Plastic Injection Molding Machine Market by Type, Clamping Force, End-use Industry and Region - Global Forecast to 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Apr 12, 2021--
The “Global Plastic Injection Molding Machine Market by Type (Hydraulic, All-Electric, Hybrid), Clamping Force (0-200, 201-500, Above 500 Tons Force), End-use Industry, and Region - Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global plastic injection molding machines market is estimated at USD 8.9 billion in 2020 and is projected to reach USD 10.6 billion by 2025, at a CAGR of 3.61%.
201-500 Tons Force is projected to grow at highest CAGR, by clamping force, during the forecast period
The 201-500 ton-force segment accounted for the largest market share in terms of value, in 2019 and is projected to register the highest CAGR during the forecast period. This high growth is attributed to the rising demand for medium-sized molded parts from major end-use industries such as automotive, packaging, and consumer goods. The clamping force of 201-500 ton-force is mainly used in medium-sized plastic injection molding machines. Machine types such as hydraulic, all-electric, and hybrid are available in 201-500 ton-force. These machines are mainly used for applications in the automotive, packaging, and consumer goods industries, where relatively medium-sized molded parts are required.
Hydraulic injection molding machine is the largest machine type for plastic injection molding machine market in 2019
Hydraulic injection molding machine is the most popular machine type, primarily because of its long service life and a wide range of applications. The hydraulic injection molding machine consists of a fixed-speed, three-phase motor, and a variable-volume pump. Hydraulic injection molding machines have a long life, far drive distance, and low maintenance cost. This type of machine helps in significant reduction of production cycle time. Molders mainly use high-tonnage hydraulic machines for molding large parts. This machine is mainly used for producing high precision plastic components such as automotive parts, caps & closers, consumer goods, electrical & electronics goods, and medical items.
Automotive is estimated to be the largest end-use industry in plastic injection molding machine market between 2020 and 2025
Plastic injection molding machines are predominantly used in manufacturing automotive components, interior wrapping, and assembly parts, such as automotive exteriors, car lenses, interior components, under-the-hood components, and filter components. A strong shift in the use of plastics instead of iron and steel in the automotive industry is expected to drive the plastic injection molding machine market during the forecast period. Stringent government regulations have forced automotive manufacturers to use plastics instead of other materials such as iron and steel. Rapid economic growth, improved infrastructure, and rising middle-class population in emerging economies have led to an increase in vehicle production and sales, which, in turn, increase the demand for plastic injection molding machines. The rapidly growing automotive industry in APAC is also one of the major factors driving the plastic injection molding machine market.
APAC is expected to be the largest plastic injection molding machine market during the forecast period, in terms of value and volume
The APAC comprises major emerging nations such as China and India. Hence, the scope for the development of most industries is high in this region. The plastic injection molding machine market is growing significantly and offers opportunities for various manufacturers. The APAC region constitutes approximately 61% of the world’s population, and the manufacturing and processing sectors are growing rapidly in the region. The APAC is the largest plastic injection molding machine market with China being the major market which is expected to grow significantly. The rising disposable incomes and rising standards of living in emerging economies in the APAC are the major drivers for this market.
- High Demand from the Packaging Industry
- Rising Awareness About Energy Saving
- Growth in Automotive Sector Fueling Demand for Large Plastic Molds
- New Developments in Plastic Injection Molding Technology
- High Initial and Maintenance Cost of Machines
- Growing Demand from Healthcare Industry
- Growing Demand for Large-Tonnage Plastic Injection Molding Machines
- Rising Trend of Electric Vehicles to Increase Demand for Plastic Injection Molds
- High Heating and Hydraulic Pressure
- Less Economical for Small Production Capacities
- Arburg GmbH & Co. KG
- Boco Pardubice Machines S.R.O.
- Borche North America Inc.
- Chen Hsong Holdings Limited
- Dongshin Hydraulic Co. Ltd.
- Dr. Boy GmbH & Co. KG
- Engel Austria GmbH
- Fu Chun Shin Machinery Manufacture Co. Ltd.
- Haitian International Holdings Limited
- Hillenbrabd, Inc. (Milacron Holdings Corp.)
- Huarong Plastic Machinery Co. Ltd.
- Husky Injection Molding Systems Ltd.
- Kraussmaffei Group GmbH
- Mitsubishi Heavy Industries Plastic Technology Co. Ltd.
- Mold Hotrunner Solutions Ltd.
- Multiplas Enginery Co. Ltd.
- Niigata Machine Techno Company, Ltd.
- Nissei Plastic Industrial Co. Ltd.
- Oima Srl
- R.P. Injection Srl
- Shibaura Machine (Toshiba Machine Co. Ltd.)
- SMF Maschinenfabrik GmbH
- Sumitomo Heavy Industries Limited
- The Japan Steel Works Ltd.
- Toyo Machinery & Metal Co. Ltd.
- Woojin Plaimm Co. Ltd.
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INDUSTRY KEYWORD: CHEMICALS/PLASTICS OTHER MANUFACTURING MANUFACTURING
SOURCE: Research and Markets
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PUB: 04/12/2021 09:39 AM/DISC: 04/12/2021 09:39 AM