The extruders market is driven mainly by growing demand for construction industry. However, strict government regulations and huge investment is expected to restrain the market growth. There has been massive industrial growth in APAC since the past few years, and this is expected to continue during the next five years.
New York, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Extruders Market by Extruder Type, End-use Industry And Region - Global Forecasts to 2026" - https://www.reportlinker.com/p05443404/?utm_source=GNW
The domestic and foreign investments in the building & construction industry have been consistently growing over the past decade in the region, which is fueling the growth of the extruders market.
The construction industry in the Middle East & Africa is also experiencing high growth, driving the demand for extruders. The outlook on industrialization in Sub-Saharan Africa is positive, which is driving the extruders market
Building & Construction is expected to be the largest end-use industry of the extruders market, in terms of value, between 2021 and 2026
Building & Construction end-use industry holds the highest share in the overall market in terms of volume and value for the forecast period. The rapid growth of the building & construction industry, along with large-scale investments in infrastructure projects in emerging economies, have led to an increase in the demand for extruded products, such as windows and door frame systems, curtain walling, roofing & exterior cladding, space frame systems, canopies, and arches, which in turn, is fueling the demand for extruders.
high economic growth in APAC to drive the demand for extruders in the region.
APAC is the largest market for extruders, and it is mainly attributed to high economic growth rate, followed by heavy investment across industries such as oil & gas, automotive, infrastructure, chemical, and steel & military among others. With economic contraction and saturation in the European and North American markets, the demand is shifting to the APAC region.
Extruder manufacturers are targeting this region as it is the strongest regional market for various applications, like growing demand for infrastructure, building & construction and automotive industry.The advantage of shifting production to the Asian region is that the cost of production is low here.
Also, it is easier to serve the local emerging market.
• By Company Type: Tier 1 - 46%, Tier 2 - 31%, and Tier 3 - 23%
• By Designation: C-Level - 46%, Director Level - 27%, and Others - 27%
• By Region: North America - 33%, Europe - 27%, APAC - 27%, South America - 7%, Middle East & Africa - 6%,
The key market players profiled in the report include The Japan Steel Works Ltd. (Japan), Hilenbrand Inc. (US), Shibaura Machine Co. Ltd (Japan), KraussMaffei Group GmbH (Germany), Battenfeld-Cincinnati (Germany), NFM (US), Clextral (France), and Leistritz AG (Germany) among others.
This report segments the market for extruders based on extruder type, end-use industry and region, and provides estimations for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, associated with the market for extruders.
Reasons to Buy this Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the extruders market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on extruders offered by top players in the global market
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for extruders across regions
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global extruders market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the extruders market
Read the full report: https://www.reportlinker.com/p05443404/?utm_source=GNW
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