Market Projections (2023-2032):

The Injection Molding Machine Market size was valued at around USD 15.98 Billion in 2023 and is expected to reach a value of USD 22.56 Billion by 2031, at a CAGR of 4.6 % over the forecast period (2024–2031).

The film is anticipated that a growing number of industries, including consumer items, automotive, electronics, packaging, and others, would use injection molded components. Important businesses suffered by the Covid-19 pandemic, which hindered investments in emerging technology like robots and the creation of jobs. Due to the epidemic, fewer people were employed in industrial facilities, which hurt company. The need for injection-molded products in medical equipment would rise after the outbreak. The demand for these devices is expected to rise as a result during the forecast period.

The demand for packaged items that can be transported on-the-go is expected to drive growth in the packaging business in the United States due to customers' busy lives and increasing purchasing power. The expanding use of these products and the booming packaging industry are anticipated to fuel U.S. demand for injection-molded packaging products over the forecast period.

The expanding industry demand for more floor space is resulting in a rise in new construction and renovation projects across the country. In addition, a growing number of major infrastructure investment projects—such as the building of hotels and hospitals in Missouri, New York, and Los Angeles—are anticipated to propel the construction industry's expansion. In turn, this will increase demand for injection-molded parts used in the building sector. This is expected to help the country's market growth.

The number of electric vehicles on American roads has expanded due to a number of factors, including easy access to new and cutting-edge technology in the EV industry, a highly skilled workforce, sophisticated processing capabilities, and increased research and development projects. Growing demand for injection-molded parts for different external and interior parts in both conventional and electric automobiles is anticipated to support the U.S. market's growth.

Market Dynamics:

Market Drivers

Growing Demand for Plastic Products Across Various Industries

• The growing demand for plastic products across various industries such as automotive, packaging, consumer goods, healthcare, and electronics. Injection molding machines are widely used for the mass production of plastic components and products due to their efficiency, precision, and versatility. The automotive industry, for example, relies heavily on injection molding machines to manufacture interior and exterior components, while the packaging industry uses them to produce containers, bottles, and caps. Similarly, the healthcare sector uses injection molding machines to produce medical devices, syringes, and laboratory equipment. The increasing consumption of plastic products driven by population growth, urbanization, and changing consumer lifestyles fuels the demand for injection molding machines, stimulating market growth and expansion.

Advancements in Injection Molding Machine Technology

• The ongoing developments in materials science, machine technology, and process improvements targeted at enhancing effectiveness, productivity, and product quality are major factors driving the injection molding machine market. In order to improve machine performance, energy efficiency, and operator friendliness, injection molding machine manufacturers invest in R&D. Advancements in machine design, such as servo-driven hydraulic systems, electric injection units, and multi-material molding capabilities, enable precise control over the injection molding process, resulting in higher part quality, consistency, and repeatability. Furthermore, innovations in materials science, including the development of advanced polymers, bioplastics, and composite materials, expand the range of applications and performance characteristics achievable with injection molding technology. The continuous evolution of injection molding machine technology drives market competitiveness, spurs adoption among manufacturers, and enables the production of innovative plastic products to meet evolving customer demands and industry requirements.

Market Trends

Automation and Robotics Integration

• The increasing integration of automation and robotics into injection molding processes. Automation technologies such as robotic arms, automated part handling systems, and vision inspection systems are being employed to streamline production processes, improve efficiency, and reduce labor costs in injection molding operations. Automated systems can perform tasks such as part removal, inspection, assembly, and packaging with high speed and precision, enhancing overall productivity and throughput. Integration of robotics also enables injection molding machines to operate continuously with minimal human intervention, leading to increased uptime and reduced cycle times. As manufacturers seek to optimize their production workflows and meet the demands for faster turnaround times and higher production volumes, the adoption of automation and robotics technologies in injection molding is expected to continue growing.

Shift towards Energy Efficiency and Sustainability

• The industry's growing emphasis on sustainability and energy efficiency. With growing environmental concerns and regulatory pressures related to carbon emissions and energy consumption, injection molding machine manufacturers are developing energy-efficient models and implementing sustainable manufacturing practices. Newer injection molding machines incorporate features such as variable frequency drives (VFDs), servo-driven hydraulic systems, and energy recovery systems to minimize energy consumption and reduce environmental impact. Additionally, there is a growing interest in using recycled materials, biodegradable polymers, and eco-friendly additives in the injection molding process to promote sustainability and support the circular economy. As sustainability becomes a key consideration for consumers, businesses, and regulatory bodies, injection molding machine manufacturers are responding to market demands by offering greener, more eco-friendly solutions that align with sustainability goals and contribute to a more environmentally responsible manufacturing ecosystem.

Market Restraining Factors

High Initial Investment Costs

• The high initial investment costs associated with purchasing and setting up injection molding machines. Injection molding machines are sophisticated pieces of equipment that require a significant capital outlay, especially for high-capacity, high-precision machines used in large-scale production facilities. The cost of injection molding machines depends on factors such as machine size, tonnage capacity, automation features, and technological sophistication. Additionally, investments in ancillary equipment, molds, tooling, and infrastructure add to the overall upfront investment required to establish an injection molding operation. The high initial investment costs may pose a barrier to entry for small and medium-sized enterprises (SMEs) and startups looking to enter the injection molding market, limiting market penetration and competitiveness.

Key Industry Developments:

• In March 2022, Che Hsong Holdings Ltd. signed a strategic cooperation agreement with the Chiers electric car manufacturer YD Group Co., Ltd. It has obtained several purchase orders for injection molding machine equipment from the company.
• In July 2023 - Haitian International establishes its first location in North America with the opening of a cutting-edge manufacturing facility in Jalisco, Mexico. The $50-million plant aims to enhance production, expedite regional deliveries, and potentially serve the broader North American market.
• In July 2023, With the ALLROUNDER MORE 1600, Arburg introduced energy-efficient two-component injection molding, producing PBT and LSR containers with two electric injection machines.

Report Coverage:

The report will cover the qualitative and quantitative data on the global Injection Molding Machine Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations:

Injection Molding Machine Market Players Analysis:

• 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
• Toyo Machinery & Metal Co., Ltd
• Husky Injection Molding Systems Ltd
• Japan Steel Works Limited
• KraussMaffei Group
• UBE Machinery
• Shibaura Machine Co. Ltd.
• Wittmann Battenfeld
• Hillenbrand, INC
• Others

Injection Molding Machine Market Segmentation Analysis:

By Technology:

• Electric
• Hybrid
• Hydraulic

By Material:

• Metal
• Plastic
• Others

By End-User:

• Electricals & Electronics
• Consumer Goods
• Automotive
• Packaging
• Healthcare
• Others

The report also helps in understanding Global Injection Molding Machine Market dynamics, structure by analyzing the market segments, and project the Global Injection Molding Machine Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Injection Molding Machine Market make the report investor’s guide.

Injection Molding Machine Market Segmentation Analysis:

The market scope is segmented because of by Material, by Technology, by End user.

By Material

Based on the Material of the market is segmented Plastics, Metals, Others.

In 2022, the plastics segment dominated the market and generated over 76.6% of global sales. Over the projection period, the category is predicted to rise at a rapid pace due to the automotive industry's rapid growth in the use of plastic parts because of its affordability and lightweight nature. Plastic goods are inexpensive per part and offer excellent precision and reproducibility. Large amounts of intricate geometric pieces are also produced by the machine. The plastic injection molding machine production process is quicker and requires less manpower than other traditional methods.

In terms of revenue, the metal segment is predicted to grow at a CAGR of 4.3% between 2023 and 2030. Metal molded products are in more demand due to factors including their improved surface smoothness, high resilience, and capacity to make complex pieces. Rubber and ceramics are among the other materials used in injection molding machine procedures. The rubber segment is a great method for producing homogenous components, complex inserts with close dimensional tolerances, and small- to medium-sized parts in large quantities. This method is gaining ground quickly in a number of global sectors due to its ability to create complex elastomeric components with extremely short cycle times.

By Technology

Based on Technology the market is segmented into Hydraulic, Electric, Hybrid.

In 2022, the hydraulic segment dominated the market and generated over 51.7% of global revenue. Large-scale production capabilities, complex parts for the automotive industry, reduced initial costs, accurate mold production, increased wear and tear resistance of hydraulic parts, and extensive use in the heavy-duty automotive, marine, and aerospace industries are all expected to fuel market growth.

The electric machine uses less energy, requires less time to start up, and uses energy only when it moves. These digitally controlled devices operate quickly since they don't require supervision. The electric segment can steady the molding situation and has extremely precise control and monitoring systems.

The electric injection molding machine is digitally controlled, quick, and more effective all around since each motor controls a single step of the production process, such as injection, extrusion, clamping, and ejection. The device minimizes startup scrap. Electric and hydraulic injection molding machines are used in this hybrid equipment. The machine, which is equipped with two clamps, can be constantly altered by the servo pump. It also requires less downtime and maintenance than hydraulic and electric molding systems.

Regional Snapshots

By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study.

The Asia Pacific region had the largest revenue share in 2022—it surpassed 39.2%. The Asia Pacific region is anticipated to increase throughout the projected period as a result of the major investments made by the governments of the various countries in the region for the expansion of residential building and the development of public infrastructure.

In 2022, Europe had the second largest revenue share. The booming electronics industry in the region has given rise to a new application scope, largely because of the jump in flexible electronics usage in Europe. This commodity is used in the production of electronic components such as sensors, meters, testing equipment, electrical connectors, and processing apparatus. The region's booming electronics industry is expected to assist the market expansion in Europe throughout the course of the forecast period.

North America is anticipated to experience the highest CAGR in the injection molding machines market during the forecast period. The region's market growth is driven by increased demand for all-electric injection molding machines, known for their energy efficiency, high speed, and quality. Approximately 50% of the injection molding machines sold annually in the United States are all-electric. Moreover, rising demand for injection-molded plastic products across sectors like automotive, healthcare, and others is expected to further stimulate market expansion in North America.

Injection Molding Machine Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report:

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Reasons to Purchase:

• To gain insightful analyses of the Injection Molding Machine market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the Injection Molding Machine market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the Injection Molding Machine market. Besides the standard structure reports, we also provide custom research according to specific requirements.

Research Scope of Injection Molding Machine Market

• Historic year: 2018- 2022
• Base year: 2023
• Forecast: 2024 to 2031
• Representation of Market revenue in USD Million

Injection Molding Machine Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: