Injection Molding Machines Market Forecast 2022-2027: Size, Trends, Share, Global Industry Growth
The latest research studyinjection molding machine market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” by IMARC Group, finds that the global injection molding machine market size 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% 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.
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.
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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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Scope of the Injection Molding Machines Market Report |
|
Report cover |
Details |
Market size value in 2021 |
US$10.54 billion |
Market forecast in 2027 |
US$14.56 billion |
Rate of growth |
CAGR of 5.35% from 2022 to 2027 |
Base year for the estimate |
2021 |
Historical data |
2016-2021 |
Forecast period |
2022-2027 |
Report cover |
Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends |
Segments Covered |
Machine type, material and application |
Regional scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
Profiled Key Companies |
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.). |
Market dynamics |
Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period, |
Personalization area |
If our report does not include the data you are looking for, you can contact our analysts and customize the segments. |
Report segmentation:
The report has segmented the market into the following categories:
Breakdown by type of machine:
• Hydraulic
• Electric
• Hybrid
Breakdown by material:
• Plastics
• Metals
• Others
Breakdown by application:
• Automotive
• Consumer goods
• Packaging
• Electronic
• Others
By geography:
• North America
oh United States
oh Canada
• Asia Pacific
oh China
oh Japan
oh India
oh South Korea
oh Australia
oh Indonesia
oh Others
• Europe
oh Germany
oh France
oh UK
oh Italy
oh Spain
oh Russia
oh Others
• Latin America
oh Brazil
oh Mexico
oh 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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