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Injection Molding Machine Market to Rise at 4.1% CAGR till 2027; Increasing Preference for Machines with Strong Clamping Force in the SME Sector to Fuel Growth

October 27, 2020 | Machinery & Equipment

The global injection molding machine market size is projected to reach USD 20.49 billion by 2027 owing to extensive deployment of molding machines in the packaging industry, states Fortune Business Insights™ in its report, titled “Injection Molding Machine Market Size, Share and COVID-19 Impact Analysis, By Product Type (Plastic, Metal, Rubber, Ceramic, Others), By Machine Type (Electric, Hydraulic, and Hybrid), By Clamping Force (0 - 200 Ton Force, 201 - 500 Ton Force, and Above 500 Ton Force), By End-use Industry (Packaging, Automotive, Electronics and Telecommunication, Healthcare, Infrastructure, Others) and Regional Forecast, 2020-2027”. The report further states that the market value stood at USD 15.39 billion in 2019 and is expected to register a CAGR of 4.1% from 2020 to 2027.


The COVID-19 pandemic outbreak is anticipated to impede the injection molding machine market growth in 2020 and in the first few months of 2021 owing to the slowdown in manufacturing activities worldwide. Lockdowns, social distancing, and fears of catching the infection have kept workers away from plants and factories, which has led to widespread disruptions in production operations.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/injection-molding-machine-market-101389


Engel Inaugurates New Office in Belgium


In July 2020, Engel Austria, a pioneer in in injection molding equipment, opened its new sales and service office along with a training center in Oostakker near Ghent in Belgium. Part of its Engel Benelux locations, the decision for the new office was taken in the middle of the coronavirus pandemic, which has put severe restrictions on the movement of people and goods across Europe. The new office will also allow Engel to broaden its customer base in Western Europe. Moreover, with the launch of this office, Engel Benelux will be able to strengthen its support to local research projects and collaborate with industry and academia to develop new materials and technologies.


Growing Popularity of Hydraulic Injection Molding Machines to Boost the Market


Several manufacturers and owners of processing plants are increasingly investing in hydraulic injection molding machines owing to their considerable advantages. For example, hydraulic machines supply a greater clamping force compared to their hybrid or electric counterparts, which ensures that the different parts of the mold are held in place as the melted plastic or metal is poured in. This property is crucial for manufacturing precision devices, especially in the pharmaceutical, healthcare, and automotive industries. Furthermore, these machines have a long life because the high force they deliver necessitates them to have durable parts that last for a long period of time. Lastly, the most significant advantage of hydraulic injection molding equipment is that they carry a low initial investment, making them cost-effective in the long-run.  The downside of these machines is that since they use a large amount of force, they consume more energy and thus resulted in elevated electricity bills for the operator.


New Product Launches by Key Players to Spur Competition


With an eye to cement their foothold in this market, key players are constantly competing to release novel injection molding products. Their focus is on developing machines that can be automated with next-gen technologies such as artificial intelligence and machine learning and thus can perform efficiently in all aspects. Moreover, the expanding small & medium enterprise (SME) sector, particularly in emerging economies, is creating an enormous demand for medium-force electric and hybrid machines, an opportunity that companies in this market are aiming to capitalize.


Industry Development:



  • September 2019: Sumitomo Heavy Industries introduced SE30EV-A, the company’s newest fully-electric small injection molding machine. The innovative offering sports advanced features such as the low vibration “S-MOVE” mode, which make the machine precise, allow for a speedy setup, ensure stability, and reduce environmental loads.


List of Key Players Covered in this Market Report:



  • Ved Machinery (Maharashtra, India)

  • Husky Injection Molding Systems Ltd. (Caledon, Canada)

  • Arburg GmbH + Co KG (Loßburg, Germany)

  • Japan Steel Works, Ltd. (Tokyo, Japan)

  • Chen Hsong Holdings Limited (Tai Po, Hong Kong)

  • ELECTRONICA PLASTIC MACHINES LIMITED (Maharashtra, India)

  • Engel Austria GmbH (Schwartzberg, Austria)

  • NISSEI AMERICA, INC. (California, United States)

  • Sumitomo Heavy Industries, Ltd. (Tokyo, Japan)

  • Milacron Holdings Corp. (Ohio, United States)

  • Haitian International (Ningbo, China)


Further Report Findings:



  • The plastic segment dominated the market with a share of 30.8% in 2019 as this type of molding machines are widely utilized for making a variety of plastic end-use products for different industries.

  • Asia Pacific is expected to lead the injection molding machine market share during the forecast period on account of a strong presence of small equipment manufacturing companies. In 2019, the region’s market size stood at USD 6.01 billion.


Table of Segmentation














































ATTRIBUTES    



DETAILS        



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Billion)



Segmentation



By Product Type



  • Plastic

  • Metal

  • Rubber

  • Ceramic

  • Others



By Machine Type



  • Electric

  • Hydraulic

  • Hybrid



By Clamping Force



  • 0 - 200 Ton Force

  • 201 - 500 Ton Force

  • Above 500 Ton Force



By End-Use Industry



  • Packaging

  • Automotive

  • Electronics & Telecommunication

  • Healthcare

  • Infrastructure

  • Others (Consumer Goods, etc.)



By Region



  • North America (the U.S. and Canada)

  • Europe (Germany, the U.K., France, Italy, Spain, and the Rest of Europe)

  • Asia Pacific (China, Japan, India, Southeast Asia, and the Rest of Asia Pacific)

  • The Middle East & Africa (South Africa, GCC, and the Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico, and the Rest of Latin America)


Injection Molding Machines Market
  • PDF
  • 2019
  • 2016-2018
  • 120

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