Laminating Machine Market Report Overview
- Request a Free sample to learn more about this report
The global laminating machine market size is anticipated to be worth USD 484.5 million in 2022 and is projected to touch USD 648.6 million by 2028 with a CAGR of 4.3% during the forecast period.
Laminating machines are also called as industrial laminators. This is a device which is mainly used for sealing documents. These documents are filled into a protective layer. This layer is mainly made up of paper, foil or a plastic film. This machine is programmed to combine several piles or rolls.
There have been several developments and discoveries in this field. These discoveries have given rise to many growth opportunities. Highly advanced laminating machines are the new and the latest trend in the market. New types of laminating machines are being launched these days that have various applications in different fields. The newly introduced machines are technologically advance, much more efficient and very accurate. These are very robust and highly durable.
The laminating machines are increasingly being adopted in the healthcare industry. Apart from being used in the medical and advertising industry these products also have increasing demand from other industries like aerospace, electronics, automotive, and, packaging. These act as the factors driving the market growth.
COVID-19 impact: Decline in The Value of Advertisement and Photography Industry Reduced the Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
COVID-19 was one such deadly disease that affected the entire world and all the industries. The laminating machine industry also became a victim of the pandemic. During COVID-19 there were many restrictions and lockdowns that were imposed. This was one of the major reasons for the decrease in the market share.
These industrial laminating machines are directly dependent on the advertisement and photography industry. The fall of these industries brought down the laminating machine market share. The disruption in the supply chain and the unavailability of raw materials was also a crucial reason for the downfall of the market. However, post the pandemic the market recovered quickly and is anticipated to grow well in the upcoming years.
LATEST TRENDS
"Highly Advanced Laminating Machines to Increase the Market Growth"
Many creative and innovative changes are being witnessed in the above market recently. New types of laminating machines are being launched these days that have various applications in different fields. The newly introduced machines are technologically advance, much more efficient and very accurate.
These machines allow easy film loading and easy operation. Apart from that they are also much durable and robust. Also, they are user friendly, budget friendly and very easy to fix. All of this can be identified as the latest trend that have increased the laminating machine market share.
Laminating Machine Market Segmentation
- Request a Free sample to learn more about this report
- By Type:
The market can be divided on the basis of type into the following segments:
Coating laminating machine and pre-coated laminating machine. The Coating laminating machine segment is anticipated to dominate the market during the forecast period.
- By Application:
Classification based on application into the following segment:
Printing factory and printing shop. The printing factory segment is predicted to dominate the market during the research period.
DRIVING FACTORS
"Increasing Usage of Industrial Lamination Machines in Healthcare to Fasten the Market Growth"
The laminating machine industry has seen a robust growth and expansion in the recent days especially after the pandemic period. Many reasons have contributed to this expansion. The major factor being the extensive use of these machines for commercial purpose. There has been a rising global demand for these machines recently.
The laminating machines are increasingly being adopted in the healthcare industry. These machines are very useful for laminating various lab and health reports. Due to this they are being used in the medical field. This factor has collectively driven the laminating machine market growth.
"Growing Demand from Aerospace, Electronics, And, Automotive to Propel Market Growth "
Apart from being used in the medical and advertising industry these products also have increasing demand from other industries. This has been one of the major reasons for the growth of the market in the recent years.
Some of the other markets that are extensively using this product are aerospace, electronics, automotive, and, packaging. This has increased the demand for the product drastically. All of these factors are prone to bring vast growth opportunities for the market in the upcoming years.
RESTRAINING FACTOR
"High Cost of Laminating Machines to Decrease the Market Growth"
These machines are very handy. They can be used very easily. They also help in securing important files, documents and reports. However, even with all these advantages, these machines are considered costly.
This can be considered as one of the major restraining factors for the laminating machine market share. As a result, this product cannot be afforded by everyone, which decreases its demand as well as the market share. The post maintenance cost that is involved is also high and adds on to the overall expense of the product. Apart from this, the growth in the penetration of digital printing machines is also expected to deteriorate the market growth. This can be considered as a major factor restraining the industrial growth of the product.
Laminating Machine Market Regional Insights
- Request a Free sample to learn more about this report
"North America to Dominate Market Share in The Upcoming Years"
The region that predominantly dominates the market is North America. It holds the largest market share generating high revenue and profits. After North America Asia Pacific occupies the next position in the market share. North America accounts for more than one-fourth of the market.
Many reasons have contributed to the growth of the market in this region. The most important factor is the industrialization and technological advancement in the region. The huge investments coming in from the key industry players has also made Asia Pacific the leading market.
Key Industry Players
"Leading Players adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
List of Market Players Profiled
- Wenzhou Guangming (China)
- Zhejiang Liming (China)
- Shanghai Loretta (China)
- Beijing Angdexin (China)
- Shanghai Dragon (China)
- Shenzhen Modern Domhke (China)
- Beijing FULEI (China)
- Shanghai Tiancen (China)
- Wen Chyuan (China)
Report Coverage
The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations
| REPORT COVERAGE | DETAILS |
|---|---|
| Market Size Value In | US$ 484.5 Million in 2022 |
| Market Size Value By | US$ 648.6 Million by 2028 |
| Growth Rate | CAGR of 4.3% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
| Historical Data Available | Yes |
| Segments Covered | Type & Application |
| Regional Scope | Global |
Frequently Asked Questions
-
What value is the global laminating machine market expected to touch by 2028?
The global laminating machine market is projected and estimated to touch USD 648.6 million by 2028.
-
What CAGR is the global laminating machine market expected to exhibit by 2028?
The global laminating machine market is expected to exhibit a CAGR of 4.3% by 2028.
-
Which are the driving factors of the global laminating machine market?
The laminating machines are increasingly being adopted in the healthcare industry. Apart from being used in the medical and advertising industry these products also have increasing demand from other industries like aerospace, electronics, automotive, and, packaging. This act as the factors driving the laminating machine market growth.
-
Which are the top companies operating in the global laminating machine market?
Zhejiang Liming, Shanghai Loretta, Beijing Kangdexin, Shanghai Dragon, Autobond, Guangdong Magnolia, and, Wenzhou Guangming are the top companies operating in the global laminating machine market.
