Global Injection Molding Machine Market: Demand Analysis and Growth Forecast
As per the findings of a newly published market research report by IndustryARC, the global injection molding machine market size was around $15 billion – $17 billion in 2018, and its market share value is estimated to grow at a CAGR of nearly 2.8% – 3.2% during the forecast period 2019-2025. The information is revealed in a new business intelligence report from IndustryARC, titled Injection Molding Machine Market. This report covers Injection Molding Machine Market Size by Product and applications, Injection Molding Machine Market share by top 5 companies and also the market share by start-ups during the forecast period
In the current plastic world, injection molding machine market offerings have become a prominent choice for manufacturers to obtain ideal performance of components. Injection molding is most adaptable among other molding processes to create various parts with diverse range of size and shape, and unique features. It is a best-suited solution for producing high volumes of precise parts. All-Electric hydraulic injection molding, and hybrid injection molding machines uses thermoplastic polyesters such as polybutylene terephthalate, polyethylene terephthalate and thermosets in numerous industries such as automotive, consumer goods, packaging, healthcare, and in electrical & electronics industry.
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Global Injection Molding Machine Market: Leading Segments
Automotive industry holds the major market share in the injection molding machine market and is projected to grow at a CAGR of 3% over the forecast period 2019-2025. Effective footprints of these machines for their quality control in producing plastic components, transparent technical parts and trim parts of the vehicle interior are impacting the growth of automotive industry end use segment. On the basis of geographical analysis provided in the IndustryARC market research report, Asia-Pacific region dominated the demand of around 36% – 37% among other regions of injection molding machine market in 2018. Engel Austria GmbH’s investment of $13 million in plant expansion of injection molding machine in China coupled with emerging automotive industry in this region is impacting APAC to retain its dominating share over the forecast period. Approximately, 90% of the machines sold for medical and electronic applications in APAC are supplied from China and South Korea.
Global Injection Molding Machine Market Trends
Incessant demand for specific packaging of bottled water, pharmaceuticals, and food products.
Growing demand for metal injection molding hybrid technology from the medical and orthodontics industries is driving the injection molding machine market.
Continuous and repetitive production of defect free products coupled with high level customization related to interior, exterior, powertrain, seat and electronics of a vehicle are increasing the demand for automotive body products from final assembly company
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Global Injection Molding Machine Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority injection molding market shares are GSH Industries, SolmserKunststofftechnik GmbH & Co. KG, The Japan Steel Works, Ltd, Sumitomo Heavy Industries Ltd., Husky Injection Moldings Systems Ltd, Arburg GmbH & Co. KG, Engel Austria GmbH, Haitian International Holdings Limited,Milacron Holdings Corp, and Nissei Plastic Industrial Co. Limited.
Engel Austria GmbH is planning to complete the installation of new 2-component injection molding system in 2019 at the Aachen Center for Integrative Lightweight Production of RWTH Aachen University. It was aimed to develop efficient lightweight products using light weight composite technologies
Powder Injection Molding (PIM) Market:
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