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 industrialization in growing economies like China,
India & Thailand and increasing demand for plastic molds in electric
vehicles will drive the injection molding machine market.
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through 281 market data tables with 67 figures and an in-depth TOC of the report,
“Injection Molding Machine Market – Global Forecast to 2025”.
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“All-Electric injection molding machine is projected to be fastest growing machine type for injection molding machine market between 2020 and 2025”
All-electric injection molding machine utilizes electric servo motor powering gears, racks, and ball screws to drive most of the machine functions. All-electric presses are noiseless faster, and more accurate as compared to other types of injection molding machines; however, the machine is more expensive. Since servo motors run all-electric injection molding machines, they require power only when they are in operation. All-electric injection molding machine can save up to 50–70% energy as compared to hydraulic injection molding machine. All-electric injection molding machine is currently the most preferred machine type owing to its lower use of chilled water, decreased housekeeping and preventive maintenance, less energy and oil consumption, and lower repair rate. Thus, All-Electric injection molding machine is the fastest growing segment during the forecast period.
“Plastic
is projected to be largest growing product type for injection molding machine market
between 2020 and 2025”
Injection molding is the manufacturing process for making plastic parts and products from thermoplastics and thermosetting materials. Commonly used plastic in the injection molding process are nylon, polypropylene, polystyrene, polyethylene, and unsaturated polyesters. Plastic products are manufactured using high-quality raw materials that ensure their superior quality. The injection molding process for plastic products involves heating the polymer until it is liquid and then using pressure to force it into the mold. The process is very fast and complicated. In spite of expensive tooling cost, injection molding is the most popular manufacturing process for mass production of plastic materials. Injection molding machines are used to produce various plastic products such as power-tool housing, telephone handsets, electrical switches, car bumpers, dashboards, syringes, disposable razors, and bottle lids/closures.
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“201–500 ton-force is projected to be largest clamping force segment for
injection molding machine market between 2020 and 2025”
The clamping force of 201–500 ton-force is
mainly used in medium-sized injection molding machines. Machine types such as
hydraulic, all-electric, and hybrid are available in 201–500 ton-force. The
201–500 ton-force is the largest and fastest
growing clamping force segment in
this market. The high growth is
attributed to the rising demand for medium-sized molded parts from major
end-use industries such as automotive, packaging, and consumer goods.
“Healthcare
is projected to be the fastest growing end-use industry in injection molding
machine market between 2020 and 2025.”
Injection
molding machines are preferred for manufacturing medical products, as these
machines offer high precision, accurate, and complex injection molded parts.
These machines have application in surgical and medical devices such as
syringes, vials, medical instruments, inhalers, cannulated, medicinal
connectors, air systems, and prescription bottles. The outbreak of coronavirus
across the globe has highlighted the healthcare industry. Due to explosive
surge in the number of Covid-19 cases, the demand for medical equipment like
syringes, air systems, and other medical instruments increased exponentially.
Countries such as India and China, became
the hub for manufacturing and meeting the demand for all these equipment across
the globe.
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APAC projected
to be fastest growing region for the injection
molding machine market during the forecast period
The
APAC comprises major emerging nations such as China and India. Hence, the scope
for the development of most industries is high in this region. The injection
molding machine market is growing significantly and offers opportunities for
various manufacturers. The APAC region constitutes approximately 61.0% of the
world’s population, and the manufacturing and processing sectors are growing
rapidly in the region. The APAC is the largest injection molding machine market
with China being the major market which is expected to grow significantly. The
rising disposable incomes and rising standards of living in emerging economies
in the APAC are the major drivers for this market.
The
increasing population in the region accompanied with development of new
technologies and products are projected to make this region an ideal
destination for the growth of the injection molding machine market. However,
establishing new plants, implementing new technologies, and creating a value
supply chain between raw material providers and manufacturing industries in the
emerging regions of the APAC are expected to be a challenge for industry
players as there is low urbanization and industrialization. Booming automotive,
consumer goods and packaging sectors and advances in process manufacturing are
some of the key drivers for the market in the APAC. Countries such as India,
Indonesia, and China are expected to witness high growth in the injection
molding machine market due to the increasing demand from the automotive
industry.
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The key
market players profiled in the report include Haitian International Holdings Limited
(China), Chen Hsong Holdings Limited (China), Sumitomo Heavy Industries Ltd.
(Japan), Engel Austria GmbH (Austria), Hillenbrand, Inc. (US), Arburg GmbH + Co
KG (Germany), Nissei Plastic Industrial Co., Ltd. (Japan), Husky Injection
Molding Systems Ltd. (Canada), KraussMaffei Group GmbH (Germany), Dongshin
Hydraulics Co., Ltd.(South Korea), Niigata Machine Techno Company, Ltd.
(Japan), Huarong Plastic Machinery Co., Ltd. (Taiwan), Fu Chun Shin Machinery
Manufacture Co., Ltd. (Taiwan), Shibaura Machine(Japan), Oima Srl (Italy), R.P.
Injection Srl (Italy), Toyo Machinery & Metal Co., Ltd.(Japan) , Boco
Pardubice Machines S.R.O.( Czech Republic) , Mitsubishi Heavy Industries Plastic
Technology Co., Ltd. (Japan) , Woojin Plaimm Co., Ltd. (South Korea), Borche
North America Inc. (California), Multiplas Enginery Co., Ltd.( Taiwan), Mold
Hotrunner Solutions Ltd. (California) , Dr. BOY GmbH & Co. KG(Germany) and SMF Maschinenfabrik GmbH (Germany).
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