Global heat staking machine market projected to reach US$ 1,161.4 million by 2034
From GlobeNewswire: 2024-10-22 06:00:00
According to Fact.MR, the global Heat Staking Machine Market is estimated at US$ 419.5 million in 2023, with a projected CAGR of 9.7% during 2024-2034. Heat staking is a bonding technique for plastic components in industries like medical and automotive, requiring precise temperature control for secure joints.
The demand for electric vehicle manufacturing and precise heat staking processes is growing, with technology advancements driving market growth. Heat staking is crucial in assembling plastic parts for smartphones and wearables, meeting the increasing demands of the consumer electronics industry for efficient solutions.
The heat staking machine market is expected to reach US$ 1,161.4 million by 2034, growing at a CAGR of 9.7%. East Asia is projected to hold a market share of 32.3% in 2034. Key players like Dukane Corp and Emerson Electric Co are driving innovation in automation and precision control for competitive market positions.
Leading players in the Heat Staking Machine market, including Dukane Corp and Emerson Electric Co., are investing in research and development to develop efficient and application-specific designs. In 2024, Vertex introduced the Vertex Basic Series heat staking presses, providing precision and versatility for small bench-top applications.
The Vertex Basic Series heat staking presses, launched in 2024, offer adaptability and accuracy for modest bench-top applications. Fact.MR offers unbiased analysis of the global Heat Staking Machine Market, covering historical data for 2019-2023 and forecast statistics for 2024-2034. Key segments include type, technology, and end-use industries across major regions worldwide.
The global Heat Staking Machine Market is projected to reach US$ 1,161.4 million by 2034, with East Asia holding a significant market share. Key players like Dukane Corp and Emerson Electric Co. are driving innovation in automation and precision control to meet market demands. Stay informed with Fact.MR’s valuable market insights and analysis.
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