What is Global Injection Molding Machine Market?
The Global Injection Molding Machine Market is a vast and dynamic sector that encompasses a wide range of machinery used in the production of plastic parts and components. These machines are utilized in various industries, including automotive, packaging, medical, and consumer goods, to name a few. Injection molding machines work by melting plastic pellets and injecting them into a mold, where they cool and solidify into the desired shape. The global market for these machines is continually evolving, driven by factors such as technological advancements, increasing demand for plastic parts, and the need for efficient and cost-effective manufacturing processes. However, the market also faces challenges such as high initial investment and maintenance costs, and the need for skilled operators. Despite these challenges, the market continues to grow, offering numerous opportunities for manufacturers, suppliers, and end-users alike.
Global Injection Molding Machine Market Outlook:
The global Injection Molding Machine market, valued at US$ 10790 million in 2022, is projected to reach a value of US$ 12550 million by 2029. This growth, representing a CAGR of 1.1% during the forecast period 2023-2029, is driven by various factors such as technological advancements, increasing demand for plastic parts, and the need for efficient and cost-effective manufacturing processes. The market is dominated by the top 5 companies, which collectively hold a share of about 50%. Geographically, Asia-Pacific is the largest market, accounting for a share of about 65%, followed by Europe and North America with shares of about 20% and 5% respectively. In terms of product, the segment with clamping force: 250-650T is the largest, holding a share of over 45%.
| Report Metric | Details |
| Report Name | Injection Molding Machine Market |
| Accounted market size in 2023 | US$ 10790 million |
| Forecasted market size in 2030 | US$ 12550 million |
| CAGR | 1.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Haitian International, ENGEL Holding GmbH, KraussMaffei, ARBURG GmbH, Fanuc, Husky, Milacron, Sumitomo Heavy Industries, Shibaura Machine, Nissei Plastic, JSW Plastics Machinery, Wittmann Battenfeld, Chen Hsong Injection Molding Machinery, Toyo, Guangdong Yizumi Precision Machinery Co.,Ltd., UBE Machinery, L.K. Technology Holdings Limited, Cosmos Machinery, TEDERIC Machinery, Windsor |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
