According to the new market research report “Injection Molding Machinery- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Injection Molding Machinery market size is projected to reach USD 10.75 billion by 2030, at a CAGR of 1.7% during the forecast period.
- Global Injection Molding Machinery MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Injection Molding Machinery- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Injection Molding Machinery perform the injection molding process, which is generally used to manufacture plastic parts; however, they can also be employed to manufacture products or parts made of various other materials apart from plastic. The injection molding process can be employed to manufacture a wide variety of parts or products, which might vary greatly in their structures, dimensions, and end-use applications. The Injection Molding Machinery melts the material to be injected into the shaping mold, where the molten material cools off and solidifies, taking the shape of the desired component.
- Global Injection Molding Machinery Top21Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Injection Molding Machinery- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Injection Molding Machinery include Haitian International, ENGEL, KraussMaffei, ARBURG, Sumitomo Heavy Industries, Fanuc, Yizumi, Husky, Milacron, Shibaura Machine, etc. In 2023, the global top 10 players had a share approximately 69.0% in terms of revenue.
Market Drivers:
The demand for plastic products across various industries, including automotive, packaging, consumer goods, and electronics, is a significant driver for the Injection Molding Machinery market. As industries expand and consumer preferences evolve, there is a continuous need for efficient and high-volume production of plastic components. Ongoing technological advancements in Injection Molding Machinery, such as the development of more efficient and precise machines, automation, and Industry 4.0 integration, drive market growth. Manufacturers are adopting technologies that enhance production speed, reduce waste, and improve overall efficiency.
Restraint:
Economic uncertainties, geopolitical tensions, and other global factors can create an environment of uncertainty, affecting investment decisions by manufacturers and slowing down capital expenditure on Injection Molding Machinery. Certain industries, such as automotive and construction, have cyclical demand patterns. During economic downturns or industry-specific downturns, there can be a decrease in demand for Injection Molding Machinery as production volumes decline.
Opportunity:
Industries, particularly automotive and aerospace, are increasingly focused on producing lightweight and complex components to improve fuel efficiency and performance. Injection molding allows for the production of intricate and lightweight parts, contributing to its growing adoption. The trend toward product customization and the need for rapid prototyping has influenced the Injection Molding Machinery market. Machinery that allows for quick tool changes and flexibility in production setups is becoming more popular. The Injection Molding Machinery market has seen growth in emerging economies as manufacturing activities continue to expand globally. Market players are exploring opportunities in regions with increasing industrialization and demand for plastic products.
About The Authors
| Jiquan Zhai - Lead Author |
| Email: zhaijiquan@qyresearch.com |
| Tel: 17319264309 |
About QYResearch
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