Press release
Injection Molding Machine Market Set to Reach $18.17 Billion by 2029 with 6% Yearly Growth
Injection Molding Machine Market Size
The expansion of the electronics sector is anticipated to spur the injection molding machine market's development in the future. The electronics industry encompasses the economy's part focused on creating electronic components, gadgets, and systems, such as semiconductors, integrated circuits, computer hardware, telecommunications gear, consumer electronics, and a variety of other electronic products. Injection molding machines are employed in the electronics sector to safeguard electronic products, generate less waste than other manufacturing methods, provide material selection flexibility, and produce large quantities of parts rapidly and effectively. For example, in May 2023, the Japan Electronics and Information Technology Industries Association, a trade organization based in Japan, reported that Japan's total electronic equipment production reached $4919 million (¥771,457 million). Moreover, consumer electronics production escalated to $204.67 million (¥32,099 million) in May 2023 from $161.12 million (¥25,268 million) in May 2022. Hence, the injection molding machine market's growth is fueled by the burgeoning electronics industry.
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What Is the projected market size and growth rate for the injection molding machine market?
In recent years, the injection molding machine industry has witnessed significant growth. The market size, which stood at $13.83 billion in 2024, is projected to reach $14.58 billion in 2025, marking a compound annual growth rate (CAGR) of 5.4%. Reasons for the robust growth during the historical period include industrialization and mass production, material innovation and advancements, evolution of consumer products, environmental policies and guidelines, as well as the cost-effectiveness and efficiency of production.
In the upcoming years, the market size of injection molding machines is predicted to witness robust growth, escalating to "$18.17 billion by 2029 with a compound annual growth rate (CAGR) of 5.7%. Factors contributing to this growth during the forecast period include the rise in demand for precision and efficiency, the integration of industry 4.0, a shift towards eco-friendly manufacturing processes, market progression in developing countries, and the need for customization and flexibility. Important trends expected during this period range from the global enlargement and diversification of the market, to a shift towards electric machines, to the demand for machines capable of high pressure and high speed, and finally to sustainability and energy efficiency.
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What new trends are reshaping the injection molding machine market and its opportunities?
The adoption of new technologies amidst technological advances is becoming a prominent trend in the injection molding machine market. To maintain their market presence, leading enterprises in the sector are embracing innovative technologies. An illustrative example of this trend is LS Mtron Ltd.'s introduction of an AI-based smart injection molding system in April 2022. The South Korean medical products manufacturer's system features two technological advancements - an 'AI Molding Assistant' and 'Smart Weight Control'. The former aids in reducing time and maintaining stability during the initial molding setup process. On the other hand, the latter is incorporated within the injection molding machine's software and assists in identifying weight alterations in products.
What major market segments define the scope and growth of the injection molding machine market?
The injection molding machine market covered in this report is segmented -
1) By Technology: Hydraulic, Electric, Hybrid
2) By Clamping Force: Less Than 200 Tons Force, 200-500 Tons Force, More Than 200-500 Tons Force
3) By Material: Plastic, Rubber, Metal, Ceramic, Other Materials
4) By Pressure Type: Low Pressure, High Pressure
5) By Application: Automotive, Packaging, Healthcare, Consumer Goods, Toy Making, Building And Construction, Home Appliances, Other Applications
Subsegments:
1) By Hydraulic: Standard Hydraulic Machines, High-Speed Hydraulic Machines, Multi-Component Hydraulic Machines
2) By Electric: All-Electric Machines, Servo-Electric Machines
3) By Hybrid: Electric-Hydraulic Hybrid Machines, Hybrid Machines With Multiple Functions
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Which region dominates the injection molding machine market?
Asia-Pacific was the largest region in the injection molding machine market in 2024. It is expected to be the fastest-growing region in the global injection molding machine market during the forecast period. The regions covered in the injection molding machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the injection molding machine industry growth?
Major companies operating in the injection molding machine market include Arburg GmbH + Co KG, Haitian International Holdings Limited, Milacron Holdings Corp, Nissei Plastic Industrial Co Limited, Engel Austria GmbH, Sumitomo (SHI) Demag Plastics Machinery GmbH, Chen Hsong Holdings Limited, Toyo Machinery & Metal Co Ltd, Husky Injection Molding Systems Ltd, Japan Steel Works Limited, KraussMaffei Group, UBE Machinery Corporation Ltd., Shibaura Machine Co Ltd., Wittmann Battenfeld, Toshiba Machine Co Ltd., Negri Bossi SpA, Mitsubishi Heavy Industries Plastic Technology Co Ltd., Victor Taichung Machinery Works Co Ltd., Woojin Plaimm Co Ltd., Billion SAS, Dr. Boy GmbH & Co KG, Fu Chun Shin Machinery Manufacture Co Ltd., Huarong Plastic Machinery Co Ltd., L.K. Machinery International Limited, LS Mtron Ltd., Multiplas Enginery Co Ltd., Niigata Machine Techno Co Ltd., dic*k Co Ltd., Yizumi Precision Machinery Co Ltd., Cincinnati Milacron, WINTEC Co. Ltd
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What Is Covered In The Injection Molding Machine Global Market Report?
• Market Size Forecast: Examine the injection molding machine market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the injection molding machine market for a structured understanding.
• Key Players Overview: Analyze major players in the injection molding machine market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the injection molding machine market.
• Segment Contributions: Evaluate how different segments drive overall growth in the injection molding machine market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the injection molding machine market.
• Industry Challenges: Identify potential risks and obstacles affecting the injection molding machine market.
• Competitive Landscape: Review strategic developments in the injection molding machine market, including expansions, agreements, and new product launches.
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