Global Injection Molding Machinery Market Growth 2023-2029
Injection molding machine (referred to as injection machine or injection molding machine) is the use of plastic molding mold thermoplastic or thermosetting material into various shapes of plastic products of the main molding equipment. The working principle of injection molding machine is similar to the syringe used for injection. It is with the help of the screw (or plunger) of the thrust, the plastic has been plasticized good melting state (i.e. viscous flow state) injected into the closed cavity of the mold, and the process of the product is obtained after solidification.
Injection molding is a cyclic process, each cycle mainly includes: quantitative feeding -- melt plasticizing -- pressure injection -- mold filling and cooling -- mold opening and taking parts. After removing the plastic parts, the mold is closed again and the next cycle is carried out. Injection molding is a cyclic process, each cycle mainly includes: quantitative feeding - melt plasticizing - pressure injection - mold cooling - open mold to take parts, take out plastic parts and then close the mold, the next cycle.
Injection molding machine is usually composed of injection system, mold closing system, power system, electrical control system, lubrication system, heating and cooling system, safety monitoring system and so on.
LPI (LP Information)' newest research report, the “Injection Molding Machinery Industry Forecast” looks at past sales and reviews total world Injection Molding Machinery sales in 2022, providing a comprehensive analysis by region and market sector of projected Injection Molding Machinery sales for 2023 through 2029. With Injection Molding Machinery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Injection Molding Machinery industry.
This Insight Report provides a comprehensive analysis of the global Injection Molding Machinery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Injection Molding Machinery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Injection Molding Machinery market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Injection Molding Machinery and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Injection Molding Machinery.
The global Injection Molding Machinery market size is projected to grow from US$ 10330 million in 2022 to US$ 14220 million in 2029; it is expected to grow at a CAGR of 14220 from 2023 to 2029.
Major local manufacturers of injection molding machines include Haitian International, Zhensheng Group, Tairi Machinery, Datong Machinery, Ligen and Izumi, while foreign manufacturers include Arburg GmbH, Engel Holding GmbH, Husky, Sumitomo Heavy Industries, Kraussmaffei, Nissei Plastic, UBE Machinery, Toyo, Milacron, JSW Plastics Machinery, Fanuc, Shibaura Machine, Wittmann Battenfeld, Windsor, etc. Haitian International is the world's largest manufacturer of injection molding machines, with sales of more than 32,000 units in 2019, accounting for 22% of the global market. High-end products are mainly from Japan and Europe.
Asia Pacific is the largest consumption place, with a consumption market share nearly 55% in 2019. Following Asia Pacific, Europe is the second largest consumption place with the consumption market share of 25%.
Injection molding machine according to the drive system is divided into hydraulic, electric and electro - hydraulic mixed three. Electric injection molding machine is the most advanced, energy saving and environmental protection, and high precision, but the price is higher than the hydraulic injection molding machine. Hydraulic injection molding machines are noisier, use more energy and emit more pollutants. Electro-hydraulic composite injection molding machines achieve a better balance in terms of price and energy efficiency. Large injection moulding machines are hydraulic driven, medium and small injection moulding machines are electric driven. The development of hydraulic injection molding machine has accumulated many years of experience, can carry out high-speed filling, electric injection molding machine has the advantages of low energy consumption, excellent control, stability and environmental protection. At present, the market is still dominated by hydraulic injection molding machine, accounting for about 70% of the market, but the all-electric injection molding machine is becoming more and more popular.
From the analysis of product specifications, small and medium-sized models (clamping force ≤650 tons) occupy more than 90% of the market; From the analysis of the application of products, the general plastics, automobile industry and household appliances industry occupy a large market share respectively. However, affected by the US tariff policy starting from July 2018, the downstream industries of injection molding machines, such as household appliances, 3C and other industries, are under great downward pressure, leading to extremely fierce competition among injection molding machine enterprises.
This report presents a comprehensive overview, market shares, and growth opportunities of Injection Molding Machinery market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Clamping Force: Below 250T
Clamping Force: 250-650T
Clamping Force: Above 650T
Segmentation by application
General Plastics Industry
Automobile Industry
Home Appliance Industry
Other Industries
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Haitian International
ENGEL Holding GmbH
KraussMaffei
ARBURG GmbH
Fanuc
Husky
Milacron
Sumitomo Heavy Industries
Shibaura Machine
Nissei Plastic
JSW Plastics Machinery
Wittmann Battenfeld
Chen Hsong Injection Molding Machinery
Toyo
Guangdong Yizumi Precision Machinery Co.,Ltd.
UBE Machinery
L.K. Technology Holdings Limited
Cosmos Machinery
TEDERIC Machinery
Windsor
Key Questions Addressed in this Report
What is the 10-year outlook for the global Injection Molding Machinery market?
What factors are driving Injection Molding Machinery market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Injection Molding Machinery market opportunities vary by end market size?
How does Injection Molding Machinery break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
Please note: The report will take approximately 2 business days to prepare and deliver.
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