Injection Molded Machine Market By Product Type (Plastic, Rubber, and Metal), By Machine Type (Hydraulic, All-Electric, and Hybrid), By End-Use Industry (Automotive, Packaging, and Consumer Goods), By Clamping Force (0-200, 201-500, 501 & above), Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2019-2025

Market Definition

Injection molding machine (IMM) is a machine for manufacturing plastic products by injection molding press. Components of IMM include an injection unit and a clamping unit. The injection unit is similar to an extruder while the clamping unit deals with the operation of mold. In addition, the injection unit offers efficiency in the application, high flexibility, and accuracy which help in the manufacturing of a wide range of products. IMM can be operated either horizontally or vertically. In major cases, horizontally oriented machines are observed. Further, vertical machines are used in some niche applications in industries The global injection molded machine market is estimated to reach $21.4 billion by 2025; growing at a CAGR of 3.1% till 2025. Rising industrialization, technological advancements, rapid urbanization, and growth in infrastructure is expected to spur the growth of the injection-molded machine market in the forecast timeframe.

Growth Factors

The surge in demand from the packaging industry and low waste production & material flexibility in IMM are key driving factors of the market. Further, rising demand from injection-molded plastic products also fuels market growth. The objective of the utilization of injection-molded plastic products at various end-user industries is due to its product differentiation feature apart from its normal functionality and cost-effective and efficient production. However, the threat of substitutes available in the market and high cost is incurred for machine tooling which might hamper the market growth. Moreover, technological advancements in IMM would provide lucrative opportunities for the market in the coming years.

Market Segmentation

The global injection molded machine market is mainly classified based on product type, machine type, end-use industry, and clamping force. Product type is further segmented into plastic, rubber, and metal. The plastic segment held for the majority of the share in the year 2018 and is expected to continue its trend throughout the forecast period. The high growth in the segment is attributed to the growing demand from end-use industries such as automotive, consumer goods, and packaging. By machine type, the market is divided into hydraulic, all-electric, and hybrid. Hydraulic is the most used machine in the injection molding market and therefore the segment contributed to the major share in the forecast period. Factors such as enhanced performance, low maintenance cost and rising demand from various industries such as automotive, consumer goods, and packaging are likely to propel the hydraulic machine market. By the end-use industry the market is further categorized into automotive, packaging, and consumer goods. Among the end-use industries, the automotive segment led the market with the highest shares in the year 2018. The market for the automotive industry is growing owing to the rising production of vehicles as well as surging demand for lightweight automotive components across the globe. Furthermore, by clamping force the global injection molded machine market is segregated as 0-200, 201-500, 501 & above.

Regional Segmentation

Based on geography, the global injection molded machine market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is categorized into India, Japan, China, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa. Asia-Pacific generated the largest revenue across the globe, where India, China, and Taiwan contributed to the highest shares in the region. The domination of APAC over the industry is credited to the growing urbanization, growing demand from the urban and rural population, and increasing foreign investments for automotive, electronics and consumer goods industries. China is prognosticated to be a single leader market shareholder throughout the forecast period owing to the rapid growth of the automotive and electronics industry.

Key Players

Key players operating in the injection-molded machine industry include Arburg GMBH + CO KG, Chen Hsong Holdings Limited., ENGEL AUSTRIA GMBH, HAITIAN INTERNATIONAL, Husky Injection Molding Systems, Ltd., Milacron Holdings Corp., Nessei Plastic Industrial Co. Ltd., Sumitomo Heavy Industries, Ltd., The Japan Steel Works, Ltd., and Ube Industries, Ltd. among others. Arburg GMBH + CO has applications in a wide range of industry verticals such as Automotive, Packaging, Electronics, Medical, Optics, and Technical Injection Moulding. The injection-molded machine under the category of ‘ALLROUNDER’ includes ALLROUNDER 920S for hydraulic machines, ALLROUNDER GOLDEN ELECTRIC for all-electric machines, and ALLROUNDER 720 H for hybrid machines among others. Moreover, Milacron Holdings Corp. manufactures Injection Molding Machines under All-Electric, Hydraulic, Servo, and Low-Pressure Injection Molding (LPIM). The Hydraulic Machines manufactured in the company include MAGNA TOGGLE and OMEGA. Further, the All-Electric category includes machines such as ELEKTRA, ELEKTRON, POWERPAK, and ROBOSHOT.

Injection Molded Machine Market Key Segments:

By Product Type

• Plastic
• Rubber
• Metal

By Machine Type

• Hydraulic
• All-Electric
• Hybrid

By End-Use Industry

• Automotive
• Packaging
• Consumer Goods

By Clamping Force

• 0-200
• 201-500
• 501 & above

By Geography

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • U.K
  • Germany
  • France
  • Italy
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • Japan
  • South Korea
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • GCC Countries
  • Egypt
  • South Africa
  • Rest of Middle East & Africa