Injection Moulding Machines Market
Injection Moulding Machines Market Size, Share & Industry Analysis, By Product Type (Hydraulic, All-Electric, Hybrid), By Machine Tonnage (Below 200 Ton, 200-500 Ton, Above 500 Ton), By End-use Industry (Automotive, Packaging, Consumer Goods, Healthcare, Electrical & Electronics), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) - Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview:
The Injection Moulding Machines Market is expected to develop at a 4.2% CAGR from 2024 to 2031. The market value is predicted to rise from XX USD in 2024 to YY USD in 2031.
Asia-Pacific currently leads the industry, with key data suggesting robust manufacturing activity and technical breakthroughs. The market is growing steadily, owing to rising demand from numerous end-use sectors, technological advancements, and a growing trend towards automation in manufacturing processes.
Injection Moulding Machines Market Dynamics:
Market Trend: Shift towards all-electric injection moulding machines for enhanced efficiency and precision
The injection moulding machine market is experiencing a considerable shift towards all-electric equipment. Compared to hydraulic machines, these machines are more energy efficient, precise, and clean. All-electric machines offer greater control over the moulding process, resulting in higher quality products and lower scrap rates. Furthermore, they run more silently and require less maintenance, making them increasingly popular in a variety of industries. The trend is especially significant in areas that require very precise components, such as medical devices and electronics.
Market Driver: Growing demand from the automotive industry fuels market expansion
The automobile industry's growing use of plastic components is a primary driver of the injection moulding machine market. As automakers work to reduce car weight for better fuel efficiency and lower emissions, the demand for plastic parts has increased. According to a recent industry assessment, the average vehicle now contains more than 150 kg of plastic components, a 75% increase over vehicles built a decade earlier. This trend is likely to continue, with electric vehicles driving up demand for lightweight, long-lasting plastic parts. As a result, car manufacturers are investing in modern injection moulding machinery to accommodate increased demand while maintaining production efficiency.
Market Restraint: High initial investment costs may hinder adoption among small and medium-sized enterprises
The high initial cost of modern injection moulding machines can be a substantial obstacle to adoption, particularly for small and medium-sized businesses (SMEs). Modern injection moulding machines, notably all-electric and hybrid ones, include innovative features and technology that increase their cost. According to a recent industry survey, the average cost of a high-end injection moulding machine has climbed by 30% in the last five years as a result of technological developments. This cost factor can hinder market expansion, especially in locations with a high concentration of SMEs in the manufacturing sector.
Segment Overview:
All-Electric Injection Moulding Machines lead the market, driven by energy efficiency and precision:
All-electric injection moulding machines have emerged as the market's dominating category, accounting for a sizable market share. All-electric devices are popular because they offer several benefits such as energy savings, precision, and cleanliness. These machines consume up to 70% less energy than hydraulic machines, leading in significant long-term cost benefits for manufacturers.
All-electric machines' precision is especially valuable in industries that require high-accuracy components, such as medical devices and electronics. A renowned industry group discovered that all-electric machines may attain precision levels of up to 0.01mm, compared to 0.05mm for hydraulic machines. This level of accuracy is essential for making complex, high-quality parts with few flaws.
Recent technological developments have accelerated the introduction of all-electric injection moulding equipment. For example, the incorporation of Industry 4.0 technology like IoT sensors and improved control systems has increased the capability of these devices. A leading market research agency reported that the market share of all-electric machines climbed from 30% in 2019 to 45% in 2023, and this trend is projected to continue in the following years.
Regional Outlook:
Asia-Pacific leads the Injection Moulding Machines market, driven by robust manufacturing activities and technological advancements
Asia-Pacific dominates the worldwide Injection Moulding Machines market, with the biggest share. This supremacy is due to the region's strong manufacturing base, fast industrialisation, and growing adoption of innovative manufacturing technology.
China, as the world's largest industrial hub, plays an important role in driving regional market growth. The country's plastics industry has continuously expanded, with a special emphasis on the automotive, packaging, and consumer products industries. According to the China Plastics Processing Industry Association, the country's plastics production climbed by 8.4% in 2023 over the previous year, showing strong demand for injection moulding equipment.
India is another important market in the region, with fast expanding automotive and packaging industries. The Indian government's "Make in India" campaign has bolstered the manufacturing industry, resulting in increasing investments in modern manufacturing technologies such as injection moulding equipment.
Japan and South Korea are leading the way in injection moulding machine technology. These countries are home to numerous top producers of high-end, precision injection moulding machines that serve industries such as electronics and automobiles.
According to our recent study, the Asia-Pacific region will account for more than YY% of the worldwide injection moulding machine market by 2023. This supremacy is likely to last throughout the forecast period, thanks to ongoing industrialisation, increased foreign investment, and the region's emphasis on incorporating Industry 4.0 technologies into manufacturing processes.
Competitive Intelligence:
The Injection Moulding Machines market is characterised by the presence of numerous established companies as well as an increasing number of regional producers. To preserve their competitive advantage, market leaders prioritise technical advancements, product diversification, and strategic collaborations.
Engel Austria GmbH, Arburg GmbH + Co KG, Sumitomo (SHI) Demag Plastics Machinery GmbH, and Haitian International Holdings Limited are among the market's leading companies. These firms have a strong global presence and provide a wide range of injection moulding machines for a variety of sectors.
In terms of market share, the top five competitors control around YY% of the worldwide Injection Moulding Machines market. Engel Austria GmbH leads with an estimated YY% market share, closely followed by Haitian International Holdings Limited at YY%.
Recent market trends indicate a greater emphasis on producing smart, networked injection moulding equipment. For example, a major European manufacturer recently introduced a new line of injection moulding equipment with integrated IoT capabilities, enabling real-time monitoring and predictive maintenance.
Mergers and acquisitions have also been an important method for market growth. In 2023, a big Asian firm purchased a European injection moulding machine expert to bolster its position in the high-end market.
The competitive landscape is changing with the arrival of new firms, particularly from emerging markets. Chinese manufacturers are gaining headway in the worldwide market by providing cost-effective machines with improved quality and features.
Analyst Opinion:
The market for injection moulding machines is expected to rise steadily in the coming years, owing to rising demand from a variety of end-use industries and technical improvements. The transition to all-electric and hybrid machines is projected to continue, with an increased emphasis on energy efficiency and precision manufacturing.
One unique development to monitor is the incorporation of artificial intelligence (AI) and machine learning algorithms into injection moulding equipment. These technologies offer the ability to optimise manufacturing processes, eliminate faults, and boost overall efficiency. Early adopters of AI-powered injection moulding machines may acquire a considerable competitive advantage in the market.
Major Players:
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Engel Austria GmbH
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Arburg GmbH + Co KG
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Sumitomo (SHI) Demag Plastics Machinery GmbH
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Haitian International Holdings Limited
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KraussMaffei Group GmbH
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Nissei Plastic Industrial Co., Ltd.
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Husky Injection Molding Systems Ltd.
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Toshiba Machine Co., Ltd.
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Fanuc Corporation
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Milacron Holdings Corp.
Key Developments:
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May 2023: Engel Austria GmbH introduces a new line of all-electric injection moulding machines with advanced IoT capabilities for real-time monitoring and predictive maintenance.
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In February 2024, Haitian International Holdings Limited announced a collaboration with a renowned car manufacturer to create specialised injection moulding solutions for electric vehicle components.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies list by Country) (Premium)
5. COMPANY PROFILES
5.1. Engel Austria GmbH
5.2. Arburg GmbH + Co KG
5.3. Sumitomo (SHI) Demag Plastics Machinery GmbH
5.4. Haitian International Holdings Limited
5.5. KraussMaffei Group GmbH
5.6. Nissei Plastic Industrial Co., Ltd.
5.7. Husky Injection Molding Systems Ltd.
5.8. Toshiba Machine Co., Ltd.
5.9. Fanuc Corporation
5.10. Milacron Holdings Corp. (LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Shift towards all-electric injection moulding machines for enhanced efficiency and precision
6.1.2. Integration of Industry 4.0 technologies in injection moulding processes
6.1.3. Growing demand for large tonnage machines in automotive and construction industries
6.2. Market Drivers
6.2.1. Growing demand from the automotive industry fuels market expansion
6.2.2. Increasing adoption of plastic components in various end-use industries
6.2.3. Technological advancements leading to improved machine efficiency and productivity
6.3. Market Restraints
6.3.1. High initial investment costs may hinder adoption among small and medium-sized enterprises
6.3.2. Fluctuating raw material prices affecting overall production costs
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY PRODUCT TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Hydraulic
7.2. All-Electric
7.2.1. Standard All-Electric Machines
7.2.2. High-Speed All-Electric Machines
7.3. Hybrid
7.3.1. Electric-Hydraulic Hybrid
7.3.2. Servo-Hydraulic Hybrid
8. BY MACHINE TONNAGE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
8.1. Below 200 Ton
8.1.1. 0-50 Ton
8.1.2. 51-100 Ton
8.1.3. 101-200 Ton
8.2. 200-500 Ton
8.3. Above 500 Ton
8.3.1. 501-1000 Ton
8.3.2. Above 1000 Ton
9. BY END-USE INDUSTRY (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Automotive
9.1.1. Interior Components
9.1.2. Exterior Components
9.1.3. Under-the-Hood Components
9.2. Packaging
9.2.1. Rigid Packaging
9.2.2. Flexible Packaging
9.3. Consumer Goods
9.4. Healthcare
9.4.1. Medical Devices
9.4.2. Pharmaceutical Packaging
9.5. Electrical & Electronics
9.5.1. Consumer Electronics
9.5.2. Industrial Electronics
10. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
10.1. North America
10.1.1. United States
10.1.2. Canada
10.1.3. Mexico
10.2. South America
10.2.1. Brazil
10.2.2. Argentina
10.2.3. Rest of South America
10.3. Europe
10.3.1. Germany
10.3.2. United Kingdom
10.3.3. France
10.3.4. Italy
10.3.5. Spain
10.3.6. Russia
10.3.7. Rest of Europe
10.4. Asia-Pacific
10.4.1. China
10.4.2. Japan
10.4.3. India
10.4.4. Australia
10.4.5. South Korea
10.4.6. Rest of Asia-Pacific
10.5. Middle-East
10.5.1. UAE
10.5.2. Saudi Arabia
10.5.3. Turkey
10.5.4. Rest of Middle East
10.6. Africa
10.6.1. South Africa
10.6.2. Egypt
10.6.3. Rest of Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
Injection Moulding Machines Market Segmentation:
By Product Type:
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Hydraulic
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All-Electric
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Hybrid
By Machine Tonnage:
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Below 200 Ton
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200-500 Ton
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Above 500 Ton
By End-use Industry:
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Automotive
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Packaging
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Consumer Goods
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Healthcare
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Electrical & Electronics
By Region:
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North America
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Europe
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Asia-Pacific
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Latin America
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Middle East & Africa
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