Global Injection Molding Machine Market was valued at USD 18.22 Billion in 2018 and is analyzed to expand to USD 23.26 Billion by the end of 2026. The market is expected to register a CAGR of 3.1% during the forecast period 2018 to 2026. Injection molding machine is used to manufacture products made out of glass, ceramic, metal or rubber. The machine consists of two units namely, the clamping unit and the injection unit. The machine offers high levels of accuracy, flexibility, efficiency, energy saving and speed to the manufacturers.
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Injection Molding Machine Market Dynamic
The global Injection Molding Machine market is driven owing to the high demand from the packaging and consumer goods industry globally and automotive industry in the APAC region coupled with the advancements in injection molding technology thereby leading to high energy saving. However, high hydraulic and heating pressure requirements as well as the machine being less economical for small manufactures hinder the market growth.
Injection Molding Machine Market Insight
Asia Pacific dominated the global Injection Molding Machine market due to high demand from the automotive industry as well as the consumer goods and packaging industries. North America and Europe are the second and third largest markets respectively for Injection Molding Machine market.
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Leading Injection Molding Machine Market Players
Arburg GmbH & Co. KG
Haitian International Holdings Limited
Engel Austria GmbH
Chen Hsong Holdings Limited
Milacron Holdings Corp.
Sumitomo (SHI) Demag Plastics Machinery GmbH
Nissei Plastic Industrial Co. Limited
Husky Injection Molding Systems Ltd.
Toyo Machinery & Metal Co. Ltd.
Injection Molding Machine Market Segmentation
The global Injection Molding Machine market is segmented into product, machine type, end-users and region. On the basis of the product the market is further bifurcated into rubber, metal and plastic. On the basis of machine type, the global Injection Molding Machine market is categorized into hydraulic, all-electric, and hybrid. In addition, the global Injection Molding Machine market is classified on the basis of end-users into automotive, packaging, consumer good and others. Based on the geography the market is further segregated into North America, Latin America, Europe and Asia Pacific.
Injection Molding Machine Market Competitive Landscape
The major players associated with the global Injection Molding Machine market are Arburg GmbH & Co. KG, Haitian International Holdings Limited, Engel Austria GmbH, Chen Hsong Holdings Limited, Milacron Holdings Corp., Sumitomo (SHI) Demag Plastics Machinery GmbH, Nissei Plastic Industrial Co. Limited, Husky Injection Molding Systems Ltd., and Toyo Machinery & Metal Co. Ltd. among others.
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