The Surging Electronics Industry And The Injection Molding Machine Market: Core Growth Enabler in the Injection Molding Machine Market, 2025

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What Will the Injection Molding Machine Industry Market Size Be by 2025?
The market size of the injection molding machine has seen a substantial expansion in the past few years. It is projected to rise from $13.83 billion in 2024 to $14.58 billion in 2025, showing a compound annual growth rate (CAGR) of 5.4%. This advancement in the historical period can be credited to factors such as industrialization and large-scale production, the progression and innovation of materials, evolution in consumer products, concerns and regulations related to the environment, and the efficiency and cost-effectiveness of production.

What's the Long-Term Growth Forecast for the Injection Molding Machine Market Size Through 2029?
The market size of injection molding machines is predicted to experience significant growth in the coming years, expected to reach ""$18.17 billion by 2029 with a compound annual growth rate (CAGR) of 5.7%. Various factors contributing to this growth during the forecast period include the rising demand for precision and efficiency, the integration of Industry 4.0, the move towards more sustainable manufacturing practices, the market growth in developing countries, and the need for customization and flexibility. Key trends during this forecast period are expected to be global market expansion and diversification, a shift towards electric machines, a growing demand for high-speed and high-pressure machines, and a focus on sustainability and energy efficiency.

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What Are the Key Growth Drivers Fueling the Injection Molding Machine Market Expansion?
The injection molding machine market is set to surge, stimulated by the escalating electronics industry. This industry encompasses the economic sector that produces devices, components, and systems such as semiconductors, integrated circuits, telecommunications equipment, computer hardware, consumer electronics, and an array of other electronic products. Injection molding machines play a crucial role in this realm, providing protection for electronic goods, generating minimal waste as compared to other manufacturing methods, offering flexibility in material usage, and enabling the rapid, efficient output of high-volume parts. As an illustration, the Japan Electronics and Information Technology Industries Association reported in May 2023 that Japan's total electronic equipment production had reached $4919 million, or ¥771,457 million. Furthermore, the production of consumer electronics climbed to $204.67 million (¥32,099 million) in May 2023 from $161.12 million (¥25,268 million) in May 2022. Consequently, the thriving electronics industry is a significant factor propelling the injection molding machine market's expansion.

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What Are the Key Trends Driving Injection Molding Machine Market Growth?
Technological advancement remains central to the injection molding machine market. In April 2022, South Korea-based LS Mtron Ltd. launched a smart injection molding system featuring AI Molding Assistant and Smart Weight Control. These features reduce setup time and detect product weight changes to ensure production accuracy and efficiency.

How Is the Injection Molding Machine Market Segmented?
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 Companies Are Leading the Charge in Injection Molding Machine Market Innovation?
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., Sodic*k Co Ltd., Yizumi Precision Machinery Co Ltd., Cincinnati Milacron, WINTEC Co. Ltd

Which Regions Are Leading the Global Injection Molding Machine Market in Revenue?
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

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