Injection Molding Machine Market

Injection Molding Machine Market estimated at USD 9,800 Million in 2020 and projected to grow at a 3.6% CAGR over the forecast period.

Introduction of the Injection Molding Machine Market Report

Injection molding is a type of machine used to manufacture parts in large volumes that are most typically used in the mass-production of various products. Injection molding equipment is suitable for carbonated beverages, mineral water, edible oils, fruit juices, automotive, medicine jars, lotions, cosmetic packaging containers, etc.  The injection molding machine has several advantages: lightweight, durability, cost-effectiveness, corrosion resistance, and reusability.

To have an edge over the competition by knowing the market dynamics and current trends of “Injection Molding Machine Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global injection molding machine market are increasing demand for consumer electronics with the growing adoption of advanced technology devices and growing adoption of injection molding machines in various industries such as packaging, automotive, and others. For instance, in the United States, the automotive plastic component with finished automotive plastics and polymer composite products valued at USD 20.8 Billion. These automotive plastic products are produced from over 1,540 plants located in 45 states in the United States to bring in the market.

The rising trend towards adopting industry 4.0 for plastic production for manufacturing processes of several industries such as automotive, packaging, consumer electronics, etc., has propelled the injection molding machine market. For instance, in 2019, Sumitomo (SHI) Demag has launched a turnkey LSR package for the IntElect molding machine series with a special screw, nonreturn valve, vacuum system, and other LSR-specific options. It created a massive demand for injection molding machines across the globe.

Restraint in the Injection Molding Machine Market

However, high initial machinery and tooling costs for small plastic and metal component manufacturing and high installation and maintenance costs may hinder the global injection molding machine market. For instance, the price of injection molding machines for large and complex parts production varies from USD 40000-80,000. Also, the rising emergence of an alternate manufacturing method such as 3D printing and thermoforming is likely to hamper the injection molding machines market growth. Moreover, the COVID 19 pandemic has adversely affected the global injection molding machines industry owing to strict rules and regulations and lockdown measures in different countries globally for carrying out production processes.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Machine Type – Segment Analysis

Based on the machine type, Hydraulic expected to grow at the fastest rate in the global injection molding machine market in 2020, owing to rising demand for the manufacturing of the automotive components across the globe with a surge in the number of manufacturing facilities. For instance, as per the India Brand Equity Foundation Organization, the automotive components reached USD 51.20 Billion in 2018 while exports reached USD 13.5 Billion. Thus, hydraulic machines for manufacturing automotive components are due to their benefits, such as simple and easy-to-maintain systems due to fewer moving parts.

Material – Segment Analysis

Based on the material, plastic are projected to capture the largest market share over the forecast period in the global injection molding machine market due to the rising demand for lightweight and low-cost Material for packaging in several industries, including in consumer goods, electronics, and many more.

Technology – Segment Analysis

Based on the technology, Electric holds the highest market share in 2020 in the global Injection Molding Machine market due to the high usage of Electric pesticides. It provides low cost, stability, availability, simplicity of Material, and effectiveness. In addition, Electric Technology helps to minimize the impact on the surrounding environment. Electric Technology is further divided into insecticides, rodenticides, and others in the global Injection Molding Machine market. Insecticides are projected to capture the largest revenue share in the global Injection Molding Machine market.

End-User – Segment Analysis

Based on the end-user, automotive is expected to capture the largest market share in the global injection molding machine market in upcoming years owing to the rise in automotive components production and surge in the global vehicle sale and production. Light commercial vehicle production reached 94.5 Million and is slightly declined in 2020 due to the Covid-19 pandemic as per the Car Group Organization Report in 2019. Thus, it created potential demand for the injection molding machine market in the automotive industry. 

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

Asia-Pacific region is dominated the injection molding market with a significant share in the global injection molding machine market in 2020 due to the presence of the manufacturing industry, growing foreign direct investment, and rising demand for the consumer electronics demand due to significant population demand in the developing countries such as India, China, etc. For instance, the electronics industry market in India was valued at USD 120 Billion in 2019 due to the rising sale of Consumer Electronics, Mobile Phones, computer hardware, and other industrial electronic products in the country.

Top Market Players 

Major players operating in the injection molding machine market include Sumitomo Heavy Industries Ltd., Hillenbrand, Inc., Engel Austria GmbH, Arburg GmbH + Co KG, Chen Hsong Holdings Limited, Haitian International, Ved Machinery, Lectronica Plastic Machines Limited, Nissei America, Inc., Husky Injection Molding Systems Ltd., and among others.

Key Developments:

• • In 2021, Arburg, one of the leading injection molding machine manufacturers, has completed AMK Arnold Müller GmbH & Co. KG, Drives & Automation division. The family-owned company from southern Germany will supply electric drive and industrial automation technology. It will operate AMKmotion GmbH + Co KG with this new name.

Segments covered in the Report:

The global injection molding machine market has been segmented on the basis of machine type, material, technology, end-user and key regions. Based on machine type, the market is segmented into hydraulic, hybrid and all-electric. Based on material, the market is segmented into plastic, metal, and rubber. Based on technology, the market is segmented into electric, hydraulic and mechanical. Based on end-user the market is segmented into automotive, aerospace & defence, packaging, consumer electronics and others. 

For detailed scope of the “Injection Molding Machine Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Injection Molding Machine market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Injection Molding Machine market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Injection Molding Machine market?
  • Which machine type generated maximum revenues in 2020 and identifies the most promising Machine Type during the forecast period?
  • What are the various end-users of global Injection Molding Machine market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Injection Molding Machine Market by Machine Type

• • Hydraulic
  • Hybrid
  • All-electric

Global Injection Molding Machine Market by Material

• • Plastic
  • Metal
  • Rubber

Global Injection Molding Machine Market by Technology

• • Electric
  • Hydraulic
  • Mechanical

Global Injection Molding Machine Market by End-User

• • Automotive
  • Aerospace & Defence
  • Packaging
  • Consumer Electronics
  • Others

Global Injection Molding Machine Market by Region

• • North America Injection Molding Machine Market (Option 1: As a part of the free 25% customization)
    • North America Injection Molding Machine Market by Machine Type
    • North America Injection Molding Machine Market by Material
    • North America Injection Molding Machine Market by Technology
    • North America Injection Molding Machine Market by End-User
    • US Injection Molding Machine Market All-Up
    • Canada Injection Molding Machine Market All-Up
  • Europe Injection Molding Machine Market (Option 2: As a part of the free 25% customization)
    • Europe Injection Molding Machine Market by Machine Type
    • Europe Injection Molding Machine Market by Material
    • Europe Injection Molding Machine Market by Technology
    • Europe Injection Molding Machine Market by End-User
    • UK Injection Molding Machine Market All-Up
    • Germany Injection Molding Machine Market All-Up
    • France Injection Molding Machine Market All-Up
    • Spain Injection Molding Machine Market All-Up
    • Rest of Europe Injection Molding Machine Market All-Up
  • Asia-Pacific Injection Molding Machine Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Injection Molding Machine Market by Machine Type
    • Asia-Pacific Injection Molding Machine Market by Material
    • Asia-Pacific Injection Molding Machine Market by Technology
    • Asia-Pacific Injection Molding Machine Market by End-User
    • China Injection Molding Machine Market All-Up
    • India Injection Molding Machine Market All-Up
    • Japan Injection Molding Machine Market All-Up
    • Rest of APAC Injection Molding Machine Market All-Up
  • RoW Injection Molding Machine Market (Option 4: As a part of the free 25% customization)
    • RoW Injection Molding Machine Market by Machine Type
    • RoW Injection Molding Machine Market by Material
    • RoW Injection Molding Machine Market by Technology
    • RoW Injection Molding Machine Market by End-User
    • Brazil Injection Molding Machine Market All-Up
    • South Africa Injection Molding Machine Market All-Up
    • Saudi Arabia Injection Molding Machine Market All-Up
    • UAE Injection Molding Machine Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Injection Molding Machine Market All-Up

Major Players Operating in the Injection Molding Machine (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Sumitomo Heavy Industries Ltd.
  • Hillenbrand, Inc.
  • Engel Austria GmbH
  • Arburg GmbH + Co KG
  • Chen Hsong Holdings Limited
  • Haitian International
  • Ved Machinery
  • Lectronica Plastic Machines Limited
  • Nissei america, inc.
  • Husky Injection Molding Systems Ltd.