"We Envision Growth Strategies Most Suited
to Your Business"
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:
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.
List of Key Players Covered in this Market Report:
Further Report Findings:
Table of Segmentation
Value (USD Billion)
By Product Type
By Machine Type
By Clamping Force
By End-Use Industry