"We Envision Growth Strategies Most Suited
to Your Business"
The global injection moulding machines market size was valued at USD 14.7 Billion in 2018 and is anticipated to reach USD 21.4 Billion by 2026. Fortune Business Insights in a new study, titled “Injection Moulding Machines Market Size, Share and Industry 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, IT & Telecommunication, Healthcare, Construction, Others) and Geography Forecast till 2026” highlights the injection molding machine market potential to rise in manufacturing industries. Consumers have been using such injection moulding machine systems over the past few years to manufacture products made from rubber, metal, and plastics among other materials.
The demand for different types of injection moulding machines is increasing. These include horizontal injection machine, two-color injection machine, vertical injection machine, and rotary machines. Manufacturers predominantly use these machines as they offer reliable and durable products to customers. Spurred by this factor, the injection moulding machine market is projected to expand considerably, especially in the manufacturing sector.
Rising demand for cost-effective products is expected to drive the market. This, along with the rising globalization, will give significant impetus to the injection moulding machines market growth. A lead analyst at Fortune Business Insights says, “The rising adoption of smart, advanced, and low-cost automated systems is significantly contributing to the growth of the market.’’
Market to Witnesses Higher Demand from the Service Core Industries
Industries such as healthcare, automotive, construction and others are likely to show increasing demand for injection molding machines. Among these, the demand from packaging and automobile sector is expected to increase at a robust pace. This is attributable to the rising adoption of plastic products for the sub-component/parts for the auto sector.
These two sectors are estimated to account for a considerable portion in the injection molding machines market share. Injection molding machines can produce effective packaging solutions with high accuracy and precision, especially in mobile phones and electronic items. Considering this, the demand for such products is increasing, which is expected to supplement the growth of the injection moulding machines market.
Recent technological advancements and introduction of energy-efficient machines are key factors positively impacting market growth. Moreover, recent developments associated with hybrid machines and rising demand for fully electric driven injection molding machines are projected to stimulate growth in the market during the forecast period. Furthermore, manufacturers around the world are increasingly becoming aware of energy-efficient solutions, which as a result is likely to surge the injection moulding machines market size.
Valued at USD 4.5 Billion in 2018, the Market in Asia Pacific is Likely to Dominate Until 2026
The demand for injection moulding machines is increasing in developing nations such as China and India. The growth is ascribable to the rising support from governments regarding heavy investments in packaging and automobile sectors.
This will further create several growth opportunities for the market in Asia Pacific. In addition to this, the production cost associated with materials in Asia Pacific is relatively low than in North America and Europe. Owing to these factors, the market is expected to witness growth in this region in the forecast years.
As per the report, the market was worth USD 4.5 Billion in 2018. Presence of several firms manufacturing injection moulding machines is further giving a boost to the growth of the market.
Following Asia Pacific, the second-largest regional market for injection moulding machines is in North America. In 2018, the market in this region was worth USD 3.3 Billion and is expected to grow moderately owing to the presence of recognized manufacturing companies, likely to foster the market revenue.
The report profiles some of the leading firms in the global injection moulding machines market. These include Japan Steel Works, Ltd., Haitian International, NISSEI AMERICA, INC., Ved Machinery, Arburg GmbH + Co KG, Milacron Holdings Corp., Husky Injection Molding Systems Ltd., Sumitomo Heavy Industries, Ltd., Engel Austria GmbH, and Chen Hsong Holdings Limited.
Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/injection-molding-machine-market-101389
The global injection molding machines market can be segmented into the following categories:
By Product Type
By Machine Type
By Clamping Force
By End Use Industry