03-Sep-2024
The growing construction industry across the globe along with the rising technological advancements are significantly boosting the growth of the ceramic machinery market.
According to a new research report by Next Move Strategy Consulting, the Ceramic Machinery Market was valued at USD 5.04 billion in 2023 and is predicted to reach USD 7.31 billion by 2030, with a CAGR of 5.0% from 2024 to 2030.
The booming construction industry is significantly driving the demand for ceramic products, including tiles, sanitary ware, and architectural elements, that in turn accelerating the growth of the ceramic machinery market. As global construction projects expand spanning across residential, commercial, and infrastructure developments, the need for high-quality, durable, and visually appealing ceramic materials increases.
The latest World Bank report highlights that the global construction sector generated approximately USD 27.81 trillion in revenue in 2023, up from USD 22.36 trillion, marking a 24.4% growth. This increased demand pushes manufacturers to invest in advanced ceramic machinery to boost production efficiency, uphold quality standards, and meet the higher output requirements, thus driving ceramic machinery market growth.
Moreover, technological advancements, including automation, digital printing, and the development of advanced materials, greatly improved ceramic machinery capabilities, allowing for the production of higher-quality and customized ceramic products. For instance, in July 2022, Bosch unveiled the world’s first 3D-printed ceramic microreactor, which merges cutting-edge ceramic materials with 3D printing technology. This innovative microreactor provides precise control over chemical reactions, enhancing efficiency and safety compared to traditional reactors. These technological improvements boost the ceramic machinery market demand for ceramic machinery by enabling more efficient, accurate, and innovative production processes.
For instance, in May 2024, SACMI expanded its business reach with the launch of a new Tiles Technical Hub in India to provide technical support and fast assistance to over 700 customers. This facility aims to enhance the company's support for the ceramic sector, particularly in tile production, by providing advanced technological solutions and services.
Also, in October 2023, SITI B&T launched its BT Quartz, a new line of plant innovations designed to enhance the efficiency and quality of the manufacturing process. These innovations aim to provide manufacturers with a more efficient, reliable, and cost-effective production process, leveraging Gruppo BT's expertise in engineering and manufacturing.
However, the high initial investment required for ceramic machinery presents a major financial hurdle, limiting market growth. The substantial costs involved in purchasing and setting up advanced equipment can be especially difficult for smaller companies and startups. These significant upfront expenses restrict their ability to invest in new technologies, affecting their competitiveness and innovation potential. Furthermore, the ongoing costs for maintenance and technical support add to the financial strain. Consequently, the market’s overall growth is hindered as many potential entrants and smaller manufacturers find it challenging to afford and adopt advanced production tools.
On the contrary, the adoption of inkjet technology in ceramic machinery is expected to create substantial future growth in the market by enabling high-resolution, customizable printing directly on ceramic surfaces. This technology allows for the creation of intricate designs, vivid colors, and detailed patterns, improving the visual appeal and personalization of ceramic products. Additionally, the flexibility and efficiency of inkjet technology streamline production processes, minimizing the need for traditional, labor-intensive methods. As a result, inkjet technology presents a valuable investment opportunity, expanding the ceramic machinery market trends and encouraging innovation in the ceramic machinery sector.
According to the report, leading key players operating in the ceramic machinery industry include Keda Industrial Company Limited, SACMI Imola S.C., SITI B&T Group S.p.A., Air Power Group S.p.A., KERA jet S.A., Mectiles Italia S.R.L., Breton S.p.A., Coesia S.p.A. (System Ceramics), LB Technology, Handle Gmbh and among others.
The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
The value chain analysis in the ceramic machinery market study provides a clear picture of the roles of each stakeholder.
The market share of the players in the ceramic machinery market along with their competitive analysis are provided in the report.
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