DUBLIN--(BUSINESS WIRE)--The "Injection Molding Machine Market by Product Type (Plastic, Rubber, Metal), Machine Type (Hydraulic, All-Electric, Hybrid), End-Use Industry (Automotive, Packaging, Consumer Goods), Clamping Force (0-200, 201-500, Above 500) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The injection molding machine market is estimated to be USD 17.08 billion in 2018 and is projected to reach USD 19.68 billion by 2023, at a CAGR of 2.9% between 2018 and 2023.
The injection molding machine market is largely driven by the rising demand for injection-molded parts from the automotive, packaging, consumer goods, healthcare, and electrical & electronics end-use industries. Injection molding machines offer various advantages, such as enhanced accuracy, improved flexibility, and high level of energy efficiency in the manufacturing process. These advantages enable these machines to manufacture a greater range and variety of products.
The high demand from the packaging industry, rising demand for energy saving, growing automotive industry, and advancements in injection molding technology are some of the factors driving the injection molding machine market. However, the use of injection molding machines for lower production capacities is less economical, which is a major factor restraining the growth of the market.
The all-electric machine type segment is expected to witness the highest growth, in terms of value, from 2018 to 2023. All-electric machines are quieter, faster, and more accurate as compared to other types of injection molding machines, and can save up to 50%-70% energy as compared to hydraulic injection molding machines.
All-electric injection molding machines are the most preferred type of injection molding machines owing to their lower use of chilled water, decreased housekeeping and preventive maintenance, lower energy and oil consumption, and lower repair rate. An all-electric injection molding machine allows the operation to become more competitive with better part quality. These factors are expected to drive the demand for all-electric injection molding machines during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Injection Molding Machine Market, By Product Type
7 Injection Molding Machine Market, By Machine Type
8 Injection Molding Machine Market, By Clamping Force
9 Injection Molding Machine Market, By End-Use Industry
10 Injection Molding Machine Market, By Region
11 Competitive Landscape
12 Company Profiles
- Arburg GmbH & Co. Kg
- Boco Pardubice Machines S.R.O.
- Borche North America Inc.
- Chen Hsong Holdings Limited
- Dongshin Hydraulic Co., Ltd.
- Dr. Boy GmbH & Co. Kg
- Engel Austria GmbH
- Fu Chun Shin Machinery Manufacture Co., Ltd.
- Haitian International Holdings Limited
- Huarong Plastic Machinery Co., Ltd.
- Husky Injection Molding Systems Ltd
- Kraussmaffei Group GmbH
- Milacron Holdings Corp.
- Mitsubishi Heavy Industries Plastic Technology Co., Ltd.
- Mold Hotrunner Solutions Ltd.
- Multiplas Enginery Co., Ltd.
- Negri Bossi S.P.A.
- Nigata Machine Techno Company, Ltd.
- Nissei Plastic Industrial Co., Ltd
- Oima SRL
- R.P. Injection SRL
- SMF Maschinenfabrik GmbH
- Sumitomo Heavy Industries Limited
- The Japan Steel Works Ltd.
- Toshiba Machine Co., Ltd.
- Toyo Machinery & Metal Co., Ltd.
- Woojin Plaimm Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/bn8tjj/injection_molding?w=4