Injection Molding Machine Market Forecasts to 2028 – Global Analysis By Type (Handheld Type and Desktop Type), Pressure Type (Low Pressure and High Pressure), Machine Type (All- Electric, Hybrid, Hydraulic and Mechanical), Product Type (Plastic, Rubber, Metal and Ceramic), Clamping Force (0-200 Tons Force, 201-500 Tons Force and Above 500 Tons Force), Solution (New Sales and Aftermarket), Application (Digital and Electrical Products Battery, Energy Storage, Motive Battery and Reserve Battery), End User (Automotive, Consumer Goods, Packaging, Healthcare & Medical Devices, Electricals & Electronics, Information Technology (IT) & Telecommunication, Infrastructure, Toy Making, Building & Construction, Home Appliances, General Plastic, Aerospace and Defence) and By Geography
According to Stratistics MRC, the Global Injection Molding Machine Market is accounted for $10.30 billion in 2020 and is expected to reach $15.93 billion by 2028 growing at a CAGR of 5.6% during the forecast period. High demand from the packaging industry, growth in automotive sector fueling demand for large plastic molds and rising awareness about energy saving are driving the market growth. However, high initial and maintenance cost of machines is hampering the growth of the market.
Injection molding machines (IMM) are used in a broad range of industrial, medical, dental, aerospace, firearms, and automotive applications as it is one of the most important processes in mass production. The injection molding process is reproducible and delivers similar products at a fast rate. Furthermore, IMM can produce engineering components and small disposable consumer goods with high precision.
Based on the machine type, the all-electric segment is going to have lucrative growth during the forecast period owing to ts lower use of chilled water, decreased housekeeping and preventive maintenance, less energy and oil consumption, and lower repair rate. By geography, Asia Pacific is going to have high growth during the forecast period due to the rising disposable incomes and rising standards of living in emerging economies in the region.
Some of the key players profiled in the Injection Molding Machine Market include Multiplas Enginery Co., Ltd., Mold Hotrunner Solutions Inc., Milacron Holdings Corp., KraussMaffei Group GmbH, Husky Injection Molding Systems Ltd., Huarong Plastic Machinery Co., Ltd., Haitian International Holdings Limited, Fu Chun Shin Machinery Manufacture Co., Ltd., Engel Austria GmbH, Dr. Boy GmbH & Co. KG, Dongshin Hydraulics, Chen Hsong Holdings Ltd., Borche North America Inc., Boco Pardubice Machines S. R. O. and Arburg GmbH + Co. KG.
Estimated Market Size in 2020:
USD 10.30 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs & Figures
Type, Pressure Type, Machine Type, Product Type, Clamping Force, Solution, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Handheld Type
• Desktop Type
Pressure Types Covered:
• Low Pressure
• High Pressure
Machine Types Covered:
• All- Electric
Product Types Covered:
Clamping Forces Covered:
• 0-200 Tons Force
• 201-500 Tons Force
• Above 500 Tons Force
• New Sales
• Digital and Electrical Products Battery
• Energy Storage
• Motive Battery
• Reserve Battery
End Users Covered:
• Consumer Goods
• Healthcare & Medical Devices
• Electricals & Electronics
• Information Technology (IT) & Telecommunication
• Toy Making
• Building & Construction
• Home Appliances
• General Plastic
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Injection Molding Machine Market is majorly driven by high demand from the packaging industry, growth in automotive sector fueling demand for large plastic molds and rising awareness about energy saving.
The all-electric segment is growing at a highest CAGR owing to its lower use of chilled water, decreased housekeeping and preventive maintenance, less energy and oil consumption, and lower repair rate.
Asia Pacific dominated with a significant market share due to the factors such as rising disposable incomes and rising standards of living in emerging economies in the region.
North America market is growing at a highest CAGR owing to the growth in investment in the automotive industryfor making lightweight automotive components decrease overall weight, and manufacturing cost.
Key players in Injection Molding Machine Market include Multiplas Enginery Co., Ltd., Mold Hotrunner Solutions Inc., Milacron Holdings Corp., KraussMaffei Group GmbH, Husky Injection Molding Systems Ltd., Huarong Plastic Machinery Co., Ltd., Haitian International Holdings Limited, Fu Chun Shin Machinery Manufacture Co., Ltd., Engel Austria GmbH, Dr. Boy GmbH & Co. KG, Dongshin Hydraulics, Chen Hsong Holdings Ltd., Borche North America Inc., Boco Pardubice Machines S. R. O. and Arburg GmbH + Co. KG.
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