July 06,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Injection Molding Machine Market.
Injection molding machine market is likely to witness a modest CAGR of 2.9% during the forecast period. The key factor contributing to the demand for injection molding machines is the increasing demand for plastics in packaging, building construction, and automotive industries.
An injection molding machine is a machine used for manufacturing plastic, metal, rubber, and ceramic products. It consists of two major parts: injection unit and clamping unit. The injection molding machine melts the material to be injected into the shaping mold, where the molten material cools off and solidifies, taking the shape of the desired component.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the product type, the market is segmented as plastic, rubber, metal, ceramic, and others. The plastic segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period, driven by its properties such as chemical resistivity and flexibility. The surge in demand from automotive, consumer goods, and packaging end-use industries drives the claim for plastic injection molding machines.
Based on the machine type, the market is segmented as hydraulic, all-electric, and hybrid. The hydraulic segment captured the largest share of the market in 2019, and is estimated to maintain its legacy during the forecast period on account of long service period, enhanced performance, and reduced maintenance costs.
Based on the end-use industry type, the market is segmented as automotive, consumer goods, packaging, healthcare, electrical electronics, and others. The automotive and consumer goods are the major segments of the injection molding machine market. Increase in use of injection molding machines in manufacturing automotive components and consumer goods products drives the market.
Based on the clamping force type, the market is segmented as 0-200-ton force, 201-500-ton force, and above 500-ton force. The above 500-ton force segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period owing to increase in use of more than 500-ton force injection molding machines to manufacture large injection molded parts.
In terms of regions, Asia-Pacific is estimated to be the fastest-growing injection molding machine market during the forecast period owing to the urban and rural population, rapid pace of urbanization, and foreign investments driving the demand for automotive, consumer goods, and electronics industries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
- Haitian International
- Chen Hsong Holdings Limited
- The Japan Steel Works, Ltd.
- Sumitomo Heavy Industries
- Arburg GmbH + Co KG
- Nissei Plastic Industrial Co., Ltd.
- Husky Injection Molding Systems Ltd.
- Engel Austria GmbH
- Ved Machinery.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Injection Molding Machine Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors