Injection Molding Machine Market Segments & Players Seeking Heavy Attention to Reach $15.9 Billion by 2030 | [501 pages research report]

The rise in demand for automobiles and electronic products and home appliances has significantly increased the use of plastic owing to its suitability for manufacturing a wide range of components. The increased use of plastic has driven the growth of the injection molding machines market, owing to its capability to efficiently mold plastic with minimum wastage. The global injection molding machine market size was valued at $9.4 billion in 2020, and is projected to reach $15.9 billion by 2030, registering a CAGR of 4.9% from 2021 to 2030

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Furthermore, injection molding machine market growth of packaging industry has positively influenced the market as plastic components such as bottles and containers are extensively used in packaging industry. In addition, various government initiatives and free trade agreements across the globe have fueled the growth of the processed food and beverage industry, thereby boosting the demand for injection molding machines for producing various packaging components.

By clamping force, the market is segmented into less than 200 tons force, 200-500 tons force and more than 200-500 tons force. Among these, the more than 200-500 tons force segment accounted for the highest market share in 2020 and less than 200 tons force is expected to witness significant growth during the forecast period, owing to increase in demand from the manufacturing sector.

The market is analyzed with respect to different applications such as automotive, packaging, electronics, healthcare, consumer goods, toy making, building and construction, home appliances and other industrial verticals. Developments in the global manufacturing industry and increase in investment in automotive, food & beverage, electronics, and healthcare industries drive the growth of the market. However, factors such as high initial cost and part design restrictions limit the growth of the market.

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Top Players:

The key players profiled in the market 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, and Ube Industries, Ltd.

Key Findings Of The Study:

• The report provides an extensive analysis of the current and emerging injection molding machine market trends and dynamics.
• By clamping force, the more than 200-500 tons force dominated the injection molding machine market share, in terms of revenue in 2020 and the less than 200 tons force segment is projected to grow at a significant CAGR during the forecast period.
• By application, the automotive segment registered highest revenue in 2020.
• By region, LAMEA is projected to register highest growth rate in the coming years.
• The key players within the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the injection molding machine.
• The report provides an extensive analysis of the current trends and emerging opportunities of the injection molding machine industry.
• In-depth injection molding machine market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.

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