Global Injection Moulding Machine Market to Grow at a CAGR of 3.7% During 2024-2032, Aided by the Rising Demand from Key End Use Sectors

The injection moulding process facilitates the production of diverse parts with varying structures, sizes, and applications by melting the material and shaping it into the desired object within a mould, which, in turn, contributes to the injection moulding machine market demand. Injection moulding machines play a crucial role in producing various items, including shipment containers and PET bottles, for packaging, protection, and handling purposes. This versatile process ensures consistent results and efficient cycle times for packaging components. The current trend in the packaging market, emphasising reduced wall thickness, necessitates lower clamping and injection pressures compared to traditional injection moulding methods. These machines are not limited to plastic components and can be employed for manufacturing items from various materials.\

The Asia Pacific region is at the forefront of the global injection moulding machine market, driven by the burgeoning automotive sector. Injection moulding machines find extensive use in manufacturing various automotive components, contributing to the increased demand in the region. Notably, China, India, Indonesia, and Japan are witnessing a surge in automobile demand, particularly with China emerging as a global leader in automotive development. In addition, injection moulding plays a vital role in the electronics industry, producing precision components for smartphones, tablets, laptops, connectors, and sensors. The packaging sector is experiencing substantial growth in the U.S., China, and India, fuelled by increasing purchasing power and a growing demand for on-the-go packaged products.

In November 2023, Milacron (NYSE:MCRN_old) and FANUC collaborated to deliver top-tier all-electric injection moulding solutions. The Fanuc Roboshot, a product of their long-standing partnership, boasts the most available injection unit sizes on a single frame in the industry. Combining state-of-the-art CNC precision technology with injection moulding, the machine achieves exceptional acceleration, precision, short cycle times, and produces consistently high-quality parts.

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Market Breakup by Type, Machine Type, Clamping Force, Sales, End-Use, and Region:

• The market is segmented based on type into plastic, rubber, metal, ceramic, and others.

• Based on machine type, the market is divided into hydraulic, hybrid, and all-electric.

• The market can further be categorised based on clamping force into 0–200 ton-force, 201–500 ton-force, and above 500 ton-force.

• On the basis of sales, the market can be divided into new sales and aftermarket.

• The market is categorised on the basis of end-use into automotive, consumer goods, packaging, electrical and electronics, healthcare, and others.

• Region-wise, the global market for injection moulding machine can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• There is expected to be a surge in adoption of injection-moulded components across diverse industries, encompassing automotive, electronics, consumer products, packaging, and more.

• The growing demand for on-the-go packaged products in the U.S., driven by increased consumer purchasing power and busy lifestyles, is poised to positively influence the expansion of the packaging industry in the nation, and, in turn, favour the market growth.

• The thriving packaging sector and the increasing embrace of injection-moulded packaging items are expected to fuel the demand for such products in the U.S. throughout the forecast period.

• The global penetration of electric vehicles has been propelled by factors such as ready access to cutting-edge EV technologies, a skilled workforce, advanced processing capabilities, and intensified research and development efforts. The growing demand for injection-moulded components in both traditional and electric vehicles, serving various interior and exterior applications, is anticipated to foster global market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global injection moulding machine market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the type, machine type, clamping force, sales, end-use, and major regions of injection moulding machine.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the injection moulding machine market globally are Japan Steel Works, Ltd., Chen Hsong Holdings Limited, Nissei Plastic Industrial Co., Ltd., Haitian International Holdings Limited, ENGEL AUSTRIA GmbH, and Sumitomo Heavy Industries, Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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