The global Injection Molding Machine market is forecast to reach USD 23.31 Billion by 2030, according to a new report by Reports and Data. It is expected that the superior structural properties of injection molding machine, growth modernization, and increased demand from existing and emerging applications would boost demand for the machine globally. The growing demand for injection-molded plastic products is expected to drive the adoption of molding machines for injection. Also, it is anticipated that increased focus on the use of energy-efficient devices would propel the growth of the global injection molding machine market. Besides, it is estimated that the development of the hybrid machine and the surge in the use of all-electric machines will fuel global market growth over the coming years. Growing information about energy saving also propels the market growth. Moreover, higher production levels and rapid production by injection molding are expected to cater for growth in the industry.
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Top Players in the Global Injection Molding Machine Market:
Sumitomo (SHI) Demag Plastics Machinery GmbH, ARBURG GmbH + Co KG, Chen Hsong Holdings Limited, Husky Injection Molding Systems, Haitian International Holdings Limited, Milacron, Nissei Plastic Industrial Co., Ltd., Engel, Japan Steel Works Ltd., Toyo Machinery Metal Co. Ltd., Ved Machinery, and Electronica Plastic Machines Limited.
The injection molding machine provides enhanced precision in manufacturing products, improved durability, and a high level of process energy efficiency, which helps to manufacture a wide range of products. The greater emphasis of lightweight materials in the automotive industry has projected the use of plastics in the manufacturing of automotive parts, which will, in turn, drive the market. Increasing population, rising industrialization, and emerging technologies have created a demand for the automobile in developing economies.
High injection molding machines prices and high tooling costs, however, impede the market growth. Alternatively, technical advancements and innovations in architecture deliver lucrative business opportunities.
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Injection Molding Machine Market segmentation:
Material Outlook (Revenue, USD Billion; 2019–2030)
- Plastic
- Metal
Technology Outlook (Revenue, USD Billion; 2019–2030)
- Hydraulic
- Electric
- Hybrid
Application Outlook (Revenue, USD Billion; 2019–2030)
- Automotive
- Consumer Goods
- Packaging
- Electronics
- Others
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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