Home > Industrial Machinery > Industrial Equipment > Tools > Injection Molding Machine Market

Injection Molding Machine Market Trends

Report ID: GMI4467
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Injection Molding Machine Market Trends

The injection molding machine industry is trending toward increased automation and digitalization, with manufacturers adopting IoT and AI-driven systems to enhance efficiency and precision. Sustainability is also a major trend, as companies develop energy-efficient machines and explore recycled or biodegradable materials to meet environmental regulations. Multi-material and multi-component molding are gaining popularity, allowing manufacturers to produce complex parts in a single process, which is especially valuable for automotive and consumer electronics. Additionally, the market is seeing a shift toward electric and hybrid machines, which offer higher energy efficiency and better control compared to traditional hydraulic models.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

How big is the injection molding machine market?

The hydraulic segment was worth over USD 5.1 billion in 2023 and is expected to grow at a CAGR of over 4.4% from 2024 to 2032, fueled by increasing demand for durable, high-pressure machines.

The direct sales channel held a 55.1% share of the injection molding machine market in 2023 and is projected to grow at a 5% CAGR through 2032, driven by manufacturers' ability to provide tailored solutions and technical support.

The North America injection molding machine market size exceeded USD 2.7 billion in 2023 and is projected to witness more than 4.7% CAGR through 2032, proplled by the automotive, healthcare, and packaging sectors.

Major players operating in the injection molding industry include ARBURG, Borch Machinery, Electronica Plastic Machines, ENGEL Group, Haitian Plastics Machinery Group, Husky Injection Molding Systems, KraussMaffei Technologies GmbH, Milacron LLC, MICRO, Multiplas Enginery, Nissei Plastic Industrial, Polymechplast Machines, Sumitomo (SHI) Demag Plastics Machinery, Supermac Machinery, The Japan Steel Works, Ube Machinery Corporation, and Wittmann Battenfeld.