The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

During the projected period, the expanding electronics sector is expected to drive innovation in injection moulding machine manufacture, hence driving the market.

The global injection molding machine market is expected to grow from $12.38 billion in 2022 to $13.14 billion in 2023 at a compound annual growth rate (CAGR) of 6.2The global injection molding machine market size is expected to reach $16.12 billion in 2027 at a CAGR of 5.2%.

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Global Injection Molding Machine Market Segments Include:

• By Technology: Hydraulic, Electric, Hybrid
• By Clamping Force: Less Than 200 Tons Force, 200-500 Tons Force, More Than 200-500 Tons Force
• By Material: Plastic, Rubber, Metal, Ceramic, Other Materials
• By Pressure Type: Low Pressure, High Pressure
• By Application: Automotive, Packaging, Healthcare, Consumer Goods, Toy Making, Building And Construction, Home Appliances, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global injection molding machine market in 2021.

Major Market Players in the injection molding machine market include Arburg GmbH + Co KG, Haitian International Holdings Limited, Milacron Holdings Corp., Nissei Plastic Industrial Co. Limited, Engel Austria GmbH, Sumitomo (SHI) Demag Plastics Machinery GmbH, Chen Hsong Holdings Limited.

Technological developments are a common trend in the injection moulding machine market. To maintain their market position, major businesses in the injection moulding machine market are embracing new technologies. For example, LS Mtron Ltd., a South Korean medical device maker, will unveil the latest artificial intelligence (AI)-based smart injection moulding technology in April 2022. It has two technical features: ‘AI Moulding Assistant’ and ‘Smart Weight Control’. The AI moulding assistant shortens and stabilises the initial moulding setup process, whereas smart weight control is connected with the injection moulding machine’s software and aids in the detection of weight variations in products.

The Injection Molding Machine Global Market Report 2023  provides a injection molding machine market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The injection molding machine market forecast analyzes injection molding machine market size, injection molding machine market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

An injection moulding machine is a machine used to make plastic goods that includes a hopper, an injection unit, a clamping unit, and a control unit. It works by melting plastic pellets and injecting the molten plastic into a mould cavity to generate the required form.

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