The “Plastic Injection Molding Machine Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Plastic Injection Molding Machine Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global plastic injection molding machine market size was US$ 9.5 billion in 2021. The global plastic injection molding machine market is forecast to grow to US$ 14.5 billion by 2030, registering a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2022 to 2030.
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Plastic injection molding machines are used to make machine parts and plastic products, including medical equipment, toys, etc. During the process, the molten material is injected into the mold and then cooled down to develop the shape of the cavity.
Factors Influencing the Market Growth
The market is witnessing increasing demand for injection molding machines in packaging, healthcare, automotive, consumer products, electrical & electronics, and other industries. Thus, it will benefit the global plastic injection molding machine market during the study period.
Growing industrialization in emerging countries, such as India, China, and Thailand, is forecast to contribute to the market growth.
Increasing demand for lighter and low-cost vehicles is forecast to propel the growth of the global plastic injection molding machines market during the study period.
Due to their cost-effective and energy-efficient properties, the global plastic injection molding machine market is forecast to gain huge traction during the study period. In addition, the plastic injection molding machine market will benefit from technological advancements such as the integration of IoT into machines.
The growing awareness regarding the necessity of conserving energy is forecast to benefit the plastic injection molding machine market. It will increase the demand for all-electric plastic injection molding machines as they save energy and are reusable.
Environmental concerns associated with the equipment may hamper the growth of the global plastic injection molding machine market.
Market Segmentation
The Asia-Pacific plastic injection molding machine market is forecast to hold the highest share, owing to the growth of end-use industries, including automotive, machinery manufacturing, and electronics. Moreover, China is forecast to be the major contributor to the market growth due to the presence of various prominent players.
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COVID-19 Impact Analysis
The end-use industry of the plastic injection molding machines, including automotive, and electronics witnessed significant drawbacks during the COVID-19 pandemic. As a result, it halted the growth of the global plastic injection molding machine market. In addition, the manufacturing machinery industry had to stop the activities for a short period of time. Thus, it significantly impacted the growth of the plastic injection molding machine market.
Competitors in the Market
- Arburg GmbH & Co. KG
- Boco Pardubice Machines S.R.O.
- Borche North America Inc.
- Chen Hsong Holdings Limited
- Dongshin Hydraulic Co. Ltd.
- Dr. Boy GmbH & Co. KG
- Engel Austria GmbH
- Fu Chun Shin Machinery Manufacture Co. Ltd.
- Haitian International Holdings Limited and Hillenbrand, Inc
- Other Prominent Players
Market Segmentation
The global plastic injection molding machine market segmentation focuses on Type, End-User, and Region.
By Type
- Electric
- Hybrid
- Hydraulic
By End-User
- Automotive
- Medical
- Consumer goods
- Electronics
- Others
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By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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