As per this study the Global Injection Molding Machine Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%.
Injection molding is a process of producing plastic parts from both thermoplastic and thermosetting polymers. An injection molding machine is a machine used for manufacturing plastic products by the injection molding process. The main components of the injection molding machine are an injection unit and a clamping unit. There are various injection molding machines including hydraulic injection molding machines, electric injection molding machines, and hybrid injection molding machines. These molding machines find applications in automotive, consumer goods, packaging, electronics, and others.
The growing demand in the automotive industry, as the plastic components are widely used in automobiles by the injection molding process, is augmenting the market growth of the injection molding machine market. Additionally, high demand for injection molding machines in the packaging industry for producing plastics is further boosting the market demand. On the other side, shifting preference of manufacturers towards eco-friendly products may hamper market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of injection molding machine.
The broad injection molding machine market has been sub-grouped into material, technology and end-use. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Consumer Goods
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for injection molding machine in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Injection Molding Machine Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Injection Molding Machine market includes Arburg GmbH + Co KG, Chen Hsong Holdings Limited, ENGEL Austria GmbH, Haitian International Holdings Limited, Husky Injection Molding Systems Ltd., Japan Steel Works Limited, Milacron, Nissei Plastic Industrial Co., Limited, Sumitomo (SHI) Demag Plastics Machinery GmbH, Toyo Machinery & Metal Co., Ltd.. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.