Injection Molding Machines Market Forecast 2022-2027: Size, Trends, Share, Global Industry Growth

The latest research studyinjection molding machine market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” by IMARC Group, finds that the global injection molding machine market size reached US$10.54 billion in 2021 . IMARC Group expects the market to reach a value of US$14.56 billion by 2027 growing at a CAGR of 5.35% during the period 2022-2027.

Impact of Covid-19:

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Industry definition and application:

Injection molding machines (IMM), also known as injection presses, are machines used to mass-produce identical parts or items. They work by injecting molten materials, such as glass, metal, elastomers and thermoplastic polymers, into custom molds. They offer flexibility, improved accuracy, superior strength, durability and customization. They are widely used to make electrical switches, automotive bumpers, disposable razors, power tool cases and syringes. As a result, injection molding machines find many applications in various industries including automotive, consumer goods, medical, packaging, and electronics.

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Injection Molding Machine Market Trends and Drivers:

The global injection molding machine market is primarily driven by the growing adoption in various end-use sectors for manufacturing precise polymer components with complex shapes. Additionally, there has been widespread adoption of products to produce large volumes of medical supplies, such as air systems and syringes, amid the recent coronavirus disease (Covid-19) outbreak.

Also, the growing popularity of fully electric injection modeling machines due to their minimum power consumption, increased accuracy, high speed, reusability and low maintenance is positively influencing the growth of the market. Additionally, recent technological advancements, such as the integration of Information and Communication Technology (ICT) and Internet of Things (IoT) solutions to improve overall product quality and manufacturing processes, propelled the growth of the market.

Other factors including the launch of innovative automated machines, rapid industrialization, and ongoing research and development (R&D) activities are also expected to create favorable market outlook.

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Scope of the Injection Molding Machines Market Report
Report cover	Details
Market size value in 2021	US$10.54 billion
Market forecast in 2027	US$14.56 billion
Rate of growth	CAGR of 5.35% from 2022 to 2027
Base year for the estimate	2021
Historical data	2016-2021
Forecast period	2022-2027
Report cover	Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
Segments Covered	Machine type, material and application
Regional scope	North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Profiled Key Companies	Arburg GmbH + Co. KG, Chen Hsong Holdings Limited, Engel Holding Gesellschaft mbH, Haitian International, Japan Steel Works Ltd., KraussMaffei (China National Chemical Corporation), Milacron Holdings Corp. (Hillenbrand Inc.), Nissei Plastic Industrial Co. Ltd. ., Shibaura Machine Co. Ltd., Sumitomo Heavy Industries Ltd., Toyo Machinery & Metal Co. Ltd. and Ube Machinery Corporation Ltd. (Ube Industries Ltd.).
Market dynamics	Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,
Personalization area	If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Report segmentation:

The report has segmented the market into the following categories:

Breakdown by type of machine:

• Hydraulic

• Electric

• Hybrid

Breakdown by material:

• Plastics

• Metals

• Others

Breakdown by application:

• Automotive

• Consumer goods

• Packaging

• Electronic

• Others

By geography:

• North America

oh United States

oh Canada

• Asia Pacific

oh China

oh Japan

oh India

oh South Korea

oh Australia

oh Indonesia

oh Others

• Europe

oh Germany

oh France

oh UK

oh Italy

oh Spain

oh Russia

oh Others

• Latin America

oh Brazil

oh Mexico

oh Others

• Middle East and Africa

List of major key players:

The major market players are Arburg GmbH + Co. KG, Chen Hsong Holdings Limited, Engel Holding Gesellschaft mbH, Haitian International, Japan Steel Works Ltd., KraussMaffei (China National Chemical Corporation), Milacron Holdings Corp. (Hillenbrand Inc.), Nissei Plastic Industrial Co. Ltd., Shibaura Machine Co. Ltd., Sumitomo Heavy Industries Ltd., Toyo Machinery & Metal Co. Ltd. and Ube Machinery Corporation Ltd. (Ube Industries Ltd.).

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