Injection Molding Machine Market is Forecasted to Reach US$ 13.58 Billion in 2028, Says Stratview Research

The global injection molding machine market is projected to witness a growth rate of 3.54% annually from 2022 to 2028, with an anticipated size of US$ 13.58 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global injection molding machine market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 13.58 billion
Growth (CAGR): 3.54% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Injection Molding Machine Market:

The global injection molding machine market is segmented based on product type, machine type, end-use industry type, clamping force type, and region.

Based on product type - The market is segmented as plastic, rubber, metal, ceramic, and others. The plastic segment held the largest market share of more than 70% in 2021 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. Metal segment is estimated to register a CAGR of nearly more than 4% during the forecast period

Based on machine type - The market is segmented as hydraulic, all-electric, and hybrid. The hydraulic segment captured the largest market share of more than 45% in 2021 and is estimated to maintain its legacy during the forecast period on account of its long service period, enhanced performance, and reduced maintenance costs.

Based on end-use industry type - The market is segmented as automotive, consumer goods, packaging, healthcare, electrical & electronics, and others. Automotive and consumer goods are the major segments with a market share of more than 35% in 2021. An increase in the use of injection molding machines in manufacturing automotive components and consumer goods products drives the market.

Based on clamping force type - The market is segmented into 0-200-ton force, 201-500-ton force, and above 500-ton force. The above 500-ton force segment held the largest market share in 2021 and is expected to remain dominant during the forecast period owing to the use of more than 500-ton force injection molding machines to manufacture large injection molded parts.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/1146/injection-molding-machine-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is estimated to be the fastest-growing market with a share of more than 30% in 2021. This growth outlook is majorly attributed to the following-

• 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.

Injection Molding Machine Market Drivers:

Some of the key drivers listed in the report are given below.
• There is an increasing demand for plastics in the packaging, building & construction, and automotive industries.
• The demand for goods such as processed food and beverages, medications, cars, and electronic devices has grown significantly because of the growing world population. This has fueled the use of plastic, owing to its versatility and capability to be tailored according to specific requirements.

Top Companies in the Injection Molding Machine Market:

Stratview Research has identified the following companies as the top market players.
• Arburg GmbH + Co KG
• Chen Hsong Holdings Limited
• Engel Austria GmbH
• Haitian International
• Husky Injection Molding Systems Ltd.
• Milacron
• Nissei Plastic Industrial Co., Ltd.
• Sumitomo Heavy Industries
• The Japan Steel Works, Ltd.
• Ved Machinery.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Injection Molding Machine Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Metal Injection Molding Market: https://www.stratviewresearch.com/1165/metal-injection-molding-market.html
• Medical Silicone Molding Market: https://www.stratviewresearch.com/3790/medical-silicone-molding-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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This release was published on openPR.