Global Injection Molding Machine Market By Product Type (Plastic, Rubber, Metal, Ceramic, Others), Machine Type ( Hydraulic, All-Electric, Hybrid ), Clamping Force (0–200 Ton-Force, 201–500 Ton-Force, Above 500 Ton-Force), End-Use Industry (Automotive, Consumer Goods, Packaging, Healthcare, Electrical & Electronics)
Market Analysis: Global Injection Molding Machine Market
The global injection molding machine market is expected to reach USD 20.14 billion by 2025, from USD 16.83 billion in 2017 growing at a CAGR of 2.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Market Definition: Global Injection Molding Machine Market
Injection molding machine play out the injection shaping procedure, which is for the most part used to make plastic parts nonetheless, they can likewise be utilized to make items or parts made of different materials separated from plastic. The injection shaping procedure can be utilized to fabricate a wide assortment of parts or items, which may differ incredibly in their structures, measurements, and end-utilize applications. This machine liquefies the material to be infused into the forming mold, where the liquid material chills and sets, taking the state of the coveted segment. These machines are used in various industry including automotive, consumer goods, packaging, healthcare, electrical & electronics. According to India Brand Equity Foundation, production of passenger vehicles, commercial vehicles, three wheelers and two wheelers grew at 11.27% year on year between April and December 2017 to 21,415,719 vehicles. Moreover, the sales of passenger vehicles and two wheelers grew by 5.22% and 40.31% year on year respectively in December 2017. According to International Trade Association, U.S. light vehicle production reached almost 12 million passenger vehicles in 2016 and light vehicle sales reached 17.5 million units in 2016. This increasing trend in the automotive sector will generate the demand for the injection molding machine.
- Demand from the packaging sector
- Rising awareness about energy saving
- Growing automotive industry in developing countries
- Advancements in injection molding technology
- High heating and hydraulic pressure
- Less economical for small production capacities
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Market Segmentation: Global Injection Molding Machine Market
By Product Type
By Machine Type
- Hydraulic Injection Molding Machine
- All-Electric Injection Molding Machine
- Hybrid Injection Molding Machine
By Clamping Force
- 0–200 Ton-Force
- 201–500 Ton-Force
- Above 500 Ton-Force
By End-Use Industry
- Consumer Goods
- Electrical & Electronics
Competitive Landscape: Global Injection Molding Machine Market
The global injection molding machine market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of spray adhesives market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. In, July 2018, Engel Group launched the LIT Pilot Factory in collaboration with partners in Austria. This will create new possibilities under practical conditions, gather experience together with our partners, continue researching the challenges of horizontal networking, and develop new solutions.
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