CHICAGO, July 17, 2023 /PRNewswire/ -- The report "Plastic Injection Molding Machine Market by Machine Type (Hydraulic, All-Electric, Hybrid), End-Use Industry (Packaging, Automotive, Consumer Goods), Clamping Force (0-200, 201-500, Above 500) and Region - Global Forecast to 2028", The Plastic injection molding machine market size was USD 9.5 billion in 2022 and is projected to reach USD 11.6 billion by 2028, at a CAGR of 3.4%, between 2023 and 2028. Plastic injection molding machine are used in various end-use industries including automotive, packaging, consumer goods, healthcare, electrical & electronics and others. Plastic injection molding machines are used to produce a wide variety of consumer goods, including toys, packaging materials, electronics, and home appliances. These machines produce items like cases for smartphones, TV components, kitchenware, containers, and packaging solutions.
Browse in-depth TOC on "Plastic Injection Molding Machine Market"
160 – Tables
75 – Figures
270 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72063702
201-500 tons force is projected to register the highest CAGR, in terms of value, of the global plastic injection molding machine during the forecast period.
The clamping force of 201–500 ton-force is majorly 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 types of machines are mostly used for applications in end-use industries including automotive, packaging, and consumer goods, where proportionally medium-sized molded parts are required.
All-electric is projected to register the highest CAGR, in terms of value, of the global plastic injection molding machine during the forecast period.
All-electric plastic injection molding machines are relatively more energy-efficient compared to their hydraulic counterparts. As energy costs rise and environmental concerns become more prominent, manufacturers are increasingly opting for all-electric machines to reduce their carbon footprint and operational costs. All-electric machines provide precise control over the injection process, which leads to higher repeatability and accuracy in producing plastic parts.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=72063702
Automotive is estimated to be the largest application of the plastic injection molding machine, in terms of value, during the forecast period.
The automotive segment is estimated to be the largest application of the plastic injection molding machine market during the forecast period. Plastic injection molding machine have become a popular choice in automotive industry due to their extensive use in manufacturing a wide range of components including dashboards, bumpers, interior trim, door panels, and different other interior and exterior parts. The automotive industry is also influenced the shift towards electric and hybrid vehicles, increasing demand for advanced driving features, and the growing popularity of shared mobility services. All these factors drive the demand for plastic injection molding machine in automotive application.
Asia Pacific is estimated to be the largest market for the plastic injection molding machine market, in terms of value, during the forecast period.
Asia Pacific is the largest and fastest-growing plastic injection molding machine market. Asia uses plastic packaging extensively, with nations like China and India making significant contributions through their food and beverage industries. In the last few years, the packaging sector has been a significantly driven by innovation and technology in these countries, bringing value to a variety of production sectors, including agriculture and fast-moving consumer (FMCG) segments. With stricter regulations regarding energy efficiency and environmental impact, industries are increasingly adopting all-electric machines to meet compliance requirements. These machines align with sustainability goals and help companies meet standards set by regulatory bodies and certifications. All these factors drive the demand for plastic injection molding machine in Asia Pacific.
The key players profiled in the report include Haitian International Holdings Limited (China), Chen Hsong Holdings Ltd. (China), Engel Austria GmbH (Austria), Sumitomo Heavy Industries Limited (Japan), Hillenbrand, Inc. (US), Japan Steel Works Ltd. (Japan), Arburg GmbH (Germany), Nissei Plastic Industrial Co., Ltd. (Japan), Husky Injection Molding Systems Ltd. (Canada), and KraussMaffei Group GmbH (Germany).
Browse Adjacent Market: Equipment Machine and Tooling Market Research & Consulting
Related Reports:
Liquid Silicone Rubber Market - Global Forecast to 2026
Injection Molding Machine Market- Global Forecast to 2027
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/plastic-injection-molding-machine-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/plastic-injection-molding-machine.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/plastic-injection-molding-machine-market-worth-11-6-billion-by-2028--exclusive-report-by-marketsandmarkets-301878225.html
Voltar noticias em Inglês