Global Injection Molding Machine Market Insights Forecasts To 2030

• The Global Injection Molding Machine Market Size was valued at USD 10.54 billion in 2021.
• The Market is growing at a CAGR of 6% from 2022 to 2030
• The Global Injection Molding Machine Market Size is expected to reach USD 17.8 billion by 2030
• North America is expected to grow the fastest during the forecast period

The Global Injection Molding Machine Market Size is expected to reach USD 17.8 billion by 2030, at a CAGR of 6% during the forecast period 2022 to 2030. The injection molding machine market has grown because of more industries, including those in the automotive, electronics, consumer goods, and packaging.

Market Overview

Injection molding machines (IMM), also known as injection presses, are mechanical machinery used to mass-produce similar objects by injecting molten materials into molds, such as glass, metal, elastomers, and thermoplastic polymers. As a result of their use of many power sources, they are flexible, long-lasting, more accurate, robust, appealing to the eye, and customizable. Due to these qualities, they are frequently employed in producing electrical switches, phone handsets, automobile bumpers, syringes, and power tool housing. In addition, due to consumers' growing purchasing power and active lifestyles, the demand for on-the-go packaged goods is predicted to increase in the United States, which is expected to benefit the country's packaging business. Over the forecast period, it is anticipated that the United States' thriving packaging sector and increasing use of injection-molded packaging items will fuel demand for these goods. The growth of various end-user verticals in emerging nations, as well as increasing demand for injection molding machines in packaging and other industrial applications, will have a direct and beneficial impact on the industry's growth rate. Numerous industries' increasing need for additional floor space has increased the number of new construction and renovation projects nationwide. The demand for injection molded components used in the construction industry will likely be driven by an increase in large-scale infrastructure investment projects, such as hotels and hospitals in Missouri, New York, and Los Angeles. This is anticipated to have a favorable effect on the country's market expansion. The prevalence of electric vehicles in the U.S. has increased due to several factors, including easy access to new and advanced technologies in the EV industry, the availability of a highly skilled workforce, advanced processing capabilities, and increased research and development initiatives.

Report Coverage

This research report categorizes the market for global injection molding machines based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global injection molding machine market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each global injection molding machine market sub-segments.

Segmentation Analysis

• In 2021, the plastic segment dominated the market with the largest market share of 41% and market revenue of 4.32 billion.

Based on the material, the injection molding machine market is categorized into Plastic, Metal, and Others. In 2021, the plastic segment dominated the market with the largest market share of 41% and market revenue of 4.32 billion. Because of their affordability and lightweight, plastic parts are rapidly becoming more popular in the automobile sector, which is likely to drive the segment's expansion over the forecast period. Plastic products offer high repeatability and precision at a reasonable cost per part. The device also mass-produces intricate geometric pieces. The production process using a plastic injection molding machine is quick and costs less labor than other traditional methods.

• In 2021, the hydraulic segment accounted for the largest share of the market, with 39% and a market revenue of 4.11 billion.

Based on the technology, the injection molding machine market is categorized into Security and Protection Hydraulic, Electric, and Hybrid. In 2021, the hydraulic segment accounted for the largest share of the market, with 39% and a market revenue of 4.11 billion. The ability to produce large quantities of parts, intricate parts for the automotive industry, lower initial costs, the creation of precise molds, the higher wear and tear resistance of hydraulic parts, and the widespread use in the automotive, marine, and aerospace industries—where heavy force is required—are all expected to contribute to the market's expected growth.

• In 2021, the automotive segment accounted for the largest share of the market, with 30% and market revenue of 3.1 billion.

Based on the end-user industry, the injection molding machine market is categorized into Automotive, Electronics, Packaging, Consumer Goods, and Others. In 2021, the automotive segment accounted for the largest share of the market, with 30% and market revenue of 3.1 billion. Because of things like repeatability, material compatibility, quick prototyping with quick tooling, high precision, and a smooth surface. Additionally, it is anticipated that increased vehicle production and the rising need for lightweight automotive components will fuel market expansion.

Regional Segment Analysis of the Injection Molding Machine Market

• North America (U.S., Canada, Mexico)

• Europe (Germany, France, the U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia-Pacific emerged as the largest market for the global injection molding machine market, with a market share of around 37.6% and 10.54 billion of the market revenue in 2021.

• Asia-Pacific emerged as the largest market for the global injection molding machine market, with a market share of around 37.6% and 10.54 billion of the market revenue in 2021. Due to the rising demand from different end-use industries, growth in R&D activities, favorable investment policies by the government to support industrial growth, rapid economic growth in emerging nations, and a strong consumer base in nations like China, Japan, and India.

• The North America market is expected to grow at the fastest CAGR between 2021 and 2030, Due to the rising demand for manufacturing facilities in the region's emerging economies, it is projected that the market for injection molding machines will experience a significant rise. In addition, over the forecast period, this is anticipated to have a favorable effect on industrial construction, increasing industry demand.

Competitive Landscape

The report offers the appropriate analysis of the key organizations/companies involved within the global injection molding machine market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Market Players:

• Arburg GmbH + Co KG
• Haitian International Holdings Limited
• Milacron
• Nissei Plastic Industrial Co., Limited
• Engel Austria GmbH
• Sumitomo (SHI) Demag Plastics Machinery GmbH
• Chen Hsong Holdings Limited
• Toyo Machinery & Metal Co., Ltd.
• Husky Injection Molding Systems Ltd.
• Japan Steel Works Limited
• KraussMaffei Group
• UBE Machinery
• Shibaura Machine Co. Ltd.
• WittmannBattenfeld
• Hillenbrand, INC

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Third-party knowledge providers
• Value-Added Resellers (VARs)

Some of the Key Developments:

• In October 2021, Gateway Plastic was purchased by Silgan Holdings for a total of USD 485 million. Dispensing closures and integrated dispensing packaging solutions are two areas of expertise for Gateway Plastics.

• In September 2020, ALPLA made the decision to purchase a PET bottle manufacturing facility from Amcor PLC in Pune, Western India, in order to expand its line of products.

Market Segment

This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global injection molding machine market based on the below-mentioned segments:

Global Injection Molding Machine Market, By Material

• Plastic
• Metal
•  Others

Global Injection Molding Machine Market, By Technology

• Hydraulic
• Electric
•  Hybrid

Global Injection Molding Machine Market, By End-User Industry

• Automotive
•  Electronics
• Packaging
• Consumer Goods
• Others

Global Injection Molding Machine Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa