The injection molding machine market was estimated to be worth USD 15.9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2034, when it is expected to reach USD 21.5 billion. An element of the manufacturing process that has several advantages for the production line is the injection molding machine. The market is developing and sustainable since it is associated with a variety of sectors.
An essential tool in the manufacturing process that turns raw materials into a variety of goods is the injection molding machine. These devices function by first heating the materials to a molten state, then injecting them under intense pressure into a mold and cooling them to take on the required shape. Rubber, ceramics, metal, plastic, and other materials are among them. Molds for injection molding machines can be secured in a vertical or horizontal orientation.

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GROWTH DRIVERS
The growing need for lightweight automobile components as a result of the industry's adoption of lighter materials to cut emissions and increase fuel economy. The machinery used for injection molding are perfect for creating lightweight plastic parts. As per Statista, the global car sales in 2023 increased to approximately 75.3 million vehicles, from approximately 67.3 million units in 2022. According to Omega Plastics Group, automakers are implementing new materials to lighten their vehicles as a result of regulatory mandates.
Global e-commerce sales are expected to reach USD 6.8 trillion in 2025 and then add another USD 550 billion to reach USD 7.4 trillion in 2026. By 2027, global retail e-commerce revenues are projected to reach USD 7.9 trillion. Injection molded components are used extensively in the medical industry for gadgets, diagnostic tools, and disposals. The need for accurate and dependable injection molding machines is rising due to the expanding healthcare needs and the improvement of technology in medical devices.
The aforementioned estimates indicate a growing need for novel and inventive technology (such as wearables) and services (such health data), given the rise in lifestyle-related illnesses and the untapped potential of emerging economies, especially those in China and India. Injection molded components, ranging from housing and enclosures to components and accessories, are widely utilized in the consumer goods and electronics industries.
MARKET SEGMENTATION:
· By Material Type- Plastic (Thermoplastic & Thermosets), Metal (Powder & Liquid), Rubber, Ceramic and Others
· By Machine Type- Electric, Hydraulic and Hybrid
· By Clamping Force - 0-200 Ton Force, 201-500 Ton Force, above 500 Ton Force
· By End Users- Automotive, Packaging, Electronics, Healthcare, Consumer goods, Building and Construction and others
· By Region- North America, Europe, Asia Pacific, The Middle East and Africa, South America
Global Key Players:
· Arburg GmbH + Co KG
· Haitian International Holdings Limited
· Milacron
· Nissei Plastic Industrial Co., Limited
· Engel Austria GmbH
· Sumitomo (SHI) Demag Plastics Machinery GmbH
· Chen Hsong Holdings Limited
· Toyo Machinery & Metal Co., Ltd
· Husky Injection Molding Systems Ltd
· Japan Steel Works Limited
· KraussMaffei Group
· UBE Machinery
· Shibaura Machine Co. Ltd.
· Wittmann Battenfeld
· Other Players

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