According to a new report published by Allied Market Research, titled,"Injection Moulding Machines Market: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global injection moulding machines market was $15,255 million in 2017, and is projected to reach $22,323 million in 2025, growing at a CAGR of 4.7%. The all-electric segment accounted for around two-fifths of the market share in 2017 and is expected to witness significant growth during the forecast period.
By the use of injection moulding machines, highly precise mass production of injection molded plastic components is possible. Injection moulding machine serves as an energy efficient and ideal solution for producing large volume of plastic products. The growth of the global injection moulding machines market is driven by surge in demand for plastic products across the world. In addition, the market for injection moulding machine is mainly compelled by the escalating demand for injection-molded parts from various end-use industries such as the automotive, packaging, consumer goods, and others.
Based on the machine type, the all-electric injection moulding machine segment is expected to account for the largest share in the global market during the forecast period as electric injection moulding machines consumes only around 40% energy as compared to the hydraulic ones in addition to huge benefits offered by them such as high precision and repeatability. Based on the clamping force, less than 200 tons force segment is expected to account for the maximum share during the forecast period. This is attributed to industries such as automotive, packaging, consumer goods, and others, opting for smaller injection moulding machinery to produce small sized parts.
Key Findings of theInjection Moulding Machines Market:
- Based on clamping force, the less than 200 tons force segment was the largest revenue-generating segment in 2017.
- In 2017, electric injection moulding machine generated the highest revenue, accounting for almost two-fifths of the market, and is projected to grow at a CAGR of 5.4% from 2018 to 2025.
- The aftermarket segment is projected to grow at a significant CAGR.
- China accounted for approximately half the share of the Asia-Pacific injection moulding machine market in 2017.
Key players in this market adopted product launch, partnership, and expansion as their key strategies to meet the change in consumer demands. Furthermore, they launched energy-effective injection moulding machines of different sizes to strengthen their market position. The key players profiled in this report include ARBURG, ENGEL, Haitian International, Husky Injection Molding Systems, KraussMaffei Group, Milacron Holdings Corp., Nissei Plastic Industrial Co., Ltd., Sumitomo Heavy Industries, The Japan Steel Works, and Ube Industries, Ltd.