San Francisco, 25 January 2019: 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.
Browse more reports of this category by Grand View Research
at: www.grandviewresearch.com/industry/micro-molding-and-microspheres
Grand View Research has segmented the
global injection molding machine market on the basis of material, technology,
end use and region:
Injection Molding Machine Material Outlook
(Revenue, USD Billion, 2014 - 2025)
·
Plastic
·
Metal
Injection Molding Machine Technology Outlook
(Revenue, USD Billion, 2014 - 2025)
·
Hydraulic
·
Electric
·
Hybrid
Injection Molding Machine End Use Outlook
(Revenue, USD Billion, 2014 - 2025)
·
Automotive
·
Consumer Goods
·
Packaging
·
Electronics
·
Others
Injection Molding Machine Regional Outlook
(Revenue, USD Billion, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
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.