Injection Molding Machinery Market | Contrive Datum Insights

Market Overview:

Global Injection Molding Machinery Market Size Was Valued At USD 15.18 Billion In 2022 And Is Expected To Reached USD 20.32 Billion Expand At A Compound Annual Growth Rate (CAGR) Of 4.6% From 2022 To 2030.

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In the business world, the injection molding gear market is where tools that are used in the injection molding process are made, sold, and sent to different places. Plastic parts and parts made of plastic are often made by injection casting. Injection molding machines are used to heat plastic and push it into a mold, where it cools and hardens into the shape that is needed. These tools are very important for making a wide range of plastic products in many industries, such as the automotive, packaging, consumer goods, healthcare, and electronics industries. The injection molding machinery market is made up of all the companies that make, sell, and distribute the tools and services that are needed to make plastic parts.

The market for injection molding machines has grown a lot over the years. This is because more industries need plastic products, manufacturing technology has gotten better, and there is a rising trend toward lighter, cheaper materials. The market is expected to be worth USD 20.49 billion by 2027, with a compound annual growth rate (CAGR) of 4.6% during the time period of the estimate.

One of the major things that drives the injection molding machinery market is the growing need for plastic products in industries like automotive, packaging, consumer goods, healthcare, and electronics. Plastic parts can be used in a lot of different ways because they are light, strong, easy to make, and cheap. Because they make it easy to make plastic parts, injection molding tools are in high demand.

Technology has also played a big role in the growth of the injection molding tools market. Manufacturers are always coming up with new ways to improve the accuracy, speed, energy efficiency, and ability to be automated of injection molding tools. Modern methods like multi-material molding, co-injection molding, and in-mold labeling have made it easier to make difficult and high-quality plastic parts.

The market is also affected by sustainability and worries about the earth. Manufacturers of injection molding machines are making machines that are better for the earth because they use less energy, make less trash, and use recyclable materials. This fits with the fact that people are becoming more interested in manufacturing rules and methods that are good for the environment.

By far, the biggest market for injection molding machines is in Asia and the Pacific. China, Japan, and India are the countries that make and use these tools the most. This is because the country has a large production base, strong industries for cars and consumer goods, and good government programs that help the manufacturing sector grow.

Market Dynamics:

Trends: Growing Demand for Lightweight and Eco-Friendly Materials
As environmental and sustainability problems become more important, more and more companies are looking for materials that are light and good for the environment. In answer to this trend, companies that make injection molding machines are making machines that can work with and shape sustainable materials like bioplastics, recycled plastics, and composites. This lets companies make plastic parts that are easier on the environment and lighter.

Driver:Growing Demand for Plastic Products
The growing demand for plastic items is a big factor in the market for injection molding machines. Injection molding is a common way to make plastic parts and components for businesses like automotive, packaging, consumer goods, and healthcare.

Plastic parts are used inside, outside, and even under the hood of cars because they are cheaper and lighter than other materials. As more people buy electric cars, the demand for plastic items like battery parts and plugs also goes up.

In the packing business, injection-molded plastic items are used a lot, especially for bottles, caps, containers, and closures. With the rise of online shopping and home delivery services, the need for plastic packaging has grown even more. In the consumer goods business, injection molding tools are used to make toys, home appliances, and electronic devices, among other things. Injection molding is a great way to make consumer goods because it can make complex forms and patterns with high-quality finishes.

In the medical field, injection molding is used a lot to make things like needles, IV parts, and drug delivery systems. Injection molding is a good way to make things because the industry needs things to be accurate, clean, and safe for living things.

Large-scale industry and economies of scale
The equipment for injection molding makes mass production possible, which leads to savings of scale. As the number of units made goes up, the cost per unit goes down, making it a good choice for mass production. This is particularly helpful for businesses that need a lot of plastic parts, like the automotive, packaging, and consumer goods industries. By melting plastic granules and pouring them into a mold cavity, the material can be shaped exactly and used without wasting too much or being cut too much. This efficient use of materials helps keep costs down.

Machines that do injection molding that are highly automated cut down on the need for manual work and the cost of labor. The machines have advanced control systems, robots, and automated material handling, which make it possible to keep making things quickly and well. Also, this automation makes sure that the standard is always the same and reduces the chance of human error, which lowers costs.

The fast processing times of injection molding machines make it easy to make a lot of plastic parts quickly. Depending on how complicated the part is, the machines can finish more than one run in seconds or minutes. When you can make parts quickly, your production output goes up and your wait times go down. This saves money and makes you more efficient overall.

Restraints: Due to its dynamic servo motors, the all-electric injection molding machine has the best acceleration performance, better repeatability, faster injection times, and less noise. Because of how far technology has come, electricity equipment costs a lot to buy. Another problem with waste is that it needs a lot of upkeep. If a motor fails, the whole system must be changed. This is very expensive to do and affects the cost of making the product.

Opportunity: Medical and Healthcare Sector Growth
Medical and health care industries are growing. In order to make high-precision and high-quality medical devices, tools, and parts, the medical and healthcare industries need specialized injection molding equipment. With the growing need for healthcare products like diagnostic equipment, medical implants, and one-time-use medical supplies, companies that make injection molding machines have the chance to make machines that meet the medical industry's strict requirements for cleanliness, precision, and legal compliance.

Customizing and making something unique
Consumers want more and more customized and personalized goods, so producers need to make their production processes more flexible and easy to change. This trend can be used to make money with injection molding tools that can quickly change molds, have modular designs, and make small batches of parts quickly and efficiently. This lets producers meet the growing demand for customized products in many industries, such as the automotive, consumer goods, and electronics sectors.

The packaging business is growing
Because e-commerce is growing and people's tastes are changing, the packaging business is still changing. Without injection molding machines, it would not be possible to make plastic bottles, containers, lids, and closures. As the packaging industry's need for new and useful packaging solutions grows, makers of injection molding machines can meet these needs by making machines that are more productive, have more design options, and are more environmentally friendly.

Major Market Segments Covered:

By Type:

Electric
Electric injection molding tools don't use hydraulic systems to run. Instead, they are powered by electric motors. Electric servo motors are used to drive the machine's different parts, such as the injection unit, clamping system, and ejection system. Electric machines have many benefits, like high precision and repeatability, quick reaction times, low energy use, and less maintenance. They are perfect for making small, complicated parts, medical devices, and electronics that need precise control over the drilling process.

Hydraulic
Hydraulic injection molding tools use hydraulic systems to make the force and power they need to do their job. The movement of the machine parts is controlled by hydraulic pumps, valves, and motors. Hydraulic tools have benefits like being able to clamp down with a lot of force, lasting a long time, and being able to work with a wide range of materials. They are often used in situations where a large number of parts need to be made or where materials with a high viscosity need to be processed.

Hybrid
Hybrid injection molding machines take the best parts of electric and hydraulic devices and put them together. For the injection unit and sometimes for the clamping unit, they use electric servo motors. The hydraulic system helps provide the force needed for holding the mold. When compared to standard hydraulic machines, the hybrid design uses less energy, makes less noise, and is more accurate. Hybrid machines can be used for a wide range of tasks because they strike a good balance between cost and efficiency.

By Material:

Plastic
Plastic is the most common material used in injection molding because it is easy to work with, cheap, and can be made into many different shapes. Plastic materials like polypropylene (PP), polyethylene (PE), polystyrene (PS), acrylonitrile butadiene styrene (ABS), polyvinyl chloride (PVC), and more can be used for injection molding. Each type of plastic resin has its own properties, such as strength, rigidity, flexibility, heat resistance, chemical resistance, and see-throughness, that make it useful in different businesses for different tasks. Plastic injection molding is used a lot in the automobile, packaging, consumer goods, and healthcare industries to make parts, products, and components.

Metal
Metal injection molding (MIM) is a special method that uses metal powder and a binding material to make complex metal parts. Machines for metal injection casting make it possible to make small, complicated, high-precision metal parts with great dimensional accuracy. Metals like stainless steel, titanium alloys, cobalt-chrome alloys, and more are often used in metal injection casting. Metal injection molding machines are mostly used in the automotive, aerospace, medical, and electronics industries to make metal parts with complicated shapes, like gears, connectors, surgical tools, and electronic components.

Others
In the market for injection molding machines, "Others" is a group for materials that are not plastics or metals. In this group, you might find ceramics, elastomers, composites, and biodegradable plastics, among other things. Ceramics are used in specific situations where they need to be resistant to high temperatures, electrical protection, or wear. Elastomers, like rubber, are used to make parts like gaskets, seals, and soft-touch grips in industries like automotive, aircraft, and healthcare. Composites are made from a mix of different materials like fibers and resins. They are used in industries like aircraft, sports equipment, and cars where high strength-to-weight ratios are needed. Biodegradable polymers like polylactic acid (PLA) and polyhydroxyalkanoates (PHA) are becoming more common in sustainable packaging and disposable products.

By Application:

Automotive
Injection molding machines are used a lot in the automotive business. Auto parts like inner and exterior trim, dashboard panels, door handles, bumpers, and engine parts are made with injection molding machines. In the automotive industry, injection molding machinery is used because of the high demand for materials that are light, cheap, and easy to create.

Consumer Goods
The tools used for injection molding is a key part of making consumer goods. This includes making toys, kitchenware, home appliances, furniture, and personal care goods, among other things. Consumer goods need to be made quickly, with uniform quality, and with intricate designs and textures. All of these things can be done with injection molding machinery.

Packaging
Injection molding machines are used a lot in the packaging business to make plastic packaging materials. This includes containers, bottles, caps, closures, and other parts used in packing. With injection molding, you can make packaging that can't be opened easily, keeps the product safe, and looks nice. In this sector, the demand for injection molding machines is driven by their ability to make large quantities of high-quality packaging at a low cost.

Electronics
In the field of electronics, injection molding machines are used to make the plastic parts that go into electronic gadgets and parts. This includes things like connectors, housings, switches, and parts for the monitor. With injection molding, these parts can be made quickly and accurately, meeting industry standards for size accuracy, sturdiness, and electrical insulation.

Others
The "Others" section includes a wide range of applications that may not fit into the other segments but still use injection molding machines. This includes businesses like health care, building, heavy manufacturing, and farming. In the healthcare industry, injection molding machines are used to make medical devices, parts for tools, and packaging for drugs. It is used in the construction business to make pipes, fittings, and other plastic products used in construction. Also, injection molding equipment is used to make parts for industrial machines, parts for farming equipment, and other specialized goods.

Regional Insights

In North America, the growth of the market isn't too fast because there are already a lot of machine builders there. In the coming years, however, the market is likely to slow down because there are fewer people working in industry and more people want injection molding machines.

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There are a lot of registered and unregistered companies in the Asia-Pacific region that make different kinds of machinery and equipment. Because of this, the injection molding machine market share is likely to be dominated by this region. Large companies are always trying to buy and work with small and medium-sized businesses (SMEs) to improve the quality and range of their products. This lets big businesses grow their market presence all over the area. Because of this, the size of the market in the Asia-Pacific area is growing at a very fast rate.

In Europe, market growth isn't very fast because new rules and laws have been put in place to reduce pollution from factories. Over the past few years, the amount of companies that make cosmetics has gone down. This is because manufacturers face problems like rising prices for raw materials, OEMs, and many others.

Due to a lack of raw materials, a low level of technical progress, and a slow rate of industrialization, market values in the Middle East, Africa, and Latin America will only grow slowly. The coronavirus pandemic has also hurt the manufacturing and industrial areas in Latin America.

Scope Of Report

Key Vendors:

• Arburg
• Fanuc
• Negri Bossi
• KraussMaffei
• Loramendi
• Wittmann Battenfeld and Others.

1. Arburg
ARBURG is a family-owned company in Germany that makes some of the best tools for working with plastic in the world. Its product line includes ALLROUNDER injection molding machines with clamping forces between 125 and 6,500 kN, the freeformer for industrial additive manufacturing and robotic systems, customer- and industry-specific turnkey solutions, and other related equipment.

ARBURG is a leader in the plastics business when it comes to making production more efficient, going digital (business 4.0), and being environmentally friendly. All digital goods and services are part of the "arburgXworld" program, which is also the name of the customer portal. In the "arburgGREENworld" program, the company's plans for making the best use of its resources and promoting a circular economy, as well as all related aspects and actions, are laid out.

ARBURG's main goal is to help customers make their plastic products, from single parts to big batches, in the best quality and at the lowest cost per unit. For example, the automotive and packaging businesses, the communication and entertainment electronics sector, the medical technology sector, and the white goods sector are all among the target groups.

A sales and service network that spans the globe makes sure that customers get first-rate help wherever they are: ARBURG has its own organizations in 35 places in 25 different countries. Together with its trade partners, ARBURG is present in more than 100 countries. Its machines are only made at the company's headquarters in Lossburg, Germany. There are about 3,600 workers, and about 3,000 of them work in Germany. Around 600 more people work for ARBURG in its offices and factories all over the world. write in first-person

2. Fanuc
Since 1956, FANUC CORPORATION, which is based in Japan, has been a leader in Computer Numerical Control (CNC) technology. "FANUC" is one of the most reliable names on any shop floor in the world of manufacturing today. Because of this, they now have a large part of the demanding CNC and ROBOT markets.

FANUC India Private Limited is a branch of FANUC CORPORATION. It was founded in 1992, and its main office is in Bangalore.

Their main goal is to offer the full line of top-of-the-line FANUC products and value-added services to the Indian market. This will give their customers the lowest cost of ownership.

3. KraussMaffei
KraussMaffei says that they are one of the best companies in the world at making tools and systems for making and processing plastics and rubber. They say that all technologies connected to injection molding, extrusion, reaction process machinery, and additive manufacturing are included in their products and services. This wide range of products helps them stand out in the business.

KraussMaffei talks about how strong their ability to come up with new ideas is and how that lets them give customers sustainable added value along their entire value chain. They say that their solutions include choices for products, processes, digital capabilities, and services that are both standard and unique.

The company says that their services are used in many different industries, such as the automotive, packaging, medical, and building businesses. They also work with companies that make electrical and computer goods, as well as household appliances and other things.

4. Loramendi
Loramendi says that their goal is to become the best company for designing and delivering full projects and complete solutions for core making, mold making, and casting services. They want to be known for how well they treat customers, how reliable their goods are, and how hard they work to get things done.

Loramendi says that they have been making equipment for the foundry business for more than 30 years and have a good reputation all over the world. They are known for making strong, reliable machines that are specially designed to meet the unique needs of the foundry industry.

Loramendi is part of the MCC group. It is run as a cooperative, which means that its members own the company. They stress that they are forward-thinking and have been successful for more than 50 years. Loramendi has a long-term pledge to its customers, who are the company's main focus. They put customer happiness at the top of their list of priorities, see customer complaints as chances to get better, and see customer loyalty as the key to their future success.

5. Wittmann Battenfeld
The WITTMANN Group has its headquarters in Vienna, Austria. It is a world leader in making injection molding machines, robots, and other equipment for the plastics processing business. There are two main parts to the group: WITTMANN BATTENFELD and WITTMANN. The group has 34 sales and service locations in the world's major plastics markets. It also has eight production plants in five countries.

The company says that WITTMANN BATTENFELD wants to grow its market share as a maker of injection molding machines and an expert in cutting-edge process technologies. They offer complete, up-to-date machine technology in a modular form to meet the needs of the market for plastics injection molding equipment now and in the future.

WITTMANN makes robots and automation systems, systems for moving materials, dryers, blenders for mixing by weight or volume, granulators, temperature controllers, and chillers. WITTMANN wants to help plastics processors meet all of their production needs by giving them a wide range of peripheral units, from separate production cells to plant-wide integrated systems.

Key Market Updates:

• In June 2022, ENGEL partnered with ALPA Group, Brink and IPB Printing. The processing of recycled materials (rPET) is expected to be possible with the newly developed ENGEL e-speed injection molding machine with a powerful injection unit.

• In June 2022, ENGEL, an Austrian Ijection Moldig Machine manufacturer and system solutions provider, established and expanded its own selling advertising services subsidiary in Morocco.

• In March 2022, Che Hsong Holdings Ltd. signed a strategic cooperation agreement with Chiers electric vehicle manufacturer YD Group Co., Ltd. You have received several purchase orders for injection molding machine equipment from your company.

• In January 2022, Haitian started a joint venture with HCMC University of Technology and Education to operate the lab. The laboratory has dedicated spaces for training, mold repair and practical work, and is equipped with Haitian's injection molding machines, robots and peripheral equipment.

Market Segmentation:

Major Market Segments Covered in Injection Molding Machinery Market Industry Research

By Type

• Electric
• Hydraulic
• Hybrid

By Material

• Plastic
• Metal
• Others

By Application

• Automotive
• Consumer Goods
• Packaging
• Electronics
• Others

Global Injection Molding Machinery Market Regional Insights

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Conclusion:

In conclusion, the market for injection molding machines is growing a lot and is likely to grow even more in the coming years. The market is being driven by things like the growing demand for plastic products in different industries, technological advances, the cost-effectiveness and mass production capabilities of injection molding, the use of lightweight materials, a growing focus on sustainability, the growth of the packaging industry, and the industrialization of emerging markets.

Key players in the market, like KraussMaffei and the WITTMANN Group, are at the forefront of innovation. They offer a wide range of injection molding machines and other tools to meet the different needs of the industry. These businesses are focused on giving their customers long-term value by giving them complete solutions that include product, process, digital, and service offerings.

The injection molding machinery market is changing to meet the needs of Industry 4.0 and smart manufacturing by putting more stress on automation, connectivity, and integration of processing machinery with automation systems and peripherals. This makes it possible for real-time monitoring, predictive maintenance, and more efficient output, which adds to the value of injection molding machines.

Overall, the market for injection molding machines is a good place for makers, suppliers, and service providers to make money. The market is expected to keep growing as companies around the world realize that injection molding is a good way to make high-quality plastic products quickly and cheaply.