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Global Plastic Injection Molding Machine Market is set for lucrative growth during 2021-2031 | Size, Share, Demand and Opportunities Analysis
Global Plastic Injection Molding Machine Market report from Global Insight Services is the single authoritative source of intelligence on Plastic Injection Molding Machine Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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A plastic injection molding machine produces a variety of complex plastic products in mass volume. They are available in various sizes and specifications, thus making them appropriate for use in several manufacturing industries. They are used to produce plastic injection-molded products for industries such as food, beverages, electronics & electrical, home care products, healthcare products, and others.
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Global Plastic Injection Molding Machine Market Trends and Drivers
The global plastic injection molding machine market is anticipated to observe substantial growth going forward on account of increasing application in food & beverage, healthcare, and other industries. In addition, the rise in population along with the growing disposable income of middle-class customers are projected to drive the demand for healthcare and personal care products. This, in turn, is anticipated to lead to a consequent increase in demand for plastic injection-molded plastic products and thus, the plastic injection molding machines market. In addition, emerging economies are exploring the varied benefits of electric plastic injection molding machines, which are projected to supplement the plastic injection molding machine market demand.
There has been a growth in the plastic injection molding machine market growth, due to its advantages such as the lessened need for labor, high production rate, as well as reduced wastage. Moreover, the capability of the plastic injection molding machine to work with a variety of plastics further intensifies its usability. Moreover, governments globally are focusing on the development of the manufacturing sector in order to increase the global economy. For example, the 'Made in China 2025' initiative by the Chinese government and the 'Make in India' initiative by the Indian government have positively propelled the manufacturing sector. The upsurge in manufacturing activities has stimulated the demand for a variety of plastic components as well as packaging solutions, thus providing remunerative opportunities for the plastic injection molding machine market. Moreover, technological progressions are expected to offer lucrative opportunities for plastic injection molding machine industry market players.
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Global Plastic Injection Molding Machine Market Segmentation
The report analyses the plastic injection molding machine market based on machine type, clamping force, application, solution, and region.
Global Plastic Injection Molding Machine Market By Machine type
Based on machine type, the global plastic injection molding machine market has been bifurcated into all-electric, hydraulic, and hybrid. The hydraulic segment is anticipated to account for the largest plastic injection molding machine market share in 2021, and all-electric is expected to be the fastest-growing segment during the forecast period.
The all-electric plastic injection molding machine uses electric motor powering racks, gears, and ball screws to perform most of the functions of the machine. All-electric plastic injection molding machines can conserve nearly 50-70% energy in comparison to hydraulic machines. In addition, currently, all-electric machines are the most preferred type of machine owing to decreased housekeeping, lower use of chilled water, preventive maintenance, lower repair rate, along with lesser energy and oil consumption. Therefore, the all-electric plastic injection molding machine segment is the fastest-growing segment throughout the study period.
Global Plastic Injection Molding Machine Market By Clamping force
By clamping force, it is divided into less than 200 tons, 200-500 tons, and more than 500 tons. The more than 500 tons segment is expected to hold a significant share of the market due to the rise in the use of plastic injection molding machines in packaging as well as the automotive industry globally. In addition, there has been an increase in demand for efficient and reliable plastic injection molding machines in several regions globally. Further, factors such as sustainability concerns, product modernization, and attractive economics are leading to the growth of more than 500 tons of plastic injection molding machines industry.
Major Players of the Global Plastic Injection Molding Machine Market
The global plastic injection molding machine market report includes players such as ARBURG, ENGEL, Haitian International, Husky Plastic injection Molding Systems, KraussMaffei Group, Milacron Holdings Corp., Nissei Plastic Industrial Co., Ltd., Sumitomo Heavy Industries, The Japan Steel Works, and UBE Industries, Ltd.
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