Plastic Molding Machine Market Scope
An Injection molding machine, also known as an injection press, is a machine for manufacturing plastic products by the injection molding process. It consists of two main parts, an injection unit, and a clamping unit. Plastic molding machine Injection machines work on the principle of heating plastic pallets into molten material, thereby, injecting the molten plastic into a mold, and then cooling the product. When the mold is not sealed properly, heating and hydraulic pressure issues occur then. Further, the increasing number of E-commerce companies, the need for packaging is on the rise and are thus, propelling the demand for the Global plastic molding machine market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Nissei Plastic Industrial Co.Ltd. (Japan), Sumitomo Corporation (Japan), Husky Injection Molding Systems Ltd. (United States), Arburg GmbH (Germany), Kraussmaffei Group (Germany), Netstal-Machinery Ltd. (Switzerland), Engel (United States), Wittmann (United States), Mitsubishi Heavy Industries India Pvt. Ltd. (India), Siemens AG (Germany) and Milacron Holdings Corporation (United States) |
CAGR | % |
The market is fragmented with numerous players operating within the market and is dominated by international players as the market space is highly capital-intensive in nature. The vendors in this market are also experiencing demand from the medical and orthodontics industry, which is expected to drive the demand for injection molding during the forecast period. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Plastic Molding Machine market throughout the predicted period.
Nissei Plastic Industrial Co.Ltd. (Japan), Sumitomo Corporation (Japan), Husky Injection Molding Systems Ltd. (United States), Arburg GmbH (Germany), Kraussmaffei Group (Germany), Netstal-Machinery Ltd. (Switzerland), Engel (United States), Wittmann (United States), Mitsubishi Heavy Industries India Pvt. Ltd. (India), Siemens AG (Germany) and Milacron Holdings Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Woojin Selex Co. Ltd (South Korea), Fanuc Corporation (Japan), Milacron (United States) and NIIGATA Machine Techo Company (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Plastic Molding Machine market by Type and Region with country level break-up.
On the basis of geography, the market of Plastic Molding Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
March 2019, Milacron Holdings Corporation The new Milacron Q-Series Injection Molding Machine Line, Two Q-Series Machines, a 180T and 280T, Milacrons new Q-Series is the latest globally available servo-hydraulic injection molding machine. With a tonnage range of 55 to 610 (50-500 KN), the Q-Series is built to perform in a wide array of applications and configurations.
Influencing Trend:
Growth in E-commerce Industry and The Advent of Leading Edge Process Control and Monitoring Systems
Market Growth Drivers:
High Demand from Food & Packaging Industry, Increasing Awareness among Consumers About Energy Saving and Growing End Users Industries like Automotive and Consumer Goods
Challenges:
High Heating and Hydraulic Pressure Produced During Molding
Restraints:
High Cost of Equipment Used For Molding and Improper Venting in the Injection Unit of the Machine
Opportunities:
High Demand from the Medical Industry
Key Target Audience
Plastic Molding machine Manufacturers, Potential Investors, Downstream Vendors, Industry Association, Plastic Manufacturing Industries, Raw Material Suppliers and Government and Regulatory Agency