Global Injection Molding Machine Market Report 2022: On The Rise

Dublin, Nov. 24, 2022 (GLOBE NEWSWIRE) — The “Global Injection Molding Machine Market by Machine Type (Hydraulic, All-Electric and Hybrid), Clamping Force (0-200, 201-500 and above 500 ), Product Type (Plastics, Rubber, Metals), End-Use Sector (Automotive, Packaging) and Region – Forecast to 2027″ has been added to the report ResearchAndMarkets.com offer.

The injection molding machine market is projected to reach USD 12.4 billion by 2027, a CAGR of 3.6% from USD 10.4 billion in 2022. Plastic molds are widely used in the healthcare sector. For manufacturing, injection molding equipment is preferred because it produces parts with a high degree of precision, accuracy, and complexity at a low cost.

201-500 Tons Force Expected To Grow At Highest CAGR, Per Clamp Force, Over Forecast Period

The 201-500 ton-force segment accounted for the largest market share by value in 2021 and is expected to experience the highest CAGR during the forecast period. This high growth is due to growing demand for medium-sized molded parts from major end-use industries such as automotive, packaging, consumer goods, and electrical and electronics. Medium-sized injection molding machines are mainly machines with a clamping force of 201-500 tons of force. Machine types such as hydraulic, all-electric, and hybrid are all available with a force of 201-500 tons. These machines are mainly used for medium sized molded parts used in automotive, packaging and consumer goods applications.

The plastic product type is expected to grow at the highest CAGR during the forecast period

The market for plastic product injection molding machines accounted for the largest by value, in 2021. Injection molding is the manufacturing process for producing plastic parts from thermoplastic and thermoset materials with precision and reduced waste in a short time. The most commonly used plastics in the injection molding process are polypropylene, polystyrene, polyethylene, polycarbonate, ABS, nylon and unsaturated aliphatic polyesters. Plastic products, which are manufactured using injection molding machines, are usually high-grade raw materials which ensure their superior quality. The injection molding process for plastic products involves feeding and heating the polymer, then compressing it using pressure to force it into the mold. This process is very fast and complicated. Despite expensive tooling costs, injection molding is the preferred manufacturing process for mass production of plastics. Injection molding machines are used to produce various plastic products in daily life such as bottles, chairs, telephone receivers, electrical switches, car bumpers, dashboards, syringes, disposable razors and toys.

Hydraulic Injection Molding Machine Is The Biggest Machine Type For Injection Molding Machine Market 2021

The hydraulic injection molding machine is the most popular type of machine, mainly due to its long life and wide range of applications in the automotive, packaging and consumer goods industries. The variable displacement pump and a fixed speed three-phase motor make up the hydraulic injection molding machine. Hydraulic injection molding machines have a long life, large driving distance and lower maintenance needs. The production cycle time is greatly reduced with the help of this type of machine. For large molded parts the high tonnage hydraulic machine is mainly used. This machine is mainly used for producing high precision plastic components such as consumer goods, electrical and electronic items, automotive parts, caps and closures, and medical supplies.

Market dynamics

Drivers

  • High demand from the packaging industry
  • Growing awareness of energy saving
  • Automotive sector growth to drive demand for large plastic molds
  • Increased demand for consumer electronics
  • Developments in injection molding technology

Restrictions

  • High initial and maintenance costs of the machines

Chance

  • Growing demand from the healthcare sector
  • Increasing demand for large tonnage injection molding machines
  • Increasing trend in electric vehicles to increase the demand for injection molds

Challenges

  • High pressure heating and plumbing
  • Less economical for small production capacities

Main topics covered:

1. Introduction

2 Research methodology

3 Executive Summary

4 premium insights

5 Market overview

6 industry trends

7 Injection Molding Machine Market, by Product Type

8 Injection Molding Machine Market, by Machine Type

9 Injection molding machine market, by end-use sector

10 Injection Molding Machine Market, by clamp force

11 Injection Molding Machines Market, by Region

12 Competitive landscape

13 company profiles

14 Adjacent and related markets

15 Appendix

Companies mentioned

  • Haitian International Holdings Limited
  • Sumitomo Heavy Industries Limited
  • Japan Steel Works Ltd.
  • Chen Hsong Holdings Limited
  • Hillenbrand, Inc.
  • Nissei Plastic Industrial Co., Ltd.
  • Engel Austria GmbH
  • Arburg GmbH & Co.Kg
  • Injection Molding System Husky Ltd.
  • Kraussmaffei Group GmbH
  • Fanuc company
  • Dongshin Hydraulics Co., Ltd.
  • Niigata Machine Techno Company, Ltd.
  • Huarong Plastic Machinery Co., Ltd.
  • Fu Chun Shin Machinery Manufacture Co., Ltd.
  • Shibaura Machine (Toshiba Machine Co., Ltd.)
  • Oima Srl
  • RP Injection Srl
  • Toyo Machinery & Metal Co., Ltd.
  • Boco Pardubice Machines SRO
  • Mitsubishi Heavy Industries Plastic Technology Co., Ltd.
  • Woojin Plaimm Co., Ltd.
  • Borche North America Inc.
  • Multiplas Engineering Co., Ltd.
  • Mold Hotrunner Solutions Ltd.
  • Dr. Boy GmbH & Co.Kg

For more information about this report, please visit https://www.researchandmarkets.com/r/8w38lk

  • Global market for injection molding machines

 
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