Injection molding machine market size to grow by USD 5,040.86 million from 2022 to 2027; Growth driven by rising demand for injection molding machines from various industries

NEW YORK, May 2, 2023 /PRNewswire/ -- The global injection molding machine market size is estimated to increase by USD 5,040.86 million between 2022 and 2027. The market's growth momentum will be progressing at a CAGR of 4.38% during the forecast period. The market is driven by the rising demand for injection molding machines from various industries. Manufacturers across various industries continuously look to improve production efficiency, reduce costs, and attain high-quality products. This has increased the adoption of injection molding machines. These machines allow manufacturers to produce intricate parts with precision and consistency. For instance, in the packaging and consumer goods industry, manufacturers are increasingly adopting injection molding techniques to create durable, lightweight, and high-quality plastic containers, packaging equipment, and other products. Similarly, in the medical industry, injection molding machines are used to manufacture products with the desired thickness, strength, and design. Thus, the increasing use of injection molding machines in various manufacturing applications will drive the growth of the market during the forecast period. Discover some insights on the market size historic period (2017 to 2021) and forecast (2023-2027) before buying the full report - Request a sample report

Global Injection Molding Machine Market – Vendor Analysis

The global injection molding machine market is fragmented due to the presence of several international and domestic vendors. Vendors compete based on several factors, such as quality, price, service, brand image, distribution, and marketing. Also, major vendors are focusing on acquiring other smaller brands to increase their market presence. Changing consumer consumption patterns may affect vendor performance in the global market. It may also be affected by global and regional economic conditions and other demographic trends. Some of the key vendors covered in the report include:

ARBURG GmbH Co KG - The company offers injection molding machines such as Allrounder golden electric machine.

BORCHE NORTH AMERICA INC. - The company offers injection molding machines such as BD series direct drive electric machines.

Chen Hsong Holdings Ltd. - The company offers injection molding machines such as advanced two-platen molding machines.

ENGEL AUSTRIA GmbH - The company offers injection molding machines such as toggle lever machines and tie-bar-less machines.

Cosmos Machinery Enterprises Ltd.

Electronica Plastic Machines Ltd.

FANUC Corp.

Haitian International Holdings Ltd.

Hillenbrand Inc.

Husky Technologies

KraussMaffei Group GmbH

L.K. Technology Holdings Ltd.

Sumitomo Heavy Industries Ltd.

Tederic Machinery Co., Ltd.

The Japan Steel Works Ltd.

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Global competitiveness and key competitor positions

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Global Injection Molding Machine Market - Segmentation Assessment

Segment OverviewTechnavio has segmented the market based on type (plastics, rubber, and others), end-user (automotive, consumer goods, packaging, and healthcare and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

The market growth in the plastics segment will be significant over the forecast period. The segment is driven by the increasing use of plastics such as polypropylene, polyethylene, polystyrene, and acrylonitrile-butadiene-styrene (ABS) in various end-user applications. For instance, polyethylene (PE) is extensively used in the packaging and consumer goods industries owing to its durability, flexibility, and resistance to moisture and chemicals. Similarly, ABS is a thermoplastic polymer that offers a balance of mechanical, chemical, and thermal properties. It is widely used in the manufacture of automotive parts, toys, electronics, and sporting goods. All these factors drive the growth of the segment.

Geography OverviewThe report provides actionable insights and estimates the contribution of all regions to the growth of the global injection molding machine market.

APAC will account for 47% of the market growth during the forecast period. The steady expansion of various industries, such as automotive, packaging, and construction, has been crucial in driving the growth of the regional market. In addition, factors such as improved infrastructure, rapid industrialization, the presence of a well-developed manufacturing industry, and the rising government initiatives to revive the manufacturing sector are propelling the growth of the injection molding machine market in APAC.

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Global Injection Molding Machine Market – Market Dynamics

Key Trends –

The growing popularity of 3D printing is identified as the key trend in the market. Manufacturers are integrating 3D printing technology with injection molding to easily produce complex geometries. The use of 3D printing not only saves time but also reduces the risk of defects and material waste. The technology also allows manufacturers to develop prototypes easily. This allows designers and engineers to quickly identify and address any design flaws before moving on to mass production. Thus, the increasing popularity of 3D printing is expected to have a positive impact on the growth of the market during the forecast period.

Major challenges –

The high initial and maintenance cost of injection molding machines will challenge the growth of the market. Injection molding machines are highly complex. Hence, manufacturing these machines requires high precision. The high cost of materials, labor, and energy involved in the production of these machines further contributes to their higher price tag. In addition, injection molding machines require regular maintenance to ensure optimal working conditions. The cost of repair and replacement of the components used in these machines is also high. Such factors restrict the growth of the market in focus.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this injection molding machine market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the injection molding machine market between 2023 and 2027

Precise estimation of the size of the injection molding machine market size and its contribution to the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the injection molding machine market across APAC, North America, Europe, South America, and Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of injection molding machine market vendors

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Injection Molding Machine Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.38%

Market growth 2023-2027

USD 5,040.86 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.6

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 47%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ARBURG GmbH Co KG, BORCHE NORTH AMERICA INC., Chen Hsong Holdings Ltd., Cosmos Machinery Enterprises 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, and Electronica Plastic Machines Ltd.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of contents:

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global injection molding machine market 2017 - 2021

4.2 Type Segment Analysis 2017 - 2021

4.3 End-user Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Type

6.1 Market segments

6.2 Comparison by Type

6.3 Plastics - Market size and forecast 2022-2027

6.4 Rubber - Market size and forecast 2022-2027

6.5 Others - Market size and forecast 2022-2027

6.6 Market opportunity by Type

7 Market Segmentation by End-user

7.1 Market segments

7.2 Comparison by End-user

7.3 Automotive - Market size and forecast 2022-2027

7.4 Consumer goods - Market size and forecast 2022-2027

7.5 Packaging - Market size and forecast 2022-2027

7.6 Healthcare and others - Market size and forecast 2022-2027

7.7 Market opportunity by End-user

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

9.4 North America - Market size and forecast 2022-2027

9.5 Europe - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 US - Market size and forecast 2022-2027

9.9 China - Market size and forecast 2022-2027

9.10 India - Market size and forecast 2022-2027

9.11 Germany - Market size and forecast 2022-2027

9.12 Japan - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 ARBURG GmbH Co KG

12.4 BORCHE NORTH AMERICA INC.

12.5 Chen Hsong Holdings Ltd.

12.6 Electronica Plastic Machines Ltd.

12.7 ENGEL AUSTRIA GmbH

12.8 Haitian International Holdings Ltd.

12.9 Hillenbrand Inc.

12.10 Husky Technologies

12.11 KraussMaffei Group GmbH

12.12 NISSEI PLASTIC INDUSTRIAL Co. Ltd.

12.13 Shibaura Machine Co. Ltd.

12.14 Sumitomo Heavy Industries Ltd.

12.15 Tederic Machinery Co., Ltd.

12.16 The Japan Steel Works Ltd.

12.17 Ube Corp.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

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