Norway 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

Norway 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

Norway Injection Molding Machine Market size was valued at USD 58.60 million in 2023, and is predicted to reach USD 105.43 million by 2030, with a CAGR of 8.3% from 2024 to 2030.

The injection molding machines market in Norway is experiencing growth driven by the expanding manufacturing industries in the country. Norwegian manufacturing output recorded a notable increase of 3.3 percent from December 2021 to January 2022, as indicated by statistics such as the production index for the oil and gas industry, mining, and power supply. This surge in manufacturing activity underscores the heightened demand for injection molding machines, which are instrumental in producing a wide range of plastic and metal components crucial to various industries. With Norwegian manufacturing industries on an upward trajectory, the injection molding machines market is poised for sustained growth and development in Norway.

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

Norway 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 Norway injection molding market include companies such as:
• Hillenbrand, Inc.
• Sumitomo Heavy Industries
• The Japan Steel Works
• NISSEI
• Ube Industries, Ltd.
• ENGEL
• ARBURG
• Haitian International
• Husky Injection Molding Systems
• KraussMaffei Group

KEY BENEFITS
• Norway 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 Norway 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 Norway injection molding market is provided in the report.
• The competitive analysis of the market players along with their market share in Norway 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