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Global Injection Moulding Machine Market to be driven at a CAGR of 3.4% in the Forecast Period of 2023-2028

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.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/injection-moulding-machine-market

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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Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

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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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Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.