The global plastic injection molding machine market size is expected to reach USD 11.73 Billion in 2028 registering a CAGR of 3.1% over the forecast period, according to a latest report by Reports and Data. Major factor driving market revenue growth are increasing plastic injection molding machine demand from the packaging, medical, and electronics sectors along with the rising need for replacements in the automotive industry.
By pumping molten materials into a mold, an injection molding machine creates pieces. Injection molding is an important part of the plastic processing industry since it is a good way to mass produce complex shapes. Metals (also known as die-casting), glasses, elastomers, and confections are the most widely utilized materials, with thermoplastic and thermosetting polymers being the most common. An injection molding machine can produce a wide range of product sizes, from the smallest component to the full car body. Furthermore, injection molding is the most widely used modern way of producing plastic parts.
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Some of the major key companies operating in the global Plastics Injection Molding Machine Market Report include
Toshiba, Windsor, Electronica, Engel, JH-Welltec Machines, Tederic, Arburg GmbH Co., Haitian International Holdings Limited, Chen Hsong Holdings Limited, Sumitomo, Milacron Holdings Corp., Nissei Plastic Industrial Co. Limited and Husky Injection Molding Systems Ltd.
Market Dynamics:
The materials and chemicals market revenue has expanded significantly over the years and is expected to register robust revenue growth over the forecast period. Technological advancements, rising investments in research and development activities, increasing demand for raw materials in various sectors such as manufacturing, agriculture, food and beverage, pharmaceutical and biotechnology is boosting market growth. In addition, changes in consumer preference, rising disposable income especially in the developing economics, rising funds by several public and private organizations, and increasing demand for biodegradable products are factors boosting market growth.
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Key objectives of the report:
- Historical and forecast revenue of the key segments, products, applications and detailed analysis of the regions in the market
- Production capacity, revenue, pricing structure, market share, and CAGR.
- To offer insights about current market position, forecast estimation, competitive landscape and research and development activities
Furthermore, the report offers insights of the market segments based on product type, applications, end users, and geographical regions.
- Market segment based on the Type:
- Electric Type
- Hydraulic Type
- Hybrid Type
Market segment based on End-user:
- Automotive
- Medical
- Food Beverage
- Consumer Goods
- Electronics Telecom
- Others
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Regional Outlook of Plastics Injection Molding Machine Market:
- North America (U.S., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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