Injection Molding Machine Market by Product Type (Plastic, Rubber, Metal), Machine Type (Hydraulic, All-Electric, Hybrid), End-Use Industry (Automotive, Packaging, Consumer Goods), Clamping Force (0-200, 201-500, Above 500) - Global Forecast to 2023

The injection molding machine market was valued at USD 16.72 billion in 2017 and is projected to reach USD 19.68 billion by 2023, at a CAGR of 2.9% during the forecast period. Injection molding machine is used to manufacture products made of plastics, rubber, metal, and ceramic. It consists of two main parts - an injection unit that is similar in function to an extruder; and a clamping unit that deals with the operation of the mold. Injection molding machine offers enhanced accuracy in manufacturing products, improved flexibility, and a high level of energy efficiency in the process, which help in manufacturing a wide range of products. There are various types of injection molding machines, including hydraulic injection molding machines, all-electric injection molding machines, and hybrid injection molding machines. The base year considered for this study is 2017, while the forecast period considered is 2018 to 2023.

Market Dynamics

Drivers

• High demand from the packaging industry
• Rising awareness about energy saving
• Growing automotive industry in APAC
• Advancements in injection molding technology

Restraints

• High heating and hydraulic pressure
• Less economical for small production capacities

Opportunities

• Growing demand from the healthcare industry

Growing automotive industry in APAC

The growing automotive industry in the APAC region is one of the major drivers for the injection molding machine market. Injection molding machines are used in various automotive parts, including lighting systems, bumper, instrument panel, rear bumper, and still cover. The increasing demand for automobiles in the major APAC countries is fueling the sales of injection molding machines in the region.

The demand for automobiles is mainly increasing in China, India, Indonesia, and Japan. This is propelling the growth of the injection molding machine market in APAC.

China is emerging as the global leader in the production of automobiles. According to the International Trade Administration (ITA), China is projected to produce more than 27 million vehicles by 2020. The Chinese automotive industry registered a turnover of about USD 17.5 million in 2015. In 2017, India was the fifth-largest motor vehicle/car producer in the world. According to the India Brand Equity Foundation, the country’s automobile industry grew by over 9% from 2006 to 2016. These factors drive the injection molding machine market in the automotive industry.

The objectives of the study include:

• To analyze and forecast the size of the injection molding machine market in terms of value and volume
• To define, describe, and segment the injection molding machine market on the basis of product type, machine type, clamping force, and end-use industry
• To forecast the size of market segments for APAC, North America, Europe, South America, and the Middle East & Africa
• To provide detailed information regarding key factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the injection molding machine market
• To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
• To identify and analyze opportunities for stakeholders in the market
• To analyze competitive developments, such as expansions, new product launches, acquisitions, and contracts & agreements in the injection molding machine market
• To strategically profile key players and comprehensively analyze their core competencies

Research Methodology

In this report, market sizes were derived using both, the bottom-up and top-down approaches. First, the market sizes for machine type (hydraulic, all-electric, hybrid), product type (plastic, rubber, metal, ceramic), end-use industry (automotive, consumer goods, packaging, healthcare, electrical & electronics, and others), clamping force (0-200, 201-500, 501 & above), and region (APAC, North America, South America, Europe, and the Middle East & Africa) were identified through secondary and primary research. The overall injection molding machine market size was then calculated by adding these individual market sizes.

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold & silver standard websites such as Factiva, ICIS, Bloomberg, and others. Findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

To know about the assumptions considered for the study, download the pdf brochure

The value chain of injection molding machine market include raw material manufacturing companies such as The Japan Steel Works, Ltd. (Japan), GSH Industries (U.S.), Solmser Kunststofftechnik GmbH & Co. KG (Germany), and REP International (France). and others. These companies manufacture various materials such as ABS (acrylonitrile butadiene styrene), PC (polycarbonate), PP (polypropylene), elastomer, natural rubber, stainless steel, iron, copper alloy, and ceramic powder. The value chain also comprises of component manufacturers. Some of the global injection molding machine manufacturers also produce and supply injection molding machine components. Such manufacturers include Sumitomo Heavy Industries Ltd. (Japan), Husky Injection Moldings Systems Ltd. (Canada), The Japan Steel Works Ltd. (Japan), Milacron Holdings Corp. (U.S.), and Sinotech, Inc. (U.S.). Various components such as hopper, reciprocating screw, barrel assembly, and an injection nozzle are installed in injection molding machines. They perform particular function in this machine. After the completion of the production process, injection molding machines are distributed through in the market through different channels. Companies such as Haitian International Holdings Limited (China), Sumitomo Heavy Industries Ltd. (Japan), and Engel Austria GmbH (Austria) among others have warehouses in various regions across the globe, which has helped them emerge as the key players in terms of marketing & distribution of injection molding machines. These companies distribute their products with the help of their local sales offices and distributors, and provide aftersales services through their service centers. They also have their manufacturing units across the globe which helps reduce their logistics-related expenses and import costs to a great extent. The major end-use industries for injection molding machines are automotive, consumer goods, packaging, healthcare, and electrical & electronics industries, and others.

Major Market Developments

• In April 2018, Engel expanded the capacity of its Changzhou-based Wintec subsidiary and invested USD 11.9 million for this expansion project. This will enable the company to strengthen its market position and cater to customer needs.
• In April 2018, Arburg is planning to expand its Lossburg headquarter facilities. This will enable the company to cater to the rising demand for its injection molding machines.
• In May 2018, Sumitomo (SHI) Demag, a subsidiary of Sumitomo Heavy Industries Ltd. is planning to set up a subsidiary in Italy. This will enable the company to widen its presence in the country.
• In March 2018, Wintec, Engel’s Chinese subsidiary is expanding its presence in North America and Brazil. This will enable the company to widen its presence in these regions and deliver customized solutions.

Key market players profiled in the report include Haitian International (China), Chen Hsong (China), Milacron (US), The Japan Steel Works (Japan), Sumitomo Heavy Industries (Japan), Arburg (Germany), Nessei Plastic (Japan), Husky (Canada), and Engel (Austria).

The target audience for the injection molding machines market are as follows:

• Injection Molding Machines Manufacturers, Dealers, and Suppliers
• Government Bodies
• Raw Material Suppliers
• Industry Associations
• Consulting Companies/Consultants in Chemical and Material Sectors
• Distributors

“This study answers several questions for stakeholders, primarily, which market segments they need to focus on during the next two to five years to prioritize their efforts and investments.”

Scope of the Report

This report categorizes the global injection molding machine market based on product type, machine type, clamping force, end-use industry, and region.

Injection Molding Machine Market, By Product Type

• Plastics
  • Thermoplastics
  • Thermosets
• Rubber
• Metal
  • Power
  • Liquid
• Ceramic
• Others

Injection Molding Machine Market, By Machine Type

• Hydraulic
• All-Electric
• Hybrid

Injection Molding Machine Market, By Clamping Force

• 0-200 Ton Force
• 201-500 Ton Force
• Above 500 Ton Force
  

Injection Molding Machine Market, By End-Use Industry

• Automotive
• Consumer Goods
• Packaging
• Healthcare
• Electrical & Electronics
• Others

Injection Molding Machine Market, By Region

• Asia Pacific
• North America
• Europe
• Middle East & Arica
• South America

Critical questions which the report answers

• What are new product and technologies injection molding machines companies are exploring?
• Which are the key players in the market and how intense is the competition?

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for this report:

Regional Analysis

• Further breakdown of a region with respect to a particular country or additional end-use industry

Company Information

• Detailed analysis and profiles of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Injection Molding Machine Market
    4.2 APAC Injection Molding Machine Market, By End-Use Industry and Country
    4.3 Injection Molding Machine Market, By Region
    4.4 Injection Molding Machine Market, By Region and End-Use Industry
    4.5 Injection Molding Machine Market, By Key Countries

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 High Demand From the Packaging Industry
                    5.2.1.2 Rising Awareness About Energy Saving
                    5.2.1.3 Growing Automotive Industry in APAC
                    5.2.1.4 Advancements in Injection Molding Technology
           5.2.2 Opportunities
                    5.2.2.1 Growing Demand From the Healthcare Industry
           5.2.3 Challenges
                    5.2.3.1 High Heating and Hydraulic Pressure
                    5.2.3.2 Less Economical for Small Production Capacities
    5.3 Technology Overview
    5.4 Porter’s Five Forces Analysis
           5.4.1 Threat of Substitutes
           5.4.2 Threat of New Entrants
           5.4.3 Bargaining Power of Suppliers
           5.4.4 Bargaining Power of Buyers
           5.4.5 Intensity of Competitive Rivalry
    5.5 Macroeconomic Indicators
           5.5.1 GDP Forecast of Major Economies
           5.5.2 Trends and Forecast of Automotive Industry and Its Impact on Injection Molding Machine Market

6 Injection Molding Machine Market, By Product Type (Page No. - 46)
    6.1 Introduction
    6.2 Plastic
           6.2.1 Thermoplastics
           6.2.2 Thermosets
    6.3 Rubber
    6.4 Metal
           6.4.1 Powder
           6.4.2 Liquid
    6.5 Ceramic
    6.6 Others

7 Injection Molding Machine Market, By Machine Type (Page No. - 55)
    7.1 Introduction
    7.2 Hydraulic Injection Molding Machine
    7.3 All-Electric Injection Molding Machine
    7.4 Hybrid Injection Molding Machine

8 Injection Molding Machine Market, By Clamping Force (Page No. - 61)
    8.1 Introduction
    8.2 0–200 Ton-Force
    8.3 201–500 Ton-Force
    8.4 Above 500 Ton-Force

9 Injection Molding Machine Market, By End-Use Industry (Page No. - 64)
    9.1 Introduction
    9.2 Automotive
    9.3 Consumer Goods
    9.4 Packaging
    9.5 Healthcare
    9.6 Electrical & Electronics
    9.7 Others

10 Injection Molding Machine Market, By Region (Page No. - 73)
     10.1 Introduction
     10.2 APAC
             10.2.1 China
             10.2.2 Japan
             10.2.3 India
             10.2.4 South Korea
             10.2.5 Thailand
             10.2.6 Indonesia
             10.2.7 Vietnam
     10.3 Europe
             10.3.1 Germany
             10.3.2 Italy
             10.3.3 France
             10.3.4 Spain
             10.3.5 UK
     10.4 North America
             10.4.1 US
             10.4.2 Canada
             10.4.3 Mexico
     10.5 Middle East & Africa
             10.5.1 Saudi Arabia
             10.5.2 Iran
             10.5.3 South Africa
     10.6 South America
             10.6.1 Brazil
             10.6.2 Argentina

11 Competitive Landscape (Page No. - 118)
     11.1 Introduction
     11.2 Market Share of Key Players
             11.2.1 Haitian International Holdings Limited
             11.2.2 Chen Hsong Holdings Limited
             11.2.3 Engel Austria GmbH
             11.2.4 Sumitomo Heavy Industries Limited
             11.2.5 Milacron Holdings Corp.
     11.3 Competitive Scenario
             11.3.1 Expansions
             11.3.2 New Product Launches
             11.3.3 Contracts & Agreements
             11.3.4 Acquisitions

12 Company Profiles (Page No. - 124)
     12.1 Haitian International Holdings Limited
             12.1.1 Business Overview
             12.1.2 Products Offered
             12.1.3 Recent Developments
             12.1.4 SWOT Analysis
             12.1.5 MnM View
     12.2 Sumitomo Heavy Industries Limited
             12.2.1 Business Overview
             12.2.2 Products Offered
             12.2.3 Recent Developments
             12.2.4 SWOT Analysis
             12.2.5 MnM View
     12.3 The Japan Steel Works Ltd.
             12.3.1 Business Overview
             12.3.2 Products Offered
             12.3.3 1.3.1 Recent Developments
             12.3.4 SWOT Analysis
             12.3.5 MnM View
     12.4 Chen Hsong Holdings Limited
             12.4.1 Business Overview
             12.4.2 Products Offered
             12.4.3 Recent Developments
             12.4.4 SWOT Analysis
             12.4.5 MnM View
     12.5 Milacron Holdings Corp.
             12.5.1 Business Overview
             12.5.2 Products Offered
             12.5.3 Recent Developments
             12.5.4 SWOT Analysis
             12.5.5 MnM View
     12.6 Engel Austria GmbH
             12.6.1 Business Overview
             12.6.2 Products Offered
             12.6.3 Recent Developments
     12.7 Arburg GmbH & Co. Kg
             12.7.1 Business Overview
             12.7.2 Products Offered
             12.7.3 Recent Developments
     12.8 Nissei Plastic Industrial Co., Ltd.
             12.8.1 Business Overview
             12.8.2 Products Offered
             12.8.3 Recent Developments
     12.9 Husky Injection Molding Systems Ltd.
             12.9.1 Business Overview
             12.9.2 Products Offered
             12.9.3 Recent Developments
     12.10 Dongshin Hydraulic Co., Ltd.
             12.10.1 Business Overview
             12.10.2 Products Offered
             12.10.3 Recent Developments
     12.11 Kraussmaffei Group GmbH
             12.11.1 Business Overview
             12.11.2 Products Offered
             12.11.3 Recent Developments
     12.12 Negri Bossi S.P.A.
             12.12.1 Business Overview
             12.12.2 Products Offered
             12.12.3 Recent Developments
     12.13 Other Key Market Players
             12.13.1 Nigata Machine Techno Company, Ltd.
             12.13.2 Huarong Plastic Machinery Co., Ltd.
             12.13.3 Fu Chun Shin Machinery Manufacture Co., Ltd.
             12.13.4 Toshiba Machine Co., Ltd.
             12.13.5 Oima SRL
             12.13.6 R.P. Injection SRL
             12.13.7 Toyo Machinery & Metal Co., Ltd.
             12.13.8 Boco Pardubice Machines S.R.O.
             12.13.9 Mitsubishi Heavy Industries Plastic Technology Co., Ltd.
             12.13.10 Woojin Plaimm Co., Ltd.
             12.13.11 Borche North America Inc.
             12.13.12 Multiplas Enginery Co., Ltd.
             12.13.13 Mold Hotrunner Solutions Ltd.
             12.13.14 Dr. Boy GmbH & Co. Kg
             12.13.15 SMF Maschinenfabrik GmbH

13 Appendix (Page No. - 157)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details

List of Tables (123 Tables)

Table 1 Trends and Forecast of GDP, 2018–2023 (USD Billion)
Table 2 Injection Molding Machine Market Size, By Product Type, 2016–2023 (USD Million)
Table 3 Injection Molding Machine Market Size, By Product Type, 2016–2023 (Unit)
Table 4 Injection Molding Machine Market Size for Plastic Products, By Region, 2016–2023 (USD Million)
Table 5 Injection Molding Machine Market Size for Plastic Products, By Region, 2016–2023 (Unit)
Table 6 Injection Molding Machine Market Size for Rubber Products, By Region, 2016–2023 (USD Million)
Table 7 Injection Molding Machine Market Size for Rubber Products, By Region, 2016–2023 (Unit)
Table 8 Injection Molding Machine Market Size for Metal Products, By Region, 2016–2023 (USD Million)
Table 9 Injection Molding Machine Market Size for Metal Products, By Region, 2016–2023 (Unit)
Table 10 Injection Molding Machine Market Size for Ceramic Products, By Region, 2016–2023 (USD Million)
Table 11 Injection Molding Machine Market Size for Ceramic Products, By Region, 2016–2023 (Unit)
Table 12 Injection Molding Machine Market Size for Other Products, By Region, 2018-2023 (USD Million)
Table 13 Injection Molding Machine Market Size for Other Products, By Region, 2018-2023 (Unit)
Table 14 Injection Molding Machine Market Size, By Machine Type, 2016–2023 (USD Million)
Table 15 Injection Molding Machine Market Size, By Machine Type, 2016–2023 (Unit)
Table 16 Hydraulic Injection Molding Machine Market Size, By Region, 2016–2023 (USD Million)
Table 17 Hydraulic Injection Molding Machine Market Size, By Region, 2016–2023 (Unit)
Table 18 All-Electric Injection Molding Machine Market Size, By Region, 2016–2023 (USD Million)
Table 19 All-Electric Injection Molding Machine Market Size, By Region, 2016–2023 (Unit)
Table 20 Hybrid Injection Molding Machine Market Size, By Region, 2016–2023 (USD Million)
Table 21 Hybrid Injection Molding Machine Market Size, By Region, 2016–2023 (Unit)
Table 22 Injection Molding Machine Market Size, By Clamping Force, 2016–2023 (USD Million)
Table 23 Injection Molding Machine Market Size, By Clamping Force, 2016–2023 (Unit)
Table 24 Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 25 Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 26 Injection Molding Machine Market Size in Automotive End-Use Industry, 2016–2023 (USD Million)
Table 27 Injection Molding Machine Market Size in Automotive End-Use Industry, 2016–2023 (Unit)
Table 28 Injection Molding Machine Market Size in Consumer Goods End-Use Industry, By Region, 2016–2023 (USD Million)
Table 29 Injection Molding Machine Market Size in Consumer Goods End-Use Industry, By Region, 2016–2023 (Unit)
Table 30 Injection Molding Machine Market Size in Packaging End-Use Industry, By Region, 2016–2023 (USD Million)
Table 31 Injection Molding Machine Market Size in Packaging End-Use Industry, By Region, 2016–2023 (Unit)
Table 32 Injection Molding Machine Market Size in Healthcare End-Use Industry, By Region, 2016–2023 (USD Million)
Table 33 Injection Molding Machine Market Size in Healthcare End-Use Industry, By Region, 2016–2023 (Units)
Table 34 Injection Molding Machine Market Size in Electrical & Electronics End-Use Industry, By Region, 2016–2023 (USD Million)
Table 35 Injection Molding Machine Market Size in Electrical & Electronics End-Use Industry, By Region, 2016–2023 (Unit)
Table 36 Injection Molding Machine Market Size in Other End-Use Industries, By Region, 2016–2023 (USD Million)
Table 37 Injection Molding Machine Market Size in Other End-Use Industries, By Region, 2016–2023 (Unit)
Table 38 Injection Molding Machine Market Size, By Region, 2016–2023 (USD Million)
Table 39 Injection Molding Machine Market Size, By Region, 2016–2023 (Unit)
Table 40 APAC: Injection Molding Machine Market Size, By Country, 2016–2023 (USD Million)
Table 41 APAC: Injection Molding Machine Market Size, By Country, 2016–2023 (Unit)
Table 42 APAC: Injection Molding Machine Market Size, By Product Type, 2016–2023 (USD Million)
Table 43 APAC: Injection Molding Machine Market Size, By Product Type, 2016–2023 (Unit)
Table 44 APAC: Injection Molding Machine Market Size, By Machine Type, 2016–2023 (USD Million)
Table 45 APAC: Injection Molding Machine Market Size, By Machine Type, 2016–2023 (Unit)
Table 46 APAC: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 47 APAC: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 48 China: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 49 China: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 50 Japan: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 51 Japan: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 52 India: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 53 India: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 54 South Korea: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 55 South Korea: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 56 Thailand: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 57 Thailand: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 58 Indonesia: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 59 Indonesia: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 60 Vietnam: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 61 Vietnam: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 62 Europe: Injection Molding Machine Market Size, By Country, 2016–2023 (USD Million)
Table 63 Europe: Injection Molding Machine Market Size, By Country, 2016–2023 (Unit)
Table 64 Europe: Injection Molding Machine Market Size, By Product Type, 2016–2023 (USD Million)
Table 65 Europe: Injection Molding Machine Market Size, By Product Type, 2016–2023 (Unit)
Table 66 Europe: Injection Molding Machine Market Size, By Machine Type, 2016–2023 (USD Million)
Table 67 Europe: Injection Molding Machine Market Size, By Machine Type, 2016–2023 (Unit)
Table 68 Europe: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 69 Europe: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 70 Germany: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 71 Germany: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 72 Italy: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 73 Italy: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 74 France: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 75 France: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 76 Spain: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 77 Spain: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 78 UK: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 79 UK: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 80 North America: Injection Molding Machine Market Size, By Country, 2016–2023 (USD Million)
Table 81 North America: Injection Molding Machine Market Size, By Country, 2016–2023 (Unit)
Table 82 North America: Injection Molding Machine Market Size, By Product Type, 2016–2023 (USD Million)
Table 83 North America: Injection Molding Machine Market Size, By Product Type, 2016–2023 (Unit)
Table 84 North America: Injection Molding Machine Market Size, By Machine Type, 2016–2023 (USD Million)
Table 85 North America: Injection Molding Machine Market Size, By Machine Type, 2016–2023 (Unit)
Table 86 North America: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 87 North America: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 88 US: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 89 US: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 90 Canada: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 91 Canada: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 92 Mexico: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 93 Mexico: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 94 Middle East & Africa: Injection Molding Machine Market Size, By Country, 2016–2023 (USD Million)
Table 95 Middle East & Africa: Injection Molding Machine Market Size, By Country, 2016–2023 (Unit)
Table 96 Middle East & Africa: Injection Molding Machine Market Size, By Product Type, 2016–2023 (USD Million)
Table 97 Middle East & Africa: Injection Molding Machine Market Size, By Product Type, 2016–2023 (Unit)
Table 98 Middle East & Africa: Injection Molding Machine Market Size, By Machine Type, 2016–2023 (USD Million)
Table 99 Middle East & Africa: Injection Molding Machine Market Size, By Machine Type, 2016–2023 (Unit)
Table 100 Middle East & Africa: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 101 Middle East & Africa: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 102 Saudi Arabia: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 103 Saudi Arabia: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 104 Iran: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 105 Iran: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 106 South Africa: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 107 South Africa: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 108 South America: Injection Molding Machine Market Size, By Country, 2016–2023 (USD Million)
Table 109 South America: Injection Molding Machine Market Size, By Country, 2016–2023 (Unit)
Table 110 South America: Injection Molding Machine Market Size, By Product Type, 2016–2023 (USD Million)
Table 111 South America: Injection Molding Machine Market Size, By Product Type, 2016–2023 (Unit)
Table 112 South America: Injection Molding Machine Market Size, By Machine Type, 2016–2023 (USD Million)
Table 113 South America: Injection Molding Machine Market Size, By Machine Type, 2016–2023 (Unit)
Table 114 South America: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 115 South America: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 116 Brazil: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 117 Brazil: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 118 Argentina: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 119 Argentina: Injection Molding Machine Market Size, By End-Use Industry, 2016–2023 (Unit)
Table 120 Expansions, 2013–2017
Table 121 New Product Launches, 2013–2017
Table 122 Contracts & Agreements, 2013–2017
Table 123 Acquisitions, 2013–2017

List of Figures (37 Figures)

Figure 1 Injection Molding Machine Market Segmentation
Figure 2 Regional Segmentation
Figure 3 Injection Molding Machine Market: Research Design
Figure 4 Injection Molding Machine Market: Data Triangulation
Figure 5 Plastic to Be the Dominating Product Type of Injection Molding Machine
Figure 6 Automotive to Be the Leading End-Use Industry of Injection Molding Machine
Figure 7 Hydraulic Injection Molding Machine to the Largest Market
Figure 8 APAC Dominated the Injection Molding Machine Market in 2017
Figure 9 Increasing Demand From Automotive Industry to Drive the Injection Molding Machine Market
Figure 10 China Accounted for the Largest Market Share in APAC
Figure 11 APAC Dominated the Injection Molding Machine Market in 2017
Figure 12 Automotive Was the Largest End-Use Industry in Europe
Figure 13 China to Be the Fastest-Growing Market
Figure 14 Overview of Factors Governing the Injection Molding Machine Market
Figure 15 Injection Molding Machine Market: Porter’s Five Forces Analysis
Figure 16 Global Motor Vehicle Sales, 2016 (Million Unit)
Figure 17 Automotive (Car) Sales Outlook, By Country, 2017 (Million Unit)
Figure 18 Plastic Segment to Dominate the Injection Molding Machine Market
Figure 19 Hydraulic Injection Molding Machine Segment to Dominate the Market
Figure 20 Automotive Segment to Register the Highest CAGR
Figure 21 APAC Market to Register the Highest CAGR
Figure 22 APAC: Injection Molding Machine Market Snapshot
Figure 23 Europe: Injection Molding Machine Market Snapshot
Figure 24 North America: Injection Molding Machine Market Snapshot
Figure 25 Companies Adopted Expansions as the Key Growth Strategy Between 2013 and 2017
Figure 26 Haitian International Holdings Limited is the Leading Player in the Injection Molding Machine Market
Figure 27 Haitian International Holdings Limited: Company Snapshot
Figure 28 Haitian International Holdings Limited: SWOT Analysis
Figure 29 Sumitomo Heavy Industries Limited: Company Snapshot
Figure 30 Sumitomo Heavy Industries Limited: SWOT Analysis
Figure 31 The Japan Steel Works Ltd. : Company Snapshot
Figure 32 The Japan Steel Works Limited: SWOT Analysis
Figure 33 Chen Hsong Holdings Limited: Company Snapshot
Figure 34 Chen Hsong Holdings Limited: SWOT Analysis
Figure 35 Milacron Holdings Corp.: Company Snapshot
Figure 36 Milacron Holdings Corp.: SWOT Analysis
Figure 37 Nissei Plastic Industrial Co., Ltd.: Company Snapshot

The injection molding machine market is estimated to be USD 17.08 billion in 2018 and is projected reach USD 19.68 billion by 2023, at a CAGR of 2.9% between 2018 and 2023. The growth of the market is driven by the high demand from the packaging industry, rising demand for energy saving, growing automotive industry, and advancements in injection molding technology.

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. They offer various advantages such as enhanced accuracy in manufacturing products, improved flexibility, and a high level of energy efficiency in the process.

On the basis of product type, the injection molding machine market has been segmented into plastic, rubber, metal, ceramic, and others. The plastic segment is estimated to lead the injection molding machine market in 2018, in terms of value. The demand for plastic injection molding machines is primarily driven by the increased demand from the automotive, consumer goods, and packaging end-use industries. Plastic injection molding machines facilitate the fast production of plastic parts with reduced waste at lower costs. These machines also enable the use of a wide variety of material types such as nylon, polycarbonate, polystyrene, and polypropylene.

\ On the basis of machine type, the injection molding machine market has been segmented into hydraulic, all-electric, and hybrid. The hydraulic segment accounted for the largest share, in terms of value, of the injection molding machine market in 2018. The dominance of hydraulic injection molding is expected to continue during the forecast period owing to its enhanced performance and low maintenance cost. Also, the increasing demand from the automotive, consumer goods, and packaging various end-use industries is fueling the growth of the hydraulic injection molding machine market.

Asia Pacific is estimated to be the fastest-growing region for injection molding machines during the forecast period, in terms of value. Rapidly growing end-use industries, competitive manufacturing costs, rising demand from the automotive industry, and high economic growth rates are the major factors for the growth of the injection molding machine market in this region.

Automotive, consumer goods, and packaging applications to drive the growth of injection molding machine market

Automotive

Injection molding machines are predominantly used in manufacturing automotive components, interior wrapping, and assembly parts, such as automotive exteriors, car lenses, interior components, under-the-hood components, and filter components.

Plastics used in manufacturing automotive components are polybutylene terephthalate (PBT), polyethylene terephthalate (PET), polyvinyl chloride (PVC), acrylonitrile butadiene styrene (ABS), polyamide (PA), polystyrene (PS), polycarbonate (PC), and polyethylene (PE). A strong shift in the use of plastics instead of iron and steel in the automotive industry is expected to drive the injection molding machine market during the forecast period. Stringent government regulations have forced automotive manufacturers to use plastics instead of other materials such as iron and steel.

Consumer Goods

Injection molding machines are significantly used in the manufacturing of consumer goods such as mugs, cups, toys, closures, cosmetics, personal hygiene products, stationery, kitchenware, footwear, safety gear, cosmetic articles, and household products. Thermoplastic materials such as PS, PP, PVC, and high-density PE are injection molded for producing various consumer goods. Moreover, the recent technological advancements in injection molding machines have helped to attain high precision and lower cycle time, driving the injection molding machine market in the consumer goods end-use industry.

Packaging

Packaging is an indispensable process for preserving and transporting goods. It caters to various sectors such as retail, institutional, and industrial. The packaging industry includes food, pharmaceuticals, consumer goods, and industrial applications. Changing consumer lifestyle and rising disposable income have increased the demand for packaged food, thus increasing the need for injection molded plastics in the packaging application.

The availability of a wide variety of plastics and their adherence to regulatory standards make them the most extensively used material in packaging. Plastics can be molded into films, sheets, foams, and pellets. Highly efficient and high-speed injection molding machines are used in the packaging sector.

Injection molding machines are significantly used in the packaging industry to manufacture packaging parts and components to increase consumer-friendliness and aesthetic value of the packaging products. Some of the packaging products include thin wall containers, lids, food storage, buckets, cosmetics, personal care, and specialty closures.

Critical questions the report answers:

• Where will all these developments take the industry in the mid to long term?
• What are the upcoming product type of injection molding machines?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

The use of injection molding machines for lower production capacities is less economical, which is a major factor restraining the growth of the market.

New product launches, expansions, contracts & agreements, and acquisitions were the key strategies adopted by players in the injection molding machine market. Major players in the injection molding machine market include Haitian International (China), Chen Hsong (China), Milacron (US), The Japan Steel Works (Japan), Sumitomo Heavy Industries (Japan), Arburg (Germany), Nessei Plastic (Japan), Husky (Canada), and Engel (Austria)