Injection Molding Machine Market Size, Share, Growth and Forecast 2032

Injection Molding Machine Market Insights

According to Zion Market Research, the global Injection Molding Machine Market was worth USD 10.92 Billion in 2023. The market is forecast to reach USD 15.87 Billion by 2032, growing at a compound annual growth rate (CAGR) of 4.24% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Injection Molding Machine Market industry over the next decade.

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Global Injection Molding Machine Market: Overview

The global injection molding machine market is anticipated to grow at a rapid rate due to various reasons such as a reduction in manufacturing time leading to higher productivity. This technology is used for manufacturing precision plastic and metal parts for the electrical, automotive, electronics, and consumer goods industry on a mass productivity level. Investments in research and development by major companies in this sector are leading to the growth of the injection molding machine market. Various industries are adopting industry 4.0 for higher productivity through accurate automation techniques which are booming the growth and sale of injection molding machines globally.

Global Injection Molding Machine Market: Growth Factors

The growing automotive, medical device, and consumer goods industry is one of the most important factors for the growth of the injection molding machine market. Due to minimal investments small and medium companies are investing in this technology. Plastic household and consumer products such as buckets, trays, cups, bottle caps, mugs, etc. are manufactured using injection molding technology. Increasing interest in the packing industry using injection molding is gaining importance in various industries. Hygienic products for the food & cosmetic industry are promoting the growth of the injection molding machine market.

Industry sectors such as aerospace and automotive highly precision products are required due to this the rise in rejection percentage especially for plastics and rubber products is the major restraining factor in inject molding technology. Moreover, the COVID-19 pandemic has shown a drastic downfall in the injection molding industry. The factor restraining injection molding technology is the higher costs of molds for the automotive and aerospace industries.

Global Injection Molding Machine Market: Segmentation

The injection molding machine market is segmented based on type, material, application, and region.

In terms of application, the injection molding machine market is segmented as hydraulic, hybrid, and electrical.

On basis of material, it is segmented as plastic, metal, rubber, and others.

On basis of application injection molding machine market is segmented as automotive, electronics & electrical, consumer goods, medical devices, and others.

On basis of clamping force in tonnage, it is segmented as 5-10 tons, 10-200 tons, 200-1000 tons, and 1000-3000 tons.

Injection Molding Machine Market: Report Scope

Global Injection Molding Machine Market: Regional Analysis

Based on regions, the global injection molding machine market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. China & India are anticipated to show more growth in the injection molding machine market due to high demand for consumer goods, electrical and automotive products. Asia Pacific is leading in the manufacturing sector due to lower labor costs and higher manufacturing capability leading to the growth of the injection molding machine market. European Region is leading in injection molding machine technology in terms of research & development for electric and hybrid injection molding machines as large-scale companies are investing in this sector for minimum energy consumption, higher precision, and maximum output productivity.

Global Injection Molding Machine Market: Competitive Players

Some of the key players in the injection molding machine market are 

• Arburg GmbH + Co KG
• Haitian International Holdings Limited
• Milacron
• Nissei Plastic Industrial Co.
• Limited
• ENGEL Austria GmbH
• Sumitomo (SHI)
• Demag Plastics Machinery GmbH
• Battenfeld Inc.

The global injection molding machine market is segmented as follows:

By Type

• Electric
• Hybrid
• Hydraulic

By Material

• Plastics
• Metal
• Rubber
• Others

By Application

• Automotive
• Electronics & Electrical
• Consumer Goods
• Medical Devices
• Others

By Clamping Force

• 5-10 ton
• 10-200 ton
• 200-1000 ton
• 1000-3000 ton

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa