The Roto Moulding Machines Market is estimated at US$ 890 Million in 2022 and is projected to reach US$ 1,089 Million by 2030, at a CAGR of 2.9% from 2022 to 2030.

Roto Molding Machines Market Overview:

In recent years, the demand for rotational molding machines in the world is growing rapidly. Advances in technical knowledge related to the use of rotating molds have opened new avenues for growth in markets around the world. The rotocasting process is also at the heart of many manufacturing processes in industry and research. Unheated molds are in great demand across major industries, primarily due to the practical application of these molds in spin casting and centrifugal casting. Therefore, the total sales volume of the global rotational molding machine market is expected to increase at a tremendous rate in the coming years. Advances in plastics manufacturing are expected to propel the growth of the global rotational molding machine market.

In this review, several key trends related to the expansion of the global rotational molding machine market have been outlined. The quest in manufacturing to narrow down the most effective technologies for casting and forming has brought rotational molding machines into the spotlight. Beyond this, the need for effective molding and casting stems from the demand for well-finished designs made from consumer goods, especially plastics. It's worth mentioning that the coronavirus pandemic has halted industrial operations and manufacturing. Therefore, the global rotational molding machine market was also shocked during this period. However, as borders open and mitigation increases, demand within the rotational molding machine market is expected to recover.

Roto Molding Machines market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Roto Molding Machines market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Major Market Segments Covered in Roto Molding Machines Industry Research:

Market Key Players:
Polivinil Rotomachinery, NAROTO, M. Plast (India) Limited, Caccia Engineering S.r.l., Clips Poly Engineering, Reinhardt Roto-Machines, And Others.

Industruy News

• In August 2021, Ferry Industries, Inc., a leading manufacturer of rotational molding machines, announced the launch of a new series of machines dubbed "NEXUS" that include advanced features such as touchscreen control, automation and energy-efficient technology.
• In June 2021, The Japan Steel Works Ltd. (JSW) announced that it had developed a new large roto forming machine capable of forming products up to 3 m in diameter and up to 9 m in length.
• In March 2021, Italian rotational molding machine manufacturer Persico Group acquired US-based rotational molding machine manufacturer STP Rotomachinery. The acquisition was expected to strengthen Persico Group's position in the North American market.
• In February 2021, Rotational Molding Inc., a US-based rotational molding company, announced that it has invested in a new Ferry rotational molding machine that will enable the company to increase production capacity and reduce lead times.

By Type:

• 5 Work Areas
• 6 Work Areas

By Application:

• Chemical Industry
• Pharmaceutical Industry
• Food Industry
• Electronics Industry
• Others

By Region:

North America is expected to account for the largest revenue share during the forecast period owing to the rapid expansion of the plastics manufacturing industry in major countries such as the United States and Canada. Technological advancements and increasing production of leisure products, sports equipment, and demand for high-quality materials are expected to boost the demand for rotational molding machines in the region. In addition, the rapid growth of the chemical industry and increasing production of high-quality containers and industrial equipment are driving the demand for rotational molding machines. Additionally, increasing trade and tourism activities in the region leading to increased production of molded parts and products are some other factors expected to drive revenue growth for rotational molding machines over the forecast period.

Asia Pacific is expected to register significant revenue CAGR during the forecast period owing to population growth, rapid urbanization and increasing industrialization. Demand for packaging and plastic products is increasing due to changing consumer preferences and propensity for convenient products. In addition, rising disposable income and increasing purchasing power of the population are leading to the expansion of automobiles, toy manufacturing, and household items. These key factors are expected to drive the revenue growth of rotational molding machines in the region. Moreover, increasing demand for building and construction products from the private and public sectors are some of the key factors expected to drive sales growth of rotational molding machines in major countries such as India, China and Indonesia.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Drivers

Rapid industrialization and rising demand for industrial tanks and containers from various industries are some of the factors expected to drive market revenue growth. Growing demand for plastic products among consumers is driving a rapid increase in demand for rotational molding machines. Changing consumer preferences and increasing disposable income are increasing the demand for unique furniture pieces such as chairs, sofas, benches and more. Additionally, increased research activity and technological advances are driving cost-effective and advanced molding machines to be developed worldwide. Additionally, growth in the automotive industry, construction industry, and sports and playground equipment is driving the demand for rotational molding machines, which is expected to drive the market revenue growth over the forecast period.

Restraints

Strict government regulations regarding high energy and power usage for rotational molding machine operation are some key factors that may hamper revenue growth in the market. Additionally, availability of labor force, high cost of raw materials due to lockdowns and closures of manufacturing facilities are some of the factors expected to hamper market revenue growth. The initial investment cost for installing a molding machine is high. In addition, these machines can be utilized in the industrial production of a wide range of materials with limited and selective raw materials. These factors are expected to restrain the revenue growth of the market to a significant extent over the forecast period.

Opportunities

Governments around the world are making more and more efforts to deploy plastic products to meet customers' growing demand for convenient products. As home décor grows in importance, partnerships with key market players to develop attractive and aesthetically pleasing home décor products are growing. Additionally, the growing need to overcome operational challenges is expected to open up new avenues for key players and market growth.

Roto Molding Machines Market report scope:

Key Takeaways from this Roto Molding Machines Report

• Estimate Roto Molding Machines market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Roto Molding Machines market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Roto Molding Machines market?

The Roto Molding Machines Market is growing at a CAGR of 2.89% During Forecast Period.

 What are the key types of Roto Molding Machines market?

5 Work Areas, 6 Work Areas

What are the key applications of Roto Molding Machines market?

Chemical Industry, Pharmaceutical Industry, Food Industry, Electronics Industry, Others  

Who are the key players in Roto Molding Machines market?

Polivinil Rotomachinery, NAROTO, M. Plast (India) Limited, Caccia Engineering S.r.l., Clips Poly Engineering, Reinhardt Roto-Machines, And others.