- The key vendors in the Industrial Plastic Processing Machinery Market in the Americas 2015-2019 are Arburg Gmbh, Battenfeld-cincinnati GmbH, Chen Hsong Holdings Ltd., Fanuc Corp., Milacron LLC and Salzgitter AG
London, 18 March 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Industrial Plastic Processing Machinery Market in the Americas 2015-2019. Increased demand for used industrial plastic processing machinery is one of the key trends being witnessed in this market. With an increase in demand for industrial plastic processing machinery from emerging markets, the sale of used plastic processing machinery has witnessed significant growth. The Industrial Plastic Processing Machinery market in the Americas is expected to grow at a CAGR of 8.43 percent during the forecast period of 2014-2019.
The Industrial Plastic Processing Machinery market in the Americas is anticipated to grow at a rapid pace because of an augmented demand from the Packaging, Consumer/Institutional, Construction, and Automotive industries in the region.
“Manufacturers are producing plastic processing machines with many advanced features using the latest technology,” says Faisal Ghaus, Vice President of Technavio Research.
“Also, industrial plastic processing machinery manufacturers are developing advanced machinery by providing high-definition touchscreen displays for supervisory control and data acquisition, and they are equipping plastic processing machines with advanced design and simulation tools.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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