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Electric Injection Moulding Machines Market is Estimated to Grow at a CAGR of 3.4% within the forecast period of 2023-2030: Cognitive Market Research
Electric Injection Moulding Machines Market is Estimated to Grow at a CAGR of 3.4% within the forecast period of 2023-2030
- An Injection Moulding Machine is often known as an injection press, is a machine used for the injection moulding of plastic items. It is made up of two major components: an injection unit and a clamping unit. Electric machines are provided with digitally controlled servomotors that accurately regulate every operation from injecting, extruding, clamping, and ejecting.
Summary:
- The Electric Injection Moulding Machines Market is expected to grow at USD 7.6 billion in 2021 at a rate of 3.4% during the forecast period 2021 To 2030. The electric injection moulding machines are being widely used in numerous industry verticals. Thus, there is high demand for the electric injection moulding machines has been observed. More specifically the demand in high in North America.
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Market Dynamics
- Growing food and beverage industry majorly propels the growth of the electric injection moulding machines market. Plastic packaging become an important aspect of the food and beverage industry. According to the Earth Day organizers, 1 million plastic bottles are purchased in the US every minute. Injection moulding machines are widely used in the manufacturing of the plastic bottles caps. Thus, there is growing demand for electric injection moulding machines has been observed.
- However, the government ban on plastic can hamper the growth of the market. Nevertheless, growing usage of electric injection moulding machines across several industry verticals will provide numerous opportunities for the growth of the market as injection moulding is the preferred production method for most mass-produced plastic products. It is used in the automobile, electronics, medical devices, consumer plastics, furniture parts, and others.
Market Segmentation:
Based on the Type the 90T-230T segment dominated the market. 90T-230T is a series of electric injection moulding machines ranging in size from 90Ton (tonne) to 230Ton. These are the most popular varieties of electric injection moulding machines, and they can be utilised for a variety of production requirements in both big and small-scale enterprises.
- Type
• 90T
• 90T 230T
• 230T
Based on the Application, the automobile & transportation industry segment dominated the market. The machine is widely used in the dashboards, bumpers, grilles, door panels, luggage trims, hoods, and other interior components at a very high speed.
- Application
• Home Appliances
• Consumer Electronics
• Automobile & Transportation Industry
• Defense & Aviation
• Food & Pharmaceutical
- The Major Players in Electric Injection Moulding Machines Market are: Sumitomo (SHI) Demag, Engel, Arburg, Wittmann Battenfeld.
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Regional Analysis:
- Geographically, the global electric injection moulding machines market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. The North America dominates the electric injection moulding machines market owing to the rising industrial applications such as home appliances, consumer electronics, automobile & transportation industry, defense & aviation, food & pharmaceutical.
News:
- In April 2019, The Hehl and Keinath families, the owners of injection moulding machine manufacturer Arburg, have purchased longtime electric drive partner AMK Arnold Müller GmbH & Co. KG. AMK has collaborated with the injection moulding equipment manufacturer for over two decades and has played an important role in the success of its electric Allrounder machines. With the acquisition, Arburg will be able to improve the electric injection moulding machines' drive systems moving ahead even more swiftly and effectively.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Electric Injection Moulding Machines Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
• 3.1 Global Electric Injection Moulding Machines Market Size 2018 - 2030, (USD Million)
• 3.2 Global Electric Injection Moulding Machines Market: Snapshot
Chapter 4 Global Electric Injection Moulding Machines Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Electric Injection Moulding Machines Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Electric Injection Moulding Machines Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Electric Injection Moulding Machines Market Regional Analysis
Chapter 11 North America Electric Injection Moulding Machines Market Outlook (2018 - 2030)
Chapter 12 Europe Electric Injection Moulding Machines Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Electric Injection Moulding Machines Market Outlook (2018 - 2030)
Chapter 14 Latin America Electric Injection Moulding Machines Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Electric Injection Moulding Machines Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more Electric Injection Moulding Machines Market TOC click here: https://www.cognitivemarketresearch.com/electric-injection-moulding-machines-market-report#table_of_contents
Related Report:
• Injection Moulding Machine Market- https://www.cognitivemarketresearch.com/injection-moulding-machine-market-report
• Micro Injection Moulding Machines Market- https://www.cognitivemarketresearch.com/micro-injection-moulding-machines-market-report
• Full Electric Injection Molding Machinery Market- https://www.cognitivemarketresearch.com/full-electric-injection-molding-machinery-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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