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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Injection Moulding Machine Market Analysis by Region
North America is one of the prominent regions due to increasing demand for plastic products across industries
North America is one of the leading regions in the injection moulding machine market due to the presence of established players, high adoption of advanced technologies, and increasing demand for plastic products in sectors such as automotive, packaging, medical, and consumer goods. The US is the dominant country in the region, followed by Canada. Some of the key players occupying majority of injection moulding machine market share in North America are Husky Injection Molding Systems Ltd., Milacron Holdings Corp., and Engel Austria GmbH.
The robust automotive industry of Asia Pacific is one of the key drivers propelling the value of injection moulding machines market in this region. Injection moulding machines are used in various automotive components, including lighting systems, bumpers, instrument panels, rear bumpers and still covers. The rising demand for automobiles in the major Asian countries is boosting the sales of injection moulding machines in the region. The region also offers low-cost labour, raw materials, and energy, which attract foreign investments and expansions. The increasing demand for plastic products in sectors such as construction, electronics, agriculture, and consumer goods are also fuelling the injection moulding machine market growth in the region.
The market in Middle East and African region is expected to witness a significant growth rate owing to the increasing investments in infrastructure, energy, and petrochemical sectors, which create a demand for plastic products. The region also benefits from the availability of natural gas and oil, which are the key raw materials for plastic production. Some of the key players operating in the Middle East and Africa injection moulding machine market are Arburg GmbH + Co KG, KraussMaffei Group GmbH, Negri Bossi S.p.A., and Wittmann Battenfeld GmbH.
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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