Authored By: Sarah
11 Jul 2024

 Injection Molding Machine Market to grow by USD 5194.4 million between 2024-2028

According to a research report “ Injection Molding Machine Market” by Type (Plastics, Rubber, Others) End-user (Automotive, Consumer goods, Packaging, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 5194.4 million at a CAGR of  4.36% during the forecast period. Injection molding machines have experienced significant market growth due to their ability to enhance production efficiency, reduce costs, and ensure high-quality outputs in various industries. Key sectors, such as automotive and packaging, have spearheaded this trend, leveraging injection molding technology to produce intricate, precise, and consistent parts and products. The automotive industry benefits from the production of complex automobile components, while packaging and consumer goods companies capitalize on the creation of durable, lightweight, and high-quality plastic containers and equipment..

Browse market data tables, figures, and in-depth TOC on “Injection Molding Machine Market” by Type (Plastics, Rubber, Others) End-user (Automotive, Consumer goods, Packaging, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028.

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By Type, the Plastics segment is projected to dominate the market size in 2024.

Injection molding machines significantly contribute to the automotive industry by enhancing production efficiency and ensuring superior part quality. These machines, equipped with high-speed injection molding capabilities, enable the mass production of automotive components, including dashboards, bumpers, and interior trims, in a short timeframe. This expedited production process is crucial for automakers to address escalating market demands. Furthermore, injection molding machines deliver parts with enhanced accuracy and consistency, thereby reducing waste and improving overall manufacturing performance.

By End-user, Automotive  segment is expected to hold the largest market size for the year 2024.

The injection molding machine market experiences significant growth due to the widespread utilization of injection molding in manufacturing various plastic parts and components for diverse industries. Notably, polypropylene (PP), a thermoplastic polymer, is a preferred material in this process. Known for its high melting point, chemical resistance, and overall toughness, PP is extensively used in automotive, packaging, and medical sectors. Its lightweight property and ease of moldability make it an optimal choice for injection molding, resulting in the production of caps, covers, and automotive components, among others.

APAC is forecasted to hold the largest market size by region in 2024.

The Injection Molding Machine Market represents a significant business landscape, characterized by continuous advancements in technology and growing demand for mass-produced plastic products. These machines offer efficiency, cost-effectiveness, and versatility, making them indispensable for various industries, including automotive, packaging, and consumer goods. Market growth is driven by factors such as increasing consumer preferences for lightweight and durable plastics, as well as the ongoing trend towards automation and digitalization in manufacturing processes.

The Injection Molding Machine Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ARBURG GmbH Co KG
  • BORCHE NORTH AMERICA INC.
  • Chen Hsong Holdings Ltd.
  • Cosmos Machinery Enterprises Ltd.
  • Electronica Plastic Machines Ltd.
  • ENGEL AUSTRIA GmbH
  • FANUC Corp.
  • Haitian International Holdings Ltd.
  • Hillenbrand Inc.
  • Husky Technologies
  • KraussMaffei Group GmbH
  • L.K. Technology Holdings Ltd.
  • NISSEI PLASTIC INDUSTRIAL Co. Ltd.
  • Shibaura Machine Co. Ltd.
  • Sumitomo Heavy Industries Ltd.
  • Tederic Machinery Co., Ltd.
  • The Japan Steel Works Ltd.
  • Toyo Machinery and Metal Co. Ltd.
  • Ube Corp.
  • WITTMANN Technology GmbH
.

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Research Analysis Overview

The Injection Molding Machine Market plays a significant role in various manufacturing industries, including electric vehicles, automobiles, electronics, and plastics. These machines are essential for producing both exterior and interior parts of electric machines and vehicles. In the event of urgent emergencies, the supply networks for injection molding machines ensure uninterrupted production. The versatility of injection molding machines makes them indispensable in mass-producing plastic products for industries such as processed food and beverages, medicines, and manufacturing industries. The global population's increasing demand for these products contributes to the market's growth. Injection molding machines' production rate is influenced by labor availability and specific requirements. The labor-intensive nature of the process necessitates a skilled workforce. Moreover, the machines' ability to produce plastic products efficiently and with high precision makes them a cost-effective solution for industries. The injection molding machine market's growth is also driven by the wastage reduction capabilities of these machines. They help minimize wastage during the production process, making them an environmentally friendly option for industries. Overall, the injection molding machine market is a critical component of the economy, contributing to the production of various essential products.

Market Research Overview

In the dynamic world of manufacturing, the Injection Molding Machine market continues to thrive, driven by the demands of various sectors. These machines are integral to the production of exterior and interior parts for hybrid machines, electric vehicles, and medical equipment, among others. The rise in population and urgent emergencies necessitate efficient and supportive government initiatives for industrialization. Key players in this market offer highly efficient, all-electric, and fully automatic machines, catering to specific requirements in industries like automotive hubs, packaging solutions, and manufacturing industries. Injection molding machines are pivotal in the production of plastic components for processed food & beverages, electronics, and automobiles. Energy efficiency is a significant concern, with the integration of monitoring systems and servo pumps to optimize start-up time and production rate. The market's growth is further fueled by the economy's reliance on plastics, which offer versatility and mass volume in various applications. However, the threat of wastage and labor costs necessitates continuous improvement in efficiency and mechanical systems. Finance, global trade, and supportive government initiatives play crucial roles in the market's expansion. The injection molding machine market is poised to make a substantial impact on the manufacturing landscape, contributing to the production of essential items and advanced technology components.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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