Plastic Injection Molding Machine Market Report
Plastic Injection Molding Machine Market by Material (Polypropylene, Polyethylene, Thermoplastic Elastomer, Cyclic Olefin Copolymer, Acrylonitrile Butadiene Styrene, 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), Mode of Operation (All-Electric, Electric, Hydraulic, and Hybrid): and Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2023-2032
Plastic Injection Molding Machines Overview
A machine used for the injection moulding of plastic goods is a plastic injection moulding machine. An injection unit and a clamping unit make up its two main parts. By injecting molten material into the mould and allowing it to cool and solidify to form around the shape of the cavity, plastic injection moulding machines use injection moulding manufacturing techniques to make parts. Toys, medical equipment, and other plastic items are all produced using plastic injection moulding. Plastic injection moulding is widely used in the production of parts for the aerospace and automotive sectors.
Plastic injection moulding equipment is an effective and energy-efficient way to produce plastic products in large quantities. The market is anticipated to advance due to the growing demand for plastics in the automotive, packaging, home appliance, and other end-user industries. Modern injection moulding techniques have made it easier and more productive to produce large quantities of intricate plastic shapes. Key emerging economies have raised their construction spending, which will fuel market expansion.
Global Plastic Injection Molding Machines Market Analysis
The market for plastic injection molding machines was estimated at $8928.2 million in 2022 and is anticipated to increase at a CAGR of 5.1% to reach $ 14396.0 million in 2032.
COVID-19 Impact on Global Plastic Injection Molding Machines Market
The effects of COVID-19 on the market included lack of raw materials and subcontractors, disruptions to the supply chain, and contract terminations to control prices. Geopolitical forces prompted regional and local purchases of raw materials even before the COVID-19 pandemic leading to short manufacturing runs.
The market for injection moulding machines is anticipated to expand as a result of rising automation adoption and rising demand from consumers and auto product manufacturers.
Growing Demand from the Packaging Sector to Drive the Market Growth
In the packaging sector, injection moulding machines are essential. Additionally, as packaging is crucial to a nation's economy's sustainable transition, the goods they produce should be both affordable and reusable. Additionally, producers must make sure that products are readily visible, and that handling does not compromise the seals. The manufacturing period has increased due to the reduction of filling time provided by injection moulding machines. Modern injection moulding machines also give users the ability to maximise their utilisation of available resources and energy expenses. One such crucial element that is boosting demand for injection moulding equipment in this sector is flexibility.
For instance, the hybrid El-Exis SP is a premium injection moulding machine that enables users to boost production rate and efficiency. It also offers increased repeatability and extremely dynamic injection speeds. With its high injection dynamics and quickest injection times, the apparatus also complies with and beyond the current industry standards.
Maintenance Costs of Machines to Restrain the Market Growth
The production efficiency, low injection times owing to dynamic servo-motors, higher repeatability, and less noise are factors driving the market. The investment expenses in plastic injection moulding machine market are significant due to the advanced technology of all-electric machinery. Another drawback is the extra maintenance required in the event of waste. In the event of a motor failure, the entire system must be replaced, resulting in much higher maintenance expenses. All these factors restrict the market growth during the forecast period.
Advancements in Technology to Drive Excellent Opportunities
Manufacturers are now able to create more effective and affordable plastic injection moulding equipment because of technological advancements. For instance, the manufacturing process is becoming more accurate and productive because of the usage of automation and robotics. Additionally, the range of uses for plastic injection moulding machines is expanding due to the introduction of new materials like high-performance polymers. The accuracy and productivity of the plastic injection moulding process are being enhanced through the use of automation and robotics. Automated equipment can be programmed to carry out particular tasks, thereby reducing errors and enhancing output. All these factors create an excellent opportunity for the market growth.
Global Plastic Injection Molding Machines Market Share, by Material, 2022
The polyethylene sub-segment accounted for the highest market share in 2022. The industry is expanding due to the rising demand for polyethylene in several end-use industries, including packaging, automotive, and consumer products. Bottles, containers, toys, and electrical components can all be made from polyethylene, which is a flexible substance. Additionally, it is a rather cheap material, making it a sensible choice for many producers. Throughout the forecast period, the polyethylene segment is anticipated to maintain its dominance in the market for plastic injection moulding machines. The category will grow as a result of rising demand for lightweight plastic items as well as rising demand for polyethylene in several end-use industries.
Global Plastic Injection Molding Machines Market Size, by Clamping Force, 2022
The more than 500 tonnes force sub-segment accounted for the highest market share in 2022. This is because there is a growing need for large-tonnage plastic injection moulding equipment for use in industrial, automotive, and appliance applications. Large, clamping-force-demanding moulded items are produced with these machines. The increasing demand for lightweight and robust plastic components across a range of end-use sectors is what is driving the growth in demand for these machines. One of the main ends used for plastic injection moulding equipment is the automotive sector. The need for plastic parts in the automotive industry is being driven by the rising demand for lightweight and fuel-efficient automobiles.
Global Plastic Injection Molding Machines Market Growth, by Type, 2022
The standard injection molding machine segment accounted for the highest market share in 2022. The most prevalent form of injection moulding machines, standard injection moulding machines are utilised for a wide range of applications. They are simple to use and maintain, relatively less expensive than other varieties of injection moulding equipment. Additionally, standard injection moulding machines come in several sizes and capacities, making them appropriate for a range of applications. The rising need for plastic items, rising automation usage, and rising demand from emerging nations will all contribute to the segment's growth. The segment will however experience difficulties due to competition from different kinds of injection moulding equipment and high startup costs.
Global Plastic Injection Molding Machines Market Analysis, by Mode Of Operation, 2022
The hybrid segment accounted for the highest market share in 2022. The benefits of both hydraulic and electric machines are combined in hybrid machines. They offer more precision and control than electric machines and are more energy-efficient than hydraulic machines. They are therefore perfect for a variety of uses in the electronics, medical, and automotive industries. Throughout the projected period, the hybrid market sector is anticipated to expand significantly. The market will expand as a result of the rising consumer demand for products that are high-precision, energy-efficient, and of high quality.
Global Plastic Injection Molding Machines Analysis, by Region, 2022
The North America plastic injection molding machines market generated the highest revenue in 2022. Due to the region's established industrial infrastructure and technical improvements, the manufacturing sector has expanded significantly, which has increased demand for plastic injection moulding equipment. Numerous important participants in the plastic injection moulding machine market, including producers, suppliers, and distributors, are based in North America. These businesses consistently innovate and implement cutting-edge technology to improve the accuracy, automation, and efficiency of plastic injection moulding operations. The e-commerce, food and beverage, and consumer products industries are driving the demand for packaging in North America. Machines for plastic injection moulding are frequently used to create packaging components like bottles, containers, caps, and closures. The use of injection moulding technology is further encouraged by the increasing focus on environmentally friendly and sustainable packaging options. Overall, the North America region plays a significant position in the worldwide plastic injection moulding machine market and is anticipated to experience continuous growth in the future years because of its strong industrial base, technical breakthroughs, and various end-user industries.
Competitive Scenario in the Global Plastic Injection Molding Machines Market
Investment and agreement are common strategies followed by major market players. For instance, in January 2021, Arburg GmbH + Co KG merged with AMK Arnold Muller GmbH & Co. KG's automation section to establish AMKmotion GmbH + Co KG. The acquisition sought to expand the company's product offering of injection moulding equipment.
Some of the plastic injection molding machines market players are 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.
Historical Market Estimations
Base Year for Market Estimation
Forecast Timeline for Market Projection
North America, Europe, Asia-Pacific, and LAMEA
Segmentation by Material
Segmentation by Clamping Force
Segmentation by Type
Segmentation by Mode 0f Operation
Key Companies Profiled
Q1. What is the size of the global plastic injection molding machines market?
A. The size of the global plastic injection molding machines market was over $8928.2 million in 2022 and is projected to reach $14396.0 million by 2032.
Q2. Which are the major companies in the plastic injection molding machines market?
A. ARBURG GmbH + Co KG, ENGEL Austria GmbH, Haitian International Holding Ltd are some of the key players in the global plastic injection molding market.
Q3. Which region, among others, possesses greater investment opportunities shortly?
A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What are the strategies opted by the leading players in this market?
A. Agreement and investment are the two key strategies opted for by the operating companies in this market.
Q5. Which companies are investing more in R&D practices?
A. ARBURG GmbH + Co KG, ENGEL Austria GmbH, Haitian International Holding Ltd are the companies investing more in R&D activities for developing new products and technologies.