Strapping machines are various types of equipment that perform the action of bundling together products or parts by way of a strap or several straps that fasten an item to a material handling product, usually a pallet. Strapping is performed for many applications, including the reinforcement of packaging, which is the primary method of fastening products to a pallet. Strapping is also used as a method of combining many small products into one large bundle for easier material handling purposes.
The price of Strapping Machines is slightly decreased in nearly five years. For being accorded with the corresponding application area, the product price has a large differences.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this areas, the future will still have more new investment enter the field.
As large demand of Strapping Machines product, the domestic enterprises should hold the opportunity to improve their technology with domestic advantages, such as low raw material price.

According to this study, over the next five years the Strapping Machines market will register a 4.9% CAGR in terms of revenue, the global market size will reach USD 2330 million by 2024, from USD 1740 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Strapping Machines business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Strapping Machines market by product type, application, key manufacturers and key regions and countries.

This study considers the Strapping Machines value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Fully Automatic Strapping Machines
Automatic Strapping Machines
Semi-automatic Strapping Machines
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Food & Beverage
Consumer Electronics
Household Appliances
Newspaper & Graphics
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Signode
MJ Maillis
Cyklop
Fromm
StraPack
Mosca
Samuel Strapping Systems
Transpak
Polychem
Yongsun
Xutian Packing Machine

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Strapping Machines consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Strapping Machines market by identifying its various subsegments.
Focuses on the key global Strapping Machines manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Strapping Machines with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Strapping Machines submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.