, Western Europe is anticipated to account for a significant share in the global extrusion press market over the forecast period 2022-2032.

With rapidly increasing production and sales of automotive vehicles and surging construction sector across the countries such as Germany, Italy, the U.K., and others, a swift rise in demand for extrusion press is being experienced.

Hence, leading players in the market are increasingly focusing on launching novel products to cater to this rise in demand. For instance, in 2021, Danieli, an Italian supplier of equipment and physical plants to the metal industry, announced unveiling its new 40-MN Front-loading extrusion press integrated with advanced ESED 4.0 technology, enabling energy-saving up to 30%. A multiplicity of such product launches are projected to propel the demand for extrusion press in the Western Europe market.

Market Competition

Some of the leading players in the extrusion press market are Danieli, Bosch Rexroth, Presezzi Extrusion, China National Heavy Machinery, Tirupati Indistries, Sidhanath Hydraulics, Wuxi Weite Machinery, SPM Controls, Yuen-Sun Machinery, Shanghai Electric, Tecalex, Eagle Extrustion Pvt Ltd., and others.

The global market for extrusion press is highly competitive, due to large number of participants and increasing adoption product launch and capacity expansion strategies to strengthen the market share.

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Scope of Report

Key Segments Profiled in the Extrusion Press Industry Survey

By Type:

• Short Stroke Extrusion Press
• Long Stroke Extrusion Press

By Process:

• Direct Extrusion
• Indirect Extrusion

By Operation:

• Automatic
• Semi-automatic
• Manual

By Operating Temperature:

• Hot Extrusion
• Cold Extrusion

By Material:

• Metal
• Ceramic
• Plastics

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa