NEW YORK, July 25, 2024 /PRNewswire/ -- The global
injection molding machine market size is estimated to grow by
USD 5.19 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 4.36% during the forecast period. Rising
demand for injection molding machines from various
industries is driving market growth, with a trend
towards growing popularity of 3D printing. However, high
initial and maintenance cost of injection molding machines
poses a challenge. Key market players include ARBURG GmbH Co
KG, BORCHE North America INC., Chen Hsong Holdings Ltd., Cosmos
Machinery Enterprises Ltd., Electronica Plastic Machines Ltd.,
ENGEL Austria GmbH, FANUC Corp., Haitian International Holdings
Ltd., Hillenbrand Inc., Husky Technologies, KraussMaffei Group
GmbH, L.K. Technology Holdings Ltd., NISSEI PLASTIC INDUSTRIAL Co.
Ltd., Shibaura Machine Co. Ltd., Sumitomo Heavy Industries Ltd.,
Tederic Machinery Co., Ltd., The Japan Steel Works Ltd., Toyo
Machinery and Metal Co. Ltd., Ube Corp., and WITTMANN Technology
GmbH.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Plastics, Rubber,
and Others), End-user
(Automotive, Consumer goods, Packaging, and
Others), and Geography (APAC, North America,
Europe, South America, and Middle East and
Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America,
and Middle East and Africa
|
Key companies
profiled
|
ARBURG GmbH Co KG,
BORCHE North
America INC., Chen Hsong Holdings Ltd.,
Cosmos Machinery Enterprises Ltd., Electronica
Plastic Machines Ltd., ENGEL Austria GmbH,
FANUC Corp., Haitian International Holdings
Ltd., Hillenbrand Inc., Husky Technologies,
KraussMaffei Group GmbH, L.K. Technology
Holdings Ltd., NISSEI PLASTIC INDUSTRIAL
Co. Ltd., Shibaura Machine Co. Ltd., Sumitomo
Heavy Industries Ltd., Tederic Machinery Co.,
Ltd., The Japan Steel Works Ltd., Toyo
Machinery and Metal Co. Ltd., Ube Corp., and
WITTMANN Technology GmbH
|
Key Market Trends Fueling Growth
Injection molding machines have gained significant traction in
the manufacturing industry due to their versatility and capability
to work with various plastic and metal materials. The increasing
popularity of 3D printing has led to an increased demand for these
machines, as they enable the creation of complex geometries in one
piece, saving time and reducing material waste. While 3D printing
offers quick production of parts, injection molding machines allow
for the mass production of high-quality, precise, and consistent
parts. The ability to easily create prototypes using injection
molding machines also facilitates the rapid design and development
process. These advantages are expected to fuel the growth of the
global injection molding machine market in the coming
years.
The Injection Molding Machine market is experiencing significant
growth due to the increased demand for plastic products in various
sectors. Mechanical systems in manufacturing industries are
leveraging injection molding machines to produce mass volumes of
plastic components for industries like automobiles, electronics,
and medical. With the global population on the rise, the need for
efficient and versatile production solutions is increasing.
Injection molding machines are being used to produce plastic
components for medicines, automotive hubs, packaging solutions, and
even food & beverages. The market is driven by the economy,
with finance and global trade playing crucial roles. The automotive
industry, for instance, produces around 1,000 vehicles per 1,000
people, and injection molding machines are essential for
manufacturing plastic components. The trend towards fully
automatic, highly efficient all-electric machines is gaining
popularity due to their lower labor costs and higher production
rates. However, wastage remains a concern, and injection molding
machine manufacturers are focusing on improving efficiency and
reducing wastage. Supportive government initiatives and the rise in
population are creating opportunities for injection molding
machines in various sectors, including medical equipment and
robotics. The market is also witnessing a trend towards specific
requirements, such as the need for high clamping forces in the food
& beverage industry to produce thick-walled containers. In
urgent emergencies, injection molding machines can quickly produce
essential plastic components, making them indispensable. The
IntElect S 100/460-250 is a popular injection molding machine due
to its versatility and ability to meet various industry
requirements. Overall, the injection molding machine market is a
vital part of the community, contributing to human health
conditions, industrialization, and the global economy.
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Market Challenges
- Injection molding machines are essential for manufacturing
high-quality products, such as plastic, metal, and others. However,
the significant investment required for purchasing and maintaining
these machines can be a challenge for smaller businesses. The high
cost is attributed to the intricate design, high precision, and
expensive materials, labor, and energy involved in their
production. Regular maintenance is necessary to ensure optimal
functioning, which includes repairing or replacing worn-out
components like nozzles, heaters, thermocouples, and hydraulic
valves. While the initial and maintenance costs are substantial,
they are offset by the machines' high production rate, consistency,
and long lifespan. Despite these advantages, the high investment
may hinder market growth for some businesses, potentially reducing
competition and innovation.
- Injection molding machines play a crucial role in manufacturing
industries, producing plastic components for various sectors like
packaging solutions, automotive hubs, medical components, and
processed food & beverages. However, the market faces
challenges such as increasing demand for efficiency, fully
automatic and highly efficient all-electric machines, and the rise
in population leading to more vehicles per 1000 people. Injection
molding manufacturers must address these challenges while ensuring
energy efficiency, short start-up times, and monitoring systems for
optimal molding conditions. The market also includes hybrid
machines with servo pumps and clamping forces tailored to specific
industries. Supportive government initiatives, robotics, and the
integration of medical equipment and electric vehicles are driving
growth. However, threats from industrialization and urgent
emergencies require robust supply networks and maintenance
strategies.
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Segment Overview
This injection molding machine market report extensively covers
market segmentation by
- Type
- 1.1 Plastics
- 1.2 Rubber
- 1.3 Others
- End-user
- 2.1 Automotive
- 2.2 Consumer goods
- 2.3 Packaging
- 2.4 Others
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Plastics- Injection molding machines are
essential equipment in the manufacturing industry for producing a
diverse range of plastic parts and components. Four primary types
of plastics, namely polypropylene (PP), polyethylene (PE),
polystyrene (PS), and acrylonitrile-butadiene-styrene (ABS),
dominate the injection molding market. Polypropylene (PP), a
thermoplastic polymer, is widely utilized in automotive, packaging,
and medical industries due to its high melting point, good chemical
resistance, and overall toughness. Lightweight and easy to mold, PP
is an ideal choice for producing caps, covers, and automotive
components. Polyethylene (PE), another commonly used plastic, is
popular in packaging and consumer goods industries. PE is known for
its durability, flexibility, and resistance to moisture and
chemicals. High-density polyethylene (HDPE) and low-density
polyethylene (LDPE) are two main grades, each suitable for
different applications. HDPE is used for rigid and durable
products, while LDPE is used for more flexible and lightweight
applications. Polystyrene (PS), a transparent thermoplastic
polymer, is utilized in various consumer goods, packaging, and
electronic applications. Known for its excellent dimensional
stability and electrical insulation properties, PS is available in
crystal and high-impact forms. Crystal PS is used where clarity and
transparency are essential, such as food packaging and medical
products. High-impact PS, which contains rubber or another
elastomer, is used for more durable and impact-resistant
applications like toys, automotive components, and electronics.
ABS, a thermoplastic polymer, is a versatile material used in
automotive parts, toys, electronics, and sporting goods. ABS offers
a balance of mechanical, chemical, and thermal properties, making
it a popular choice for its high-impact resistance, easy
processability, and low cost. Additionally, it is available in
various colors and finishes, making it an attractive option for
consumer products. These factors contribute to the growth of the
plastic segment in the global injection molding machine market
during the forecast period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The global Plastic Processing Machinery Market is experiencing
robust growth, driven by increasing demand for plastic products
across various industries. Key players are focusing on innovative
technologies to enhance efficiency and reduce environmental impact.
Similarly, the global Dies and Molds Market is expanding due to
rising automotive and consumer goods manufacturing. Advanced mold
technologies are improving production quality and speed. Meanwhile,
the global Machine Condition Monitoring Market is growing as
industries prioritize predictive maintenance to reduce downtime and
maintenance costs, leveraging IoT and AI for real-time monitoring
and analytics.
Research Analysis
The Injection Molding Machine market is driven by the mass
production of plastic products, particularly in industries such as
automobiles, electronics, medicines, and processed food &
beverages. With a global population projected to reach 9 billion by
2050, the demand for plastic items is expected to increase
significantly. Injection molding machines offer versatility in
producing specific requirements for various industries. However,
labor costs and production rate are critical factors in the market.
Wastage is a concern due to the high volume of plastic production.
Plastics are essential in manufacturing industries, with an average
of 100 vehicles produced per 1000 people, requiring injection
molding for interior and exterior parts. The economy, supply
networks, and urgent emergencies also impact the market. Injection
molding manufacturers must adapt to specific requirements, such as
electric vehicles and electric machine components, to remain
competitive. Staffing and efficient supply chains are crucial to
maintaining production rates and meeting demand.
Market Research Overview
Injection molding machines are mechanical systems used in
manufacturing industries to produce plastic products in mass
volume. With the increasing global population and the demand for
plastic products in various sectors, the market for injection
molding machines continues to grow. These machines are essential in
producing components for industries such as automobiles,
electronics, medicines, and packaging solutions. The versatility of
injection molding machines makes them suitable for specific
requirements, including labor-intensive industries like automotive
hubs. The production rate of injection molding machines is a
critical factor, with high-efficiency, fully automatic, and
all-electric machines being highly sought after. However, wastage
remains a concern, and efforts are being made to improve energy
efficiency and reduce it. Plastics, a key raw material, are used
extensively in various sectors, including food and beverages,
vehicles per 1000 people, and industrialization. Supportive
government initiatives and the rise in population have led to an
increase in demand for injection molding machines. The market is
also driven by urgent emergencies, such as the need for medical
components and the shift towards electric vehicles. Injection
molding manufacturers are continuously innovating, introducing
machines with advanced features like servo pumps, monitoring
systems, and hybrid machines to meet the evolving needs of various
industries. The injection molding market is influenced by various
factors, including the economy, finance, staff, supply networks,
and urgent emergencies. The market is expected to grow further with
the introduction of robotics and advancements in medical equipment
and energy efficiency. The IntElect S 100/460-250 is an example of
a high-performance injection molding machine that meets the
specific needs of various industries. Overall, injection molding
machines play a crucial role in the production of plastic
components and packaging solutions for various sectors,
contributing to the betterment of human health condition,
community, and global trade.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- End-user
-
- Automotive
- Consumer Goods
- Packaging
- Others
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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market opportunities and develop effective strategies to optimize
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With over 500 specialized analysts, Technavio's report library
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Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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