Injection Molding Machines Market Growth, Share and Trends 2024-2032

IMARC Group's report titled "Injection Molding Machines Market Report by Machine Type (Hydraulic, Electric, Hybrid), Material (Plastics, Metals, and Others), Application (Automotive, Consumer Goods, Packaging, Electronics, and Others), and Region 2024-2032". offers a comprehensive analysis of the industry, which comprises insights on the global injection molding machines market growth. The global market size reached US$ 11.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 17.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/injection-molding-machines-market/requestsample

Factors Affecting the Growth of the Injection Molding Machines Industry:

• Sustainable Manufacturing Practices:

The growing adoption of injection molding machines due to the rising focus on sustainable manufacturing practices is offering a positive market outlook. Additionally, manufacturers are seeking sustainable solutions to minimize waste, energy consumption, and carbon footprint due to increasing environmental concerns. Furthermore, injection molding machines offer energy efficiency, material recyclability, and reduced scrap rates. Besides this, advancements in materials and processes enable the production of biodegradable and recycled plastics, aligning with sustainability goals. Moreover, the increasing adoption of eco-friendly products is supporting the market growth.

• Technological Advancements:

Innovations, such as hybrid and all-electric machines, assist in offering improved efficiency, energy savings, and enhanced production capabilities, which is impelling the market growth. Besides this, hybrid machines combine the benefits of hydraulic and electric systems, optimizing energy usage and reducing operating costs. Similarly, all-electric machines eliminate hydraulic components entirely, offering higher precision, faster cycle times, and reduced maintenance requirements. As a result, these technological advancements address the evolving needs of manufacturers for higher productivity, lower environmental impact, and enhanced product quality. 

• Industrial Automation:

The escalating demand for injection molding machines on account of the increasing adoption of industrial automation is strengthening the market growth. Moreover, the rising need for enhanced efficiency and precision in manufacturing processes is bolstering the market growth. Injection molding machines can produce large quantities of components with high accuracy and are integral to automated production lines. Furthermore, the increasing demand for automation solutions, as industries are seeking to streamline operations and reduce labor costs, is propelling the market growth.

Leading Companies Operating in the Global Injection Molding Machines Industry:

• Arburg GmbH + Co. KG
• Chen Hsong Holdings Limited
• Engel Holding Gesellschaft mbH
• Haitian International
• Japan Steel Works Ltd.
• KraussMaffei (China National Chemical Corporation)
• Milacron Holdings Corp. (Hillenbrand Inc.)
• Nissei Plastic Industrial Co. Ltd.
• Shibaura Machine Co. Ltd.
• Sumitomo Heavy Industries Ltd.
• Toyo Machinery & Metal Co. Ltd.
• Ube Machinery Corporation Ltd. (Ube Industries Ltd.)

Injection Molding Machines Market Report Segmentation:

By Machine Type:

• Hydraulic
• Electric
• Hybrid

Hydraulic represents the largest segment as it is known for its robustness and ability to exert high clamping forces.

By Material:

• Plastics
• Metals
• Others

Plastics hold the biggest market share on account of their ability to produce a wide range of products across several sectors. 

By Application:

• Automotive
• Consumer Goods
• Packaging
• Electronics
• Others

Automotive accounts for the largest market share due to the rising focus on reducing vehicle weight. 

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific enjoys a leading position in the injection molding machines market, which can be accredited to the thriving automotive industry.   

Global Injection Molding Machines Market Trends:

Injection molding machines play a crucial role in the packaging sector by producing a wide range of plastic packaging components, ranging from bottles and containers to caps and closures. Injection molding offers enhanced versatility, precision, and scalability. It can mold intricate shapes with consistent quality at high speeds making it ideal for mass production of packaging materials. Moreover, injection molding enables customization, allowing packaging manufacturers to meet diverse market demands for size, shape, and functionality.

Apart from this, the increasing demand for customized products and shorter product lifecycles is supporting the market growth. Injection molding machines are capable of quick mold changes and adaptable production processes, which is impelling the market growth.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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