Injection Molding Machinery Market Research Report —Forecast till 2027
Market Overview
The worldwide injection molding machinery market is projected to achieve a CAGR of 3.89% to outperform USD 13.42 billion during the figure time frame. Injection molding machines play out the injection molding process, which is by and large used to make plastic parts; notwithstanding, they can likewise be utilized to fabricate items or parts made of different materials separated from the plastic. The injection molding cycle can be utilized to fabricate a wide assortment of parts or items, which could fluctuate significantly in their designs, aspects, and end-use applications. The injection molding machine softens the material to be infused into the forming mold, where the liquid material chills and hardens, taking the state of the ideal part.
The worldwide injection molding machine market is attributed to the rising perception of energy saving and an ascent in the reception of injection molding machines in the bundling business. However, the high starting and support expenses of the machines are supposed to limit the worldwide market development. Eventually, the interest in enormous weight injection molding machines is supposed to set out development freedom machine injection molding machinery market players.
Segment Overview
Electric, water-powered, and half-breed machines make up most of the global market for injection moulding machines based on type. In 2020, the pressure-driven segment accounted for the largest market share of around 43.69%. The global market for injection moulding machines is divided into three categories based on bracing power: under 200 tonnes of force, 200 to 500 tonnes of force, and over 500 of force.
The market for injection moulding machines is divided into manufacturing of elastic, metal, plastic, and earthenware. In 2020, the Injection Shaped Plastics segment accounted for the largest market share (38.52%).
In view of the material, the injection molding machine market is sectioned into elastic, metal, plastic, and earthenware production. The Injection Shaped Plastics fragment
Regional Analysis
Asia-Pacific represented the biggest market portion of 48.59% in 2020, with a market worth of USD 4,982.4 million; it is anticipated to register a CAGR of 4.66% during the estimated time frame.
Europe was the second-biggest market, and it is projected to display a CAGR of 3.27%. The area is one of the biggest markets for injection molding machinery because of the advancement in the car area. The rising interest in the electric vehicle market is further impelling the development in the district. Moreover, the presence of various players like KraussMaffei, ARBURG, and ENGEL AUSTRIA GmbH fabricating organizations are altogether embracing cutting-edge innovations to upgrade their business tasks. The key variable energizing the interest in injection molding machines is the developing bundling industry in Europe.
Major Players
Prominent players in the global injection molding machinery market include Dongshin Hydraulic (South Korea), HAITIAN International (China), Hillenbrand Inc. (US), JAPAN Steel Works (Japan), Chen Hsong Holdings (Hong Kong), SUMITOMO Heavy Industries (Japan), NISSEI Plastic Industrial Co.Ltd. (Japan), Arburg (Germany), Engel Austria GmbH (Austria), and Husky Injection Molding Systems Ltd. (Canada).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Companies Mentioned
Dongshin Hydraulic (South Korea)
HAITIAN International (China)
Hillenbrand Inc. (US)
JAPAN Steel Works (Japan)
Chen Hsong Holdings (Hong Kong)
SUMITOMO Heavy Industries (Japan)
NISSEI Plastic Industrial Co.Ltd. (Japan)
Arburg (Germany)
Engel Austria GmbH (Austria)
and Husky Injection Molding Systems Ltd. (Canada)
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