The Report Injection Molding Machine Market Size, Share & Trends Analysis Report
By Materials (Plastic, Metal), By Technology (Hydraulic, Electric), By End Use
(Automotive, Consumer Goods), And Segment Forecasts, 2018 - 2025
The global injection molding machine
market size is anticipated to be valued at USD 22.45 billion by 2025,
according to a new report by Grand View Research, Inc. It is projected to
expand at a CAGR of 3.5% over the forecast period. Growing demand for
lightweight and complex automotive and electronic components is projected to
enhance the requirement for Injection Molding Machines (IMM).
Rising
industrialization, technological developments, rapid urbanization, and growth
in infrastructure are anticipated to augment demand for IMM. Increasing mass
production in automotive, consumer goods, and electronics industries are
expected to propel the global injection molding machine market over the
forecast period.
On the basis of
materials, IMM market is segmented into plastic and metal injection molding
machines. In terms of revenue, the plastic segment valued at USD 12.99 billion
in 2017. It is projected to hold the largest market share over the forecast
period.
Automotive segment was
valued at USD 4.97 billion in 2017 and is projected to register significant
expansion in the forthcoming years. Injection molding machines find a range of
applications in automotive industry. They are used to manufacture the most complex
and critical parts including interior and exterior trim components, electronic
subassemblies, and under-hood application components. Consumable goods are
among the largest segment where IMMs are used to manufacture personal hygiene
products, housewares, cosmetics, and convenience goods.
In terms of technology,
electric injection molding machine market accounted for USD 5.8 billion in 2017
and is anticipated to witness robust growth over the forecast period. High
adoption of electric injection molding machine for diverse applications across
electronics, packaging, and healthcare industries is likely to boost the demand
over the forecast period. In 2017, the electrically operated machines segment
accounted for around 34.00% of the global injection molding machine market
share. High adoption of technology coupled with production costs of these
manufacturing processes over the existing processes is projected to encourage
market growth.
Access Research Report of Injection
Molding Machine Market @ www.grandviewresearch.com/industry-analysis/injection-molding-machine-market
Further key findings from the report suggest:
· The U.S. injection molding machine market
revenue is projected to expand at a CAGR of 1.10% over the forecast period.
U.S. is among the largest consumer compelled by demand for lightweight and
complex components from automotive sector
· Germany is projected to grow over USD 2.23
billion over the forecast period. Presence of advanced infrastructure and
technology, R&D initiatives, and highly skilled workforce are expected to
drive the growth
· China is the largest market for injection
molding machine in Asia Pacific and is anticipated to reach USD 3.71 billion in
2025. The country has the largest population in the world and rapidly growing
automotive and electronics industries resulting largest market share in the
region
· Key market participants include Chen Hsong
Holdings Limited, Engel Austria GmbH, Arburg GmbH & Co. KG, Milacron
Holdings Corp., Sumitomo (SHI) Demag Plastics Machinery GmbH, Haitian
International Holdings Limited, Nissei Plastic Industrial Co. Limited, and
Husky Injection Molding Systems Ltd.
Access Press Release of
Injection Molding Machine Market@ www.grandviewresearch.com/press-release/global-injection-molding-machine-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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