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The key highlights of the report include:
Market Overview (2016-2026)
- Forecast Market Size (2020): USD 16 billion
- Forecast CAGR (2021-2026): 3.4%
- Forecast Market Size (2026): USD 20 billion
Globally, the rise in demand for injection moulded plastic products is expected to accelerate the adoption of injection moulding machines. In addition, an increased focus on the use of energy-efficient equipment is projected to fuel the development of the global injection moulding industry. Moreover, the introduction of the hybrid machine and the rise in the usage of all-electric injection moulding machines are expected to drive the growth of the global demand for injection moulding machines over the coming years.
Industry Definition and Major Segments
Injection moulding machines conduct injection moulding processes that are usually used for the manufacture of plastic components; however, they may also be used for the manufacture of articles or pieces consisting of materials other than plastic. The injection moulding process may be used to manufacture a wide variety of parts or products that can differ considerably in their form, scale and end-use applications. The injection moulding system heats the substance to be injected into the mould in which the molten material cools and solidifies, assuming the form of the intended piece.
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On the basis of machine type, the machinery is bifurcated into:
On the basis of product type:
Based on clamping force, the market can be divided into:
- 0–200 Ton
- 201–500 Ton Force
- Above 500 Ton Force
Based on sales of the injection moulding machine market can be divided into:
By End Use injection moulding machine market can be divided into:
- Consumer Goods
- Electrical and Electronics
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The rising popularity of injection moulding machine is mainly due to the rapid industrialization trend in developing countries. Technological advances requiring specialized components of rapid urbanization and infrastructure growth are further driving growth. Increased demand for production timeline reduction also serves as an improvement in the market growth of injection moulding machines in recent years.
The factors that constrain the growth of the market are the ban on plastics across the world as a result of growing environmental awareness among the population. As plastics are extracted from naturally occurring materials such as coal, natural gas and crude oil, the rapid depletion of plastics also raises questions about potential demand development.
Key Market Players
The major players in the market are Haitian International Holdings Limited, Engel Machinery Inc., Sumitomo Heavy Industries Limited, Japan Steel Works, Ltd., Chen Hsong Holdings Limited, Nissei Plastic Ind, and others. The report covers the market shares, plant turnarounds, capacities, investments, expansions and mergers and acquisitions, among other latest developments of these market players.
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