North America Extrusion Machinery Market Size, Share & Trends Analysis Report By Type (Single-screw, Twin-screw), By Material (Plastics, Metal), By End-use (Automotive, Packaging, Construction), By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The North America extrusion machinery market size was estimated at USD 1.59 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 3.9% over the forecast period. The demand for extrusion machinery in plastics is rising, owing to the ability of plastics to be formed into complex shapes and the relative ease compared to metals or ceramics. Moreover, increased usage of engineering-grade plastics for producing pipe, fencing, window frames, plastic films, wire insulation, and deck railing is anticipated to grow during the forecast period. Increasing investments in electrifying North American transportation systems will further create new opportunities for extruder manufacturers.

For instance, in October 2022, ENTEK received a USD 200 million grant from the U.S. Department of Energy (DOE) for the construction of a new lithium separator plant in the U.S. The investment will improve ENTEK’s current production capacity to supply material for 1.4 million electric vehicles annually. The rapidly growing EV industry in the U.S. is expected to increase the demand for plastic and aluminum extrusion components and, in turn, is likely to increase the demand for extrusion machinery across North America.

Increasing demand for packaging products used in the processed food & beverages and consumer goods industries is projected to fuel the adoption of extruded products, such as pouches, wraps & films, and bags in the U.S. This will drive the industry growth. The flourishing e-commerce industry owing to the rising inclination toward online shopping in the country is expected to drive the demand for extruded plastic products. This is anticipated to lead to a rise in demand for extrusion machinery in the U.S. over the forecast period. Household appliances have been the largest application segment of plastics in the past few years.

Expanding urban settlements, increasing immigration, and ongoing fast-paced modern lifestyles are expected to positively impact the demand for household appliances over the forecast period. The U.S.-China trade war created opportunities for extrusion product manufacturers, as tariffs levied on imports from China that were cheaper increased the demand for U.S.-made products. Moreover, the pandemic prompted metal and plastic part manufacturers to resort to automation and increase the use of robotics in manufacturing. The manufacturing of household appliances is likely to boost the U.S. market growth.

Material Insights

The plastics extrusion machinery segment dominated the industry in 2022 and accounted for the largest share of 75.45% of the overall revenue. The segment growth is attributed to the growing usage of plastics in various end-use industries. The extrusion of plastic pipes, wire insulation, tubing, and windows & doors are extensively used in the building and construction industries. The metal material segment is expected to advance at a significant CAGR from 2023 to 2030. Metal extruder parts are utilized in a wide range of applications, such as medical, electronics, telecommunication, and automotive industries. Metal extrusion is a low-cost metal forming process owing to low wastage and high rate of production. The processed parts have an excellent elongated grain structure and smooth surface finish.

The growing construction industry along with the increasing production of consumer goods in North America is projected to have a positive impact on the overall market. Other materials include rubber and ceramic. Commonly used rubber materials for the extrusion process include polyisoprene, silicone, Viton, neoprene, EPDM rubber, nitrile rubber, and butyl rubber. Rubber is used to produce numerous extruded products including drains, tubes, vibration reducers, square tubing, mandrel-formed hoses, door & window seals, cabinet seals, pump discharge hoses, exhaust collars, and connectors. Rising demand for rubber-extruded solutions in the construction, consumer goods, and automotive & transportation industries is estimated to drive the segment growth.

Type Insights

On the basis of types, the market for extrusion machinery in North America has been further bifurcated into single-screw and twin-screw extruders. The single-screw type segment dominated the industry in 2022 and accounted for the maximum share of more than 63.15% of the overall revenue. Single-screw extruders are low in cost and offer continuous output, compact design, low noise emission, and easy operation. They are mainly used in plastic forming. Thermoplastics are the largest group of plastic materials extruded through single-screw extruders.

Single-screw extruders have a wide range of applications in the production of products, including rubber sheets for conveyors, automobile tires, plastic film/sheet, cling films, thermal insulation board, food storage bags, rotor blades for wind turbines, window frames, weather stripping, house siding, pipe, and tubes. On the other hand, the twin-screw type segment is estimated to register the fastest growth rate during the forecast period.

End-use Insights

The construction end-use segment dominated the industry in 2022 and accounted for the maximum share of more than 31.15% of the overall revenue. The use of extruded products in the construction industry has been significantly influenced by the rising investments in the housing sector. The growth of the construction industry in the U.S. and Canada has resulted in an increased demand for extruded products, including window frames, curtain walling, door frames, roofing & exterior claddings, canopies, space frame systems, and arches, thereby driving the demand for extrusion machinery in the construction industry.

The packaging end-use segment is estimated to register the fastest growth rate during the forecast period. Rising demand for packaging in the pharmaceutical and food sectors is expected to complement the segment growth. Polyethylene Terephthalate (PET), Polyethylene Terephthalate Glycol (PETG), high-impact polystyrene, and Polypropylene (PP) are commonly used to produce extruded products in the packaging industry. According to Statistics Canada, restaurant and fast-food retail sales have increased by 23.6% and 15.6% in 2021, as compared to 2020. The increasing food manufacturing sales will positively impact market growth.

Regional Insights

The U.S. dominated the market in 2022 and accounted for the maximum share of more than 66.80% of the overall revenue, owing to the growing construction activities in the residential and non-residential sectors, which are projected to drive the demand for extruded products used in windows frames, curtain walls, door frames, roofing & exterior cladding, canopies, space frame systems, and arches. For instance, according to the U.S. Census, in 2022, the U.S. annual value of construction increased by 10.2% compared to 2021. The increasing demand for extruded products from the construction industry is projected to have a positive impact on the growth of the extrusion machinery market in the U.S. over the forecast period.

Canada is anticipated to register the fastest CAGR over the forecast period. Canada’s construction sector is anticipated to rise as a result of the country’s growing population, urbanization, and immigration rates. An increasing number of service-providing firms in the country is expected to fuel the demand for office spaces, thus, driving the commercial construction sector, thereby boosting demand for extrusion machinery. Mexico will also have rapid growth due to rising automotive production. According to the OICA, in 2021, the overall automotive vehicle production in the country reached 3.1 million units. In addition, automobile manufacturers are required to use 70% of steel and aluminum sourced from North America as per USMCA, which is likely to boost recycling activities, thereby boosting the product market.

Key Companies & Market Share Insights

The key players adopt various strategies, such as product launches, expansions, product developments, and capacity utilization, to maintain a competitive edge in the market. Furthermore, companies are adopting expansion strategies, such as the opening of new production facilities as well as R&D centers to increase plant production capacity. For instance, in September 2022, KraussMaffei completed the construction of its new plant, Laatzen, near Hanover. The new plant will be used for the production of recycling equipment and extrusion machinery for the rubber & plastics processing sector.

Manufacturers are also undertaking other strategies, such as acquisitions, to increase the reach of their products in the industry and increase the availability of their products & services in diverse geographical areas. In July 2022, Graham Engineering acquired Kennedy Tool & Die. Kennedy will have operations in Birdsboro and will offer key contributions to Graham Engineering's maintenance business. The acquisition will help the company to support its consumers throughout the life of its extrusion machinery. Some prominent players in the North America extrusion machinery market include:

• KraussMaffei

• Milacron

• The Japan Steel Works, Ltd.

• NFM/Welding Engineers, Inc.

• BC Extrusion Holding GmbH

• Davis Standard

• Extrusion Technik USA, Inc.

• Graham Engineering

• Wenger Manufacturing

• AMUT SPA

North America Extrusion Machinery Market Report Scope

North America Extrusion Machinery Market Segmentation

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the North America extrusion machinery market report on the basis of material, type, end-use, and region:

• Material Outlook (Revenue, USD Million, 2018 - 2030)

  • Plastics

  • Metal

  • Others

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Single-Screw

  • Twin Screw

  • Others

• End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Construction

  • Consumer Goods

  • Automotive

  • Packaging

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico