Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 975.9 Million | USD 1,413.00 Million | CAGR at 4.32% | 2023 |
According to the report published by Zion Market Research, the global Automatic Thermoforming Vacuum Machine Market size was valued at USD 975.9 Million in 2023 and is predicted to reach USD 1,413.00 Million by the end of 2032. The market is expected to grow with a CAGR of 4.32% during the forecast period. The report analyzes the global Automatic Thermoforming Vacuum Machine Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Automatic Thermoforming Vacuum Machine Market industry.
The thermoforming vacuum machine is used for processing the plastic through controlling system, forming section, software program, heating element, cooling system, oven moving system, and loading out a system. The types of thermoforming vacuum machine that are available in the market are manual, semi-automatic, and fully automatic. During this process, the plastic sheets are heated and are then covered in the mold. In order to obtain the desired shape to the sheet, the vacuum is applied and sucked.
The market for automatic thermoforming vacuum machine is globally fragmented into the materials, ovens, end-use industry, and application.
On the basis of the materials used, the global market is segregated into polyester copolymer PETG, polycarbonate, polyethylene, polyvinyl chloride, acrylonitrile butadiene styrene, polystyrene, polypropylene and acrylic.
On the basis of oven used, the market is categorized into quartz, tubular, and ceramic.
On the basis of end-use industry, the market is divided into entertainment, aerospace, packaging, healthcare, marketing and distribution, automotive, food and beverage, education, and transportation.
On the basis of application, the market is bifurcated into food packaging, bracket fixation, packaging of products, mouth protector, POS display, equipment cases, and others. The food packaging segment is sub-divided into sausage, egg, fish, cheese, and pickle.
The key industry that is driving the automatic thermoforming vacuum machine market is the packing industry. The factors that are driving the market are ease of tooling, desirable high speed, low cost, efficiency. The automatic thermoforming vacuum machine makes sure that the heat is equally distributed with minimal stress to maintain the product quality. There is a huge demand for the product in wide applications of commercial and industrial sectors. The other factors that contribute to developing the market demand are the optimum utilization of materials, requirement of low electric power, high productivity, low maintenance cost, and low product cost. The factors that will restrain the market growth are the availability of other vacuum forming machines, high investment cost, and inclination for the semi-automatic or manual machines, lack of trained operators, and the non-uniformity of moldings.
Report Attributes | Report Details |
---|---|
Report Name | Automatic Thermoforming Vacuum Machine Market Research Report |
Market Size in 2023 | USD 975.9 Million |
Market Forecast in 2032 | USD 1,413.00 Million |
Growth Rate | CAGR of 4.32% |
Number of Pages | 201 |
Key Companies Covered | Formech Inc., Ridat, ON Chamunda, Bel-o-vac Industries, and PWK Engineering Thermoformer Co. Ltd. |
Segments Covered | By materials, By ovens, By end-use industry, By application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Regional diversification of the automatic thermoforming vacuum market is given as follows Latin America, the Middle East & Africa, Western Europe, Eastern Europe, North America, and Asia Pacific. The regions that are dominating the automatic thermoforming vacuum machine market are Europe and North America. This dominance is owing to the provision of high financial investments and the presence of the packaging and food beverage industries in these regions. The market in the Asia Pacific region will have a positive outlook in the coming years as in the developing regions such as India and China the investors are keen in developing the industries.
The key market players that are involved in the automatic thermoforming vacuum machine market include:
By materials
By ovens
By end-use industry
By application
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