The latest research study “Injection Molding Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” from IMARC Group, reveals that the global injection molding machine market size injection reached US$10.54 billion in 2021. , IMARC Group expects the market to reach a value of US$14.56 billion by 2027, growing at a CAGR of 5.35% at during the period 2022-2027.
Impact of Covid-19:
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Industry definition and application:
Injection molding machines (IMM), also known as injection presses, are machines used to mass-produce identical parts or items. They work by injecting molten materials, such as glass, metal, elastomers and thermoplastic polymers, into custom molds. They offer flexibility, improved accuracy, superior strength, durability and customization. They are widely used to make electrical switches, automotive bumpers, disposable razors, power tool cases and syringes. As a result, injection molding machines find many applications in various industries including automotive, consumer goods, medical, packaging, and electronics.
Injection Molding Machine Market Trends and Drivers:
The global injection molding machine market is primarily driven by the growing adoption in various end-use sectors for manufacturing precise polymer components with complex shapes. Additionally, there has been widespread adoption of products to produce large volumes of medical supplies, such as air systems and syringes, amid the recent coronavirus disease (Covid-19) outbreak.
Also, the growing popularity of fully electric injection modeling machines due to their minimum power consumption, increased accuracy, high speed, reusability and low maintenance is positively influencing the growth of the market.
Additionally, recent technological advancements, such as the integration of Information and Communication Technology (ICT) and Internet of Things (IoT) solutions to improve overall product quality and manufacturing processes, propelled the growth of the market.
Other factors including the launch of innovative automated machines, rapid industrialization, and ongoing research and development (R&D) activities are also expected to create favorable market outlook.
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Report segmentation:
The report has segmented the market into the following categories:
Breakdown by type of machine:
• Hydraulics
• Electric
• Hybrid
Breakdown by material:
• Plastics
• Metals
• Others
Breakdown by application:
• Automotive
• Consumer goods
• Packaging
• Electronics
• Others
Breakdown by region:
• North America: (United States, Canada)
• Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, others)
• Middle East and Africa
List of major key players:
The major market players are Arburg GmbH + Co. KG, Chen Hsong Holdings Limited, Engel Holding Gesellschaft mbH, Haitian International, Japan Steel Works Ltd., KraussMaffei (China National Chemical Corporation), Milacron Holdings Corp. (Hillenbrand Inc.), Nissei Plastic Industrial Co. Ltd., Shibaura Machine Co. Ltd., Sumitomo Heavy Industries Ltd., Toyo Machinery & Metal Co. Ltd. and Ube Machinery Corporation Ltd. (Ube Industries Ltd.).
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