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Strapping Machine Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Mar 2022
  • Pages: 120
  • SKU: IRTNTR72962
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The strapping machine market share is expected to increase by USD 1.75 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.75%.

This strapping machine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers strapping machine market segmentation by product (automatic and semi-automatic) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The strapping machine market report also offers information on several market vendors, including ASN Packaging Pvt Ltd., Crown Holdings Inc., Crown Packaging Corp., Cyklop International, Dongguan Xutian Packing Machine Co. Ltd., Dynaric Inc., Fromm Holding AG, Hefei Seelong Import and Export Group Co. Ltd., Hunan ADTO Industrial Group Co. Ltd., Messersi Packaging Srl, Mosca GmbH, North Shore Strapping Inc., Packmaster Machinery Pvt Ltd., Polychem Corp., Samuel Son and Co. Ltd., StraPack Corp., Tiger Pack Inc., TITAN Umreifungstechnik GmbH and Co. KG, Transpak Equipment Corp., and VENUS HARTUNG PTY LTD. among others.

What will the Strapping Machine Market Size be During the Forecast Period?

Strapping Machine Market Size

Download the Free Report Sample to Unlock the Strapping Machine Market Size for the Forecast Period and Other Important Statistics

 

Strapping Machine Market: Key Drivers, Trends, and Challenges

The rising demand for strapping machines from the e-commerce sector is notably driving the strapping machine market growth, although factors such as the emergence of robots in the strapping process may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the strapping machine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Strapping Machine Market Driver

One of the key factors driving the global strapping machine industry growth is the rising demand for strapping machines from the e-commerce sector. As significant e-commerce platforms such as Amazon and eBay improve their logistics, strapping machines are being used in warehouses to wrap plastic or other materials to minimize mechanical damage, boosting the market growth. Furthermore, fully automatic strapping machines are cost-effective and remove labor costs for strapping, due to which these are being extensively used and are fueling the growth of the market. Furthermore, as the e-commerce business expands, the need for sealing and strapping packages tapes will increase. For instance, in 2021, there were 27 million e-commerce users in Canada. It is expected that an additional 5.21 million users will be shopping online by 2023, according to data released by the export Government. Such factors will drive the market growth in the forecast period.

Key Strapping Machine Market Trend

High growth potential in emerging economies is one of the key strapping machine market trends that is expected to impact the industry positively in the forecast period. The rapid increase in industrialization and economic developments in China, India, and Japan are the key factors influencing the demand for strapping machines in the region. APAC has progressed from rolling out macroeconomic policies pertaining to inclusive growth, decent job formations, economic stability, and economic transformation that include efforts to accelerate revenue growth in commodity-exporting countries. The steady rise in China, India, Japan, Australia, and New Zealand has also boosted the region's GDP over the last few years. In addition, APAC is one of the leading producers of electrical and electronic products and automobiles and contributes to high global demand with strong performances from China, Japan, and India. Thus, the growth of the transportation, electronics, and packaging industries in emerging economies will support the market growth during the forecast period.

Key Strapping Machine Market Challenge

One of the key challenges to the global strapping machine industry growth is the emergence of robots in the strapping process. The various end-users of industrial and transit packaging are facing problems in handling the proliferation of products of different shapes, sizes, and weights. Therefore, manufacturers have started creating strapping machines with robotic facilities for the convenience of end-users. For instance, Samuel Packaging Systems Group offers an ingot strapping machine with a robot stacker. The robotic arm attached to the palletizer gathers and stocks ingots in multiple layers for strapping. This completely avoids the requirement for manpower. The average price of robotic equipment is around 40% more than that of conventional automated equipment. Such factors are expected to limit the market opportunities of conventional strapping machine providers in the forecast period.

This strapping machine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global strapping machine market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the strapping machine market during the forecast period.

Who are the Major Strapping Machine Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ASN Packaging Pvt Ltd.
  • Crown Holdings Inc.
  • Crown Packaging Corp.
  • Cyklop International
  • Dongguan Xutian Packing Machine Co. Ltd.
  • Dynaric Inc.
  • Fromm Holding AG
  • Hefei Seelong Import and Export Group Co. Ltd.
  • Hunan ADTO Industrial Group Co. Ltd.
  • Messersi Packaging Srl
  • Mosca GmbH
  • North Shore Strapping Inc.
  • Packmaster Machinery Pvt Ltd.
  • Polychem Corp.
  • Samuel Son and Co. Ltd.
  • StraPack Corp.
  • Tiger Pack Inc.
  • TITAN Umreifungstechnik GmbH and Co. KG
  • Transpak Equipment Corp.
  • VENUS HARTUNG PTY LTD.

 

This statistical study of the strapping machine market encompasses successful business strategies deployed by the key vendors. The strapping machine market is fragmented and the vendors are deploying growth strategies such as M and A and expansion of distribution channels to compete in the market.

Product Insights and News

  • Crown Holdings Inc. - The company offers strapping machines such as semi-automatic strapping machines, automatic strapping machines, fully automatic strapping machines, straps, strapping handtools, and system integrated strapping. Brand names of the company's strapping machines are Signode Predator MST, Signode Predator 12, Signode MOD GPX, and System integrated strapping machines. 
  • Crown Holdings Inc. - Through the transit packaging segment, the company offers industrial and protective solutions and equipment, and tools.   

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The strapping machine market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Strapping Machine Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the strapping machine market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Strapping Machine Market?

Strapping Machine Market Market segmentation by region

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34% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for strapping machines in North America. Market growth in this region will be faster than the growth of the market in Europe.

The significant increase in the demand for strapping machines from end-user industries such as paper and printing, steel, and tiles will facilitate the strapping machine market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

North America is one of the primary regions severely affected by the COVID-19 pandemic in 2020. The pandemic led many government organizations in the region to declare a total lockdown to contain the spread of the disease. The pandemic negatively affected end-user industries in various countries in the region due to lockdowns, travel restrictions, and business shutdowns. However, in the first half of 2021, several countries in North America lifted lockdowns and resumed their production and manufacturing activities, owing to the ramping up of the vaccination drives all over the region. Therefore, the demand for strapping machines is expected to increase during the forecast period.

What are the Revenue-generating Product Segments in the Strapping Machine Market?

Strapping Machine Market Segmentation

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The strapping machine market share growth by the automatic strapping machines segment will be significant during the forecast period. The significant increase in the demand for automatic strapping machines from the food and beverage industry owing to the rapid growth of the industry will facilitate the market growth through this segment in the coming years. For instance, the global food and beverage industry is expected to account for around USD 529.66 million by 2028.

This report provides an accurate prediction of the contribution of all the segments to the growth of the strapping machine market size and actionable market insights on post COVID-19 impact on each segment.

 

Strapping Machine Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.75%

Market growth 2022-2026

$ 1.75 billion

Market structure

Fragmented

YoY growth (%)

5.07

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 34%

Key consumer countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ASN Packaging Pvt Ltd., Crown Holdings Inc., Crown Packaging Corp., Cyklop International, Dongguan Xutian Packing Machine Co. Ltd., Dynaric Inc., Fromm Holding AG, Hefei Seelong Import and Export Group Co. Ltd., Hunan ADTO Industrial Group Co. Ltd., Messersi Packaging Srl, Mosca GmbH, North Shore Strapping Inc., Packmaster Machinery Pvt Ltd., Polychem Corp., Samuel Son and Co. Ltd., StraPack Corp., Tiger Pack Inc., TITAN Umreifungstechnik GmbH and Co. KG, Transpak Equipment Corp., and VENUS HARTUNG PTY LTD.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Strapping Machine Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive strapping machine market growth during the next five years
  • Precise estimation of the strapping machine market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the strapping machine industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of strapping machine market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Automatic - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Automatic - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Automatic - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Automatic - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Automatic - Year-over-year growth 2021-2026 (%)
    • 5.4 Semi-automatic - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Semi-automatic - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Semi-automatic - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Semi-automatic - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Semi-automatic - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 36: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Canada - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Crown Holdings Inc.
              • Exhibit 89: Crown Holdings Inc. - Overview
              • Exhibit 90: Crown Holdings Inc. - Business segments
              • Exhibit 91: Crown Holdings Inc. - Key offerings
              • Exhibit 92: Crown Holdings Inc. - Segment focus
            • 10.4 Crown Packaging Corp.
              • Exhibit 93: Crown Packaging Corp. - Overview
              • Exhibit 94: Crown Packaging Corp. - Product / Service
              • Exhibit 95: Crown Packaging Corp. - Key offerings
            • 10.5 Cyklop International
              • Exhibit 96: Cyklop International - Overview
              • Exhibit 97: Cyklop International - Product / Service
              • Exhibit 98: Cyklop International - Key news
              • Exhibit 99: Cyklop International - Key offerings
            • 10.6 Dongguan Xutian Packing Machine Co. Ltd.
              • Exhibit 100: Dongguan Xutian Packing Machine Co. Ltd. - Overview
              • Exhibit 101: Dongguan Xutian Packing Machine Co. Ltd. - Product / Service
              • Exhibit 102: Dongguan Xutian Packing Machine Co. Ltd. - Key offerings
            • 10.7 Dynaric Inc.
              • Exhibit 103: Dynaric Inc. - Overview
              • Exhibit 104: Dynaric Inc. - Product / Service
              • Exhibit 105: Dynaric Inc. - Key offerings
            • 10.8 Messersi Packaging Srl
              • Exhibit 106: Messersi Packaging Srl - Overview
              • Exhibit 107: Messersi Packaging Srl - Product / Service
              • Exhibit 108: Messersi Packaging Srl - Key news
              • Exhibit 109: Messersi Packaging Srl - Key offerings
            • 10.9 Mosca GmbH
              • Exhibit 110: Mosca GmbH - Overview
              • Exhibit 111: Mosca GmbH - Product / Service
              • Exhibit 112: Mosca GmbH - Key offerings
            • 10.10 Samuel Son and Co. Ltd.
              • Exhibit 113: Samuel Son and Co. Ltd. - Overview
              • Exhibit 114: Samuel Son and Co. Ltd. - Product / Service
              • Exhibit 115: Samuel Son and Co. Ltd. - Key offerings
            • 10.11 StraPack Corp.
              • Exhibit 116: StraPack Corp. - Overview
              • Exhibit 117: StraPack Corp. - Product / Service
              • Exhibit 118: StraPack Corp. - Key offerings
            • 10.12 Transpak Equipment Corp.
              • Exhibit 119: Transpak Equipment Corp. - Overview
              • Exhibit 120: Transpak Equipment Corp. - Product / Service
              • Exhibit 121: Transpak Equipment Corp. - Key news
              • Exhibit 122: Transpak Equipment Corp. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 123: Inclusions checklist
                • Exhibit 124: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 125: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 126: Research methodology
                • Exhibit 127: Validation techniques employed for market sizing
                • Exhibit 128: Information sources
              • 11.5 List of abbreviations
                • Exhibit 129: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  TechnavioINFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases
                  Technavio

                  TechnavioDATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts
                  Technavio

                  TechnavioREPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape
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                  Strapping Machine market growth will increase by $1752.56 million during 2022-2026.
                  The strapping machine market is expected to grow at a CAGR of 5.75% during 2022-2026.
                  Technavio has segmented the strapping machine market by product (Automatic and Semi-automatic) and geographic (North America, Europe, APAC, South America, and Middle East and Africa).
                  ASN Packaging Pvt Ltd., Crown Holdings Inc., Crown Packaging Corp., Cyklop International, Dongguan?áXutian?áPacking?áMachine Co. Ltd., Dynaric Inc., Fromm Holding AG, Hefei Seelong Import and Export Group Co. Ltd., Hunan ADTO Industrial Group Co. Ltd., Messersi Packaging Srl, Mosca GmbH, North Shore Strapping Inc., Packmaster Machinery Pvt Ltd., Polychem Corp., Samuel Son and Co. Ltd., StraPack Corp., Tiger Pack Inc., TITAN Umreifungstechnik GmbH and Co. KG, Transpak Equipment Corp., VENUS HARTUNG PTY LTD. are a few of the key vendors in the strapping machine market.
                  North America will register the highest growth rate of 33.71% among the other regions. Therefore, the strapping machine market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                  The key factors driving the strapping machine market growth are:
                  • Rising demand for strapping machines from e-commerce sector
                  • High growth potential in emerging economies
                  The strapping machine market vendors should focus on grabbing business opportunities from the automatic segment as it accounted for the largest market share in the base year.
                  • What are the key global market and the regional market share?
                  • What are the revenue-generating key market segments?
                  • What are the key factors driving and challenging this market’s growth?
                  • Who are the key market vendors and their growth strategies?
                  • What are the latest trends influencing the growth of this market?
                  • What are the variables influencing the market growth in the primary regions?
                  • What are the factors influencing the growth of the parent market?
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