The report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Injection molding machine market is likely to witness a modest CAGR of 2.9% during the forecast period.
Based on the product type, the market is segmented as plastic, rubber, metal, ceramic, and others. The plastic segment held the largest share of the market in 2019, 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.
Based on the machine type, the market is segmented as hydraulic, all-electric, and hybrid. The hydraulic segment captured the largest share of the market in 2019, and is estimated to maintain its legacy during the forecast period on account of long service period, enhanced performance, and reduced maintenance costs.
Based on the end-use industry type, the market is segmented as automotive, consumer goods, packaging, healthcare, electrical & electronics, and others. The automotive and consumer goods are the major segments of the injection molding machine market. Increase in use of injection molding machines in manufacturing automotive components and consumer goods products drives the market.
Based on the clamping force type, the market is segmented as 0-200-ton force, 201-500-ton force, and above 500-ton force. The above 500-ton force segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period owing to increase in use of more than 500-ton force injection molding machines to manufacture large injection molded parts.
In terms of regions, Asia-Pacific is estimated to be the fastest-growing injection molding machine market during the forecast period 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.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Injection Molding Machine Market analysis report discusses the following heads in great detail:
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