Injection Molding Machine Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Injection Molding Machine Market
The injection molding machine market size was valued at USD 15.39 billion in 2019, and the market is now projected to grow from USD 15.39 billion in 2019 to USD 25.39 billion by 2028, exhibiting a CAGR of 3.9% during the forecast period of 2019-2028.
Pandemic drastically impacted industries global, leading to plant closures and reduced manufacturing costs. Injection molding machines call for has improved in packaging and healthcare because of the adoption of plastic medical devices. However, demand has dropped in different industries.
Packaging and vehicle sectors are crucial for the increase of numerous industries, together with manufacturing and prescription drugs. The injection molding machine market growth is developing because of the adoption of plastic products in car production. The call for those machines is also growing in growing countries like India and China, where governments are attracting big investments to growth activity possibilities and introduce new technologies. The Asia Pacific area's decrease manufacturing expenses and lower manufacturing charges of materials also are driving the boom of this marketplace, especially in the area.
Manufacturing corporations are implementing smart technology to enhance product exceptional and productivity. This includes leveraging ICT and the Internet, and growing smart injection molding machines. These machines can be custom designed to satisfy patron requirements, resulting in decreased costs and improved first-class. This trend is reworking the production of smart factories, where machines are ideally suited. Manufacturers are also that specialize in designing machines with enhanced automation technologies. The pandemic has increased demand for automation and unmanned operations, permitting producers to hurry up the manufacturing of cease-use merchandise.
Comprehensive Analysis of Injection Molding Machine Market
Injection molding machines are used to create products from plastic, metal, and ceramic materials, with increasing demand in automotive, material handling, and packaging industries. The market is divided into plastic, metal, rubber ceramic, and others, with ceramic sub-segment expected to grow at a higher CAGR. Electric machines hold a prominent market share in 2019 and are expected to grow moderately due to their safety and convenience. Hydraulic machines are expected to grow due to their ability to lower greenhouse fuel emissions. The clamping stress phase is cut up into three sub-segments: 0 - 2 hundred ton strain, 201 - 500 ton pressure, and above 500 ton strain. The 201 - 500 ton pressure sub-phase is predicted to develop at a better CAGR, at the same time as the zero - 200 ton pressure segment is projected to maintain the biggest market percentage because of the boom in mid- and medium-sized production organizations in evolved and growing countries. The end-use enterprise phase consists of packaging, automotive, electronics & telecommunication, healthcare, and infrastructure.
The Asia Pacific region lead the injection molding machine market share by benefitting a market size of USD 6.01 billion in 2019 due to established companies. However, a decrease in exertions force is anticipated to restrain the marketplace inside the coming years because of growing call for injection molding machines.
Haitian International, Milacron Holdings Corp., and Sumitomo Heavy Industries are the main injection molding machine producers globally. Other key agencies consist of Milacron Holdings Corp., Japan Steel Works, Sumitomo Ltd., Arburg GmbH Co KG, Husky Injection Molding Systems Ltd., Engel Austria GmbH, Ved Machinery and Electronic Plastic Machines Limited.
Haitian International opens its first North American production facility in Jalisco, Mexico, with a $50 million purpose to improve production, expedite regional deliveries, and probably serve the wider North American marketplace.
Segmentation Table
ATTRIBUTES DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Billion)
SegmentationBy Product Type
Plastic
Metal
Rubber
Ceramic
Others
By Machine Type
Electric
Hydraulic
Hybrid
By Clamping Force
0 - 200 Ton Force
201 - 500 Ton Force
Above 500 Ton Force
By End-Use Industry
Packaging
Automotive
Electronics & Telecommunication
Healthcare
Infrastructure
Others (Consumer Goods, etc.)
By Region
North America (the U.S. and Canada)
Europe (Germany, the U.K., France, Italy, Spain, and the Rest of Europe)
Asia Pacific (China, Japan, India, Southeast Asia, and the Rest of Asia Pacific)
The Middle East & Africa (South Africa, GCC, and the Rest of the Middle East & Africa)
Latin America (Brazil, Mexico, and the Rest of Latin America)
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 3.3.1. Short-term Impact
- 3.3.2. Long-term Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Porter’s Five Force Analysis
- 4.4. Global Injection Molding Machine Market Share Analysis and Matrix, 2019
- 5. Key Market Insights and Analysis, By Segments
- 6. Global Injection Molding Machine Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 6.1. Market Sizing Estimations and Forecasts – By Product Type (Value)
- 6.1.1. Plastic
- 6.1.2. Metal
- 6.1.3. Rubber
- 6.1.4. Ceramic
- 6.1.5. Others
- 6.2. Market Sizing Estimations and Forecasts – By Machine Type (Value)
- 6.2.1. Electric
- 6.2.2. Hydraulic
- 6.2.3. Hybrid
- 6.3. Market Sizing Estimations and Forecasts – By Clamping Force (Value)
- 6.3.1. 0 - 200 Ton Force
- 6.3.2. 201 - 500 Ton Force
- 6.3.3. Above 500 Ton Force
- 6.4. Market Sizing Estimations and Forecasts – By End-use Industry (Value)
- 6.4.1. Packaging
- 6.4.2. Automotive
- 6.4.3. Electronics & Telecommunication
- 6.4.4. Healthcare
- 6.4.5. Infrastructure
- 6.4.6. Others (Consumer Goods, etc.)
- 6.5. Market Analysis, Insights and Forecast – By Region (Value)
- 6.5.1. North America
- 6.5.2. Europe
- 6.5.3. Asia Pacific
- 6.5.4. Middle East & Africa
- 6.5.5. Latin America
- 7. North America Injection Molding Machine Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 7.1. Market Sizing Estimations and Forecasts – By Product Type (Value)
- 7.1.1. Plastic
- 7.1.2. Metal
- 7.1.3. Rubber
- 7.1.4. Ceramic
- 7.1.5. Others
- 7.2. Market Sizing Estimations and Forecasts – By Machine Type (Value)
- 7.2.1. Electric
- 7.2.2. Hydraulic
- 7.2.3. Hybrid
- 7.3. Market Sizing Estimations and Forecasts – By Clamping Force (Value)
- 7.3.1. 0 - 200 Ton Force
- 7.3.2. 201 - 500 Ton Force
- 7.3.3. Above 500 Ton Force
- 7.4. Market Sizing Estimations and Forecasts – By End-use Industry (Value)
- 7.4.1. Packaging
- 7.4.2. Automotive
- 7.4.3. Electronics & Telecommunication
- 7.4.4. Healthcare
- 7.4.5. Infrastructure
- 7.4.6. Others (Consumer Goods, etc.)
- 7.5. By Country (Value)
- 7.5.1. U.S.
- 7.5.2. Canada
- 8. Europe Injection Molding Machine Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 8.1. Market Sizing Estimations and Forecasts – By Product Type (Value)
- 8.1.1. Plastic
- 8.1.2. Metal
- 8.1.3. Rubber
- 8.1.4. Ceramic
- 8.1.5. Others
- 8.2. Market Sizing Estimations and Forecasts – By Machine Type (Value)
- 8.2.1. Electric
- 8.2.2. Hydraulic
- 8.2.3. Hybrid
- 8.3. Market Sizing Estimations and Forecasts – By Clamping Force (Value)
- 8.3.1. 0 - 200 Ton Force
- 8.3.2. 201 - 500 Ton Force
- 8.3.3. Above 500 Ton Force
- 8.4. Market Sizing Estimations and Forecasts – By End-use Industry (Value)
- 8.4.1. Packaging
- 8.4.2. Automotive
- 8.4.3. Electronics & Telecommunication
- 8.4.4. Healthcare
- 8.4.5. Infrastructure
- 8.4.6. Others (Consumer Goods, etc.)
- 8.5. By Country (Value)
- 8.5.1. U.K.
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Spain
- 8.5.5. Italy
- 8.5.6. Scandinavia
- 8.5.7. Rest of Europe
- 9. Asia Pacific Injection Molding Machine Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 9.1. Market Sizing Estimations and Forecasts – By Product Type (Value)
- 9.1.1. Plastic
- 9.1.2. Metal
- 9.1.3. Rubber
- 9.1.4. Ceramic
- 9.1.5. Others
- 9.2. Market Sizing Estimations and Forecasts – By Machine Type (Value)
- 9.2.1. Electric
- 9.2.2. Hydraulic
- 9.2.3. Hybrid
- 9.3. Market Sizing Estimations and Forecasts – By Clamping Force (Value)
- 9.3.1. 0 - 200 Ton Force
- 9.3.2. 201 - 500 Ton Force
- 9.3.3. Above 500 Ton Force
- 9.4. Market Sizing Estimations and Forecasts – By End-use Industry (Value)
- 9.4.1. Packaging
- 9.4.2. Automotive
- 9.4.3. Electronics & Telecommunication
- 9.4.4. Healthcare
- 9.4.5. Infrastructure
- 9.4.6. Others (Consumer Goods, etc.)
- 9.5. By Country (Value)
- 9.5.1. China
- 9.5.2. Japan
- 9.5.3. India
- 9.5.4. Australia
- 9.5.5. Southeast Asia
- 9.5.6. Rest of Asia Pacific
- 10. Middle East and Africa Injection Molding Machine Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 10.1. Market Sizing Estimations and Forecasts – By Product Type (Value)
- 10.1.1. Plastic
- 10.1.2. Metal
- 10.1.3. Rubber
- 10.1.4. Ceramic
- 10.1.5. Others
- 10.2. Market Sizing Estimations and Forecasts – By Machine Type (Value)
- 10.2.1. Electric
- 10.2.2. Hydraulic
- 10.2.3. Hybrid
- 10.3. Market Sizing Estimations and Forecasts – By Clamping Force (Value)
- 10.3.1. 0 - 200 Ton Force
- 10.3.2. 201 - 500 Ton Force
- 10.3.3. Above 500 Ton Force
- 10.4. Market Sizing Estimations and Forecasts – By End-use Industry (Value)
- 10.4.1. Packaging
- 10.4.2. Automotive
- 10.4.3. Electronics & Telecommunication
- 10.4.4. Healthcare
- 10.4.5. Infrastructure
- 10.4.6. Others (Consumer Goods, etc.)
- 10.5. By Country (Value)
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East and Africa
- 11. Latin America Injection Molding Machine Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 11.1. Market Sizing Estimations and Forecasts – By Product Type (Value)
- 11.1.1. Plastic
- 11.1.2. Metal
- 11.1.3. Rubber
- 11.1.4. Ceramic
- 11.1.5. Others
- 11.2. Market Sizing Estimations and Forecasts – By Machine Type (Value)
- 11.2.1. Electric
- 11.2.2. Hydraulic
- 11.2.3. Hybrid
- 11.3. Market Sizing Estimations and Forecasts – By Clamping Force (Value)
- 11.3.1. 0 - 200 Ton Force
- 11.3.2. 201 - 500 Ton Force
- 11.3.3. Above 500 Ton Force
- 11.4. Market Sizing Estimations and Forecasts – By End-use Industry (Value)
- 11.4.1. Packaging
- 11.4.2. Automotive
- 11.4.3. Electronics & Telecommunication
- 11.4.4. Healthcare
- 11.4.5. Infrastructure
- 11.4.6. Others (Consumer Goods, etc.)
- 11.5. By Country (Value)
- 11.5.1. Brazil
- 11.5.2. Mexico
- 11.5.3. Rest of Latin America
- 12. Profiles of Key Players (Would be provided for 10 players only)
- 12.1. Overview
- 12.1.1. Key Management
- 12.1.2. Headquarters etc.
- 12.2. Offerings/Business Segments
- 12.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- 12.3.1. Employee Size
- 12.3.2. Past and Current Revenue
- 12.3.3. Geographical Share
- 12.3.4. Business Segment Share
- 12.4. Recent Developments
- 13. Please note that the segmentations and scope in the ToC is subjected to revisions (if needed) based to the primary and secondary insights with an aim to make it more relevant and in line with the market ecosystem
- 14. Haitian International
- 15. Chen Hsong Holdings Limited
- 16. Milacron Holdings Corp.
- 17. Japan Steel Works, Ltd.
- 18. Sumitomo Heavy Industries, Ltd.
- 19. Arburg GmbH + Co KG
- 20. NISSEI AMERICA, INC.
- 21. Husky Injection Molding Systems Ltd.
- 22. Engel Austria GmbH
- 23. Ved Machinery
- 24. ELECTRONICA PLASTIC MACHINES LIMITED
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