Injection Molding Machine Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Sweden, Italy, Spain, Russia, China, Japan, India, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa, Kuwait) Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4467
Injection Molding Machine Market size is expected to showcase significant growth owing to their increasing utilization for manufacturing variety of multi-dimensional and complex products. Shifting preference of parts & accessories manufacturers towards incorporating advanced machines offering shorter cycle times will prominently augment the product penetration over the study timeframe. Reduced lead time coupled with improved efficiencies is contributing towards increasing the overall operational revenue and profit margins. Weight reduction and optimum design approaches are the major factors resulting in production of complex and high precision parts.
Modern molding machines enable the production of parts featuring complex geometries and details under extreme pressure levels. Higher production output rate in conjunction with high quality parts are significantly contributing towards adoption of advanced molding machines. Automation solutions with perfectly aligned sequence operations ensures maximum process stability and productivity. Growing prominence of utilizing automation and robotics technologies for manufacturing highly precise and accurate molds will further support the injection molding machine market growth over the study timeframe.
Integration of machine control systems, CAD-CAM and simulation software in new generation injection molding machines are positively influencing the industry thereby creating lucrative opportunities for industry players. Moreover, growing mass production technologies in automotive, consumer goods and electronics sectors with customized production solutions to ensure delivery of high-quality and precise components within minimum cycle times will further augment the product market size. However, high initial tooling and machinery cost associated with procurement, installation and maintenance of runners and ejector systems will pose major barrier for the industry expansion over the study timeframe. Requirement of complicated machinery and instrumentation for automated technologies will further contribute towards additional capital and maintenance costs.
Based on materials, the injection molding machine market size is segmented into plastic and metal injection molding machines. Plastic will showcase a substantial growth rate owing to the benefits offered by these materials including light weight, enhanced durability, corrosion resistance and superior reusability properties. Easy availability of plastic injection molding machines for fabricating multiple type of plastics components with higher strength and flexibility will augment the industry size.
Based on machine type, the market size is segmented into hydraulic, electric and hybrid machines. Electric injection molding machines will account for a significant share over the forecast timeframe owing to the rapid injection speeds, faster clamping motion and lower unit cost with less material wastage. Reduced power requirements in conjunction with higher repeatability and lower downtime will significantly propel the industry share over the forecast timeframe.
The injection molding machine market based on end use is segmented into automotive, consumer goods, electrical & electronics and packaging applications. The automotive segment is expected to showcase potential growth prospects owing to the increasing requirement for lightweight and high-quality vehicle components. Increasing utilization of injection molding technologies for manufacturing under-hood components, exterior and interior trim components, instrument panels, door handles and sunroof components will propel the segment growth over the projected timeframe.
Europe injection molding machine market share is expected to witness substantial growth on account of ongoing technological advancements for improving the overall operational productivity of machines. Strong presence of manufacturer offering new generation solutions for faster and efficient production will support the regional growth. For instance, in October 2017, Fanuc introduced new Roboshot range of precision molding machine with enhanced energy recovery control and consistent repeatability.
Prominent players operating in the injection molding machine market share include Arburg, Milacron, Haitian International, Engel Austria, Sumitomo (SHI) Demag Plastics Machinery, Chen Hsong Holdings, Husky Injection Molding Systems, Mitsubishi Heavy Industries Plastic Technology, Toyo Machinery & Metal, and Nissei Plastic Industrial. Industry participants are continuously involved in expanding their range of product portfolio for strengthening their foothold in the industry. For instance, in October 2018, Dr. Boy GmbH & Co. KG introduced new BOY 125 E injection molding featuring improved design and higher clamping forces.
Injection Molding Market, By Material, 2013-2025 (Units) (USD Million)
Injection Molding Market, By Machine Type, 2013-2025 (Units) (USD Million)
Injection Molding Machine Market, By End Use, 2013-2025 (Units) (USD Million)
- Consumer goods
- Electrical and Electronics
The above information has been provided on a regional and country basis
- North America
- Asia Pacific
- South Korea
- Latin America
- Saudi Arabia
- South Africa
- Arburg GmbH
- Haitian International
- Engel Austria GmbH
- Sumitomo (SHI) Demag Plastics Machinery GmbH
- Chen Hsong Holdings Limited
- Husky Injection Molding Systems
- Toyo Machinery & Metal Co., ltd.
- Nissei Plastic Industrial Co., ltd.
- Dongshin Hydraulic Co., Ltd.
- Kraussmaffei Group GmbH
- Negri Bossi S.P.A.
- Mitsubishi Heavy Industries Plastic Technology Co., Ltd
- Dr. Boy GmbH & Co. KG
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