Injection Molding Market Sees Explosive Growth Globally

According to the latest research report published by Market Data Forecast, the global injection molding market was worth USD 21.34 Billion in 2023. The global market is anticipated to grow at a CAGR of 5.94% from 2024 to 2029 and be worth USD 30.17 billion by 2029 from USD 22.61 billion in 2024.

Injection molding equipment includes mechanical machines that utilize injection molding procedures to obtain injection-molded plastic goods. Injection molding equipment of various clamping force proportions that have less than 200 tons force, 200 tons force to 500 tons force, and more than 500 tons force are present in the industry.

Global Injection Molding Market Report Scope:

• Market Size (2029): USD 30.17 Billion
• Market Size (2023): USD 21.34 Billion
• CAGR (2024 to 2029): 5.94%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: Type, Machine, Clamping Force, and Geography
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled: Sumitomo Heavy Industries (Japan), Arburg (Germany), Nessei Plastic (Japan), Chen Hsong (China), Milacron (United States of America), The Japan Steel Works (Japan), Husky (Canada), Engel (Austria) and Haitian International (China)

Market Drivers:

The packaging industry is one of the major contributors to the growth of the injection molding market. This is because of the extensive application of high-yielding casting machines and systems for manufacturing. Also, the industry has started accepting and using sustainable products for injection molding is driving the market forward. It helps them in improved utilization of resources with 25 per cent less energy consumption than conventional systems and equipment. Moreover, several nations are encouraging the use of solar power and are building energy parks for the same. So, sustainable solutions and other components like upgrading lighting and new equipment are increasing the market share.

Furthermore, the rising consumption of plastic materials and products in industries is propelling the injection molding market. This includes food and beverages, toys, automotive, home appliances, medical devices, electrical and electronics industries. According to a study, economic development is the primary growth factor for plastic use. It is estimated that during 2019 and 2060 plastic consumption will triple from 460 million tonnes (Mt) to 1 231 Mt yearly.

Market Restraints:

The injection molding market is facing problems due to strict regulations and policies. The food and beverages and medical devices segment in the US and Europe are subject to tight rules of the US EPA regulations and the EU's Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) for the manufacturing plastic products through injection molding machines. Similarly, in the medical device sector these casting machinery must follow the product's rules and quality standards. For instance, the manufacturing of healthcare device in the US comes under the Code of Federal Regulation (CFR) 21 Part 820. This states the policy, guidance and direction for the utilization of different materials like injection molding machines.

Furthermore, there are multiple geopolitical wars and issues are currently going on. Regions like Horn of Africa, Red Sea, Western Asia and Eastern Europe have all obstructed the shipping routes. This has surged the prices of freight and fleet insurance. Ultimately, affecting the cost of injection molding machines.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/injection-molding-market

Key Insights from The Report:

• Based on type, the plastics segment led the market and accounted for the largest share of the global market in 2023.
• Based on machine, the hydraulic segment captured the highest share of the global market in 2023.
• Based on clamping force, the above 500 ton force segment dominated the market in 2023.
• Asia-Pacific dominated the injection molding market in 2023. Europe accounted for the second-highest share of the global market in 2023 and on the other hand, the North America region is estimated to grow at the fastest CAGR during the forecast period.

SEGMENTATION INCLUDED IN THIS REPORT:

By Type:
• Plastics
• Rubber
• Metal
• Ceramic
• Others

By Machine:
• Hydraulic
• All-electric
• Hybrid

By Clamping Force:
• 0-200 Ton Force
• 201-500 Ton Force
• Above 500 Ton Force

By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

TABLE OF CONTENTS:

1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions

2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline

3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market

5. Market Segmentation
5.1 Injection Molding Market, By Product Type
5.1.1 Introduction
5.1.2 Plastic
5.1.3 Rubber
5.1.4 Metal
5.1.5Y-o-Y Growth Analysis, By Product Type
5.1.6Market Attractiveness Analysis, By Product Type
5.1.7Market Share Analysis, By Product Type
5.2 Injection Molding Market, By Machine Type
5.2.1 Introduction
5.2.2 Hydraulic
5.2.3 All-Electric
5.2.4 Hybrid
5.2.5 Y-o-Y Growth Analysis, By Machine Type
5.2.6 Market Attractiveness Analysis, By Machine Type
5.2.7 Market Share Analysis, By Machine Type
5.3 Injection Molding Market, By End-Use Industry
5.3.1 Introduction
5.3.2 Automotive
5.3.3 Packaging
5.3.4 Consumer Goods
5.3.5 Y-o-Y Growth Analysis, By
5.3.6 Market Attractiveness Analysis, By
5.3.7 Market Share Analysis, By

6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product Type
6.1.3.3 By Machine Type
6.1.3.4 By End-Use Industry
6.1.4Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product Type
6.1.4.3 By Machine Type
6.1.4.4 By End-Use Industry
6.1.5Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product Type
6.1.5.3 By Machine Type
6.1.5.4 By End-Use Industry
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa

7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter's Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry

8. Market Leaders' Analysis
8.1 Sumitomo Heavy Industries
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Arburg
8.3 Nessei Plastic
8.4 Chen Hsong
8.5 Milacron
8.6 The Japan Steel Works
8.7 Husky
8.8 Engel
8.9 Haitian International

9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches

10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures

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