Injection molding machine market size worth $20.0 billion by 2028: Grand View Research, Inc.

SAN FRANCISCO, February 16, 2022 /PRNewswire/ — The Global injection molding machine market the size should reach $20.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 4.5% from 2021 to 2028. The growing demand for lightweight and complex components in the automotive and electronics industry is expected to increase the growth of the industry over the years.

Main information and conclusions of the report:

  • The plastic injection molding machinery segment is expected to grow at a CAGR of 4.6% from 2021 to 2028 owing to a strong shift from metal parts to plastic components in the automotive industry.
  • The hydraulic injection molding machine segment accounted for 45.2% of the overall market in 2020 owing to the growing demand for heavy and complex parts in industries such as automotive, marine, defense and aerospace.
  • The automotive end-use industry is estimated to witness a CAGR of 4.4% during the forecast period owing to wide usage in the production of auto parts such as interior trim components and exterior, electronic subassemblies and other underhood applications.
  • Germany accounted for 35.1% of European market revenue, due to the presence of state-of-the-art infrastructure and technology, R&D initiatives and facilities, and a highly skilled workforce.
  • The pandemic has caused unprecedented supply chain disruptions, prompting manufacturers to shift to localized manufacturing, boosting the injection molding market.

Read the 138-page market research report, “Injection Molding Machines Market Size, Share & Trend Analysis Report By Material (Metal, Plastic), By Technology (Hydraulic, Electric), By End Use (Automotive, Consumer Goods, Packaging) , by Region and Segment Forecast, 2021-2028“, published by Grand View Research.

Injection molding machine market growth and trends

The COVID-19 pandemic has caused unprecedented supply chain disruptions, leading to heavy losses for the market. However, the demand for PPE and medical equipment has created an upsurge in injection molding machines and accelerated the use of automation with a focus on reducing production cycle time and increasing of productivity.

The demand for electric injection molding machines is increasing due to factors such as greater cleanroom suitability and reduced downtime. With companies focusing on environment-friendly manufacturing, the demand for electric injection molding machines that increase energy saving is expected to increase over the forecast period.

Major players in the market have invested heavily in research and development operations in recent years, which has led to the introduction of several innovative technologies including gas-assisted injection (GIT) molding, foam injection molding and multi-component injection molding which can be used in the whole market.

Segmentation of the injection molding machine market

Grand View Research has segmented the global injection molding machine market on the basis of material, technology, end-use, and region:

Injection Molding Machines Market Materials Outlook (Revenue, USD Million, 2017-2028)

Injection Molding Machine Market Technology Outlook (Revenue, USD Million, 2017-2028)

  • Hydraulic
  • Electric
  • Hybrid

Injection Molding Machines Market End-Use Outlook (Revenue, USD Million, 2017-2028)

  • Automotive
  • Consumer goods
  • Packaging
  • Electronic
  • Others

Injection Molding Machines Market Regional Outlook (Revenue, USD Million, 2017-2028)

  • North America
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • Denmark
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • Taiwan
    • South Korea
  • Central & South America
  • Middle East & Africa

List of Major Players of Injection Molding Machines Market

  • Arburg GmbH + Co KG
  • Haitian International Holdings Limited
  • milacron
  • Nissei Plastic Industrial Co., Limited
  • Engel Austria GmbH
  • Sumitomo (SHI) Demag Plastics Machinery GmbH
  • Chen Hsong Holdings Limited
  • Toyo Machinery & Metal Co., Ltd.
  • Husky Injection Molding Systems Ltd.
  • Japan Steel Works Limited
  • KraussMaffei Group
  • UBE machinery
  • Toshiba Machine Co., Ltd.
  • Wittmann Battenfeld
  • Hillenbrand, Inc.

Discover other studies published by Grand View Research:

  • metal injection molding marketThe size of the global metal injection molding market is expected to reach $6.52 billion by 2025, at a CAGR of 11.9% over the forecast period, according to a new report from Grand View Research, Inc. Growing demand for small components in automotive, consumer products and medical equipment is expected to propel the demand market in the coming years.
  • sorting machine market – The global sorting machine market size is expected to reach $6.10 billion by 2028, registering a CAGR of 5.9% over the forecast period, according to a new report from Grand View Research, Inc. expected to complement market growth.

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About Grand View Research

Grand View Research, a US-based market research and consulting firm, provides syndicated and custom research reports and consulting services. Checked in California and whose head office is at San Francisco, the company has more than 425 analysts and consultants, adding more than 1,200 market research reports to its extensive database each year. These reports offer in-depth analysis of 46 industries in 25 major countries around the world. Using an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and assess upcoming opportunities.

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