Injection Molding Machinery Market Share Accelerated to 13.42 billion USD by Growing Technology, Demands, Size, Share, Regional Outlook, Top Players, Development and Trends till 2030

Injection Molding Machinery Market Research Report and Growth Analysis 2023 by Type (Electric, Hydraulic, and Hybrid Machines), Clamping Force (less than 200 tons force, 200 to 500 tons force, and more than 500 tons force), Material (rubber, metal, plastic, and ceramics), End-Use (automotive, packaging, consumer goods, health care, electricals & electronics), and Region (North America, Asia-Pacific, Europe, South America, and the Middle East & Africa) —Forecast till 2027

Injection Molding Machinery Market Research Future Insights

According to marker research future insights analysis, the global injection molding machinery market is expected to register a CAGR of ~ 3.89 % from 2022 to 2030 and hold a value of over ~ USD 13.42 billion by 2027.

It is projected that more industries, including automotive, electronics, consumer goods, and packaging, has embrace injection-molded components. Important enterprises were negatively impacted by the Covid-19 pandemic, which prevented investments in cutting-edge technologies like robots and job expansion. The ability to scale up production is the primary advantage of using an injection moulding machine in the manufacturing process. As a result of the pandemic, fewer people were employed in industrial facilities, which hurt businesses. Following the outbreak, there has been a rise in the demand for medical equipment injection molded products.

Key Players

Some of the key market players are,

• Arburg GmbH + Co KG
• Haitian International Holdings Limited
• Milacron
• Nissei Plastic Industrial Co., Limited
• Engel Austria GmbH
• Sumitomo (SHI) Demag Plastics Machinery GmbH
• Chen Hsong Holdings Limited
• Toyo Machinery & Metal Co., Ltd.
• Husky Injection Molding Systems Ltd.
• Japan Steel Works Limited
• KraussMaffei Group
• UBE Machinery
• Shibaura Machine Co. Ltd.
• WittmannBattenfeld
• Hillenbrand, INC and others.

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The demand for goods such as processed food and beverages, medications, cars, and gadgets has considerably expanded due to the growing world population. Due to its adaptability and capacity to be modified to meet certain needs, this has increased the use of plastic. Due to benefits including a low labor need, high production rate, and minimal waste, plastic usage in injection molding is expanding quickly. The versatility of injection molding machines is also increased by the fact that they can process a variety of plastics.

Injection Molding Machinery Market Regional Analysis

Asia Pacific dominated the market for injection molding machinery in 2021. Due to the significant expenditures made in the region by the governments of many nations for the growth of the public infrastructure and the expansion of residential construction. APAC had a greater consumer demand for automobiles, consumer goods, and electronics due to the growing population there, which is largely attributed to developing nations like China and India

North America was the fastest-growing region for injection molding machinery. Injection molding is anticipated to drive this industry in the region over the next few years due to its growing use in packaging solutions. The North American packaging market is expanding due to continuous urbanization, rising consumer spending power, ongoing industrialization, and shifting consumer food preferences.

Injection Molding Machinery Market Segmentation

The global injection molding machine market has been segmented into material, technology and end-use.

Based on product type, the market has been segmented into plastic, metal, and others. The plastic segment accounted for the largest share of the market in 2021. Because of their affordability and lightweight, plastic parts are rapidly becoming more popular in the automobile sector, which is likely to drive the segment’s expansion over the forecast period. On the other hand, the metal segment is anticipated to be the fastest-growing segment during the forecast period. The demand for metal molded products has increased due to improved surface polish, high resistance, and the capacity to produce complicated parts.

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Based on technology, the market has been segmented into hydraulic, electric, and hybrid. Hydraulic accounted for the largest revenue share in 2021 in the injection molding machine market. Hydraulic components’ strong wear and tear durability, capacity to be produced in large quantities, sophisticated design for the automobile industry, reduced start-up costs, manufacture of exact molds, and extensive application in the automotive, marine, and aerospace sectors where heavy force is required. Electric was the fastest-growing segment. Energy-efficient requires less time to start up and only uses energy when the equipment moves.

Based on end-user, the market has been segmented into automotive, consumer goods, packaging, electronics, and others. The automotive segment accounted for the largest revenue share in 2021 in the market for injection molding machinery. Some examples of such criteria are repeatability, material compatibility, quick prototypes with quick tooling, high precision, and a smooth surface finish. Consumer good was the fastest-growing segment. The presence of technology-driven businesses influenced it.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 16

2 MARKET INTRODUCTION 18

2.1 DEFINITION 18

2.2 SCOPE OF THE STUDY 18

2.3 MARKET STRUCTURE 19

3 RESEARCH METHODOLOGY 20

3.1 RESEARCH PROCESS 20

3.2 PRIMARY RESEARCH 21

3.3 SECONDARY RESEARCH 22

3.4 MARKET SIZE ESTIMATION 23

3.5 FORECAST MODEL 24

3.6 LIST OF ASSUMPTIONS 24

4 MARKET DYNAMICS 25

4.1 INTRODUCTION 25

4.2 DRIVERS 26

4.2.1 RISING AWARENESS ABOUT ENERGY SAVING 26

4.2.2 INCREASED ADOPTION IN THE PACKAGING INDUSTRY 26

4.2.3 DRIVERS IMPACT ANALYSIS 27

4.3 RESTRAINTS 28

4.3.1 HIGH INITIAL AND MAINTENANCE COSTS 28

4.3.2 RESTRAINTS IMPACT ANALYSIS 28

4.4 OPPORTUNITIES 29

4.4.1 DEMAND FOR LARGE-TONNAGE INJECTION MOLDING MACHINES 29

4.5 IMPACT ANALYSIS OF COVID-19 29

4.5.1 IMPACT ON OVERALL MACHINE INDUSTRY 29

4.5.1.1 ECONOMIC IMPACT 29

4.5.2 IMPACT ON THE INJECTION MOLDING MACHINES MARKET 29

4.5.3 IMPACT ON SUPPLY CHAIN OF INJECTION MOLDING MACHINES 29

4.5.3.1 PRODUCTION SHUTDOWN 29

4.5.3.2 CASH FLOW CONSTRAINTS 30

4.5.3.3 IMPACT ON IMPORT/EXPORT 30

5 GLOBAL INJECTION MOLDING MACHINE MARKET, MARKET FACTOR ANALYSIS 31

5.1 PORTER’S FIVE FORCES MODEL 31

5.1.1 THREAT OF NEW ENTRANTS 32

5.1.2 BARGAINING POWER OF SUPPLIERS 32

5.1.3 THREAT OF SUBSTITUTES 32

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