North America Extrusion Machinery Market Size Worth $2.20 Billion By 2032 | CAGR: 3.2%

The North America Extrusion Machinery market size is expected to reach USD 2.20 billion by 2032, according to a new study by Polaris Market Research. The report “North America Extrusion Machinery Market Share, Size, Trends, Industry Analysis Report, By Material (Metal, Plastic, Others); By Type; By End Use; By Country; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.  

The North American extrusion machinery market is experiencing growth due to an increasing focus on energy efficiency. With rising awareness of environmental concerns, manufacturers are prioritizing energy-efficient solutions to reduce their carbon footprint and operating costs. Extrusion machinery plays a crucial role in this shift, as advancements in technology enable the development of energy-efficient extrusion systems. These systems minimize energy consumption during the manufacturing process while maintaining high levels of productivity and quality. As companies seek to meet sustainability goals and regulatory requirements, there's a growing demand for energy-efficient extrusion machinery in the region.

With an aging population and increasing healthcare services demand, there's a rising need for medical devices and pharmaceutical packaging. Extrusion machinery is used for producing various medical components like tubing, catheters, and syringes. Technological advancements enable the fabrication of precise, flexible, and biocompatible materials necessary for medical applications. Additionally, the COVID-19 pandemic has accelerated the demand for medical supplies, further driving the need for efficient production processes supported by extrusion machinery.

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As consumer preferences evolve, there's a growing demand for tailored products across industries like automotive, consumer goods, and packaging. Extrusion machinery empowers manufacturers to craft personalized items with unique shapes, sizes, and features, meeting individual customer requirements. Advanced extrusion technology offers flexibility in material choice, color options, and surface finishes, enabling efficient and cost-effective production of customized products. Additionally, additive manufacturing techniques integrated into the extrusion process further enhance customization capabilities, facilitating intricate designs and complex geometries.

The North American extrusion machinery market is witnessing growth due to its integration with renewable energy technologies. As the region shifts towards cleaner energy sources, extrusion machinery is increasingly powered by renewables like solar and wind. This transition reduces carbon emissions, lowers energy costs, and aligns with sustainability goals. Advanced renewable energy technologies, including energy storage and grid integration solutions, enhance the reliability of extrusion machinery.

North America Extrusion Machinery Market Report Highlights

• In 2023, the plastic segment held a significant revenue share owing to its durability and lightweight properties and rising demand for recyclable plastics.
• The demand for the twin-screw segment is expected to increase during the forecast period owing to enhanced mixing and compounding capability, rising demand in key industries, and compatibility with advanced applications.
• In 2023, the construction segment held a significant revenue share owing to infrastructure development and green building trends
• In 2023, the U.S. accounted for a significant market share due to industrial dominance, advanced manufacturing infrastructure, and large-scale infrastructure projects.
• The market is highly competitive owing to the existence of market players with a global presence, including AMUT S.P.A., BC Extrusion Holding GmbH, Coperion GmbH, Davis Standard, Graham Engineering, KraussMaffei, Milacron, LLC, and NFM Welding Engineers, Inc. among others.

Polaris Market Research has segmented the North America Extrusion Machinery market report based on material, type, end use, and country:

North America Extrusion Machinery, Material Outlook (Revenue - USD Billion, 2019 - 2032)

• Metal
• Plastic
• Others

North America Extrusion Machinery, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Twin-screw
• Single-screw

North America Extrusion Machinery, End Use Outlook (Revenue - USD Billion, 2019 - 2032)

• Automotive
• Construction
• Packaging
• Consumer Goods
• Others

North America Extrusion Machinery, Country Outlook (Revenue - USD Billion, 2019 - 2032)

• U.S.
• Canada

North America Extrusion Machinery Market Report Scope