The global injection moulding machines market size was garnered $15.48 billion in 2018, and is expected to reach $22.53 billion in 2026, registering a CAGR of 4.9% from 2019 to 2026. The report offers a detailed analysis of changing market dynamics, key investment pockets, major segments, recent development, and competitive landscape.
Low labor costs, advantage of bulk production, material flexibility, and low waste production drive the growth in the market. However, high machinery & tooling costs, threat of substitutes, and restrictions on designing of parts restrain the market growth. On the other hand, technological innovations create new pathways in the industry.
All-electric is a lucrative segment
Based on machine type, all-electric accounted for more than two-fifths of the total market share in 2017 and is expected to maintain its dominance throughout the forecast period. This segment is also estimated to register the highest CAGR of 5.2% from 2018 to 2026. It is a lucrative segment, owing to its benefits including low energy consumption, high precision, and repeatability, due to which, its usage in various end user industries such as medical, consumer goods, food & beverage, and automotive manufacturing has significantly increased. The research also analyzes hybrid and hydraulic machine type.
New sales segment to maintain its dominance throughout the forecast period
Based on solution, the new sales segment held the major market share in terms of revenue in 2017, contributing nearly three-fourths of the total market share. This segment is expected to dominate the market till 2026, owing to increase in focus on development of machines with advanced features including power efficiency, high operating speed, and improved performance. However, the aftermarket segment is expected to register the highest growth rate, with a CAGR of 5.1% from 2018 to 2026, owing to long life cycle of the machines and requirement of periodic maintenance costs.
Asia-Pacific to continue its dominant position by 2026
Asia-Pacific accounted for more than half of the total market share in 2017 and will continue its dominant position by 2026. This is due to presence of small to mid-level manufacturing sectors such as automotive, consumer goods, and others that require high quality and light weight injection moulded plastics products. However, LAMEA is expected to register the highest growth rate with a CAGR of 6.5% from 2018 to 2026, owing to rise in focus of manufacturers on development of technologically advanced injection-moulded plastic products and parts.
Leading market players
Key leading market players analyzed in the research include ARBURG, ENGEL, Husky Injection Molding Systems, Haitian International, Milacron Holdings Corp., KraussMaffei Group, Sumitomo Heavy Industries, Nissei Plastic Industrial Co., Ltd., The Japan Steel Works, and Ube Industries, Ltd.
By Clamping Force
Less than 200 Tons Force
200 Tons Force To 500 Tons Force
More Than 500 Tons Force
By Machine Type
The report analyzes and forecasts the injection moulding machines market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global injection moulding machines market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the injection moulding machines market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of injection moulding machines market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
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