Market Overview:
The Global Shrink Guns Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for shrink guns in various end-use industries such as construction, mechanical, automobile, and others. In addition, the growing trend of using shrink guns for packaging applications is also contributing to the market growth. However, volatility in prices of raw materials used in manufacturing shrink guns may hamper the market growth during the forecast period. Based on type, manual shrink guns accounted for a major share of the global market in 2017 and are expected to dominate during the forecast period as well. This can be attributed to their low cost and easy operability as compared with automatic shrink guns.
Product Definition:
The shrink gun is a device that is used to shrink the size of an object. The importance of the shrink gun is that it can be used to reduce the size of an object so that it can fit into a smaller space.
Manual Shrink Guns:
Manual shrink guns are used for shrinking or expanding the size of an article, mainly for packaging purposes. The shrinking process is done by using heat or cold as the case may be. The product has a wide range of applications in industries such as healthcare, food & beverages and electronics among others.
The manual shrink gun industry is expected to witness significant growth over the forecast period owing to its increasing demand from end-user industries coupled with technological advancements in this sector.
Automatic Shrink Guns:
Automatic shrink guns are used to reduce the size of an object by approximately 50% in a few seconds. The shrinking process is done by using heat and pressure, which is generated through a mechanism. These mechanisms can be manual or automatic. Automatic ones are more popular as compared to the manual ones due to their efficiency and speed.
Application Insights:
The construction industry accounted for the largest market share in 2017 and is expected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for shrink pipes in various construction activities such as pipe-laying, concrete mixing, road building and tunneling. In addition, factors such as growing urbanization along with industrialization and rising income levels are anticipated to boost product demand over the coming years.
The mechanical industry segment is also expected to witness significant growth owing to high product adoption across various applications including metalworking, plastic working & molding machines among others which include automotive components manufacturing process Shrinkage equipment plays an important role during component assembly by reducing or eliminating errors caused due by improper fit of parts together or confusion between part names/ numbers during development stage of a vehicle¢â‚¬â„¢s lifecycle (R&D).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing government initiatives for infrastructure development. In addition, rising disposable income levels in developing countries like China and India are expected to fuel the product demand over the forecast period. Europe is also estimated to witness significant growth over the coming years due to stringent regulations by various regulatory bodies pertaining shrinkage in products as well as during manufacturing process of electronic components or automobiles.
Growth Factors:
- Increasing demand for shrink guns in the retail sector for packaging and labeling products.
- Growing popularity of shrink guns among small businesses due to their low cost and easy operation.
- Rising demand from the manufacturing sector for shrinking large objects such as cables, wires, and hoses.
- Increasing use of shrink guns in promotional activities by brands to create a unique shopping experience for customers.
- Technological advancements that have led to the development of new and improved models of shrink guns with enhanced features
Scope Of The Report
Report Attributes
Report Details
Report Title
Shrink Guns Market Research Report
By Type
Manual Shrink Guns, Automatic Shrink Guns
By Application
Construction Industry, Mechanical Industry, Automobile Industry, Other
By Companies
LEISTER Technologies AG, GUILBERT EXPRESS, Alpha Wire, SHRINKFAST, RIPACK SEFMAT, MSK, MAC DUE, SES-STERLING, rotec GmbH & Co. KG
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Shrink Guns Market Report Segments:
The global Shrink Guns market is segmented on the basis of:
Types
Manual Shrink Guns, Automatic Shrink Guns
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
Construction Industry, Mechanical Industry, Automobile Industry, Other
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:
- LEISTER Technologies AG
- GUILBERT EXPRESS
- Alpha Wire
- SHRINKFAST
- RIPACK SEFMAT
- MSK
- MAC DUE
- SES-STERLING
- rotec GmbH & Co. KG
Highlights of The Shrink Guns 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:
- Manual Shrink Guns
- Automatic Shrink Guns
- By Application:
- Construction Industry
- Mechanical Industry
- Automobile Industry
- Other
- 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 Shrink Guns 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?
Shrink Guns are used to reduce the size of objects. They use a heat or cold beam to shrink an object.
Some of the major companies in the shrink guns market are LEISTER Technologies AG, GUILBERT EXPRESS, Alpha Wire, SHRINKFAST, RIPACK SEFMAT, MSK, MAC DUE, SES-STERLING, rotec GmbH & Co. KG.
The shrink guns market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Shrink Guns Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Shrink Guns Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Shrink Guns Market - Supply Chain
4.5. Global Shrink Guns Market Forecast
4.5.1. Shrink Guns Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Shrink Guns Market Size (000 Units) and Y-o-Y Growth
4.5.3. Shrink Guns Market Absolute $ Opportunity
5. Global Shrink Guns Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Shrink Guns Market Size and Volume Forecast by Type
5.3.1. Manual Shrink Guns
5.3.2. Automatic Shrink Guns
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Shrink Guns Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Shrink Guns Market Size and Volume Forecast by Application
6.3.1. Construction Industry
6.3.2. Mechanical Industry
6.3.3. Automobile Industry
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Shrink Guns Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Shrink Guns Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Shrink Guns Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Shrink Guns Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Shrink Guns Demand Share Forecast, 2019-2026
9. North America Shrink Guns Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Shrink Guns Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Shrink Guns Market Size and Volume Forecast by Application
9.4.1. Construction Industry
9.4.2. Mechanical Industry
9.4.3. Automobile Industry
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Shrink Guns Market Size and Volume Forecast by Type
9.7.1. Manual Shrink Guns
9.7.2. Automatic Shrink Guns
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Shrink Guns Demand Share Forecast, 2019-2026
10. Latin America Shrink Guns Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Shrink Guns Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Shrink Guns Market Size and Volume Forecast by Application
10.4.1. Construction Industry
10.4.2. Mechanical Industry
10.4.3. Automobile Industry
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Shrink Guns Market Size and Volume Forecast by Type
10.7.1. Manual Shrink Guns
10.7.2. Automatic Shrink Guns
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Shrink Guns Demand Share Forecast, 2019-2026
11. Europe Shrink Guns Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Shrink Guns Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Shrink Guns Market Size and Volume Forecast by Application
11.4.1. Construction Industry
11.4.2. Mechanical Industry
11.4.3. Automobile Industry
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Shrink Guns Market Size and Volume Forecast by Type
11.7.1. Manual Shrink Guns
11.7.2. Automatic Shrink Guns
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractivenes/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Shrink Guns Demand Share, 2019-2026
12. Asia Pacific Shrink Guns Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Shrink Guns Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Shrink Guns Market Size and Volume Forecast by Application
12.4.1. Construction Industry
12.4.2. Mechanical Industry
12.4.3. Automobile Industry
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Shrink Guns Market Size and Volume Forecast by Type
12.7.1. Manual Shrink Guns
12.7.2. Automatic Shrink Guns
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Shrink Guns Demand Share, 2019-2026
13. Middle East & Africa Shrink Guns Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Shrink Guns Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Shrink Guns Market Size and Volume Forecast by Application
13.4.1. Construction Industry
13.4.2. Mechanical Industry
13.4.3. Automobile Industry
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Shrink Guns Market Size and Volume Forecast by Type
13.7.1. Manual Shrink Guns
13.7.2. Automatic Shrink Guns
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Shrink Guns Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Shrink Guns Market: Market Share Analysis
14.2. Shrink Guns Distributors and Customers
14.3. Shrink Guns Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. LEISTER Technologies AG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GUILBERT EXPRESS
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Alpha Wire
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SHRINKFAST
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. RIPACK SEFMAT
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. MSK
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MAC DUE
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SES-STERLING
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. rotec GmbH & Co. KG
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
