Increasing demand for injection molding machines from various end users such as packaging, automobiles and others is driving market growth.
PORTLAND, OR, UNITED STATES, October 6, 2021 /EINPresswire.com/ – Injection molding machines are used to manufacture high-precision plastic parts. Injection molding machine is an ideal solution for manufacturing large quantities of plastic and rubber products. The growth of the global plastic injection molding machine market is being driven by the increasing demand for plastic products and rubber products from end users such as consumer products, automotive, toy manufacturing and packaging applications around the world.
The global plastic injection molding machine market was estimated at $ 8.3 billion in 2020 and is projected to reach $ 12.7 billion in 2030, an annual growth rate of 4.9%.
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Advantages associated with injection molding machines such as ease of use, robustness, high quality and higher manufacturing rates and fast production are spurring the growth of the global market for plastic injection molding machines. In addition, the growth of the automotive industry in emerging countries such as Brazil, Africa and India is increasing the demand for plastic components among various end users, thus driving the growth of the global market for plastic injection molding machines.
Key market segmentation
Plastic Injection Molding Machinery Market by Material (Polypropylene, Polyethylene, Thermoplastic Elastomer, Cyclic Olefin Copolymer, Acrylonitrile Butadiene Styrene, and Others), Application (Packaging, Closures, Medicine, PET Preforms, Automobile, and Others), Clamping Force (under 200.) Ton force, 200 tons to 500 tons force and more than 500 tons force), type (standard injection molding machine, multi-component injection molding machine and LSR injection molding machine) and operating mode (electric, hydraulic and hybrid))
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Top 10 leading players
ARBURG GmbH + Co KG
ENGEL Austria GmbH
Haitian International Holding Ltd
Husky injection molding systems
Krauss Maffei Group
Milacron Holdings Corp.
Shibaura Machine Co., Ltd.
Sumitomo Heavy Industries
The Japanese steel mill
Ube Industries, Ltd.
Main results of the study
The report provides a comprehensive analysis of current and emerging plastic injection molding machinery market trends and dynamics.
In terms of clamping force, the segment, which weighs more than 500 tons, recorded the highest sales in the market for plastic injection molding machines in 2020.
Depending on the type, the standard injection molding machine segment dominated the market for plastic injection molding machines in terms of sales in 2020.
By application, the Others segment had the highest sales in the plastic injection molding machine market in 2020.
Depending on the operating mode, the hydraulics segment dominated the market for plastic injection molding machines in terms of sales in 2020.
In terms of materials, the polyethylene segment recorded the highest sales in the plastic injection molding machine market in 2020.
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