Global Injection Molding Machines Market Report 2022-27: Industry Size, Share, Trends, Growth and Forecast

The latest research study "Injection Molding Machines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the Global Injection Molding Machines Market size reached US$ 10.54 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 14.56 Billion by 2027 exhibiting a CAGR of 5.35% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Industry Definition and Application:

Injection molding machines (IMM), also known as injection presses, are machines used to mass produce identical parts or items. They work by injecting molten materials, such as glass, metal, elastomers, and thermoplastic polymers, into custom-made molds. They offer flexibility, improved precision, higher strength, durability, and customization. They are widely used to manufacture electrical switches, automobile bumpers, disposable razors, power tool housing, and syringes. As a result, injection molding machines find extensive applications across various industries, including automotive, consumer goods, medical, packaging, and electronics.

Injection Molding Machines Market Trends and Drivers:

The global injection molding machines market is primarily driven by the rising adoption in various end use sectors for manufacturing precise polymer components with complex shapes. In addition, there has been widespread product adoption for producing large volumes of medical supplies, such as air systems and syringes, amid the recent coronavirus disease (Covid-19) outbreak.
Besides this, the growing popularity of all-electric injection modeling machines due to their minimal energy consumption, enhanced precision, high speed, reusability, and low maintenance is positively influencing the market growth.

Furthermore, recent technological advancements, such as the integration of information and communication technology (ICT) solutions and the Internet of Things (IoT) to enhance the overall product quality and manufacturing processes, have propelled market growth.
Other factors, including the launch of innovative automated machines, rapid industrialization, and ongoing research and development (R&D) activities, are also anticipated to create a favorable market outlook.

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Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Machine Type:
• Hydraulic
• Electric
• Hybrid

Breakup by Material:
• Plastics
• Metals
• Others

Breakup by Application:
• Automotive
• Consumer Goods
• Packaging
• Electronics
• Others

Breakup by Region:
• 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

List of Major Key Players:

The major players in the market are 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. and Ube Machinery Corporation Ltd. (Ube Industries Ltd.).

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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This release was published on openPR.