Press release
Technological Innovations to Play Key Role in Adoption of Injection Molding Machine Market By 2025
Injection Molding Machine Market
The global market for injection molding is a competitive and fragmented one with companies such as Asian Plastic Machinery Co., Ltd., Engel Austria, Husky Injection Molding Systems, Japan Steel Works Ltd., Haitian International Holdings, Dongshin Hydraulic Co., Ltd., Negri Bossi S.P.A., Sumitomo Heavy Industries, Milacron Holdings Corp., and Arburg GmbH & Co. KG.
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What are the various end –user application areas of injecting molding machines?
Based on end user, the global market for injection molding machine can be segmented into consumer goods, packaging, and automobiles, among others. The end user of automotive industry is probably going to lead the injection molding machine market amid the conjecture time frame because of expanding demand for automobiles internationally, alongside prerequisite for lightweight parts in cars. As of now, packaging is utilized more for its item separation feature separated from its ordinary usefulness. The packaging industry requires quality items with feasible and efficient manufacturing. This target can be effectively met by injecting molding machines, which discover their application in this particular industry.
What are the latest developments in the injection molding machines market?
One of the technology companies based in Japan named Niigata Machine Techno co. Ltd. Unveiled a house of new developments lately. One of the new machines was a two-platen hybrid machine which is basically a servo-hydraulic electric clamp injection mold unit. It is known as JN1200H and has 1200 U.S. tons of clamp power. It provides a precise speed up to ±0.01 mm/sec. The second novel machine is the MDV55S7000 which is a 55-ton all-electric press with an injection unit and a vertical clamp. It is mainly suited to overmold long inserts such as medical tubing or cables.
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Which region is likely to be the key focus of market players?
Region-wise, the global market for injection molding machine has been segmented into Asia Pacific, Latin America, the Middle East and Africa, Europe, and North America. The region that has been projected to enjoy a fruitful future is Asia Pacific owing to the rising demand of the product from China and India.
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