Extrusion Press Market Size, Share, Growth, And Industry Growth By Type (Aluminum Extrusion Press and Copper Extrusion Press) By Application (Transportation, Construction and Machinery), Regional Forecast To 2031

Updated On: 08 April 2024

Extrusion Press Market REPORT OVERVIEW

• 
• Request Free Sample PDF to learn more about this report

The global extrusion press market size was USD 863.3 million in 2022 and market is projected to touch USD 1261.02 million by 2031, exhibiting a CAGR of 4.3% during the forecast period.

Extrusion is the process of giving shapes and sizes to different molten materials and there is various process associated with the excursion. Aluminium extrusion is gaining popularity owing to its versatile nature in production and application.

In recent times, the idea of a futuristic city equipped with modern technology is being discussed everywhere. The developed countries in the world have already imitated the developments. The lifestyle is moving rapidly and thus the changes in consumer behaviour are affecting the international market and changes in the existing technology. The future beholds more developments and a rise in construction activities thus extrusion press is believed to witness healthy growth in the forecasted year.

COVID-19 Impact: Slow Growth of the Industrial Sector to Hamper the Market Demand

It is now a fact, that all the major industries suffered from the harsh COVID-19 pandemic. The frequent global lockdown stretching more than months has hampered the production and shutting down of many production units due to the lack of resources and heavy restrictions. The shipping and logistics were interrupted. The availability of raw materials was another concern during the pandemic times. Furthermore, the slowdown of the automotive sector and pause in the construction activities are major factors for the slow growth of the extrusion press market during the COVID times. However, as production resumes and the world gears for the normalisation phase, the extrusion market is set to have a strong comeback in the upcoming years.

LATEST TRENDS

"Rising Environmental Protection Initiatives to Boost the Market Demand"

The government of all nations are identifying the harmful source of environmental concerns, putting restrictions, and enforcing the industrial sector to reduce the carbon footprints. The research and experiments are in full swing. Cutting-edge technology is being incorporated to improve the efficiency of the products. Extrusion machines are being developed keeping in mind environmental factors. Aluminium extrusion products are increasing due to their environmentally friendly tag. It is known as a green metal. Not only it is easy to recycle but also reduces energy. Due to these qualities, the aluminium extrusion press is being adopted by the automotive giants.

Extrusion press Market Segmentation

• 
• Request Free Sample PDF to learn more about this report

• By Type Analysis

According to type, the market can be segmented into the aluminium extrusion press and copper extrusion press. The aluminium extrusion press is expected to lead this segment in the forecasted year.

• By Application Analysis

Based on application, the market can be divided into transportation, construction and machinery.  The transportation industry is anticipated to lead this segment.

DRIVING FACTORS

"Booming Automotive sector to Accelerate the Extrusion press Market Growth"

The dawn of the 21^st century led to the advancement in the automobile sector. According to the reports published, this sector accounts for revenue of $300 billion by 2026. The survey indicated that the growth in this sector was influenced by the evolution of industrialization and national initiatives to revamp the globalization process.

The increasing purchase power of the consumer and the boost in luxury lifestyle is a major drivers for the growth of the automobile industry. In recent times, electric vehicles sale has quadrupled in the past years. The emerging trends in the automobile sector accompanied by the idea of sustainability are driving the consumer market. Aluminium extrusion presses are being adopted in manufacturing units to improve the efficiency of vehicles through weight reduction and better fuel regulation. The rising cost of fuel has compelled the key players to innovate automobiles with less fuel emission thus capturing the attention of potential customers.   It is used in various automobile manufacturing processes such as body panels, sheets, rods, etc. Consumer preference for electric vehicles is another growth factor. The growth of electric vehicles is intensifying the market size of extrusion press and all these factors will hasten the extrusion press market share in the upcoming years.

"Surge in Construction Activities Worldwide to Propel Market Demand"

Globalization and progression towards futuristic cities have escalated infrastructure activities around the world. Developing countries account for more than 50% of the construction undertakings. The extrusion press is extensively used in the construction process predominantly aluminium extrusion. It is used in many applications and the recent times it is not limited to interior and exterior design. Aluminium Extrusion is widely used in the manufacturing of tubes and hollow pipes.  The idea of customization is increasing and to meet the demands of the customer, the key players are preferring the aluminium extrusion press due to its ability to mould into various shapes and sizes.  In a nutshell, the worldwide infrastructure development is boosting the extrusion press market size.

RESTRAINING FACTORS

"High Cost of the Product to Hamper the Market Growth "

The extrusion press possesses high growth potential however, the initial implementation cost is expensive thus restricting its adaptation by small and medium-scale enterprises. It needs periodic maintenance and the extravagant cost associated with the extrusion services makes up a major concern for the extrusion press market. In addition to these, the rise in environmental concerns has pushed the government of many nations to imply stringent regulations in plastic production and metal fabrication. These obligations are anticipated to affect the extrusion market growth in the forecasted year.   

Extrusion press Market REGIONAL INSIGHTS

• 
• Request Free Sample PDF to learn more about this report

"Asia Pacific to Dominate the Market due to the Increase In infrastructure. "

Asia Pacific has ample opportunities for growth and most of the fast-developing nations belong to this region. The economic development and boost in luxury living are fostering the extrusion press market in this region. Moreover, the rapid construction activities also contribute to the market share. China is expected to lead this region owing to its strong financial position and the establishment of technology-driven manufacturing units. The Asia-pacific extrusion press market is anticipated to grow due to the presence of key players in this region.

Key Industry Players

"Market Players Focus on New Product Launches to Strengthen Market Position"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• SMS (Germany)
• Danieli (Italy)
• UBE (U.S.)
• TZCO (Czech Republic)
• Bosch Rexroth (Germany)
• Shanghai Electric (China)
• China National Heavy Machinery (China)
• Presezzi Extrusion (Italy)
• Xinxinke Extrusion (China)
• Wuxi Weite Machinery (China)
• Cheng Hua Machinery (Taiwan)
• Dazhou Machinery (China)
• Yuen-Sun Machinery (Taiwan)
• RL Best (U.S.)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.