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According to Market Research Future (MRFR), the global injection molding machinery market will reach USD 13.42 BN by 2030, growing at a 3.89% CAGR during the review period (2022-2030).
Global Injection Molding Machinery Market Overview
The injection molding machinery market demonstrates modest growth in future years. The increasing adoption of injection molding machinery in the food & beverage packaging and consumer electronics industries would support the market growth. The rising demand for lightweight vehicles led by stringent emission regulations concerning environmental health boost the market size. Also, the growing usage of injection molding machinery in lightweight vehicle manufacturing plants is another major growth driver for the market. Moreover, the growing demand for faster cycles and substantial energy savings boosts revenues in the injection molding machinery market.
The rising sales of ready-to-eat processed food with longer shelf life led by the heady lifestyle augments the demand for sustainable packaging solutions in the F&B industry. Growing sales of compact & portable electronic instruments and electrical appliances fuels define the growing landscape of the consumer electronics market. These factors would support the market growth throughout the review period.
Growing investments in designing new machines and developing new manufacturing techniques would substantiate the market growth. Additionally, the excessive use of injection molding machinery in medical device manufacturing and health & hygiene product packaging increases the market size. Conversely, price volatility and the demand-supply gap in raw materials required to produce injection molding machines impede market growth.
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Injection Molding Machinery Market – Segmentations
The market is segmented into type, clamping force, material, end-use, and region. The type segment comprises electric, hybrid, and hydraulic machines. The clamping force segment comprises less than 200 tons force, 200-500 tons force, and above 500 tons force. The material segment comprises rubber, plastic, ceramics, and metal. The end-use segment comprises automotive, electrical & electronics, packaging, healthcare, consumer goods, and others. The region segment comprises the Asia-Pacific, Americas, MEA, Europe, and rest-of-the-world.
Global Injection Molding Machinery Market – Regional Analysis
APAC is the largest market for injection molding machinery globally. The growing use of injection molding machinery across major end-use industries and the rising consumption of plastic compounds in packaging manufacturing drive market growth. Besides, the large presence of notable injection molding machine manufacturers positively impacts market growth.
Also, the spurring growth in the packaging, automotive, construction, and electronics industries creates vast market demand in the region. The increasing use of mouldable materials, such as rubber, metal, and ceramics, for electrical & electronics, and consumer goods manufacturing boosts the market size. Moreover, the rising per capita income offers significant growth opportunities, driving the portable consumer electronics industry in this region.
Injection Molding Machinery Market – Competitive Analysis
Fiercely competitive, the injection molding machinery market appears fragmented, with various notable players forming a competitive landscape. These players increasingly focus on product development and incorporate strategic approaches, such as collaboration, mergers & acquisitions, expansions, and product launches, to gain a larger competitive share. They make substantial investments to drive R&D to develop required technologies and expand.
Leading injection molding machine manufacturers strive to provide smart manufacturing equipment suitable for Industry 4.0 capabilities and connectivity. They ensure that their machines allow users to create industrial applications, leveraging advanced AI and analytics. They look for industrial-edge software platforms to deliver real-time data acquisition, storage, visualization, and analytics capabilities for their injection molding machines.
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Major Players
Active market players are SUMITOMO Heavy Industries (Japan), JAPAN Steel Works (Japan), Chen Hsong Holdings (Hong Kong), HAITIAN International (China), Hillenbrand Inc (US), and Dongshin Hydraulic (South Korea), among others.
Industry/ Innovation/ Related News
Nov. 11, 2022 — Texas Injection Molding announced the completion of the delivery and installation of three injection molding machines at its Houston facility in Texas. The company is planning to expand the manufacturing of large-tonnage injection molding. This additional capacity, with 720-ton, 770-ton, and 1,000-ton machines, will enable the company to meet the growing demand for large molding facilities in the region to reduce transportation costs.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 16
2 MARKET INTRODUCTION 18
2.1 DEFINITION 18
2.2 SCOPE OF THE STUDY 18
2.3 MARKET STRUCTURE 19
3 RESEARCH METHODOLOGY 20
3.1 RESEARCH PROCESS 20
3.2 PRIMARY RESEARCH 21
3.3 SECONDARY RESEARCH 22
3.4 MARKET SIZE ESTIMATION 23
3.5 FORECAST MODEL 24
3.6 LIST OF ASSUMPTIONS 24
4 MARKET DYNAMICS 25
4.1 INTRODUCTION 25
4.2 DRIVERS 26
4.2.1 RISING AWARENESS ABOUT ENERGY SAVING 26
4.2.2 INCREASED ADOPTION IN THE PACKAGING INDUSTRY 26
4.2.3 DRIVERS IMPACT ANALYSIS 27
4.3 RESTRAINTS 28
4.3.1 HIGH INITIAL AND MAINTENANCE COSTS 28
4.3.2 RESTRAINTS IMPACT ANALYSIS 28
4.4 OPPORTUNITIES 29
4.4.1 DEMAND FOR LARGE-TONNAGE INJECTION MOLDING MACHINES 29
4.5 IMPACT ANALYSIS OF COVID-19 29
4.5.1 IMPACT ON OVERALL MACHINE INDUSTRY 29
4.5.1.1 ECONOMIC IMPACT 29
4.5.2 IMPACT ON THE INJECTION MOLDING MACHINES MARKET 29
4.5.3 IMPACT ON SUPPLY CHAIN OF INJECTION MOLDING MACHINES 29
4.5.3.1 PRODUCTION SHUTDOWN 29
4.5.3.2 CASH FLOW CONSTRAINTS 30
…Continued.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
