According to the latest market research study released by Technavio, the global injection molding machine market is expected to grow at a CAGR of close to 3% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global injection molding machine market based on end-user:
Global injection molding machine market shares by end-user 2015
|
Automotive |
30.50% |
|
Consumer Goods |
22.50% |
|
Packaging |
19.20% |
|
Consumer Electronics and IT |
16.10% |
|
Others |
11.70% |
Source: Technavio
The top three revenue contributing product segments are discussed below:
Global injection molding machine by the automotive sector
The global injection molding machine market by the automotive industry generated revenues of more than $1 billion in 2015 and is expected to post a CAGR of around 3% by 2020. The extensive use of injection molded parts for manufacturing various automotive components will be the primary driver for this market segment’s growth. Some of these components include gearboxes, engines, locking mechanisms, turbochargers, steering systems, and various electronic systems. Injection molding is perfect for the components that involve high strength and complexity. Countries like the US, South Korea, Germany, and Japan will be the highest revenue generators in the automotive market during the forecast period.
“The increasing production of heavy trucks, light commercial vehicles, and passenger cars in emerging nations will boost the demand for injection molding machines in the market. Emerging nations like Japan and China are witnessing a boom in the production of a light vehicle designed specifically to meet the demands of fuel efficiency cars. The vendors are investing in innovative and advanced technology to launch safe and cost effective cars,” says Gaurav Mohindru, a lead analyst at Technavio for research on unit operations.
Global injection molding machine by consumer goods
The global injection molding machine market by the consumer goods industry generated revenues over $1 billion in 2015 and is expected to post a CAGR of more than 2% by 2020. Injection molding is used for manufacturing stainless steel, luxury, and smartwatches. This technology is the most effective and cost-efficient of developing watches with innovative designs. The eyewear sector uses this technology for high-volume manufacturing and to create complex designs with ease. The most common application of injection molding in the consumer goods industry is the use of thermoplastic and thermosetting polymers to manufacture various plastic goods. Some of these goods include containers, buckets, trolley buckets, chairs, tables, hangars, storage baskets, closing cabinets for air conditioners and washing machines, and several other consumer goods made of plastic. The increasing demand for plastics and finished metal products will drive the growth in this market segment.
Global injection molding machine by packaging
The global injection molding machine market by the packaging industry generated revenues of around $884 million in 2015 and is expected to post a CAGR of about 2% by 2020. The use of packaging in various products from the food and beverage industry will fuel growth in this market segment. Packaging materials used for hot drinks packaging, packaged water, milk and dairy products packaging, beer packaging, CSD packaging, sports and energy drinks packaging, ready-to-drink (RTD) iced tea packaging, and alcoholic drink packaging will boost the demand for injection molding machines in the market. Moreover, the demand for this technology is very high in the beauty products segment as well. It is used for the packaging of bottles and containers for products like shampoo, body wash, face wash, beauty creams, and other products.
The top leading vendors operating in the global injection molding machine market are:
- ARBURG
- Haitian International Holdings
- Husky Injection Molding Systems
- NISSEI
- Sumitomo Heavy Industries Ltd.
Other prominent vendors in the market include Asian Plastic Machinery (Chen Hsong Group), ATEC Plastics, BMB, Dongshin Hydraulics, ENAIVIV Machinery Industrial, ENGEL AUSTRIA, FU CHUN SHIN MACHINERY MANUFACTURE, HUARONG PLASTIC MACHINERY, HWA CHIN MACHINERY FACTORY, IMS Deltamatic (Turra), Inyectora Para Plasticos Arsa, JACO Manufacturing Company, Japan Steel Works, JINHWA GLOTECH Machinery, Jon Wai Machinery Works, KAWAGUCHI, KING’S Machinery and Engineering, KraussMaffei, L.K. Machinery, LIEN FA INJECTION MACHINERY, Mateu y Sole, MEIKI, Milacron, Miniature Plastic Molding, MULTIPLAS ENGINERY, Negri Bossi, Netstal, Niigata Machine Techno Company, NINGBO HAITAI PLASTIC MACHINERY, OIMA, OJSC Litmash, Photonike Group (Sandretto), Presma, Romi Machines UK, Sanjo Seiki, Smargon, Stork IMM, Tat Ming Engineering (Dongguan), Tederic Machinery, TMC Technology, TOSHIBA MACHINE, Toyo Machinery & Metal, U-MHI Platech, VICTOR Taichung Machinery Works, Wabash MPI, Welltec Machinery, Windsor Machines, WINTAL MACHINES (Italtech), WITTMANN BATTENFELD, WOOJINPLAIMM, YIZUMI Group, and Yuh-Dak Machinery.
A more detailed analysis is available in the Technavio report titled, ‘Global Injection Molding Machine Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Ceramic Machinery Market 2016-2020
- Global Molded Plastic Packaging Market 2016-2020
- Global Automation Solutions Market in the Bottling Industry 2016-2020
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