North America Plastic Injection Molding Machine Market Share, Size, Trends, Industry Analysis Report, By Technology (Hydraulic, Electric, And Hybrid); By Technological Sophistication; By Clamping Force; By End-Use; and By Region; Segment Forecast, 2024- 2023
The North America plastic injection molding machine market size is expected to reach USD 2,884.65 Million by 2032, according to a new study by Polaris Market Research. The report “North America Plastic Injection Molding Machine Market Share, Size, Trends, Industry Analysis Report, By Technology (Hydraulic, Electric, And Hybrid); By Technological Sophistication; By Clamping Force; By End-Use; and By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Plastic injection molding is a sophisticated manufacturing technology renowned for its ability to facilitate the mass production of components by injecting molten substances into molds. Predominantly utilized in mass production settings, it yields thousands of identical objects with remarkable precision. While injection molding accommodates a diverse range of materials such as metals, glassware, elastomers, and confections, thermoplastic and thermosetting polymers reign supreme. Notably, its primary advantage lies in its prowess for mass production, leading to low unit costs once initial expenses are amortized.
The plastic injection molding process entails heating and melting synthetic resins, commonly referred to as plastics, before injecting them into molds and subsequently cooling them to achieve the desired shape. Mirroring the action of injecting fluids via a syringe, this method epitomizes the essence of injection molding. The procedural sequence involves melting materials, depositing them into molds for solidification, followed by extraction and finishing.
Injection molding equipment serves as a cornerstone for mass-producing plastic components with unparalleled precision. Renowned for its efficiency, the injection molding machine stands as an optimal and energy-efficient solution for plastic item production at scale. The growing market for injection molding machines owes its momentum to the myriad attributes of these machines, including durability, user-friendliness, heightened production rates, rapid production cycles, and superior quality output.
Fueling the expansion of the North America plastic injection molding machine market is the substantial industrial investment coupled with robust demand for injection-molded polymers, particularly within the automotive and healthcare sectors. Industry leaders further propel market growth through the development of fully automated injection molding equipment, thereby ensuring energy efficiency. To cater to diverse client requirements, market participants offer injection molding machines in varying sizes and configurations.
Plastic Injection molding epitomizes automation, with automated tools seamlessly integrated into injection molding machines. The majority of injection molding processes are executed by machines and robotics, minimizing human intervention and associated labor costs. This automation not only streamlines processes but also augurs well for reducing the overall production costs of plastic parts. Moreover, the injection molding method facilitates the production of numerous identical parts per hour, further enhancing its cost-effectiveness and efficiency. The expansion of the market is poised to be driven by escalating production rates and rapid Plastic injection molding production capabilities. Furthermore, injection molding allows for the creation of plastic components with diverse finishes, ranging from light texture to screen-printed, catering to varied aesthetic preferences. Consequently, the combination of low labor costs and bulk production potential associated with injection molding machines is expected to catalyze market expansion in the foreseeable future.
North America Plastic Injection Molding Machine Market Report Highlights
In 2023, the Hydraulic segment accounted for the largest revenue share in North America plastic injection molding machine market. the production of plastic parts of exceptional quality, regardless of their thickness or thinness. Moreover, a hybrid injection molding machine facilitates a rapid return on investment (ROI), permits ongoing adjustments, and offers flexibility in product design alternatives.
By End-use, the Automotive segment is expected to grow at the fastest CAGR during the forecast period. The versatility and efficiency of injection molding technology make it indispensable for producing these intricate and customized automotive parts.
In 2023, United States dominated the largest market 2023 due to, the combination of rapid economic growth, diverse industrial sectors, technological innovation, favorable business conditions, and strong infrastructure has positioned the United States as a dominant player in the North American plastic injection molding machine market.
The North America key market players Bemis Manufacturing Company, Berry Global, Inc., Fathom Digital Manufacturing, Hillenbrand,Inc., Husky Injection Molding systems Ltd., Jabil Inc., Milacron holdings Corp., Milacron, LLC, NISSEI America, Inc, Plastikon Industries, Inc., Proto Labs, Inc., Rodon Group LLC, UBE Machinery Inc, Xometry Enterprise.
Polaris Market Research has segmented the North America plastic injection molding machine market report based on technology, technological sophistication, clamping force, end-use, and region.
North America Plastic Injection Molding Machine, Technology Outlook (Revenue - USD Million, 2019 - 2032)
Hydraulic
Electric
Hybrid
North America Plastic Injection Molding Machine, Technological Sophistication Outlook (Revenue - USD Million, 2019 - 2032)
High Tech
Mid Tech
Low Tech
North America Plastic Injection Molding Machine, Clamping Force Outlook (Revenue - USD Million, 2019 - 2032)
< 100 Metric Tons
101 to 400 Metric Tons
401 to 1000 Metric Tons
> 1000 Metric Tons
North America Plastic Injection Molding Machine, End-Use Outlook (Revenue - USD Million, 2019 - 2032)
Automotive
Consumer Goods
Packaging
Electronics
Medical
Others
North America Plastic Injection Molding Machine, Region Outlook (Revenue - USD Million, 2019 - 2032)
North America
U.S.
Canada
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. North America Plastic Injection Molding Machine Market Insights
- 4.1. North America Plastic Injection Molding Machine Market – Industry Snapshot
- 4.2. North America Plastic Injection Molding Machine Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. The increasing Industrialization is projected to spur product demand
- 4.2.1.2. Growing Demand for automotive Industry
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High initial investment are likely to impede the market growth
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. North America Plastic Injection Molding Machine Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
- 5. North America Plastic Injection Molding Machine Market, by Technology
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. North America Plastic Injection Molding Machine, by Technology, 2018-2030 (USD Million)
- 5.3. Hydraulic
- 5.3.1. North America Plastic Injection Molding Machine Market, by Hydraulic, 2018-2030 (USD Million)
- 5.4. Electric
- 5.4.1. North America Plastic Injection Molding Machine Market, by Electric, 2018-2030 (USD Million)
- 5.5. Hybrid
- 5.5.1. North America Plastic Injection Molding Machine Market, by Hybrid, 2018-2030 (USD Million)
- 6. North America Plastic Injection Molding Machine Market, by Technological Sophistication
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. North America Plastic Injection Molding Machine Market, by Technological Sophistication, 2018-2030 (USD Million)
- 6.3. High Tech
- 6.3.1. North America Plastic Injection Molding Machine Market, by High Tech, 2018-2030 (USD Million)
- 6.4. Mid Tech
- 6.4.1. North America Plastic Injection Molding Machine Market, by Mid Tech, 2018-2030 (USD Million)
- 6.5. Low Tech
- 6.5.1. North America Plastic Injection Molding Machine Market, by Low Tech, 2018-2030 (USD Million)
- 7. North America Plastic Injection Molding Machine Market, by Clamping Force
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. North America Plastic Injection Molding Machine Market, by Clamping Force, 2018-2030 (USD Million)
- 7.3. < 100 Metric Tons
- 7.3.1. North America Plastic Injection Molding Machine Market, by < 100 Metric Tons, 2018-2030 (USD Million)
- 7.4. 101 to 400 Metric Tons
- 7.4.1. North America Plastic Injection Molding Machine Market, by 101 to 400 Metric Tons, 2018-2030 (USD Million)
- 7.5. 401 to 1000 Metric Tons
- 7.5.1. North America Plastic Injection Molding Machine Market, by 401 to 1000 Metric Tons, 2018-2030 (USD Million)
- 7.6. > 1000 Metric Tons
- 7.6.1. North America Plastic Injection Molding Machine Market, by > 1000 Metric Tons, 2018-2030 (USD Million)
- 8. North America Plastic Injection Molding Machine Market, by End-use
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. North America Plastic Injection Molding Machine Market, by End-use, 2018-2030 (USD Million)
- 8.3. Automotive
- 8.3.1. North America Plastic Injection Molding Machine Market, by Automotive, 2018-2030 (USD Million)
- 8.4. Consumer Goods
- 8.4.1. North America Plastic Injection Molding Machine Market, by Consumer Goods, 2018-2030 (USD Million)
- 8.5. Packaging
- 8.5.1. North America Plastic Injection Molding Machine Market, by Packaging, 2018-2030 (USD Million)
- 8.6. Electronics
- 8.6.1. North America Plastic Injection Molding Machine Market, by Electronics, 2018-2030 (USD Million)
- 8.7. Medical
- 8.7.1. North America Plastic Injection Molding Machine Market, by Medical, 2018-2030 (USD Million)
- 8.8. Others
- 8.8.1. North America Plastic Injection Molding Machine Market, by Others, 2018-2030 (USD Million)
- 9. North America Plastic Injection Molding Machine Market, by Countries
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. North America Plastic Injection Molding Machine Market Assessment, By Countries, 2018-2030 (USD Million)
- 9.2.2. North America Plastic Injection Molding Machine Market – U.S
- 9.2.2.1. U.S: North America Plastic Injection Molding Machine Market, by Technological Sophistication, 2018-2030 (USD Million)
- 9.2.2.2. U.S: North America Plastic Injection Molding Machine Market, by Technology, 2018-2030 (USD Million)
- 9.2.2.3. U.S: North America Plastic Injection Molding Machine Market, by Clamping Force, 2018-2030 (USD Million)
- 9.2.2.4. U.S: North America Plastic Injection Molding Machine Market, by End-use, 2018-2030 (USD Million)
- 9.2.3. North America Plastic Injection Molding Machine Market – Canada
- 9.2.3.1. Canada.: North America Plastic Injection Molding Machine Market, by Technological Sophistication, 2018-2030 (USD Million)
- 9.2.3.2. Canada.: North America Plastic Injection Molding Machine Market, by Technology, 2018-2030 (USD Million)
- 9.2.3.3. Canada.: North America Plastic Injection Molding Machine Market, by Clamping Force, 2018-2030 (USD Million)
- 9.2.3.4. Canada.: North America Plastic Injection Molding Machine Market, by End-use, 2018-2030 (USD Million)
- 10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
- 11. Company Profiles
- 11.1. Bemis Manufacturing Company
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Technology Benchmarking
- 11.1.4. Recent Development
- 11.2. Berry Global, Inc.
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Technology Benchmarking
- 11.2.4. Recent Development
- 11.3. Fathom Digital Manufacturing
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Technology Benchmarking
- 11.3.4. Recent Development
- 11.4. Hillenbrand,Inc.
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Technology Benchmarking
- 11.4.4. Recent Development
- 11.5. Husky Injection Molding systems Ltd.
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Technology Benchmarking
- 11.5.4. Recent Development
- 11.6. Jabil Inc.
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Technology Benchmarking
- 11.6.4. Recent Development
- 11.7. Milacron holdings Corp.
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Technology Benchmarking
- 11.7.4. Recent Development
- 11.8. Milacron, LLC
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Technology Benchmarking
- 11.8.4. Recent Development
- 11.9. NISSEI America, Inc
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Technology Benchmarking
- 11.9.4. Recent Development
- 11.10. Plastikon Industries, Inc.
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Technology Benchmarking
- 11.10.4. Recent Development
- 11.11. Proto Labs, Inc.
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Technology Benchmarking
- 11.11.4. Recent Development
- 11.12. Rodon Group LLC
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Technology Benchmarking
- 11.12.4. Recent Development
- 11.13. UBE Machinery Inc
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Technology Benchmarking
- 11.13.4. Recent Development
- 11.14. Xometry Enterprise
- 11.14.1. Company Overview
- 11.14.2. Financial Performance
- 11.14.3. Technology Benchmarking
- 11.14.4. Recent Development
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