What is Wire Extrusion Machine Market?
Wire extruder is used by wire and cable industries to heat extrude polyethylene, PVC, etc. to insulate the wire core of the wire or to protect the cable. The whole machine is composed of pay off the frame, main extruding machine, cooling water tank, blow-dry, printer, and other temperature control electrical operation cabinet, etc. The advantage of the wire extrusion process is that the wire can be given any diameter without any cracks or imperfections.
The market study is being classified by Type (Single Extrusion, Dual Extrusion and Triple Extrusion), by Application (Electrical and Electronic Wires, Building Wire/ Jacketing, Thin Insulation Automotive Wire, Flat Wire/ Ribbon Wire and Other) and major geographies with country level break-up.
Morgan Koch (United States), Pioneer Machinery (Taiwan), American Kuhne Solutions (United States), MFL Group (Italy), Sampsistemi (Italy), Rosendahl Nextrom GmbH (Austria), Maguire Products Inc. (United States), Sant Engineering Industries (India), Assomac Machines Limited (India) and D C Engineering Works (India) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Supermac Industry (India), Capstaner Tech Design (China) and Tomer Engineering Works (India).
Segment Analysis
Analyst at AMA have segmented the market study of Global Wire Extrusion Machine market by Type, Application and Region.
On the basis of geography, the market of Wire Extrusion Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Industrialization and Manufacturing Sector in Emerging Economy
- High Levels of Productivity and Flexibility Coupled With Reduced Labour Cost
Market Trend
- On-Line Remote Service Facility to Handle PLC and Electronics Problems
Restraints
- High Initial Setup Cost Required For the Wire Extrusion Machines
Opportunities
- Rise in Adoption of Industrial 4.0, Increase in Automation, and Integration of IoT
- Rapid Execution of the Processes of Electrification in Developing Countries Undertaken By the Government
Challenges
- Stringent Regulations for the Workers Safety
Market Leaders and some development strategies
Sampsistemi acquires Euro Extrusion and Euroalpha. The acquisitions are in line with the strategy of Sampsistemi to focus its activities in each one of the three market segments in which it operates: drawing, rotating, and extrusion equipment for the wire and cable industry.
In 2019, The Austrian machine manufacturer Rosendahl has launched crosshead RX 40 MB 2.1.I for the co-extrusion of different material combinations, such as EPDM with PVC with a single crosshead.
Key Target Audience
Wire Extrusion Machine Manufacturers, Raw Material Suppliers, Cable and Wire Manufacturers, Traders/Exporters/Importers, End-Use Industry and Others