The global Injection Molding Machine market size is expected to be worth around US$ 25.0 billion by 2030, according to a new report by Vision Research Reports.
The global Injection Molding Machine market size was valued at US$ 15.2 billion in 2020 and is anticipated to grow at a CAGR of 5.5% during forecast period 2021 to 2030.
|Market Size||US$ 25.0 billion by 2030|
|Growth Rate||CAGR of 5.5% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Material, Technology, End-use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||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; Toshiba Machine Co., Ltd.; Wittmann Battenfeld; Hillenbrand, Inc.|
The growing demand for lightweight and complex components in the automotive and electronics industry is projected to increase industry growth over the years.
The COVID-19 pandemic has caused unprecedented supply chain disruptions resulting in heavy losses for the market. However, the demand for PPE and medical equipment has created an upsurge for injection molding machines and has accelerated the use of automation with a focus on shortening production cycle time and increasing productivity.
The demand for electric injection molding machines is rising due to factors such as higher suitability to cleanrooms and reduced downtime. With companies focusing on environment-friendly manufacturing, the demand for electric injection molding machines that increase energy savings is anticipated to grow during the forecast period.
By Material Type Analysis
The plastic injection molding machine segment led the market and accounted for 76.4% of the global revenue share in 2020. The strong shift from metal parts towards plastic components in the automotive industry is anticipated to spur the growth of the market over the forecast period.
Plastic molded parts provide a solution for high-volume and cost-efficiency. The recent trend of light-weighting in the automotive industry to enhance fuel-efficiency has resulted in increased use of plastic molded parts, coupled with rising demand for plastic molded components in medical device manufacturing.
The metal injection molding machine segment is estimated to witness a CAGR of 4.2% from 2021 to 2030, in terms of revenue. Factors such as superior surface finish, high resistance to corrosion, and ability to manufacture parts with complex geometries have resulted in increased demand for metal molded products.
By Technology Analysis
The hydraulic injection molding machine led the market and accounted for 45.2% of the global revenue share in 2020. Factors such as the ability to work under and maintain high-pressure, high-power density, and wide use in automotive, marine, and aerospace industries where heavy force is required are expected to augment market growth.
Electric injection molding machines are highly efficient, which require less start-up time and run-time as compared to hydraulic injection molding machines.
A hybrid injection molding machine combines the best of both hydraulic and electric injection molding machines. Hybrid injection molding machine provides high clamping force of hydraulic machine and high precision, energy efficiency, reduced noise, and repeatability of the electric injection molding machine, resulting in a better performance for both thick- and thin-walled parts.
By End-use Analysis
The automotive end-use segment led the market and accounted for over 29.2% of the global revenue share in 2020 on account of the factors such as repeatability, material compatibility, fast prototypes with rapid tooling, and high precision and surface finish.
The advent of electric vehicles worldwide can also be seen as an opportunity for injection molding machine manufacturers. Electric drive trains, braking, and clutching system have parts such as gears, seals, magnets that are manufactured using injection molding.
The manufacturing of smartphones, tablets, laptops, connectors, sensors and various other electronic components require injection molding. These parts require high levels of accuracy and quality which injection molding machines can deliver, making it the fastest-growing end-use segment with a CAGR of 5.1% during the forecast period.
The growing electronics industry in China, South Korea, and Taiwan with the presence of technology-driven companies is expected to play a key role in the growth of the injection molding machines market.
By Regional Analysis
Asia Pacific led the market and accounted for 41.8% of the global revenue share in 2020. Increasing investments in packaging and electronics, coupled with a strong consumer base in countries such as China, Japan, and India, are expected to play a crucial role in triggering the demand for injection molding machines over the forecast period.
The European injection molding machine industry plays a crucial role in the overall injection molding machine market. Germany, Italy, France, and Spain are notable countries in the European region contributing significantly to the European injection molding machine market.
France is expected to be one of the fastest-growing economies in the market. Rising research initiatives, technological advancements, and growing demand for packaging and automotive industries are likely to attract new players to tap opportunities in the country, augmenting the demand for injection molding machines.
Arburg GmbH + Co KG
Haitian International Holdings Limited
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
Toshiba Machine Co., Ltd.
Central & South America
Middle East & Africa
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 2030. 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 2030. 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.
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:
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
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.
The study objectives of this report are:
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