Injection Molding Machine Market by Machine Type, Clamping Force, Product Type, End-Use Industry and Region - Global Forecast to 2025
MarketsandMarkets: The Injection Molding Machine Market is projected to reach USD 12.3 billion by 2025, at a CAGR of 3.6% from USD 10.3 billion in 2020. An injection molding machine is used for manufacturing products made up of plastics, rubber, metal, and ceramic. It consists of two main parts - an injection unit and a clamping unit. The injection unit is like an extruder, whereas the clamping unit is concerned with the operation of the mold. Injection molding machines can fasten the molds either at the horizontal or the vertical position. There are three types of injection molding machines - hydraulic injection molding machines, all-electric injection molding machines, and hybrid injection molding machines. Hydraulic injection molding machine is the largest type segment of the injection molding machine market. APAC was the largest market for synthetic leather in 2019, in terms of both volume and value. Factors such as growing demand from healthcare industry, rapid industrializa...