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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Injection Moulding Machine Market Size
The global injection moulding machine market size was valued at USD 16.45 billion in 2023. The market is further projected to grow at a CAGR of 3.7% between 2024 and 2032, reaching a value of USD 22.75 billion by 2032.
Key Takeaways
- The plastic segment led the market, accounting for over 76.6% share of global revenue in 2022.
- USA had 434 contract injection moulding manufacturing businesses as of 2023.
- Globally, over 5 million metric tons of plastic parts are produced using injection moulding each year.
An injection moulding machine is a device that produces plastic parts by injecting molten material into a mould. The injection unit and the clamping unit are the two primary components of the machine. The injection unit melts the plastic granules and injects them into the mould cavity under high pressure. The clamping unit holds the mould closed and applies force to keep the parts in shape. The moulded parts are then ejected and cooled.
Some of the factors driving the injection moulding machine market growth are the increasing demand for plastic products in various industries such as automotive, packaging, medical, and consumer goods and the technological advancements in injection moulding machines that improve their efficiency, productivity, and quality. Moreover, the rising awareness about the environmental benefits of using plastic as a substitute for other materials and the supportive government policies and initiatives that promote the adoption of injection moulding machines is leading to injection moulding machine market development.
Injection Moulding Machine Market Report Snapshots
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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Key Questions Answered in the Report
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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