Injection Molding Machine Market | Key players operating in the market include Sumitomo Heavy Industries Limited, The Japan Steel Works Ltd., Chen Hsong Holdings Limited, Hillenbrand Inc., Engel Austria GmbH

The global Injection Molding Machine Market is projected to reach USD 12.3 billion by 2025, at a CAGR of 3.6% from USD 10.3 billion in 2020. An injection molding machine is used for manufacturing products made up of plastics, rubber, metal, and ceramic. It consists of two main parts - an injection unit and a clamping unit. The injection unit is like an extruder, whereas the clamping unit is concerned with the operation of the mold. Injection molding machines can fasten the molds either at the horizontal or the vertical position. Factors such as growing demand from the healthcare industry, rapid industrialization in growing economies like China, India & Thailand, and increasing demand for plastic molds in electric vehicles will drive the injection molding machine market.

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/injection-molding-machine-market-14623149.html

Browse 275 market data Tables and 56 Figures spread through 290 Pages and in-depth TOC on "Injection Molding Machine Market".

Based on machine type, the injection molding machine market is segmented as Hydraulic, All-Electric, and Hybrid. Hydraulic accounted for the largest share in this segment. Hydraulic injection molding machine is the most popular machine type, primarily because of its long service life and a wide range of applications. The hydraulic injection molding machine consists of a fixed-speed, three-phase motor, and a variable-volume pump. Hydraulic injection molding machines have a long life, far drive distance, and low maintenance cost. This type of machine helps in a significant reduction of production cycle time. Molders mainly use high-tonnage hydraulic machines for molding large parts. This machine is mainly used for producing high precision components such as automotive parts, caps & closers, consumer goods, electrical & electronics goods, and medical items.

Based on clamping force, the injection molding machine market is segmented as 0-200 tons force, 201-500 tons force, and Above 500 tons force. The 201-500 ton-force segment accounted for the largest market share in terms of value, in 2019 and is projected to register the highest CAGR during the forecast period. This high growth is attributed to the rising demand for medium-sized molded parts from major end-use industries such as automotive, packaging, and consumer goods. The clamping force of 201-500 ton-force is mainly used in medium-sized injection molding machines. Machine types such as hydraulic, all-electric, and hybrid are available in 201-500 ton-force. These machines are mainly used for applications in the automotive, packaging, and consumer goods industries, where relatively medium-sized molded parts are required

On the basis of product type, injection molding machine market is segmented into plastic (thermoplastics and thermosets), rubber, metal (powder and liquid), ceramic, and others (microinjection, gas injection molding, and liquid silicone rubber). Injection molding machines for plastic products is the most dominant and accounted for the largest share of the injection molding machine market in 2019. Injection molding is the manufacturing process for making plastic parts and products from thermoplastics and thermosetting materials. Commonly used plastic in the injection molding process are nylon, polypropylene, polystyrene, polyethylene, and unsaturated polyesters. Plastic products are manufactured using high-quality raw materials that ensure their superior quality. The injection molding process for plastic products involves heating the polymer until it is liquid and then using pressure to force it into the mold. The process is very fast and complicated. In spite of expensive tooling cost, injection molding is the most popular manufacturing process for the mass production of plastic materials. Injection molding machines are used to produce various plastic products such as power-tool housing, telephone handsets, electrical switches, car bumpers, dashboards, syringes, disposable razors, and bottle lids/closures.

Based on end-use industry, the injection molding machine market has been segmented into automotive, consumer goods, packaging, healthcare, electrical & electronics, and others. The demand for injection molding machines in automotive end-use is the largest in this segment.  Injection molding machines are predominantly used in manufacturing automotive components, interior wrapping, and assembly parts, such as automotive exteriors, car lenses, interior components, under-the-hood components, and filter components. A strong shift in the use of plastics instead of iron and steel in the automotive industry is expected to drive the injection molding machine market during the forecast period. Stringent government regulations have forced automotive manufacturers to use plastics instead of other materials such as iron and steel. Rapid economic growth, improved infrastructure, and rising middle-class population in emerging economies have led to an increase in vehicle production and sales, which, in turn, increase the demand for injection molding machines. The rapidly growing automotive industry in APAC is also one of the major factors driving the injection molding machine market.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=14623149      

On the basis of region, APAC is the largest market for injection molding machine market. The APAC comprises major emerging nations such as China and India. Hence, the scope for the development of most industries is high in this region. The injection molding machine market is growing significantly and offers opportunities for various manufacturers. The APAC region constitutes approximately 61.0% of the world's population, and the manufacturing and processing sectors are growing rapidly in the region. The APAC is the largest injection molding machine market with China being the major market that is expected to grow significantly. The rising disposable incomes and rising standards of living in emerging economies in the APAC are the major drivers for this market.

The increasing population in the region accompanied with the development of new technologies and products are projected to make this region an ideal destination for the growth of the injection molding machine market. However, establishing new plants, implementing new technologies, and creating a value supply chain between raw material providers and manufacturing industries in the emerging regions of the APAC are expected to be a challenge for industry players as there is low urbanization and industrialization. Booming automotive, consumer goods and packaging sectors and advances in process manufacturing are some of the key drivers for the market in the APAC. Countries such as India, Indonesia, and China are expected to witness high growth in the injection molding machine market due to the increasing demand from the automotive industry.

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=14623149

The key market players profiled in the report include Haitian International Holdings Limited (China), Sumitomo Heavy Industries Limited (Japan), The Japan Steel Works Ltd. (Japan), Chen Hsong Holdings Limited (China), Hillenbrand, Inc. (U.S.), Nissei Plastic Industrial Co., Ltd. (Japan), Engel Austria GmbH (Austria), Arburg GmbH & Co KG (Germany), Husky Injection Molding Systems Ltd. (Canada), KraussMaffei Group GmbH (Japan), Dongshin Hydraulic Co., Ltd. (South Korea).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/injection-molding-machine.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/injection-molding-machine-market.asp

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.