The new report by Expert Market Research titled, ‘Global Injection Moulding Machine Market Size, Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global injection moulding machine market, assessing the market based on its segments like product type, machine type, clamping force, sale, end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2021): USD 14.88 Billion
- Forecast CAGR (2023-2028): 3.4 %
- Forecast Market Size (2027): USD 18.61 Billion
The global injection moulding machine market is primarily driven by the demand from automotive sector. The increasing production automobiles globally, is propelling the demand for the plastic components such as bumpers, dashboard, among others, thus, pushing the growth. Moreover, the rapidly developing electronics industry is further expected to drive the growth.
The fast-growing industrial sector and healthcare industry are expected to create growth opportunities in the forecast period. Additionally, the factors such as increasing expenditure on research and development (R&D) for better and efficient technologies, growing urbanisation and increasing disposable income will aid the growth.
However, the high initial capital expenditure for setting up the machine and availability of alternatives such as 3D printing, thermoforming and urethane casting may hinder the growth for the injection moulding machine market.
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Injection Moulding Machine Industry Definition and Major Segments
Injection moulding machines are used in production of various plastic components. The machine melts the material of choice and injects in moulds thereby, producing the required shape and size. However, the injection moulding machine also finds its application across various sectors as it is also utilised to mould other material such rubber, metal, and ceramics.
Based on product type, the injection moulding market can be divided into:
- Plastic
- Rubber
- Metal
- Ceramic
- Others
On the basis of machine type, the injection moulding machine market be categorised into:
- Hydraulic
- Hybrid
- All-Electric
Based on clamping force, the injection moulding machine market can be divided into:
- 0–200 Ton-Force
- 201–500 Ton-Force
- Above 500 Ton-Force
Based on sales, the injection moulding machine market can be divided into:
- New Sales
- Aftermarket
Injection moulding machine market based on end use can be divided as following:
- Automotive
- Consumer Goods
- Packaging
- Electrical and Electronics
- Healthcare
- Others
On the basis of regional markets, the industry is divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Injection Moulding Machine Market Trends
Regionally, Asia Pacific is expected to be the largest shareholder and show the fastest growth in the global the injection moulding machine market. The rapidly expanding industrial sector and growing urbanisation in the developing economies such as China and India are expected to lead the regional growth. The increasing penetration of electronics, improving health care facilities, presence of key players and end-use vast sectors in the region is expected to aid the growth. Meanwhile, Europe and North America are expected to show moderate growth in the forecast period, due to presence of vast automobile modification industry, deep penetration of electronics and vast healthcare industry.
Key Market Players
The major players in the market are:
- Japan Steel Works, Ltd.
- Chen Hsong Holdings Limited
- Nissei Plastic Industrial Co., Ltd.
- Haitian International Holdings Limited
- ENGEL AUSTRIA GmbH
- Sumitomo Heavy Industries, Ltd.
- Other
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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