Injection Molding Machine Market Analysis | 2022-2028

Market Insights

The injection molding machine market was estimated at USD 10.6 billion in 2021 and is likely to grow at a CAGR of 3.54% during 2022-2028 to reach USD 13.58 billion in 2028.

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Market Dynamics

Introduction

An injection molding machine manufactures plastic, metal, rubber, and ceramic products. It consists of two major parts: an injection and clamping units.  The injection molding machine melts the material to be injected into the shaping mold, where the molten material cools off and solidifies, taking the shape of the desired component.

Market Drivers

The key factors contributing to the demand for injection molding machines are:

• There is an increasing demand for plastics in the packaging, building & construction, and automotive industries.
• The demand for goods such as processed food and beverages, medications, cars, and electronic devices has grown significantly because of the growing world population. This has fueled the use of plastic, owing to its versatility and capability to be tailored according to specific requirements.

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Key Players

The following are the key players in the injection molding machine market:

• Arburg GmbH + Co KG
• Chen Hsong Holdings Limited
• Engel Austria GmbH
• Haitian International
• Husky Injection Molding Systems Ltd.
• Milacron
• Nissei Plastic Industrial Co., Ltd.
• Sumitomo Heavy Industries
• The Japan Steel Works, Ltd.
• Ved Machinery.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Product Type

"Plastic segment held the largest market share of >70% in 2021"

The market is segmented as plastic, rubber, metal, ceramic, and others. The plastic segment held the largest market share of >70% in 2021 and is expected to remain dominant during the forecast period, driven by its properties such as chemical resistivity and flexibility. The surge in demand from automotive, consumer goods, and packaging end-use industries drives the claim for plastic injection molding machines. Metal segment is estimated to register a CAGR of nearly >4. % during the forecast period

By Machine Type

"Hydraulic segment captured the largest market share of > 45% in 2021"

The market is segmented as hydraulic, all-electric, and hybrid. The hydraulic segment captured the largest market share of > 45% in 2021 and is estimated to maintain its legacy during the forecast period on account of its long service period, enhanced performance, and reduced maintenance costs.

By End-Use Industry Type

"Automotive and consumer goods are the major segments with a market share of >35% in 2021"

The market is segmented as automotive, consumer goods, packaging, healthcare, electrical & electronics, and others. Automotive and consumer goods are the major segments with a market share of >35% in 2021. An increase in the use of injection molding machines in manufacturing automotive components and consumer goods products drives the market.

By Clamping Force Type

"Above 500-ton force segment held the largest market share in 2021" 

The market is segmented into 0-200-ton force, 201-500-ton force, and above 500-ton force. The above 500-ton force segment held the largest market share in 2021 and is expected to remain dominant during the forecast period owing to the use of more than 500-ton force injection molding machines to manufacture large injection molded parts.

Regional Analysis

"Asia-Pacific is estimated to be the fastest-growing market with a share of >30% in 2021"

Asia-Pacific is estimated to be the fastest-growing market with a share of >30% in 2021, owing to the urban and rural population, rapid pace of urbanization, and foreign investments driving the demand for automotive, consumer goods, and electronics industries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s injection molding machine market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The injection molding machine market is segmented into the following categories:

• Plastic
• Rubber
• Metal
• Ceramic
• Others

• Hydraulic
• All Electric
• Hybrid

• Automotive
• Consumer Goods
• Packaging
• Healthcare
• Electrical & Electronics
• Others

• 0-200 Ton-Force
• 201–500 Ton-Force
• Above 500 Ton-Force

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.