VACUUM LAMINATION EQUIPMENT MARKET REPORT OVERVIEW
The Global Vacuum Lamination Equipment Market Size was estimated at USD 256.49 million in 2023 and is projected to reach USD 440.74 million by 2032, exhibiting a CAGR of 6.20% during the forecast period.
Vacuum lamination machines sometimes called vacuum blister machines use the principle of high and low pressure vacuums to paste PVC film laminated cards on various special shaped workplace equipment under certain process conditions. Printing film (PET) can be used after adding a silica gel plate, can also be pasted with solid wood veneer and can be used in furniture and house customisation and therefore has a variety of uses.
COVID-19 Impact: Market Growth Boosted By Pandemic Due To Sudden Lockdown and Travel Restrictions
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the increasing need for health-promoting products.
The sudden and indefinite lockdown, travel and trade restrictions and remote working forced many businesses to expand their digital image. This increased the demand for vacuum lamination equipment as businesses tried to amplify their online visibility and sought to optimise content for greater consumer engagement.
LATEST TRENDS
Integration of AI and IoT in lamination equipment helps boost market size
The development of automated systems having advanced sensors and control systems which allow for higher accuracy and efficiency in the lamination process help in boosting Vacuum Lamination Equipment Market Size. Manufacturers are also attempting to integrate IoT( Internet of Things) with the equipment to enhance capabilities, enable remote monitoring and control of the equipment, improving productivity and reducing downtime
VACUUM LAMINATION EQUIPMENT MARKET SEGMENTATION
By Type
- Full Automatic: This equipment is capable of performing all the lamination processes from film alignment to hot pressing without any manual intervention and has reduced labour costs
- Semi Automatic: This equipment requires some assistance but also allows more flexibility and customisation options
By Application
- Semiconductor: Vacuum lamination equipment is necessary for effectively bonding and encapsulating semiconductor wafers ensuring higher efficiency and protecting against external factors
- PCB: This equipment is required to laminate multiple layers of the circuit board enhancing the durability and reliability of the PCB
DRIVING FACTORS
Increase in use of lamination equipment by electronics industry boosts market growth
One of the factor that boosts Vacuum Lamination Equipment Market Growth is the increasing adoption of vacuum lamination technology in the electronics industry for manufacturing LCD’s OLED’s and touchscreen panels
Increase in use of lamination equipment in automotive industry boosts market growth
Secondly the growing usage of vacuum lamination equipment in the automotive industry for making lightweight and durable composite materials has also contributed to market growth
RESTRAINING FACTORS
High manufacturing and maintenance costs may impede market growth
High manufacturing cost of the machine, and its high maintenance cost after purchase may be factors that impede market growth in the vacuum laminating equipment industry
STREAMING CURRENT MARKET REGIONAL INSIGHTS
Presence of key market players, advanced technology and growing investment help North America dominate the market
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
North America dominates the market due to presence of key market players, advanced technological infrastructure and growing investment in the electronics industry which helps to increase the Vacuum Lamination Equipment Market Share in these regions.
KEY PLAYERS
Major industry players are pivotal in shaping the distribution system market, driving change through a dual strategy of continuous innovation and a well-thought-out global presence. By consistently introducing inventive solutions and staying at the forefront of technological progress, these key players redefine the industry's standards. Simultaneously, their expansive global reach enables effective market penetration, addressing diverse needs across borders. The seamless blend of groundbreaking innovation and a strategic international footprint positions these players as not only market leaders but also as architects of transformative shifts within the dynamic domain of the distribution system.
List of Market Players Profiled
- Nikko-Materials (Japan)
- Japan Steel Works (Japan)
- C SUN (Taiwan)
- Takatori Corporation (Japan)
- LEETECH (Korea)
- E&R Engineering Corporation (Taiwan)
RECENT DEVELOPMENT
November 2018 Kiefel TBL has come out with a completely automated laminating machine without any operators as operators are substituted by robots. By utilising a uniquely designed servo motor gripper system, the tailored blank foil precut is positioned and aligned on the substrate without any foil pre-stretch before the TBL-tool is closed and the vacuum laminating process takes place. Cutting knives, integrated in the TBL-tool are responsible for exact foil overlap length for the subsequent edge-folding process.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components, and identifying potential areas for growth.
Through this report we understand the latest trends and advancements in the vacuum lamination equipment market along with market segmentation based on type and application and the key market players. The report also attempts to predict future market trends analysing the current data provided.
