Injection Molding Machines Market Analysis, 2020–2027 | Automotive, Packaging | Key Drivers, Restraints & Opportunity

A rise in adoption of injection molding machines in various industries such as automotive, packaging, and others, drives the growth of injection molding machines market. In addition, key players such as Milacron Holding Corp, Dr. Med BOY GmbH& Co KG, and others, offered injection molding machines with less than 200 tons force clamping force.

According to a new report published by Allied Market Research, titled, “Injection Molding Machines Market by Clamping Force, Machine Type, Solution, Pressure Type, and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the global injection molding machines market size was valued at $10.89 billion in 2019, and is projected to reach $14.41 billion in 2027, growing at a CAGR of 5.7%.

Request for a Premium Sample Report @ https://www.alliedmarketresearch.com/request-sample/5171

Injection Molding Machines Market by Clamping Force (Less Than 200 Tons Force, 200 Tons to 500 Tons Force, and More Than 500 Tons Force), Machine Type (All-electric, Hydraulic, and Hybrid), Solution (New Sales and Aftermarket), Pressure Type (Low Pressure and High Pressure), and Application (Automotive, Packaging, Electronics, Healthcare, Consumer Goods, Toy Making, Building and Construction, Home Appliances, and Others)

The various features of injection molding machines such as robustness, easy to operate, higher manufacturing rates and rapid production, and high-quality fuel the global injection molding machines market growth. In addition, there has been a rise in the automotive industry in emerging economies such as India, Brazil, and Africa, which further drive the demand for high-performance plastic components, thereby fueling the growth of the injection molding machinery market.

For instance, Brazilian automotive industry is expected to grow with 4.5% from 2017 to 2022. Further, these machines can yield efficient packaging with high accuracy for brittle and complex components such as consumer goods and electronics and mobile phones. Hence, the escalating adoption of these products is expected to add to the development of the industry. However, high threat of low volume, cost-effective substitutes such as urethane casting, 3D printing, thermoforming, and others is expected to hamper the growth of the industry.

Get Detailed Covid-19 Impact Analysis @ https://www.alliedmarketresearch.com/request-for-customization/5171

Key Players

The key players profiled in this report include ARBURG, ENGEL, Haitian International, Husky Injection Molding Systems, KraussMaffei Group, Milacron Holdings Corp., Nissei Plastic Industrial Co., Ltd., Sumitomo Heavy Industries, The Japan Steel Works, Ube Industries, Ltd., Shibaura Machine Co Ltd., Nigon Machines Ltd., and BMB s.p.A.

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

This release was published on openPR.