China Strapping Machine Market Size & Outlook, 2023-2030
China strapping machine market, 2018-2030 (US$M)
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China strapping machine market highlights
- The China strapping machine market generated a revenue of USD 658.2 million in 2023 and is expected to reach USD 976.3 million by 2030.
- The China market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, semi automatic was the largest revenue generating product in 2023.
- Semi Automatic is the most lucrative product segment registering the fastest growth during the forecast period.
Strapping machine market data book summary
| Market revenue in 2023 | USD 658.2 million |
| Market revenue in 2030 | USD 976.3 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Semi automatic |
| Fastest growing segment | Semi Automatic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Semi Automatic, Automatic, Fully Automatic |
| Key market players worldwide | Dynaric Inc, MJ Maillis, Polychem Corporation, Signode Packaging Systems, FROMM, Mosca, Samuel Strapping Systems, StraPack, Strapex |
Other key industry trends
- In terms of revenue, China accounted for 12.9% of the global strapping machine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China strapping machine market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 976.3 million by 2030.
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Strapping Machine Market Scope
Strapping Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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China strapping machine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to strapping machine market will help companies and investors design strategic landscapes.
Semi automatic was the largest segment with a revenue share of 49.73% in 2023. Horizon Databook has segmented the China strapping machine market based on semi automatic, automatic, fully automatic covering the revenue growth of each sub-segment from 2018 to 2030.
Robust growth in various application industries, especially consumer electronics, is expected to fuel the demand for strapping machines over the forecast period.
China being the largest exporter of consumer electronics, requires a large number of strapping machines for the safe shipment of products.
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Our clientele includes a mix of strapping machine market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China strapping machine market , including forecasts for subscribers. This country databook contains high-level insights into China strapping machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China strapping machine market size, by product, 2018-2030 (US$M)
China Strapping Machine Market Outlook Share, 2023 & 2030 (US$M)
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