Injection Molding Machine Market Size Worth $22.45 Billion By 2025: Grand View Research, Inc.
SAN FRANCISCO, January 10, 2019 /PRNewswire/ --
The global injection molding machine market size is anticipated to be valued at USD 22.45 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 3.5% over the forecast period. Growing demand for lightweight and complex automotive and electronic components is projected to enhance the requirement for Injection Molding Machines (IMM).
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Rising industrialization, technological developments, rapid urbanization, and growth in infrastructure are anticipated to augment demand for IMM. Increasing mass production in automotive, consumer goods, and electronics industries are expected to propel the global injection molding machine market over the forecast period.
On the basis of materials, IMM market is segmented into plastic and metal injection molding machines. In terms of revenue, the plastic segment valued at USD 12.99 billion in 2017. It is projected to hold the largest market share over the forecast period.
Automotive segment was valued at USD 4.97 billion in 2017 and is projected to register significant expansion in the forthcoming years. Injection molding machines find a range of applications in automotive industry. They are used to manufacture the most complex and critical parts including interior and exterior trim components, electronic subassemblies, and under-hood application components. Consumable goods are among the largest segment where IMMs are used to manufacture personal hygiene products, housewares, cosmetics, and convenience goods.
In terms of technology, electric injection molding machine market accounted for USD 5.8 billion in 2017 and is anticipated to witness robust growth over the forecast period. High adoption of electric injection molding machine for diverse applications across electronics, packaging, and healthcare industries is likely to boost the demand over the forecast period. In 2017, the electrically operated machines segment accounted for around 34.00% of the global injection molding machine market share. High adoption of technology coupled with production costs of these manufacturing processes over the existing processes is projected to encourage market growth.
Browse full research report with TOC on "Injection Molding Machine Market Size, Share & Trends Analysis Report By Materials (Plastic, Metal), By Technology (Hydraulic, Electric), By End Use (Automotive, Consumer Goods), And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/injection-molding-machine-market
Further Key Findings From the Report Suggest:
- The U.S. injection molding machine market revenue is projected to expand at a CAGR of 1.10% over the forecast period. U.S. is among the largest consumer compelled by demand for lightweight and complex components from automotive sector
- Germany is projected to grow over USD 2.23 billion over the forecast period. Presence of advanced infrastructure and technology, R&D initiatives, and highly skilled workforce are expected to drive the growth
- China is the largest market for injection molding machine in Asia Pacific and is anticipated to reach USD 3.71 billion in 2025. The country has the largest population in the world and rapidly growing automotive and electronics industries resulting largest market share in the region
- Key market participants include Chen Hsong Holdings Limited, Engel Austria GmbH, Arburg GmbH & Co. KG, Milacron Holdings Corp., Sumitomo (SHI) Demag Plastics Machinery GmbH, Haitian International Holdings Limited, Nissei Plastic Industrial Co. Limited, and Husky Injection Molding Systems Ltd.
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Browse related reports by Grand View Research:
- Aluminum Casting Market - The aluminum casting market size was valued at USD 49.47 billion in 2016 and is expected to grow at a CAGR of 7.8% over the forecast period.
- Metal Injection Molding (MIM) Market - The global metal injection molding (MIM) market size was valued at USD 2.1 billion in 2015 and is projected to grow at a CAGR of 11.9% from 2016 to 2025.
- Microspheres Market - The global microspheres market size was valued at USD 3.2 billion in 2015 and is expected to grow at a CAGR of 10.4% over the forecast period.
- Casting and Splinting Market - The Global casting and splinting market is expected to show lucrative growth over the forecast period.
Grand View Research has segmented the global injection molding machine market on the basis of material, technology, end use and region:
- Injection Molding Machine Material Outlook (Revenue, USD Billion, 2014 - 2025)
- Plastic
- Metal
- Injection Molding Machine Technology Outlook (Revenue, USD Billion, 2014 - 2025)
- Hydraulic
- Electric
- Hybrid
- Injection Molding Machine End Use Outlook (Revenue, USD Billion, 2014 - 2025)
- Automotive
- Consumer Goods
- Packaging
- Electronics
- Others
- Injection Molding Machine Regional Outlook (Revenue, USD Billion, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Spain
- Italy
- Denmark
- Austria
- Asia Pacific
- China
- Japan
- India
- South Korea
- Taiwan
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- UAE
- Saudi Arabia
- North America
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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