India Injection Molding Machine Market by Product Type (Plastic, Rubber, Metal, Ceramic, and Others), by Machine Type (Hydraulic, All-electric, and Hybrid), by Clamping Force (Below 200 Tons, 200–500 Tons, and Above 500 Tons), by Business Type (New Sales

India Injection Molding Machine Market by Product Type (Plastic, Rubber, Metal, Ceramic, and Others), by Machine Type (Hydraulic, All-electric, and Hybrid), by Clamping Force (Below 200 Tons, 200–500 Tons, and Above 500 Tons), by Business Type (New Sales and Aftersales), by End-User (Automotive, Packaging, Electronics, Healthcare, Consumer Goods, Toy Making, Building and Construction, Home Appliances, and Others) –Opportunity Analysis and Industry Forecast, 2024–2030

India Injection Molding Machine Market size was valued at USD 532.94 million in 2023, and is predicted to reach USD 888.15 million by 2030, with a CAGR of 7.2% from 2024 to 2030.

India is witnessing a surge in adoption of injection molding machines, with various indicators pointing towards its accelerated growth. One of the key driving forces is the substantial investments being made by global market players in the Indian market. Global manufacturers are establishing their presence in India, setting up production facilities, and introducing advanced technologies. For example, in November 2022, Shibaura Machine India Pvt Ltd, the subsidiary of India’s Shibaura Machine, leading manufacturer of high-precision injection molding machine in the world, has announced its plans to invest in India, subsequently to expand its manufacturing capacity in the country.

Moreover, partnerships and collaboration strategies by various local and global players have also emerged as significant drivers in India's injection molding machines industry. For instance, in December 2022, SOLIZE India Technologies, a subsidiary of SOLIZE Corporation, announced a partnership with Toray Engineering D Solutions to supply 3D injection molding machines for the Indian market.

However, emergence of alternative manufacturing technologies, such as 3D printing and additive manufacturing also restrains growth of the injection molding machines market. These innovative methods offer unique advantages that are drawing attention away from conventional injection molding. Industries that prioritize customization, rapid prototyping, and waste reduction are increasingly turning to 3D printing and additive manufacturing.

This diversion of demand impacts the injection molding machines market, particularly in sectors where these alternatives better suit the production requirements. As a result, injection molding machine manufacturers face the challenge of adapting to changing market dynamics and finding ways to remain competitive, as manufacturing technologies continue to evolve.

On the contrary, a significant factor expected to create substantial market opportunities for injection molding machines in the future is rise in demand for customization and personalized products. This trend is becoming evident across various industries, ranging from consumer goods to electronics. Injection molding machines are at the forefront of catering to this trend.

Machines that possess the ability to quickly switch between different molds and efficiently produce small batches play a pivotal role in enabling manufacturers to respond to this demand for customization. These machines empower manufacturers to produce items that are tailor-made to suit specific requirements and preferences. Whether it's creating custom-designed consumer goods or producing electronics with unique features, injection molding machines equipped for such versatility are crucial for fulfilling consumers’ demand.

Segment Overview

The India Injection molding market is segmented on the basis of product type, machine type, clamping force, business type, and end-user
 By product type, the market is classified into plastic, rubber, metal, ceramic, and others.
 By machine type, the market is divided into hydraulic, all-electric, and hybrid.
 By clamping force, the market is classified into below 200 Tons, 200-500 Tons, above 500 Tons.
 By business type, the market is segmented into new sales and aftersales.
 By end user, the market is categorized into automotive, packaging, electronics, healthcare, consumer goods, toy making, building and construction, home appliances, and others.

KEY MARKET PLAYERS

The key players in the India Injection molding market include companies such as:
• Hillenbrand, Inc.
• Sumitomo Heavy Industries
• The India Steel Works
• NISSEI
• Ube Industries, Ltd.
• ENGEL
• ARBURG
• Haitian International
• Husky Injection Molding Systems
• KraussMaffei Group

KEY BENEFITS
• The India Injection molding market report provides a quantitative analysis of the current market and estimations from 2024 to 2030. This analysis assists in identifying the prevailing market opportunities.
• The study comprises a detailed analysis of the India Injection molding market trends, including current and future trends to depict prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the India Injection molding market is provided in the report.
• The competitive analysis of the market players along with their market share in the India Injection molding market is provided in the report.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the report.
• The value chain analysis in the market study provides a clear picture of the role of stakeholders.

Companies Mentioned

KEY MARKET PLAYERS
• Hillenbrand, Inc.
• Sumitomo Heavy Industries
• The Japan Steel Works
• NISSEI
• Ube Industries, Ltd.
• ENGEL
• ARBURG
• Haitian International
• Husky Injection Molding Systems
• KraussMaffei Group