Injection Molding Machines Market Size, Industry Growth & Report, 2032

IMARC Group’s report titled “Injection Molding Machines Market Report by Machine Type (Hydraulic, Electric, Hybrid), Material (Plastics, Metals, and Others), Application (Automotive, Consumer Goods, Packaging, Electronics, and Others), and Region 2024–2032”. The global injection molding machines market size reached US$ 11.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 17.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024–2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/injection-molding-machines-market/requestsample

Factors Affecting the Growth of the Injection Molding Machines Industry:

• Sustainable Manufacturing Practices:

Rising focus on sustainable manufacturing methods is driving the adoption of injection molding machines, thus brightening the market outlook. Moreover, rising environmental concerns have led manufacturers to seek sustainable solutions that minimize waste, energy consumption, and carbon footprint. Furthermore, injection molding machines offer energy efficiency, material recyclability, and reduced scrap rates. In addition to this, advancements in materials and processes have enabled the production of biodegradable and recycled plastics, thus meeting sustainability goals. Moreover, the increasing adoption of eco-friendly products is also supporting the market growth.

• Technological Advancements:

Innovations such as hybrid and all-electric machines help improve efficiency, conserve energy, and enhance production capabilities, thus fueling market growth. Furthermore, hybrid machines combine the benefits of hydraulic and electric systems, optimizing energy usage and reducing operational costs. Similarly, all-electric machines completely eliminate hydraulic components, resulting in greater precision, faster cycle times, and reduced maintenance requirements. As a result, these technological advancements address manufacturers’ evolving needs for increased productivity, reduced environmental impact, and improved product quality.

• Industrial Automation:

Rising demand for injection molding machines due to increasing adoption of industrial automation is fueling the market growth. Moreover, growing need for improved efficiency and precision in the manufacturing process is also driving the market growth. Injection molding machines are capable of producing large volumes of parts with high precision and are essential in automated production lines. Moreover, increasing demand for automation solutions as industries seek to streamline operations and reduce labor costs is also driving the market growth.

Leading Companies Operating in the Global Injection Molding Machines Industry:

• Arburg GmbH + Co. KG
• Chen Hsong Holdings Limited
• Engel Holding Gesellschaft mbH
• Haitian International
• Japan Steel Works Ltd.
• KraussMaffei (China National Chemical Corporation)
• Milacron Holdings Corp. (Hillenbrand Inc.)
• Nissei Plastic Industrial Co. Ltd.
• Shibaura Machine Co. Ltd.
• Sumitomo Heavy Industries Ltd.
• Toyo Machinery & Metal Co. Ltd.
• Ube Machinery Corporation Ltd. (Ube Industries Ltd.)

Injection Molding Machines Market Report Segmentation:

By Machine Type:

• Hydraulic
• Electric
• Hybrid

Hydraulic represents the largest segment as it is known for its robustness and ability to exert high clamping forces.

By Material:

• Plastics
• Metals
• Others

Plastics hold the biggest market share on account of their ability to produce a wide range of products across several sectors.

By Application:

• Automotive
• Consumer Goods
• Packaging
• Electronics
• Others

Automotive accounts for the largest market share due to the rising focus on reducing vehicle weight.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific enjoys a leading position in the injection molding machines market, which can be accredited to the thriving automotive industry.

Global Injection Molding Machines Market Trends:

Injection molding machines play a vital role in the packaging sector by producing a wide range of plastic packaging parts, from bottles and containers to caps and closures. Injection molding offers increased versatility, precision, and scalability. Its ability to mold complex shapes at high speeds with consistent quality makes it ideal for mass production of packaging materials. Moreover, injection molding allows for customization, allowing packaging manufacturers to meet various market demands for size, shape, and functionality.

Apart from this, increasing demand for customized products and shorter product lifecycles are supporting the market growth. Injection molding machines allow for quick mold changes and adaptable production processes, which are also driving the market growth.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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