San Francisco, 18 January, Injection
Molding Machine Market Size, Share & Trends Analysis Report By Materials
(Plastic, Metal), By Technology (Hydraulic, Electric), By End Use (Automotive,
Consumer Goods), And Segment Forecasts, 2018 – 2025.
The global injection molding machine market size is anticipated to be valued at USD
22.45 billion by 2025, according to a new report by Grand View Research, Inc.
It is projected to expand at a CAGR of 3.5% over the forecast period. Growing
demand for lightweight and complex automotive and electronic components is
projected to enhance the requirement for Injection Molding Machines (IMM).
Rising industrialization,
technological developments, rapid urbanization, and growth in infrastructure
are anticipated to augment demand for IMM. Increasing mass production in
automotive, consumer goods, and electronics industries are expected to propel
the global injection molding machine market over the forecast period.
On the basis of materials, IMM
market is segmented into plastic and metal injection molding machines. In terms
of revenue, the plastic segment valued at USD 12.99 billion in 2017. It is
projected to hold the largest market share over the forecast period.
Automotive segment was valued
at USD 4.97 billion in 2017 and is projected to register significant expansion
in the forthcoming years. Injection molding machines find a range of
applications in automotive industry. They are used to manufacture the most
complex and critical parts including interior and exterior trim components,
electronic subassemblies, and under-hood application components. Consumable
goods are among the largest segment where IMMs are used to manufacture personal
hygiene products, housewares, cosmetics, and convenience goods.
In terms of technology,
electric injection molding machine market accounted for USD 5.8 billion in 2017
and is anticipated to witness robust growth over the forecast period. High
adoption of electric injection molding machine for diverse applications across
electronics, packaging, and healthcare industries is likely to boost the demand
over the forecast period. In 2017, the electrically operated machines segment
accounted for around 34.00% of the global injection molding machine market
share. High adoption of technology coupled with production costs of these
manufacturing processes over the existing processes is projected to encourage
market growth.
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Report On Injection Molding Machine Market Analysis:
Further key findings from the report suggest:
·
The U.S. injection molding
machine market revenue is projected to expand at a CAGR of 1.10% over the
forecast period. U.S. is among the largest consumer compelled by demand for
lightweight and complex components from automotive sector
·
Germany is projected to grow
over USD 2.23 billion over the forecast period. Presence of advanced
infrastructure and technology, R&D initiatives, and highly skilled
workforce are expected to drive the growth
·
China is the largest market for
injection molding machine in Asia Pacific and is anticipated to reach USD 3.71
billion in 2025. The country has the largest population in the world and
rapidly growing automotive and electronics industries resulting largest market
share in the region
·
Key market participants include
Chen Hsong Holdings Limited, Engel Austria GmbH, Arburg GmbH & Co. KG,
Milacron Holdings Corp., Sumitomo (SHI) Demag Plastics Machinery GmbH, Haitian
International Holdings Limited, Nissei Plastic Industrial Co. Limited, and
Husky Injection Molding Systems Ltd.
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Grand View Research At: www.grandviewresearch.com/industry/micro-molding-and-microspheres
Grand View Research has segmented the
global injection molding machine market on the basis of material, technology,
end use and region:
Injection Molding Machine
Material Outlook (Revenue, USD Billion, 2014 - 2025)
·
Plastic
·
Metal
Injection Molding Machine
Technology Outlook (Revenue, USD Billion, 2014 - 2025)
·
Hydraulic
·
Electric
·
Hybrid
Injection Molding Machine End
Use Outlook (Revenue, USD Billion, 2014 - 2025)
·
Automotive
·
Consumer Goods
·
Packaging
·
Electronics
·
Others
Injection Molding Machine
Regional Outlook (Revenue, USD Billion, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
France
o
Spain
o
Italy
o
Denmark
o
Austria
·
Asia Pacific
o
China
o
Japan
o
India
o
South Korea
o
Taiwan
·
Central & South America
o
Brazil
o
Argentina
·
Middle East & Africa
o
UAE
o
Saudi Arabia
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
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