Market revenue in 2023 | USD 930.5 million |
Market revenue in 2030 | USD 1,236.9 million |
Growth rate | 4.1% (CAGR from 2023 to 2030) |
Largest segment | Automatic |
Fastest growing segment | Semi Automatic |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 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 |
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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.
Automatic was the largest segment with a revenue share of 45.33% in 2023. Horizon Databook has segmented the Europe strapping machine market based on semi automatic, automatic, fully automatic covering the revenue growth of each sub-segment from 2018 to 2030.
The growth can be attributed to increasing popularity of online purchases in major western European economies such as the UK, Germany, and France along with other European nations such as Russia and Italy.
Growing online and offline retail markets in the region are fueling the demand for products in application industries such as consumer electronics, household appliances, food & beverage, and newspaper & graphics.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe strapping machine market , including forecasts for subscribers. This continent databook contains high-level insights into Europe strapping machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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