ARBURG GmbH Co KG, BORCHE North America INC., and Chen Hsong Holdings Ltd. are key companies
NEW YORK, Jan. 23, 2024 /PRNewswire/ — The injection molding machine market is to grow by USD 5.04 billion between 2022 and 2027, and register a CAGR of 4.38%, according to Technavio’s latest research report estimates. This report offers an up-to-date analysis regarding the current scenario, the latest trends and drivers, and the overall environment. APAC is estimated to contribute 47% to the growth by 2027. The Asia-Pacific region, driven by China’s robust consumer goods, automotive, and construction industries, experiences significant growth in injection molding equipment demand. China’s economic strength, coupled with enhanced infrastructure and industrialization, contributes to expansion. Technology advancements, particularly in robotics and automation, enhance injection molding machines’ efficiency, allowing manufacturers to reduce costs and bolster competitiveness. This technological evolution further propels the growth amid the thriving industries in the region.
- Type
- Plastics
- Rubber
- Others
- End-user
- Automotive
- Consumer Goods
- Packaging
- Healthcare And Others
- Geography
- APAC
- North America
- Europe
- South America
- Middle East And Africa
The plastics segment will contribute a major share during the forecast period. Injection molding stands as a versatile and efficient manufacturing method, widely employed to produce diverse plastic parts across various industries. Predominantly, polypropylene, polyethylene, polystyrene, and acrylonitrile-butadiene-styrene (ABS) emerge as the primary plastics favored in injection molding machines.
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Injection Molding Machine Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.38% |
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Market growth 2023-2027 |
USD 5.04 billion |
To help businesses improve their position, the report provides a detailed analysis of around 15+ companies. Some of these companies include 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., and WITTMANN Technology GmbH.
Shibaura Machine Co. Ltd. – The key offerings of the company include injection molding machines such as the Hydraulic injection molding machine IS series.
The report also covers the following areas:
The rising demand for Injection molding machines from various industries is notably driving the growth. Injection molding machines are increasingly popular across industries due to their ability to enhance production effectiveness, reduce costs, and create high-quality products. The automotive sector is a major driver, using this technology for precision parts. Similarly, packaging and consumer goods sectors use it for strong, light products, and the medical sector for tools meeting regulatory standards.
Trends such as the growing popularity of 3D printing are likely to emerge as one of the primary drivers. However, factors such as the high initial and maintenance costs of injection molding machines may threaten the growth.
Injection Molding Machine: Major Applications
Injection molding machines are vital in plastic processing machinery and manufacturing equipment. They consist of a clamping unit, injection unit, hydraulic system, electric system, and controller (PLC). These machines use a barrel and screw to melt resin, which is then injected into a mold using a reciprocating screw and nozzle. Injection pressure, speed, tonnage, and cycle time are crucial parameters in this process. The molded part can be made of thermoplastic or thermosetting material, with factors like screw diameter, melt temperature, and shot size affecting the outcome. Mold design, hot runner system, material feed system, ejector system, and multi-cavity mold are all key components. Integration with Industry 4.0 is enhancing their capabilities.
Injection Molding Machine Market 2023-2027: Key Highlights
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will assist growth during the next five years
- Estimation of the injection molding machine market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the injection molding machine market
- Analysis of the competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of injection molding machine vendors
Related Reports
The injection molding market size is estimated to grow by USD 30.65 billion accelerating at a CAGR of 4.14% between 2023 and 2027.
The robotic injection molding machine market size is estimated to grow at a CAGR of 4.79% between 2022 and 2027. The size is forecast to increase by USD 116.32 million.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Sizes
Five Forces Analysis
Segmentation by End-user
Segmentation by Type
Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging trends and provide actionable insights to help businesses identify opportunities and develop effective strategies to optimize their positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable insights to identify opportunities in existing and potential areas and assess their competitive positions within changing scenarios.
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SOURCE Technavio
