Die cutting machines market is projected to grow from US$ 1.0 billion in 2020 to US$ 2.1 billion by 2029. die cutting machines market is driven by rapid industrialization across the globe. Rising demand from various industrial processes also drives growth of the die cutting machines market. Various technological advancements along with higher demand from manufacturing processes are expected to provide numerous opportunities for the die cutting machines market over the forecast period.

The report "Die Cutting Machines Market, By Product (Flat Die Cutting Machine, Laser Die Cutting Machinery, and Rotary Die Cutting Machine), By Technology (Metal-to-Metal, Kiss Cutting, and Slitting & Scoring), By Distribution Channel (Direct Sales and Distributor Sales), By End-use (Automobile Industry, Medical & Pharmaceutical Industry, Textile Industry, Manufacturing, and Other Industrial Domains), and Region - Forecast to 2029"

Key Highlights:

• On July 2019, Bobst Group S.A. has lead major innovations for materials, new technologies, and efficient production processes which will boost the Company growth in 2019. BOBST solutions are one step ahead in supporting the industry in its commitment to a circular economy, resource conservation and digitalization.
• In December 2017, PT Plasindo Lestari and Cerutti rejoin their longstanding collaboration. Other five Cerutti lines successfully started production in Indonesia and Thailand.

Key Market Insights from the report:          

The die cutting machines market accounted for US$ 1.0 billion in 2020 and is projected to register a moderate CAGR of 2.1 % over the forecast period. The market report has been segmented on the basis of application, end-user, and region.

• By product, the die cutting machine market is segmented into flat die cutting machine, laser die cutting machinery, and rotary die cutting machine.
• By technology, the die cutting machines market is bifurcated into metal-to-metal, kiss cutting, and slitting & scoring.
• By distribution channel, the global market is categorized into direct sales and distributor sales.
• By end-use, the die cutting machines market is segmented into automobile industry, medical & pharmaceutical industry, textile industry, manufacturing, and other industrial domains.

By region, North America, Europe, and China dominate the die cutting machine market in terms of region due to their advanced production technology and rapid industrialization. Die cutting machines industry is highly fragmented with a variety of local and mid-sized competitors.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on " Die cutting machines Market”, By Product (Flat Die Cutting Machine, Laser Die Cutting Machinery, and Rotary Die Cutting Machine), By Technology (Metal-to-Metal, Kiss Cutting, and Slitting & Scoring), By Distribution Channel (Direct Sales and Distributor Sales), By End-use (Automobile Industry, Medical & Pharmaceutical Industry, Textile Industry, Manufacturing, and Other Industrial Domains),and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)- forecast till 2029

The prominent player operating in the die cutting machines market includes ASAHI Group Hoilding Ltd., Bobst Group S.A., Cerutti Group S.A., Zhengzhou Yutong Group Co., Ltd., Duplo data AS, FXD LLC, Hannan Products Compant, Inc., Heidelberger Druckmaschinen AG, Higher Shengli Printing Machinery Group, IIJIMA MFG Corp., and Labelmen Enterprises.

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