Injection Molding Machine Market

Market Leader - Injection Molding Machine Market

The injection molding machine market is estimated to be USD 17.08 billion in 2018 and is projected to reach USD 19.68 billion by 2023, at a CAGR of 2.9% between 2018 and 2023. The increasing demand for injection-molded parts from the packaging industry and the rising demand for lightweight components from the automotive industry are the major factors driving the injection molding machine market.

Players in the injection molding machine market are mainly concentrating on new product launches, expansions, acquisitions, and contracts & agreements to meet the growing demand for injection molding machines. Expansions help companies cater to the need for injection molding in regions such as Europe and APAC, while new product launches help companies meet the specific demands of customers.

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

The growth of the injection molding machine market has been largely influenced by expansions and new product launches that have taken place between 2013 and 2018. Companies such as 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) have adopted the strategies of expansions and new product launches to expand their regional presence and enhance their product offerings.

Haitian International is one of the largest manufacturers of injection molding machines across the globe. The company caters to the domestic demand as well as exports its products worldwide. It has a strong product portfolio and serves major industries across various regions. Haitian International has followed the strategy of expansion to increase its business in different regions. For instance, in May 2015, Zhafir Plastics Machinery, a subsidiary of Haitian International, opened a new plant in Ningbo, China. The plant has a production area of around 120,000 square meters and capacity to manufacture 5,000 electrical injection molding machines per year. This expansion helped the company expand its presence in the Chinese market.

Chen Hsong is one of the leading manufacturers of injection molding machines and serves customers in more than 90 countries worldwide. The company is engaged in expanding its footprint to cater to untapped markets across the globe. For instance, in May 2013, Chen Hsong opened a new subsidiary, Chen Hsong Europe B.V., in the Netherlands to strengthen its position in the European market.

Related Reports:

Injection Molding Machine Market by Product Type (Plastic, Rubber, Metal, and Ceramic), Machine Type (Hydraulic, All-Electric, and Hybrid) and End-Use Industry (Automotive, Consumer Goods, Packaging, Healthcare & Electrical and Electronics) - Global Trends & Forecasts to 2021

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
CH 4351
Published ON
Jul, 2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Injection Molding Machine Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved