Strapping machines are various types of equipment that perform the action of bundling together products or parts by way of a strap or several straps that fasten an item to a material handling product, usually a pallet. Strapping is performed for many applications, including the reinforcement of packaging, which is the primary method of fastening products to a pallet. Strapping is also used as a method of combining many small products into one large bundle for easier material handling purposes.
The price of Strapping Machines is slightly decreased in nearly five years. For being accorded with the corresponding application area, the product price has a large differences.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this areas, the future will still have more new investment enter the field.
As large demand of Strapping Machines product, the domestic enterprises should hold the opportunity to improve their technology with domestic advantages, such as low raw material price.
The Strapping Machines market was valued at 1740 Million US$ in 2018 and is projected to reach 2550 Million US$ by 2025, at a CAGR of 4.9% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Strapping Machines.
This report presents the worldwide Strapping Machines market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Samuel Strapping Systems
Xutian Packing Machine
Strapping Machines Breakdown Data by Type
Fully Automatic Strapping Machines
Automatic Strapping Machines
Semi-automatic Strapping Machines
Strapping Machines Breakdown Data by Application
Food & Beverage
Newspaper & Graphics
Strapping Machines Production by Region
Strapping Machines Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Strapping Machines status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Strapping Machines manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Strapping Machines :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Strapping Machines market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.