Metal Strapping Machine Market to Expand 1.5x by 2032 with Adoption

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According to the IMF, the global metal strapping machine market size is expected to reach a valuation of US$1 billion by 2032 and grow at a healthy CAGR of 3.9% from 2022 to 2032.

A banding machine is a device that uses a stainless steel strap to wrap a product in a huge container. These machines are widely used to pack heavy and bulky goods for transportation and logistics purposes. These often use metal straps of different widths and each metal strap has individual potential.

Over the past decade, advances in technology have prompted manufacturers of packaging solutions, especially metal strapping machines, to come up with new products with modernized mechanisms. Additionally, the demand for automatic metal strapping machines has increased due to the global acceptance of Industry 4.0.

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The transportation and logistics industry is expected to drive the growth of the market with the increasing use of automatic metal strapping equipment to pack goods in minimum time.

Key Takeaways: Metal Strapping Machine Market

The global metal strapping machine market is expected to grow 1.5 times over the forecast period.

The Indian metal strapping machine market is expected to be valued at around US$31 million in 2022.

The German metal strapping machine market is expected to create an absolute dollar opportunity of approximately US$17 million during the forecast period.

· By automation type, the automatic segment is expected to generate a total incremental opportunity of US$216 million over the next decade.

· Based on the orientation, the horizontal metal strapping machine segment is expected to hold the largest share of 69% by the end of 2032.

“High demand for metal strapping machines to protect goods during transportation and shipping is expected to drive the growth of the market. Furthermore, increasing demand for these machines in heavy industries such as building and construction, l ‘shipping and logistics, and automobiles would help growth,’ comments an IMF analyst.

Development of innovative metal strapping machines to drive growth

Many developed countries spend huge sums on research and development to provide automated solutions to industries. Several packaging machine manufacturers are also striving to generate more market share by investing in the development of new, fully functional and customizable machines.

End users are looking for innovative machines that can handle multiple tasks at the same time, saving time and labor costs, as well as increasing profits. These factors would push the sales of automated strapping machines in the coming years.

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Rise in international trade to propel metal strapping machine market

The shipping and logistics industry plays an important role in accelerating international trade. Metal strapping machines are widely used in industry to transport goods with strong and durable straps.

These goods are heavy and bulky, so they should be packed with metal straps to prevent damage and other accidents. Rising import and export activity across the globe is expected to drive the market over the next decade.

Competitive Landscape: Metal Strapping Machines Market

Some of the major companies operating in the metal strapping machine market include

Signode LLC Industrial Group,
Fromm Holding NV,
Packaging Machine Dongguan Xutian Co. Ltd.,
Cyklop International,
North Shore Strapping Inc.,
Polychem Company,
Transpak Equipment Corp,
VENUS HARTUNG PTY LTD,
GTI Industries Inc.,
Bystronic Laser SA,
TRUMPF GmbH + Co. KG,
transfluid® Maschinenbau GmbH,
WAFIOS AG, Pines Engineering & H&H Tooling, SOCO Machinery, Euromac, Schwarze Robitec GmbH, Numalliance, Inductaflex Ltd. and Stierli Bieger AG.

Metal Strapping Machinery Market Outlook by Category

By automation:

Manual
Semi-automatic
Automatique
By direction:

Horizontal Metal Banding Machine
Metal Vertical Banding Machine
By region:

North America
Latin America
Europe
South Asia
East Asia
Middle East and Africa
Oceania
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This press release was published on openPR.