-- According to a new report published by Allied Market Research, titled, “Injection Molding Machines Market by Clamping Force, Machine Type, Solution, Pressure Type, and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the global injection molding machines market size was valued at $10.89 billion in 2019, and is projected to reach $14.41 billion in 2027, growing at a CAGR of 5.7%.
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Injection Molding Machines Market by Clamping Force (Less Than 200 Tons Force, 200 Tons to 500 Tons Force, and More Than 500 Tons Force), Machine Type (All-electric, Hydraulic, and Hybrid), Solution (New Sales and Aftermarket), Pressure Type (Low Pressure and High Pressure), and Application (Automotive, Packaging, Electronics, Healthcare, Consumer Goods, Toy Making, Building and Construction, Home Appliances, and Others)
The various features of injection molding machines such as robustness, easy to operate, higher manufacturing rates and rapid production, and high-quality fuel the global injection molding machines market growth. In addition, there has been a rise in the automotive industry in emerging economies such as India, Brazil, and Africa, which further drive the demand for high-performance plastic components, thereby fueling the growth of the injection molding machinery market.
For instance, Brazilian automotive industry is expected to grow with 4.5% from 2017 to 2022. Further, these machines can yield efficient packaging with high accuracy for brittle and complex components such as consumer goods and electronics and mobile phones. Hence, the escalating adoption of these products is expected to add to the development of the industry. However, high threat of low volume, cost-effective substitutes such as urethane casting, 3D printing, thermoforming, and others is expected to hamper the growth of the industry.
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Key Players
The key players profiled in this report include ARBURG, ENGEL, Haitian International, Husky Injection Molding Systems, KraussMaffei Group, Milacron Holdings Corp., Nissei Plastic Industrial Co., Ltd., Sumitomo Heavy Industries, The Japan Steel Works, Ube Industries, Ltd., Shibaura Machine Co Ltd., Nigon Machines Ltd., and BMB s.p.A.
Geographic Review:
Region-wise, the injection molding machines market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (France, Germany, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). xx region is expected to dominate the railway maintenance machinery market.
Key Findings Of The Study
The report provides an extensive analysis of the current and emerging injection molding machines market trends and dynamics.
By clamping force, the more than 500 tons force segment registered the highest revenue in the market in 2019.
Depending on the machine type, the hydraulic segment dominated the injection molding machines market share, in terms of revenue in 2019.
By solution, the new sales segment registered the highest revenue in the market in 2019.
Depending on the pressure type, the high-pressure segment dominated the injection molding machines market analysis, in terms of revenue in 2019.
By application, the automotive segment registered the highest revenue in the injection molding machines market in 2019.
The key players within the market are profiled in this report, and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the railway maintenance machinery industry.
The global injection molding machines market forecast analysis from 2020 to 2027 is included in the report.
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Organization: Allied Market Research
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