Injection Molding Machine Market Expands with Hydraulic Segment at a robust CAGR
The
increasing global injection molding machine market is driven by increasing
demand for plastic products, advancements in manufacturing technologies during
the forecast period 2024-2028.
According
to TechSci Research report, “Global
Injection Molding Machine Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast 2018-2028, The Global Injection Molding Machine
Market is a vital component of the modern manufacturing ecosystem. These
machines are at the core of producing a vast range of plastic and polymer-based
products that touch almost every aspect of our daily lives, from consumer goods
to automotive parts. This market is marked by its diversity, offering a
spectrum of machines varying in size, technology, and capabilities to cater to
the diverse needs of manufacturers across different industries.
One
of the defining trends in this market is the dominance of the Asia-Pacific
region. This geographical sector has emerged as a powerhouse, driven by its
manufacturing prowess, rapid industrialization, and the strong presence of
robust sectors such as automotive and electronics. Asia-Pacific's influence on
the global market is further accentuated by its growing demand for
energy-efficient and precision-focused machines.
The
industry is witnessing an ongoing evolution in machine types, with a focus on
energy efficiency and precision. Hydraulic, all-electric, and hybrid machine
types are being developed to meet diverse manufacturing requirements. Among
these, hydraulic machines are known for their high clamping force, durability,
and cost-effectiveness, making them a dominant choice, especially in industries
requiring substantial tonnage.
Sustainability
has become a pivotal consideration in the Injection Molding Machine Market.
Manufacturers are increasingly looking toward aftermarket services and machine
upgrades to align with environmentally responsible production practices. These
solutions not only extend the lifespan of machines but also contribute to waste
reduction and a lower carbon footprint.
A
global network of service providers ensures that maintenance and repair
services are readily available, minimizing production downtime and enhancing
asset management. Predictive maintenance capabilities are becoming more
prevalent, allowing manufacturers to proactively address issues and optimize
machine performance, thereby streamlining operations.
Browse over XX market data Figures spread through XX Pages
and an in-depth TOC on the "Injection Molding Machine Market."
The
global injection molding machine market is segmented into clamping force, machine
type, solution, pressure type, application, and region. Based on clamping force,
the market is segmented into less than 200 tons force, 200-500 tons force, more
than 200-500 tons force. Based on machine type, the market is segmented into
all-electric, hydraulic, hybrid. Based on solution, the market is segmented
into new sales, aftermarket. Based on pressure type, the market is segmented
into low pressure, high pressure. Based on application, the market is segmented
into automotive, packaging, electronics, healthcare, consumer goods, toy
making, building & construction, home appliances, others. Based on region,
the market is further bifurcated into North America, Asia-Pacific, Europe, South
America, Middle East & Africa.
Based
on solution, aftermarket dominated in the global injection molding machine market
in 2022. Aftermarket services encompass maintenance, repair, and optimization
of existing Injection Molding Machines. These services are critical to ensuring
the smooth and efficient operation of machines over their lifespan.
Manufacturers recognize the importance of maintaining their equipment to
prevent downtime, reduce operational disruptions, and optimize production
efficiency.
Investing
in new Injection Molding Machines can be a substantial capital expense. Many
manufacturers opt for aftermarket solutions as a cost-effective alternative to
extending the life and performance of their existing machinery. By refurbishing
and upgrading older machines, companies can achieve comparable production
results without the significant investment required for new equipment.
Sustainability
is a growing concern in manufacturing industries. Extending the lifespan of
Injection Molding Machines through aftermarket services aligns with
sustainability goals. By refurbishing and retrofitting existing machines,
manufacturers can reduce waste, lower their carbon footprint, and contribute to
a more environmentally responsible production process.
Aftermarket
solutions offer the flexibility to tailor upgrades and retrofits to specific
needs. Manufacturers can enhance their Injection Molding Machines with the
latest technology, control systems, and safety features, ensuring they remain
competitive and compliant with evolving industry standards.
Downtime
can be costly for manufacturers, impacting production schedules and
profitability. The Aftermarket segment provides quick and efficient solutions
to address issues and minimize downtime. Timely maintenance and repair services
ensure that machines are back in operation swiftly, preventing prolonged
interruptions.
Key
market players in the global Injection Molding Machine market are: -
- Haitian International Holdings Limited
- Engel Austria GmbH
- Milacron LLC
- Sumitomo (SHI) Demag Plastics
Machinery GmbH
- Chen Hsong Holdings Limited
- Arburg GmbH & Co KG
- Husky Injection Molding Systems Ltd.
- JSW Plastics Machinery Ltd.
- Nissei Plastic Industrial Co., Ltd.
- KraussMaffei Group GmbH
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“The
Global Injection Molding Machine Market is a vital pillar of modern
manufacturing. These machines are pivotal in producing a wide array of plastic
products, from everyday consumer items to intricate automotive components. The
market offers a diverse range of machines catering to varying needs, from size
and technology to capabilities. Asia-Pacific leads the market, driven by its
industrial prowess and robust sectors like automotive and electronics.
Sustainability is a key focus, with aftermarket services and machine upgrades
aligning with eco-friendly production. A global service network ensures timely
maintenance, while predictive capabilities enhance efficiency. Injection
molding machines continue to be pivotal in delivering precision and
customization across industries.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Injection
Molding Machine Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Clamping Force (Less Than 200 Tons Force, 200-500 Tons
Force, More Than 200-500 Tons Force), By Machine Type (All-electric, Hydraulic,
Hybrid), By Solution (New Sales, Aftermarket), By Pressure Type (Low Pressure,
High Pressure), By Application (Automotive, Packaging, Electronics, Healthcare,
Consumer Goods, Toy Making, Building & Construction, Home Appliances,
Others), By Region, and By Competition, 2018-2028,” has evaluated the future growth
potential of Global Injection Molding Machine Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Injection Molding Machine Market.
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