The global rotational moulding machines market size was substantial in 2021, and it is predicted to experience a rapid increase in revenue CAGR over the forecast period. The demand for high durability and high-quality products in the automotive, chemical, and hardware industries will contribute to the growth of the rotational moulding machines market. This casting technique produces hollow, seamless, and double-walled parts using a heated hollow molding tool filled with a shot weight of material or thermoplastic resins. The rotational moulding process is cost-effective, leading to the production of parts with high durability and strength, resulting in increased demand.
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The market's growth drivers include rapid industrialization, increased demand for plastic products, changing consumer preferences, increasing disposable income, and cost-effective and advanced moulding machines being developed worldwide, boosting demand from the automotive, construction, sports, and playground equipment industries. However, stringent government regulations regarding high energy and power usage, unavailability of workforce, high raw material costs due to lockdown, and high initial investment costs and limited raw materials for industrial production can hamper market revenue growth. The global rotational moulding machines market presents opportunities for companies to partner with key players for the development of attractive and aesthetically pleasing home decor products and to overcome operational challenges. Based on application, the chemical segment is expected to account for the largest revenue share over the forecast period, while based on type, the two arms segment is expected to register significant revenue growth. North America is predicted to account for the largest revenue share, while Asia Pacific is expected to register significant revenue CAGR over the forecast period.
Rotational Moulding Machines Market: Drive Factors
Rotational molding machines market is influenced by various factors. Some of the key drivers are:
1. Growing demand for plastic products: The increasing demand for plastic products in various industries such as automotive, construction, and consumer goods is driving the demand for rotational molding machines.
2. Technological advancements: The development of advanced rotational molding machines with improved efficiency and reduced energy consumption is driving their adoption in various industries.
3. Cost-effectiveness: Rotational molding machines are cost-effective and require low maintenance compared to other molding technologies, which is driving their adoption in various industries.
4. Customization: Rotational molding machines offer the ability to customize the shape and size of the final product, which is driving their adoption in various industries.
5. Environmental concerns: Rotational molding machines use less energy and generate less waste compared to other molding technologies, which is driving their adoption in industries where environmental concerns are high.
6. Growing demand for fuel tanks: The growing demand for fuel tanks in the automotive industry is driving the demand for rotational molding machines, as they are used to manufacture fuel tanks due to their durability and safety.
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