Press release
Global Injection Moulding Machine Market To Be Driven At A CAGR Of 3.4% In The Forecast Period Of 2023-2028
Global Injection Moulding Machine Market
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
Historical Market Size (2021): USD 14.88 Billion
Forecast CAGR (2023-2028): 3.4 %
Forecast Market Size (2027): USD 18.61 Billion
The global injection moulding machine market is primarily driven by the demand from automotive sector. The increasing production automobiles globally, is propelling the demand for the plastic components such as bumpers, dashboard, among others, thus, pushing the growth. Moreover, the rapidly developing electronics industry is further expected to drive the growth.
The fast-growing industrial sector and healthcare industry are expected to create growth opportunities in the forecast period. Additionally, the factors such as increasing expenditure on research and development (R&D) for better and efficient technologies, growing urbanisation and increasing disposable income will aid the growth.
However, the high initial capital expenditure for setting up the machine and availability of alternatives such as 3D printing, thermoforming and urethane casting may hinder the growth for the injection moulding machine market.
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Injection Moulding Machine Industry Definition and Major Segments
Injection moulding machines are used in production of various plastic components. The machine melts the material of choice and injects in moulds thereby, producing the required shape and size. However, the injection moulding machine also finds its application across various sectors as it is also utilised to mould other material such rubber, metal, and ceramics.
Based on product type, the injection moulding market can be divided into:
Plastic
Rubber
Metal
Ceramic
Others
On the basis of machine type, the injection moulding machine market be categorised into:
Hydraulic
Hybrid
All-Electric
Based on clamping force, the injection moulding machine market can be divided into:
0-200 Ton-Force
201-500 Ton-Force
Above 500 Ton-Force
Based on sales, the injection moulding machine market can be divided into:
New Sales
Aftermarket
Injection moulding machine market based on end use can be divided as following:
Automotive
Consumer Goods
Packaging
Electrical and Electronics
Healthcare
Others
On the basis of regional markets, the industry is divided into:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Injection Moulding Machine Market Trends
Regionally, Asia Pacific is expected to be the largest shareholder and show the fastest growth in the global the injection moulding machine market. The rapidly expanding industrial sector and growing urbanisation in the developing economies such as China and India are expected to lead the regional growth. The increasing penetration of electronics, improving health care facilities, presence of key players and end-use vast sectors in the region is expected to aid the growth. Meanwhile, Europe and North America are expected to show moderate growth in the forecast period, due to presence of vast automobile modification industry, deep penetration of electronics and vast healthcare industry.
Key Market Players
The major players in the market are:
Japan Steel Works, Ltd.
Chen Hsong Holdings Limited
Nissei Plastic Industrial Co., Ltd.
Haitian International Holdings Limited
ENGEL AUSTRIA GmbH
Sumitomo Heavy Industries, Ltd.
Other
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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