Injection Molding Machine Market challenges, share, Industry Growth, Trends, Drivers, key Companies by 2030

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The global injection molding machine market size is expected to reach USD 23.31 Billion in 2030 and register a revenue CAGR of 3.7% during the forecast period.

The global injection molding machine market size is expected to reach USD 23.31 Billion in 2030 and register a revenue CAGR of 3.7% during the forecast period. Increasing demand for lightweight and durable products, as well as a surge in demand from various end-use industries, are factors driving market revenue growth. Injection molding is used in the production of packaging for fragile and important items such as cell phones and other electronic devices. Rising innovation in this product segment has significantly shifted consumer demand. As a result, increase in demand for innovative electrical technologies is expected to drive market growth over the forecast period.

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Top Players in the Global Injection Molding Machine Market:

Sumitomo (SHI) Demag Plastics Machinery GmbH, ARBURG GmbH + Co KG, Chen Hsong Holdings Limited, Husky Injection Molding Systems, Haitian International Holdings Limited, Milacron, Nissei Plastic Industrial Co., Ltd., Engel, Japan Steel Works Ltd., Toyo Machinery Metal Co. Ltd., Ved Machinery, and Electronica Plastic Machines Limited.

Injection molding machines are advanced manufacturing machines that use a nozzle and high-quality molten material to manufacture and produce parts in large quantities. The equipment is primarily used to produce identical parts. Elastomers, metals, and a combination of other materials, as well as thermoplastic and thermosetting polymers, are the primary materials used in manufacturing. The main benefit of using an injection molding machine in the manufacturing process is that it allows industry professionals to scale up production. Furthermore, when compared to traditional manufacturing equipment such as Computer Numerical Control (CNC) machining, which works by removing excess materials from the primary product, the injection molding machine produces the least amount of waste. Injection molding allows manufacturers to mass-produce identical parts in large quantities. This improves part reliability and consistency, especially in large-scale production.

Injection molding machine plays a crucial role in the packaging industry. Moreover, since packaging plays a vital role in the sustainable transformation of a country’s economy, the products they manufacture should be reusable as well as economical. In addition, manufacturers also need to ensure that products are clearly visible and handling should not damage the seals. Injection molding machine has reduced filling time, thereby increasing the production period.

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Injection Molding Machine Market segmentation:

Material Outlook (Revenue, USD Billion; 2019–2030)

  • Plastic
  • Metal

Technology Outlook (Revenue, USD Billion; 2019–2030)

  • Hydraulic
  • Electric
  • Hybrid

Application Outlook (Revenue, USD Billion; 2019–2030)

  • Automotive
  • Consumer Goods
  • Packaging
  • Electronics
  • Others

Regional Outlook (Revenue, USD Billion; 2019-2030)

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • K.
    • France
    • Italy
    • Spain
    • Sweden
    • BENELUX
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Israel
    • Rest of MEA

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