Author: Wu Xiaomei
Thermoforming is a manufacturing process where a plastic sheet is heated to a pliable forming temperature, formed to a specific shape in a mold, and trimmed to create a usable product.
The Thermoforming Machines industry was 915 million USD in 2018 and is projected to reach 1,220 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 4.2% between 2018 and 2025.
The market for Thermoforming Machines is fragmented with players such as ILLIG Maschinenbau, MULTIVAC, Kiefel, Asano Laboratories, Frimo, QS Group, GABLER Thermoform, COMI SpA, GEISS AG, Jornen Machinery, MAAC Machinery, WM Thermoforming Machines, Honghua Machinery, GN Thermoforming Equipment, BMB srl, Thermoforming Technology Group, CMS, Industries, Scandivac, Agripak and so on.
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All manufactures in the world are committed to the improvement of product. These two years, some of Chinese manufactures can almost catch up with the world's leading technology too. Most technologies are developed by the manufacturers instead of importing from other companies.
Price in US and EU is much higher than that of China and other developing countries due to their high quality and powerful functionalities. Developing countries such as China and India is more likely to attract more investment opportunity for their potential demand.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The Global Thermoforming Machines Market Research Report 2019 released by QYResearch provides a basic overview of the Thermoforming Machines industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Thermoforming Machines industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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