Global Plastic Injection Molding Machine Market Size Study, by Technology (Hydraulic, Electric, Hybrid), by End-use (Automotive, Consumer Goods, Packaging, Electronics, Construction, Medical, Others), and Regional Forecasts 2022-2032
The Global Plastic Injection Molding Machine Market was valued at approximately USD 12.4 Billion in 2023 and is poised to grow at a compound annual growth rate (CAGR) of 4.8% during the forecast period of 2024-2032. The widespread adoption of injection-molded components across industries such as automotive, consumer goods, electronics, packaging, construction, and medical devices has driven demand for technologically advanced plastic injection molding machines.
Technological innovations, including foam injection molding, gas-assisted injection molding, co-injection molding, and multi-component molding, are revolutionizing the industry. These advancements enable the production of complex, high-precision components while reducing waste and production costs. Electric plastic injection molding machines, characterized by their energy efficiency, precision, and lower operational costs, are witnessing increasing adoption across industries. Hybrid machines, which combine the strengths of hydraulic and electric technologies, provide manufacturers with versatile solutions for producing diverse plastic products.
The automotive industry remains a key driver, with growing demand for lightweight components to enhance fuel efficiency. Injection molding machines are extensively used to manufacture automotive parts, including bumpers, dashboards, and trim components. Similarly, the medical sector is experiencing a surge in demand for injection molding machines to produce high-precision, small-scale medical devices and disposables.
Regionally, Asia Pacific dominated the market in 2023, driven by rapid industrialization and infrastructural development. North America and Europe are also significant markets, benefiting from advanced manufacturing capabilities and growing demand in the packaging and electronics sectors. Emerging economies in Latin America and the Middle East & Africa present lucrative opportunities due to increasing investments in industrialization and infrastructure.
Major market players included in this report are:• Arburg GmbH + Co KG
• Haitian International
• KraussMaffei
• Milacron
• NISSEI PLASTIC INDUSTRIAL CO., LTD.
• ENGEL AUSTRIA GmbH
• Chen Hsong Holdings Limited
• UBE Machinery Inc.
• Husky Technologies
• WITTMANN Technology GmbH
The detailed segments and sub-segment of the market are explained below:By Technology:
• Hydraulic
• Electric
• Hybrid
By End-use:
• Automotive
• Consumer Goods
• Packaging
• Electronics
• Construction
• Medical
• Others
By Region:
• North America
U.S.
Canada
Mexico
• Europe
Germany
France
Italy
UK
Rest of Europe
• Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
• Latin America
Brazil
Mexico
Rest of Latin America
• Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Years considered for the study are as follows:Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of geographical landscapes with country-level data of major regions.
• Competitive landscape with insights on major market players.
• Strategic analysis of key business approaches and future market recommendations.
• Analysis of competitive structures and market dynamics.
• Demand-side and supply-side evaluation of market trends.
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