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2021
Plastic Injection Molding Machines Market

Plastic Injection Molding Machines Market

by Material (Polypropylene, Polyethylene, Thermoplastic Elastomer, Cyclic Olefin Copolymer, Acrylonitrile Butadiene Styrene, and Others), Application (Packaging, Closures, Medical, PET Preforms, Automotive, and Others), Clamping Force (Less Than 200 Tons Force, 200 Tons to 500 Tons Force, and More Than 500 Tons Force), Type (Standard Injection Molding Machine, Multi-component Injection Molding Machine, and LSR Injection Molding Machine), and Mode of Operation (Electric, Hydraulic, and Hybrid): Global Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

Report Code: A13698
Pages: 518
Sep 2021 | 3723 Views
Author(s) : Priyanka K
Tables: 390
Charts: 97
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COVID-19

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The global plastic injection molding machines market size was valued at $8,374.8 million in 2020, and is projected to reach $12,723.9 million in 2030, growing at a CAGR of 4.9%. Plastic injection molding machine is a mechanical equipment, which performs injection molding process. This process is used for mass production of injection molded plastic parts. In this report, various types of plastic injection molding machines have been considered. Plastic injection molding machines are used to manufacture items such as power tool housing, telephone handsets, electrical switches, car bumpers, disposable razors, closures, and dashboards. Injection molding machine is used in various end-user industries such as medical, automotive, home appliances, and consumer electronics industry. 

The COVID-19 outbreak has negatively affected the growth of the global plastic injection molding machines industry owing to the lockdown measure in different countries globally and delay in manufacturing of plastic injection molding machines.

Major players, such as Hillenbrand Inc, Husky Injection Molding Systems Ltd, Milacron Holding Corp, and others, offer injection molding machines with less than 200 tons clamping force. For instance, STM Inc based in Georgia, U.S. offers standard D700/I 5800 injection molding machines. It has clamping force of 7,000 KN and injection pressure capacity of 217 Mpa. In addition, these machines are equipped with five-point toggle mechanism, high-speed clamp options, either rigid platens, or others. They are widely used in automotive and packaging industries. Thus, all such factors are projected to fuel the plastic injection molding machines market growth. 

Plastic-Injection-Molding-Machines-Market

Increase in demand for injection molding machines in various end users, such as packaging, automotive and others, drives the growth of the plastic injection molding machines. For instance, the packaging industry in Japan grew by 2.1% from 2017 to 2019. 

Plastic Injection Molding Machines Market
By Material

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Polyethylene segment holds dominant position in 2020

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However, the high cost required for machinery is expected to restrain the growth of the market. For instance, price of a large and complex mold machine is around $80,000 or more. Moreover, it requires high maintenance and installation cost. In addition, presence of substitute products, such as urethane casting, thermoforming, and 3D printing, is projected to restraint the market growth.

Moreover, technological advancements, such as IoT enabled and software, in plastic injection molding machine are expected to provide lucrative opportunities for the market. 

Plastic Injection Molding Machines Market
By Application

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Others segment holds majority of the market share in 2020

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The global plastic injection molding machines market is segmented based on material, application, clamping force, type, mode of operation, and region. Based on material, the market is divided into polypropylene, polyethylene, thermoplastic elastomer, cyclic olefin copolymer, acrylonitrile butadiene styrene, and others. The polyethylene segment is anticipated to dominate the global plastic injection molding machines market during the study period. Based on application, the market is classified into packaging, closures, medical, PET reforms, automotive, and others. The others segment is anticipated to dominate the global plastic injection molding machines market during the study period. The packaging segment is sub-segmented into personal care, thinwall containers, and others. The medical segment is sub-segmented into surgery, pharma, diagnostics, medical equipment, healthcare devices, and others. Based on clamping force, the market is divided into less than 200 tons force, 200 tons to 500 tons force, and more than 500 tons force. The more than 500 ton segment is anticipated to dominate the global plastic injection molding machines market. Based on type, the market is divided into standard injection molding machine, multi-component injection molding machine, and LSR injection molding machine. The standard injection molding machine segment is anticipated to dominate the global plastic injection molding machines market. Based on mode of operation, the market is fragmented into electric, hydraulic, and hybrid. The hydraulic segment is anticipated to dominate the global plastic injection molding machine market. 

Based on region, the global injection molding machines market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific is expected to dominate the market during the forecast period. 

Plastic Injection Molding Machines Market
By Type

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Standard Injection Molding Machine segment holds majority of the market share in 2020

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Competition Analysis

The key players profiled in this report include ARBURG GmbH + Co KG, ENGEL Austria GmbH, Haitian International Holding Ltd, Husky Injection Molding Systems, Krauss Maffei Group, Milacron Holdings Corp., Shibaura Machine Co Ltd., Sumitomo Heavy Industries, The Japan Steel Works, and Ube Industries, Ltd.

The major players operating in the global plastic injection molding machines market have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of plastic injection molding machine products. For instance, in January 2021, Arburg GmbH + Co KG acquired AMK Arnold Muller GmbH & Co. KG with its automation division, and formed a new company AMKmotion GmbH + Co KG. The acquisition aimed to improve the product portfolio of its injection molding machines.  

Plastic Injection Molding Machines Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

LAMEA is expected to grow at highest CAGR during forecast period

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging plastic injection molding machines market trends and dynamics.  
  • In-depth market analysis is conducted by the market estimations for the key market segments between 2020 and 2030. 
  • Extensive analysis of the plastic injection molding machines market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global plastic injection molding machines market forecast analysis from 2021 to 2030 is included in the report.
  • The key players within the plastic injection molding machines industry are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market.

Global  Segments

By Material

  • Polypropylene
  • Polyethylene
  • Thermoplastic Elastomer
  • Cyclic Olefin Copolymer
  • Acrylonitrile Butadiene Styrene
  • Others

By Application

  • Packaging
    • Personal Care
    • Thinwall Containers
    • Others
  • Closures
  • Medical
    • Surgery
    • Pharma
    • Diagnostics
    • Medical Equipment
    • Healthcare Devices
    • Others
  • PET Preforms
  • Automotive
  • Others

By Clamping Force

  • Less Than 200 Tons Force
    • Packaging
    • Closures
    • Medical
    • PET Preforms 
    • Automotive
    • Others
  • 200 Tons to 500 Tons Force
    • Packaging
    • Closures
    • Medical
    • PET Preforms 
    • Automotive
    • Others
  • More Than 500 Tons Force
    • Packaging
    • Closures
    • Medical
    • PET Preforms 
    • Automotive
    • Others

By Type

  • Standard Injection Molding Machine
    • Packaging
    • Closures
    • Medical
    • PET Preforms 
    • Automotive
    • Others
  • Multi-component Injection Molding Machine
    • Packaging
    • Closures
    • Medical
    • PET Preforms 
    • Automotive
    • Others
  • LSR Injection Molding Machine
    • Packaging
    • Closures
    • Medical
    • PET Preforms 
    • Automotive
    • Others

By Mode Of Operation

  • ALL- Electric
  • Hydraulic
  • Hybrid

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • Spain
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Indonesia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa
 

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Injection molding machine is also called as injection press. It is a machine for manufacturing plastic products by injection molding process. Clamping force and injection unit are two important components of injection molding machine. Injection molding machine is used for making plastic and rubber components for end users such as consumer goods, medical, automotive, and packaging industries.

Major companies, such as Haitian International, Hillenbrand Inc, and Shibaura Machine Co Ltd, have witnessed significant growth and expansion of their overall consumer base, as they offer numerous types of injection molding machines in different sizes and with attractive features. Moreover, innovative marketing and positioning strategies have influenced the expansion of the global injection molding machines market.

Major players, such as Shibaura Machine Co Ltd, Arburg GmbH + Co KG, and Engel Austria GmbH, are engaged in offering new product launches, which fuels the growth of the global plastic injection molding machines market. For instance, in August 2021, Engel Austria GmbH launched new Engel e-speed injection molding machines with hybrid injection unit and electrical clamping unit, with very short cycle time. It has a clamping force of 4,200 KN. It is best suitable for food, beverages, and closures applications.

Surge in demand for lightweight plastic products is projected to fuel the growth of the global plastic injection molding machines market in the coming years. Polyethylene segment is projected to be the highest revenue contributor, whereas Acrylonitrile butadiene styrene is expected to grow at a significant CAGR of 5.3% during the forecast period. However, high initial cost of equipment and part design restrictions are anticipated to restraint the growth of the market. On the other hand, technological advancements in injection molding machines are anticipated to provide lucrative opportunities for growth of the global plastic injection molding machines market.

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FREQUENTLY ASKED QUESTIONS?

A. The global plastic injection molding machines market size was $8,347.8 million in 2020 and is projected to reach $12,723.9 million in 2030, growing at a CAGR of 4.9% from 2021 to 2030.

A. The forecast period considered for the plastic injection molding machines market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.

A. The base year considered in the global plastic injection molding machines market is 2020.

A. The report for global plastic injection molding machines market doesn’t provide Value Chain Analysis, but if there is a requirement for the same, it could be added as an additional customization.

A. On the basis of application, the others segment is expected to be the most influencing segment growing in the global plastic injection molding machines market report.

A. Based on type segment in 2020, the standard injection molding machine segment generated the highest revenue, accounting for half of the market share, and is projected to grow at a CAGR of 3.7% from 2021 to 2030.

A. The report contains an exclusive company profile section, where the leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, and market dominance (in terms of revenue and volume sales).

A. The key trending markets based on the machine type, in the global plastic injection molding machines market is the electric machine segment.

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