Injection Molding Machine Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

The global Injection Molding Machine market size is expected to be worth around US$ 23.17 billion by 2028, according to a new report by Vision Research Reports.

The global Injection Molding Machine market size was valued at US$ 18.30 billion in 2020 and is anticipated to grow at a CAGR of 3.02% during forecast period 2021 to 2028.

Injection molding machine is used to create products made up of rubber, plastic, metal, ceramic and other substances. Injection molding machine is used in various industries such as automotive, packaging, toy making, construction industry, consumer goods, and logistics industry.  Injection molding machine serves as an energy efficient and ideal solution for producing large volume of plastic products.

Growth Factors

Increasing adoption of lightweight materials in the automotive industry is anticipated to boost the demand for in automotive component manufacturing, thereby complementing growth.

Technological advancements in the injection molding machine, lower production cycle, and increase in productivity are changing the trends of new-age injection molding machines. New developments in technology, such as molding different raw materials through an injection molding process and increasing energy efficiency, have replaced traditional molding machines.

Growth in the global automotive industry is expected to increase the demand for injection molding machines for making large, heavy, and small and complex parts. These machines are used in the automotive industry on account of their smooth flow rate, high repeatability, high precision, ability to manufacture complex parts, and ease of maintenance and operation.

The rising population, coupled with improving economic conditions, has boosted the demand for consumer goods and food and beverage processing, thereby creating opportunities for product differentiation. This, in turn, is expected to drive the demand for attractive packaging, boosting complexed, and high-quality injection-molded plastic packaging products growth.

A rise in adoption of injection molding machines in various industries such as automotive, packaging, and others, drives the growth of injection molding machines market. In addition, key players such as Milacron Holding Corp, Dr. Med BOY GmbH& Co KG, and others, offered injection molding machines with less than 200 tons force clamping force. For instance, Milacron offers Roboshot injection molding machine series of clamping forces 17, 33, 55, 110, 130, and 165 tons for demanding medical, automotive, and electrical applications. Similarly, Dr. Med. BOY GmbH & Co. KG offers up to 1,000kN injection molding machines, which are durable, require low service cost, and which can produce extremely small parts. In addition, these machines are equipped with either rigid platens, five-point toggle mechanism, high-speed clamp options, or others. They are widely used in automotive, and packaging industry. Hence, all such factors are projected to fuel the injection molding machines market growth. 

A rise in adoption of high-efficient injection molding machines in the packaging industry to manufacture packaging parts and components to increase aesthetic value, and eco-friendliness of the packaging products, is anticipated to drive the growth of the injection molding machines market. In addition, major players such as BMB S.p.a., Arburg GmbH + Co KG, and Engel Austria GmbH are offering injection molding machines for the packaging industry. For instance, Sumitomo (SHI) Demag Plastics Machinery GmbH, a subsidiary of Sumitomo Heavy Industries offered EI-Exis SP packaging injection molding machine. It is the most advanced, and fastest injection molding machine. It has a production capacity equivalent to 170,000 per hour. It offers optimal solutions for small and large buckets. 

However, high initial tooling and machinery cost required for injection molding machines, is expected to restrain the growth of injection molding machines industry. For instance, price of a large and complex mold machine is around $80,000 or more. Moreover, it requires high maintenance and installation cost.  In addition, availability of substitutes such as 3D printing, urethane casting, and thermoforming, is expected to hinder the growth of injection molding machines market.

Contrary, technological advancement such as IoT enabled injection molding machine, and software supported injection molding machines, is anticipated to provide lucrative opportunities for growth of the injection molding machines market. 

Report Highlights

Plastic injection molding machines led the market and accounted for over 77% of the overall revenue share in 2020. It involves manufacturing molded products by injecting molten plastic by using heat into a mold and then solidifying them. These machines are used in various applications industries such as packaging, construction, and consumer goods.

The demand for metal injection molding machines is expected to expand at a CAGR of 2.10% from 2020 to 2027. Metal injection molding machine uses finely-powdered metal with a binding material to produce metal parts including gears, levers, phone flip slider and fiber-optic parts, and many more, which are used in a broad range of industrial, medical, dental, aerospace, firearms, and automotive applications.

Hydraulic technology led the market and accounted for about 47% of the global revenue share in 2020. The demand for hydraulic technology is expected to be high in the automotive industry, where high clamping force is required for manufacturing large and heavy parts. It is widely used for manufacturing heavy parts in industries such as aerospace, defense, and marine.

Electric injection molding machines are expected to expand at a CAGR of 3.7% over the forecast period as these machines are digitally controlled, which enables them to operate at high accuracy and speed. These machines require less start-up time and run time, making them ideal for making small and complex parts in electrical and electronics, automotive, and consumer goods industries.

Various companies are investing heavily in the R&D of hybrid injection holding machines at less cost and high precision levels to combine the operations of both hydraulic and electric machines. This is expected to aid the end-use industries to save space, time, and overall manufacturing cost.

The automotive industry led the injection molding machines market and accounted for about 30% of the global revenue share in 2020. In the automotive industry, injection molding machines are used to manufacture the most complex-shaped, critical parts. IMM is used to produce a variety of automotive parts such as bumpers, electrical housings, exterior body panels, and dashboards.

The adoption of injection molding machines in the consumer goods industry is expected to expand at a CAGR of 2.10% over the forecast period. This can be attributed to their usage in the manufacturing of consumer goods such as personal hygiene products, houseware, cosmetics, and convenience goods. The replacement of traditional materials such as glass and wood with high-quality plastic is expected to augment product demand in the industry.

The usage of injection molding machines in the packaging industry is estimated to witness expand at a CAGR of 3.02% from 2020 to 2027 owing to high differentiation in types of packaging, such as shape, volume, and material. These machines are used to manufacture various types of thin wall containers, dairy, juice, and water packages, food storage, buckets, and beverage caps and closures.

The Asia Pacific led the market and accounted for about 38% share of global revenue in 2020. Asia Pacific is a hub for several fast-growing industries, including equipment manufacturing, automotive, and electronics, which offer growth opportunities for the IMM manufacturers. Asia Pacific is characterized by highly skilled labor at low cost along with ample support from the local governments.

The CSA IMM market is expected to grow at an estimated CAGR of 3.5% over the forecast period. The region offers tremendous potential and opportunities in the field of injection molding machines on account of increasing penetration of the product in the automotive and consumer goods industries. An increasing number of applications of IMM in the healthcare and electronics industries is expected to boost market growth.

Key Players

  • Arburg GmbH + Co KG

  • Haitian International Holdings Limited

  • Milacron

  • Nissei Plastic Industrial Co., Limited

  • ENGEL Austria GmbH

  • Sumitomo (SHI) Demag Plastics Machinery GmbH

Market Segmentation

  • Material Outlook 

    • Plastic

    • Metal

    • Others

  • Technology Outlook 

    • Hydraulic

    • Electric

    • Hybrid

  • End-use Outlook 

    • Automotive

    • Consumer Goods

    • Packaging

    • Electronics

    • Others

  • Regional Outlook

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • France

      • Italy

      • Spain

      • Denmark

      • Austria

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

      • Taiwan

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • UAE

      • Saudi Arabia

The Injection Molding Machine market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. 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 provides size (in terms of volume and value) of Injection Molding Machine market for the base year 2020 and the forecast between 2021 and 2028. 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.

This report focuses on the global Injection Molding Machine market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Injection Molding Machine market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Injection Molding Machine market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Injection Molding Machine capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Injection Molding Machine by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Injection Molding Machine market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Injection Molding Machine market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Injection Molding Machine market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Injection Molding Machine industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Injection Molding Machine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Injection Molding Machine market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Injection Molding Machine market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Injection Molding Machine market. These factors have benefited the growth of the global market for Injection Molding Machine. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Injection Molding Machine. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Injection Molding Machine are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Report Detail

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