Market Overview:
The global shrinkage gun market is expected to register a CAGR of 5.5% during the forecast period, 2018-2030. The shrinkage gun market is segmented on the basis of type, application and region. On the basis of type, the shrinkage gun market is segmented into electro-thermal and gas heating segments. The electro-thermal segment is further sub-segmented into resistive heaters and induction heaters segments. The gas heating segment is further sub-segmented into propane and butane segments. On the basis of application, the shrinkage gun market is divided into packaging and DIY handmade applications segments. In terms of region, North America dominates the global shrinkage gun market in terms revenue contribution followed by Europe in second place owing to high demand from end user industries such as automotive & transportation, electrical & electronics etc.
Product Definition:
A shrinkage gun is a device used to measure the amount of shrinkage that occurs in a material when it is heated. The gun uses a laser to measure the size of an object before and after it is heated, and then calculates the percentage of shrinkage. This information can be used to determine how much material needs to be used for a particular project, or how much needs to be removed after heating in order to achieve the desired size.
Electro-thermal:
Electro-thermal (ET) shrinkage guns are used for shrinking or expanding the size of various parts and components in electrical and electronic devices. The working principle is based on thermal effect which causes a change in temperature of material due to applied electric current. It can be used for plastic, rubber, aluminum alloys, copper alloys as well as other metal materials.
Gas Heating:
Gas heating is the process in which a gas such as natural or liquefied petroleum gas is used to generate heat for the purpose of shrinkingage. The source of energy for this process could be either natural gas, liquid petroleum gas or even electricity.
Application Insights:
Packaging was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. The shrinkage guns are widely used for packaging various consumer goods such as electronic components, home appliances, cosmetics, toys among others. The DIY handmade application segment is also expected to grow significantly over the next eight years owing to increasing demand for shrink bags from consumers across the globe. Shrinkage bags are used for packaging small electrical components such as LEDs and resistors that cannot be fitted into a standard package due to space constraints.
The Asia Pacific region has been witnessing significant growth in recent years on account of rising manufacturing activities of electronics & IT products in this region coupled with high population base.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for nearly half of global population and most of the global GDP. It is also one of the fastest-growing economies with a large consumer base, which has led to an increase in demand from countries such as China, Japan, India, South Korea and Indonesia among others.
The packaging application accounted for more than 30% share in Asia Pacific shrinkage gun market owing to increasing demand from various end-use industries such as electrical & electronics (ITE), medical & healthcare (DYI) among others.
Growth Factors:
- Increasing demand for shrinkage guns in the packaging and printing industry for accurate and efficient labeling.
- Growing popularity of shrinkage guns among DIY enthusiasts for shrinking clothes, toys, and other household items.
- Rising demand from small-scale businesses that need an affordable yet effective way to package their products securely.
- Increasing use of shrinkage guns in the security industry as a non-lethal deterrent against theft or vandalism.
Scope Of The Report
Report Attributes
Report Details
Report Title
Shrinkage Gun Market Research Report
By Type
Electro-thermal, Gas Heating
By Application
Packaging, DIY Handmade
By Companies
MSK, MECATRACTION, SES-STERLING, Xhnotion, Alpha Wire, RIPACK SEFMAT, BELCA, Yongkang Golden Sky Imp.& Exp. Co., Ltd., SHRINKFAST, LEISTER Technologies AG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Shrinkage Gun Market Report Segments:
The global Shrinkage Gun market is segmented on the basis of:
Types
Electro-thermal, Gas Heating
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Packaging, DIY Handmade
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MSK
- MECATRACTION
- SES-STERLING
- Xhnotion
- Alpha Wire
- RIPACK SEFMAT
- BELCA
- Yongkang Golden Sky Imp.& Exp. Co., Ltd.
- SHRINKFAST
- LEISTER Technologies AG
Highlights of The Shrinkage Gun Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electro-thermal
- Gas Heating
- By Application:
- Packaging
- DIY Handmade
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Shrinkage Gun Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A shrinkage gun is a tool used to reduce the size of objects by using heat and pressure.
Some of the major players in the shrinkage gun market are MSK, MECATRACTION, SES-STERLING, Xhnotion, Alpha Wire, RIPACK SEFMAT, BELCA, Yongkang Golden Sky Imp.& Exp. Co., Ltd., SHRINKFAST, LEISTER Technologies AG.
The shrinkage gun market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Shrinkage Gun Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Shrinkage Gun Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shrinkage Gun Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Shrinkage Gun Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Shrinkage Gun Market Size & Forecast, 2020-2028
4.5.1 Shrinkage Gun Market Size and Y-o-Y Growth
4.5.2 Shrinkage Gun Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electro-thermal
5.2.2 Gas Heating
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Packaging
6.2.2 DIY Handmade
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shrinkage Gun Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Shrinkage Gun Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electro-thermal
9.6.2 Gas Heating
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Packaging
9.10.2 DIY Handmade
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electro-thermal
10.6.2 Gas Heating
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Packaging
10.10.2 DIY Handmade
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electro-thermal
11.6.2 Gas Heating
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Packaging
11.10.2 DIY Handmade
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electro-thermal
12.6.2 Gas Heating
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Packaging
12.10.2 DIY Handmade
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electro-thermal
13.6.2 Gas Heating
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Packaging
13.10.2 DIY Handmade
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Shrinkage Gun Market: Competitive Dashboard
14.2 Global Shrinkage Gun Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MSK
14.3.2 MECATRACTION
14.3.3 SES-STERLING
14.3.4 Xhnotion
14.3.5 Alpha Wire
14.3.6 RIPACK SEFMAT
14.3.7 BELCA
14.3.8 Yongkang Golden Sky Imp.& Exp. Co., Ltd.
14.3.9 SHRINKFAST
14.3.10 LEISTER Technologies AG
