The global injection molding machines market size reached US$ 11.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 15.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.27% during 2023-2028.
Injection molding machines (IMM), or injection press, refer to mechanical equipment that injects molten materials, such as glass, metal, elastomers, and thermoplastic polymers, into a mold to mass produce identical items. They operate on multiple power sources, which offers flexibility, durability, higher accuracy, optimal strength, aesthetic appeal, and customization. On account of these properties, they are extensively used for manufacturing syringes, power tool housing, telephone handsets, car bumpers, disposable razors, and electrical switches. At present, injection molding machines are commercially available in varying system types, such as standard, multi-component, and liquid silicon rubber (LSR).
Injection molding machines (IMM), or injection press, refer to mechanical equipment that injects molten materials, such as glass, metal, elastomers, and thermoplastic polymers, into a mold to mass produce identical items. They operate on multiple power sources, which offers flexibility, durability, higher accuracy, optimal strength, aesthetic appeal, and customization. On account of these properties, they are extensively used for manufacturing syringes, power tool housing, telephone handsets, car bumpers, disposable razors, and electrical switches. At present, injection molding machines are commercially available in varying system types, such as standard, multi-component, and liquid silicon rubber (LSR).
Injection Molding Machines Market Trends:
The widespread adoption of injection molding machines across various industrial verticals, including healthcare, automotive, consumer goods, packaging, and electronics, for producing precise polymer components with complex shapes, is driving the market growth. In line with this, the global outbreak of the coronavirus disease (COVID-19) pandemic has intensified the utilization of injecting molding machines for manufacturing large quantities of medical supplies, such as air systems and syringes, which is acting as another growth-inducing factor. Moreover, the increasing demand for all-electric injection molding machines due to their various beneficial properties, such as minimal energy consumption, enhanced precision, high speed, reusability, and low maintenance, is contributing the market growth. Rapid technological advancements, such as the integration of the Internet of Things (IoT) and information and communication technology (ICT) solutions, to improve the manufacturing processes and overall product quality is further propelling the market growth. Other factors, such as rapid urbanization and industrialization, particularly in emerging economies, strategic collaborations amongst key players and the rising investments in the research and development (R&D) activities by the governments of various nations to introduce advanced automated machines are creating a positive outlook for the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global injection molding machines market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on machine type, material and application.Breakup by Machine Type:
- Hydraulic
- Electric
- Hybrid
Breakup by Material:
- Plastics
- Metals
- Others
Breakup by Application:
- Automotive
- Consumer Goods
- Packaging
- Electronics
- Others
Breakup by Region:
North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arburg GmbH + Co. KG, Chen Hsong Holdings Limited, Engel Holding Gesellschaft mbH, Haitian International, Japan Steel Works Ltd., KraussMaffei (China National Chemical Corporation), Milacron Holdings Corp. (Hillenbrand Inc.), Nissei Plastic Industrial Co. Ltd., Shibaura Machine Co. Ltd., Sumitomo Heavy Industries Ltd., Toyo Machinery & Metal Co. Ltd. and Ube Machinery Corporation Ltd. (Ube Industries Ltd.).Key Questions Answered in This Report:
- How has the global injection molding machines market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global injection molding machines market?
- What are the key regional markets?
- What is the breakup of the market based on the machine type?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global injection molding machines market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Injection Molding Machines Market
6 Market Breakup by Machine Type
7 Market Breakup by Material
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Arburg GmbH + Co. KG
- Chen Hsong Holdings Limited
- Engel Holding Gesellschaft mbH
- Haitian International
- Japan Steel Works Ltd.
- KraussMaffei (China National Chemical Corporation)
- Milacron Holdings Corp. (Hillenbrand Inc.)
- Nissei Plastic Industrial Co. Ltd.
- Shibaura Machine Co. Ltd.
- Sumitomo Heavy Industries Ltd.
- Toyo Machinery & Metal Co. Ltd. and Ube Machinery Corporation Ltd. (Ube Industries Ltd.)
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | May 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 11.2 Billion |
| Forecasted Market Value ( USD | $ 15.3 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
