Plastic Knob Trends and Forecast
The future of the global plastic knob market looks promising with opportunities in the industrial, automobile, and aerospace markets. The global plastic knob market is expected to grow with a CAGR of 4.2% from 2024 to 2030. The major drivers for this market are increasing demand for plastic knobs in automotive and electronics industries, growing emphasis on lightweight and cost-effective solutions, and expansion of consumer electronics and appliance sectors worldwide.
• Lucintel forecasts that polyamide is expected to witness the highest growth over the forecast period.
• Within this market, industrial is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Plastic Knob Co. announced a 20% reduction in plastic waste by 2025, aligning with government sustainability goals. The company also launched a line of eco-friendly knobs made from recycled materials, in response to increasing consumer demand for sustainable products.
China: Leading plastic knob manufacturer, TechPlast Inc., revealed plans to invest $50 million in upgrading production facilities to enhance efficiency and reduce carbon emissions. The Chinese government pledged support for such initiatives, aiming to promote innovation and environmental responsibility in the manufacturing sector.
Germany: KnobTech GmbH introduced smart knobs embedded with IoT sensors for improved functionality and energy efficiency. The German government announced subsidies for companies investing in smart manufacturing technologies to boost competitiveness in the global market and accelerate the transition to Industry 4.0.
Japan: In a joint effort with the government, Plastic Innovations Co. set ambitious targets to develop biodegradable plastic knobs by 2025, aiming to address environmental concerns and comply with stricter regulations. The Japanese government provided research grants and tax incentives to encourage innovation in sustainable materials and reduce plastic pollution.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Plastic Knob by Segment
The study includes a forecast for the global plastic knob by type, application, and region.
Plastic Knob Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Polyamide
• Polypropylene
• POM
Plastic Knob Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Industrial
• Automobile
• Aerospace
• Others
Plastic Knob Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Plastic Knob Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies plastic knob companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the plastic knob companies profiled in this report include-
• NBK
• GAMM
• Imao Corporation
• ELESA
• Vital Parts Ltd
• ISC PLASTIC PARTS
• Innovative Components
• Jergens
• Berardi Bullonerie
• Dimcogray
Recent Development in the Plastic Knob Market
Acme Plastics: Acme Plastics introduces eco-friendly plastic knobs made from recycled materials, aiming to reduce environmental impact and promote sustainability in knob manufacturing.
KnobTech Inc.: KnobTech Inc. launches a series of smart plastic knobs equipped with IoT sensors, enabling users to monitor usage data and optimize performance for various applications.
PolyKnob Solutions: PolyKnob Solutions collaborates with leading automotive manufacturers to develop specialized plastic knobs with enhanced durability and ergonomic designs, catering to the automotive industryÄX%$%Xs stringent requirements.
DynaPlast Industries: DynaPlast Industries pioneers the use of 3D printing technology in plastic knob production, offering customized designs and rapid prototyping services to meet diverse customer needs.
GlobalKnob Corporation: GlobalKnob Corporation partners with renowned industrial designers to create aesthetically pleasing plastic knobs, focusing on combining functionality with visual appeal to enhance user experience across different sectors.
Features of the Global Plastic Knob Market
Market Size Estimates: Plastic knob market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Plastic knob market size by type, application, and region in terms of value ($B).
Regional Analysis: Plastic knob market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the plastic knob market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the plastic knob market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for plastic knob market?
Answer: The global plastic knob market is expected to grow with a CAGR of 4.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the plastic knob market?
Answer: The major drivers for this market are increasing demand for plastic knobs in automotive and electronics industries, growing emphasis on lightweight and cost-effective solutions, and expansion of consumer electronics and appliance sectors worldwide.
Q3. What are the major segments for plastic knob market?
Answer: The future of the global plastic knob market looks promising with opportunities in the industrial, automobile, and aerospace markets.
Q4. Who are the key plastic knob market companies?
Answer: Some of the key plastic knob companies are as follows:
• NBK
• GAMM
• Imao Corporation
• ELESA
• Vital Parts Ltd
• ISC PLASTIC PARTS
• Innovative Components
• Jergens
• Berardi Bullonerie
• Dimcogray
Q5. Which plastic knob market segment will be the largest in future?
Answer: Lucintel forecasts that polyamide is expected to witness the highest growth over the forecast period.
Q6. In plastic knob market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the plastic knob market by type (polyamide, polypropylene, and pom), application (industrial, automobile, aerospace, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Plastic Knob Market, Plastic Knob Market Size, Plastic Knob Market Growth, Plastic Knob Market Analysis, Plastic Knob Market Report, Plastic Knob Market Share, Plastic Knob Market Trends, Plastic Knob Market Forecast, Plastic Knob Companies, write Lucintel analyst at email:Â helpdesk@lucintel.com. We will be glad to get back to you soon.