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Automotive segment holds a significant market share due to increasing demand for high-performance plastic components for producing lightweight cars
Amongst end users, automotive segment is anticipated to lead the injection moulding machine market share in the forecast period due to the increasing production of lightweight and fuel-efficient vehicles, which require high-performance plastic components. Injection moulding machines are used to manufacture various automotive parts, such as bumpers, dashboards, door panels, lighting systems, and engine covers.
The demand for injection moulding machines in the packaging industry is driven by the increasing demand for plastic packaging products, such as bottles, caps, containers, trays, and films. Injection moulding machines are used to produce various types of plastic packaging products with high durability, flexibility, and recyclability. The packaging segment is expected to witness a steady growth rate due to the growing awareness of environmental issues, such as plastic waste and pollution, and the adoption of biodegradable and bio-based plastics.
According to injection moulding machine market analysis, electrical and electronics segment may witness growth due to the increasing demand for plastic products, such as connectors, switches, sockets, circuit boards, and cables. Injection moulding machines are used to produce various types of plastic products with high precision, accuracy, and functionality.
The healthcare segment is the fastest-growing segment of the global injection moulding machine market because of the increasing demand for plastic products, such as syringes, vials, tubes, implants, and devices. Injection moulding machines are used to produce various types of plastic products with high hygiene, safety, and biocompatibility. The healthcare segment is expected to witness a robust growth rate owing to the rising demand for medical supplies and equipment.
Hydraulic injection moulding machines are widely used due to their high injection pressure and ability to produce larger components
Hydraulic injection moulding machines use hydraulic fluid to power the movement of the injection unit and the clamping unit. The injection moulding machine market estimates that hydraulic injection moulding machines are the most widely used type of injection moulding machines as they offer high injection pressure, fast cycle time, and high clamping force, which are suitable for producing large and complex parts.
All-electric injection moulding machines, on the other hand, use electric motors to power the movement of the injection unit and the clamping unit. All-electric injection moulding machines are the most energy-efficient and environmentally friendly type of injection moulding machines, as they do not use any hydraulic fluid and generate no emissions. All-electric injection moulding machines also offer high precision, low noise level, and low maintenance cost, which can increase the injection moulding machine market growth.
Hybrid injection moulding machines offer the advantages of both hydraulic and all-electric injection moulding machines, such as high injection pressure, fast cycle time, high clamping force, low energy consumption, low noise level, and low maintenance cost. Hybrid injection moulding machines use hydraulic fluid to power the clamping unit and electric motors to power the injection unit. According to injection moulding machine market report, hybrid injection moulding machines are gaining popularity, especially in the automotive industry, where they are used to produce lightweight and high-strength parts.
Injection Moulding Machine Market Size
Injection Moulding Machine Market Trends
Injection Moulding Machine Market Share
Injection Moulding Machine Companies
Injection Moulding Machine Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the injection moulding machine market reached an approximate value of USD 16.45 billion.
The market is expected to grow at a CAGR of 3.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 22.75 billion by 2032.
The rising demand for injection moulding machines in the healthcare sector, rapid urbanisation, and surging investments in technical innovations to reduce production costs and scrap are some of the major market drivers.
Key trends aiding injection moulding market expansion include the robust growth of the automotive sector, increasing R&D expenditure to develop new technologies by key players, and the surging usage of injection moulding machines to manufacture shipment containers.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different types of materials manufactured through injection moulding machines are plastic, metal, rubber, and ceramic, among others.
The different machine types in the market are hydraulic, hybrid, and all-electric.
Injection moulding machines can be divided by clamping force into 0–200 ton-force, 201–500 ton-force, and above 500 ton-force.
The different end uses of injection moulding machine include automotive, consumer goods, packaging, electrical and electronics, and healthcare, among others.
Key players in the market 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.
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+63-287-899-028, +63-967-048-3306
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+44-753-713-2163
United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124