Injection Molding Machine Market Size Worth USD 25.23 Billion By 2027 | Emergen Research

The global injection molding machine market size was USD 17.50 billion in 2022 and is expected to register a rapid revenue CAGR of 3.7% during the forecast period. The global injection molding machine market is experiencing robust growth, primarily fueled by the rising demand from the packaging industry and increasing awareness about energy savings. According to recent market research, factors such as the rapid expansion of the automotive and consumer goods sectors are also contributing significantly to market revenue growth.

Injection molding machines play a pivotal role in the production of plastic containers, caps, closures, and other packaging components, offering unparalleled design flexibility and cost-effectiveness. Moreover, modern injection molding machines are equipped with features that enable users to optimize energy costs, aligning with the growing emphasis on sustainability.

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One notable development in the market is the integration of high-speed capabilities with all-electric series, exemplified by Sumitomo (SHI) Demag's PAC-E. This innovation promises enhanced efficiency and performance, catering to the evolving needs of high-speed packaging applications.

However, the market faces challenges such as the high initial and maintenance costs of machines. Despite this, injection molding remains a preferred manufacturing method due to its ability to mass-produce identical parts with high reliability and consistency, particularly beneficial for large-scale production.

Material Insights: Plastic Dominates, Metal Segment Shows Promise

In terms of materials, plastic dominates the global injection molding machine market, capturing the largest revenue share in 2022. This dominance is attributed to the increasing demand for plastic parts in industries like automotive and medical devices, driven by their lightweight nature and cost efficiency.

On the other hand, the metal segment is poised for moderate growth, buoyed by its high resistance to corrosion and ability to manufacture complex geometries. The rising costs of plastic recyclability have led to a focus on substitutes like bioplastics, which offer environmental benefits without compromising on properties.

Technology Insights: Electric Segment Leads the Charge

Electric injection molding machines are projected to command a significant revenue share during the forecast period, driven by their high energy efficiency and precision. These machines utilize electric motors for all process-relevant movements, resulting in reduced energy consumption and optimized operating costs.

Furthermore, electric injection molding machines offer enhanced repeatability and precision, thanks to digital control. Their versatility and suitability for a wide range of applications further contribute to their market dominance.

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End-Use Insights: Packaging Segment Takes Center Stage

The packaging segment is expected to dominate the global injection molding machine market, driven by its diverse applications in thin-wall containers, beverage caps, and specialty closures. The increasing consumption of packaging products across healthcare, personal care, and consumer goods industries further bolsters this segment's growth prospects.

Additionally, the electronics segment is poised for steady growth, fueled by the rising production of electronic components such as smartphones and laptops. These components demand high levels of accuracy and quality, making injection molding machines indispensable in the electronics manufacturing process.

In summary, the global injection molding machine market is witnessing robust growth, propelled by factors such as rising demand from key industries, technological advancements, and a growing emphasis on energy efficiency and sustainability.

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Major Companies and Competitive Landscape

The global injection molding machine market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective products. Some of the major companies included in the global injection molding machine market report are:

• Arburg GmbH + Co KG
• Haitian International Holdings Limited
• Milacron
• Nissei Plastic Industrial Co., Limited
• Engel Austria GmbH
• Sumitomo (SHI) Demag Plastics Machinery GmbH
• Chen Hsong Holdings Limited
• Husky Injection Molding Systems Ltd,
• KraussMaffei Group
• Phillips Machine Tools India Pvt. Ltd.
• Toyo Machinery & Metal Co., Ltd.
• Ved Machinery and Electronica Plastic Machines Limited
• Japan Steel Works Ltd.
• Electronica Plastic Machines Limited

Strategic Development

• On 3 April 2022, Westec Plastics, a leading custom injection molded for the medical and biotech industries, based in U.S., announced the addition of three new Arburg two-shot injection molding machines to its production facility. These machines include two 550-ton presses and one 275-ton press. In addition, these machines have indexing platens that help rotate the mold and receive multiple shots.

• On 7 October 2021, Beacon Manufacturing Group, a leading provider of custom-engineered molded products, assembled components, innovative solutions, and value-added engineering services based in U.S, announced the acquisition of Acromatic Plastics, a company that specializes in custom, high-quality injection molding, insert molding, and structural foam

Segments Covered in Report

For the purpose of this report, Emergen Research has segmented the global injection molding machine market on the basis of materials, technology, end-use, clamping force, and region:

• Materials Outlook (Revenue, USD Billion; 2019-2032)
o Plastic
o Metal
o Rubber
o Ceramic
o Others

• Technology Outlook (Revenue, USD Billion; 2019-2032)
o Hydraulic
o Electric
o Hybrid

• End-use Outlook (Revenue, USD Billion; 2019-2032)
o Automotive
o Consumer Goods
o Packaging
o Electronics
o Healthcare
o Others

• Clamping Force Outlook (Revenue, USD Billion; 2019-2032)
o 0-200 tons' force
o 201-500 tons' force
o Above 500 tons' force

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa

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