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The injection molding machine market is estimated to be USD 17.08 billion in 2018and is projected to reach USD 19.68 billion by 2023, at a CAGR of 2.9% between2018and2023. 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.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.
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In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, primary interviews were conducted as follows:
By Company Type: Tier 1 (46%), Tier 2 (31%), and Tier 3 (23%)
By Designation: C-Level(46%), Director Level (27%), and Others (27%)
By Region: North America (33%), Europe (27%),APAC (27%),Middle East & Africa (6%),and South America (7%)
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.
Target Audience:
• Injection Molding Machines Manufacturers, Dealers, and Suppliers
• Government Bodies
• Raw Material Suppliers
• Industry Associations
• Consulting Companies/Consultants in Chemical and Material Sectors
• Distributors
Market Dynamics
Drivers
1. High demand from the packaging industry
2. Rising awareness about energy saving
3. Growing automotive industry in APAC
4. Advancements in injection molding technology
Restraints
1. High heating and hydraulic pressure
2. Less economical for small production capacities
Opportunities
Growing demand from the healthcare industry
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The objectives of the study include:
• To analyze and forecast the size of the injection molding machine market in terms of value and volume
• To define, describe, and segment the injection molding machine market on the basis of product type, machine type, clamping force, and end-use industry
• To forecast the size of market segments for APAC, North America, Europe, South America, and the Middle East & Africa
• To provide detailed information regarding key factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the injection molding machine market
• To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
• To identify and analyze opportunities for stakeholders in the market
• To analyze competitive developments, such as expansions, new product launches, acquisitions, and contracts & agreements in the injection molding machine market
• To strategically profile key players and comprehensively analyze their core competencies
Key Company Profiles Covered in Injection Molding Machine Market:
• Haitian International Holdings Limited
• Sumitomo Heavy Industries Limited
• The Japan Steel Works Ltd.
• Chen Hsong Holdings Limited
• Milacron Holdings Corp.
• Engel Austria GmbH
• Arburg GmbH & Co. Kg
• Nissei Plastic Industrial Co., Ltd.
• Husky Injection Molding Systems Ltd.
• Dongshin Hydraulic Co., Ltd.
• Kraussmaffei Group GmbH
• Negri Bossi S.P.A.
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Contact Info:
Name: Hrishikesh Patwardhan
Email: Send Email
Organization: ReportsnReports
Phone: + 1 888 391 5441
Website: https://www.reportsnreports.com/reports/1588212-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-ab-st-to-2023.html
Release ID: 421999
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