Global heat staking machine market is projected to expand at CAGR of 9.7% and reach US$ 968.3 million by 2032

August 8, 2022 5:08 pm

As per in-depth market analysis by Fact.MR, a market research and competitive intelligence provider, the global heat staking machine market is valued at US$ 382 million and is expected to expand at an impressive CAGR of 9.7% during the forecast years of 2022-2032.

As per in-depth market analysis by Fact.MR, a market research and competitive intelligence provider, the global heat staking machine market is valued at US$ 382 million and is expected to expand at an impressive CAGR of 9.7% during the forecast years of 2022-2032.

The heat staking process is a heat joining technique for two or more pieces, at least one of which must be composed of plastic. This process is widely used in the packaging of consumer products, for the production of high-volume disposables, unit dose packaging, bottle caps, drug delivery applications, and many more. The process is mostly performed with a wide range of materials, including polypropylene, ABS, and polycarbonate.

The process of heat staking helps reduce cost and increase the speed in the packaging process. The operation of heat staking technology relies on the careful control and application of pressure and temperature to cause the reforming of the plastic it comes into contact with, which results in virtually little mechanical stress.

The most delicate and challenging thermoplastics that are utilised in end industries such as medical, automotive, telecom, and consumer goods can work precisely within the tiny process temperature windows. Heat staking is also commonly used for the processing of many medical device applications for attaching adhesive patches to portable meters and medical dispensers.

Owing to aforementioned factors, the heat staking machine market is set to grow 2.5X over the next ten years.

Key Takeaways from Market Study

1. The global heat staking machine market is projected to expand at an impressive CAGR of 9.7% and reach US$ 968.3 million by 2032.
2. The market exhibited 4.3% CAGR between 2017 and 2021.
3. Benchtop heat staking machines dominate the market with a valuation of US$ 280.4 million in 2022.
4. Heat staking machines by force range of 100 – 300 kg dominated with 33.6% market share in 2021.
5. The packaging end-use industry is likely to represent 24.2% market share in 2022.
6. Based on region, demand for heat staking machines is expected to increase at a CAGR of 8.9% in North America.

“Increasing adoption of heat assemblies to strengthen the long-term growth of the heat staking machine market,” says a Fact.MR analyst.

Market Development

Market development and growth strategies involve product launches, new product categories, research & development, geographical expansions, partnerships, collaborations, etc. Manufacturers are focusing on advanced techniques to meet specific application need and requirements.

Market players are taking efforts to increase their customer base by focusing on diverse end-users as well as regions. Moreover, market participants are focusing on expanding their product offerings by making R&D investments to offer advanced and robust heat staking machines. Companies are entering into long-term collaborations with end-use industries to cater the dynamic demand in the market and capture a significant market share.