As per Market Research Future (MRFR), the global metal embossing machine market is projected to reach USD 55 billion with a CAGR of 3.5% from 2019 to 2025 (forecast period). The study presents the strengths, opportunities, challenges, and potential business risks and provides a thorough analysis of the global market environment resulting from COVID-19.
Metal embossing machine is a type of metal embossing technology used to create a three-dimensional pattern on metal sheets or plates. It's also recognized as a metal tag stamping machine. The metal embossing machine uses pressure and heat and is further employed in the embossing processes for metal sheets through the rollers to fit the requirement for customized patterns or pre-defined patterns. The machine is primarily used for various metals and is recognized as a steel embossing machine, a sheet metal embossing machine, an automatic metal embossing machine, a metal embossing machine, and a stainless steel embossing machine.
The rise in the industrial manufacturing of machines and other metal components and growth in the automotive industry is anticipated to propel the metal embossing machine industry's growth worldwide. The rise in development across the computer operating source further creates demand across the end-use industries like automotive, aerospace, and industrial machinery. The companies involved in the manufacture of metal embossing machines are mainly investing in the automation of the material used to minimize the cost of the metal embossing machine. For example, in 2017, Pannier Corporation introduced an improved metal embossing machine model with advancements across the materials and operating source of the machine. As a result, the rise in automation across the metal embossing machine is expected to generate market opportunities during the forecast period. The participants in the industry are inclined towards product development in order to satisfy the demand for automation in the metal embossing machine. This is expected to increase the market size of the Metal Embossing Machine globally. However, the persistent fluctuations in the prices of raw materials and the high prices associated with the manufacture of advanced metal embossing machines are expected to impede the global market's growth during the forecast period. The availability of alternatives such as hand-held embossing with marking tools is also one of the critical obstacles for metal embossing machine manufacturers in the global market.
The global metal embossing machine market has been segmented based on product type and end-use.
Based on product type, the global metal embossing machine market has been segmented into manual metal embossing machine and automatic metal embossing machine. The segment for manual metal embossing machine is expected to lead the global market in terms of volume and value over the assessment period.
Based on end-use, the global metal embossing machine market has been segmented into low and medium volume and high volume. The segment for low and medium volume metal embossing machine is expected to dominate the global market in terms of value over the assessment period.
Geographically, the global metal embossing machine market has been divided into four regions: Asia Pacific, North America, Europe, and the Rest of the World.
The Asia Pacific is projected to dominate the global market during the forecast period due to the growth of the manufacturing and automotive industries. The increase in demand for product marking across industrial applications is expected to significantly boost the market share of the product in the region. On the other hand, North America is expected to see a major increase in the technological development of machines.
Notable players in the global metal embossing machine market include Pannier Corporation (US), Jawo Sheng Precise Machinery Works Co., Ltd (Taiwan), Nanjing Harsle Machine Tool Co. Ltd (China), Big City Manufacturing (US), Alliance Machine Engraving, LLC (US), Zhengzhou Ellsen Machinery Equipment Co., Ltd (China), YURI ROLL Co., Ltd (Japan), Identification Systems Group (US), Anhui LIFU Machinery Technology Co., Ltd (China), and GÜÇLÜPOL - Poliüretan Kauçuk ve Makina SAN.TİC. LTD (Turkey), among others.
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