Global Plastic Injection Moulding Machine Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

The plastic injection moulding machine market is experiencing robust expansion, with market size projected to increase from 2024 to (14.78 billion) 2031, demonstrating a consistent year-over-year growth rate of 4.8% plastic injection moulding machine Market Size, Share, Competitive Landscape and Trend Analysis Report, by Types (Plastic, Metal, Rubber, Ceramic, Others), ,by Material (Plastics,, Metals,, Others), by Technology (Hydraulic,, Electric,, Hybrid) And regions (North America(United States, Canada, Mexico), South America(Brazil, Argentina, Chile, Rest of South America), Europe(Germany, France, Italy, United Kingdom, Benelux, Nordics, Rest of Europe), Asia Pacific(China, Japan, India, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific), MEA(Middle East, Africa)) : Industry Forecast and Opportunity Analysis for 2024 - 2031

The global plastic injection moulding machine market refers to developing, manufacturing, and supplying machines that inject molten plastic into a mould by high pressure, thereby generating different products. These are used in various industries, from automotive to electronics, healthcare, and packaging, to develop numerous components and products. Demand for plastic products is likely to increase in the near future due to factors like growing consumerism, urbanisation, and industrialization. Therefore, the plastic injection moulding machine market will also grow. Technology advances, increasing automation, and emphasis on energy efficiency and sustainability are all factors that are driving the market forward for tremendous growth in the years to come.

plastic injection moulding machine Report Highlights

Report Metrics	Details
Forecast period	2019-2031
Base Year Of Estimation	2023
Growth Rate	CAGR of 4.8%
Forecast Value (2031)	USD 14.78 billion
By Product Type	Plastic, Metal, Rubber, Ceramic, Others
Key Market Players	Arburg GmbH + Co KG Haitian International Holdings Limited Milacron Toyo Machinery & Metal Co., Ltd Husky Injection Molding Systems Ltd Japan Steel Works Limited KraussMaffei Group UBE Machinery Shibaura Machine Co. Ltd. Wittmann BattenfeldNissei Plastic Industrial Co., Limited Engel Austria GmbH Sumitomo (SHI) Demag Plastics Machinery GmbH Chen Hsong Holdings Limited
By Region	North America(United States, Canada, Mexico) South America(Brazil, Argentina, Chile, Rest of South America) Europe(Germany, France, Italy, United Kingdom, Benelux, Nordics, Rest of Europe) Asia Pacific(China, Japan, India, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific) MEA(Middle East, Africa)

plastic injection moulding machine Market Trends

The global market for plastic injection moulding machines is growing at an accelerated pace owing to the upsurge in the use of plastic parts in industries such as automotive, consumer goods, electronics, healthcare, and many more. Energy-efficient machines that provide high performance are motivating factors in the incorporation of high-tech features like robotics, automation, and smart manufacturing technologies. Such innovations help increase production rate, decrease cycle time, and enhance accuracy in the process of moulding. This is appealing to manufacturers who are looking to enhance production efficiency and minimise operational costs. Other factors that are revolutionising the market include the growing focus on sustainability and environmentally friendly practices in the plastics sector. Due to the changing climate, other industries focused on ensuring that their products and processes are friendly to the environment are manufactured bio-degradable and recycled plastics, which also calls for the development of machines that can work with such materials. Furthermore, incorporating other elements of Industry 4.0, such as the IoT and data-based systems, has become easier, and injection moulding machines can now be monitored and maintained predictively while in operation. Such a turn of events fosters more environmentally conscious and smarter production processes, which means that the plastic injection moulding machine market will keep growing and innovating in the foreseeable future.

plastic injection moulding machine Market Leading Players

The key players profiled in the report are Arburg GmbH + Co KG, Haitian International Holdings Limited, Milacron, Toyo Machinery & Metal Co., Ltd, Husky Injection Molding Systems Ltd, Japan Steel Works Limited, KraussMaffei Group, UBE Machinery, Shibaura Machine Co. Ltd., Wittmann BattenfeldNissei Plastic Industrial Co., Limited, Engel Austria GmbH, Sumitomo (SHI) Demag Plastics Machinery GmbH, Chen Hsong Holdings Limited

Growth Accelerators

The increasing demand for plastic parts in several industries, such as automotive, consumer goods, electronics, and healthcare, among others, is a major factor fuelling the growth of the global plastic injection moulding machine. In line with the growth of these industries is the rising demand for efficient and accurate manufacturing techniques that are offered by plastic injection moulding. The technology is preferred by manufacturers for its high production, low cost, and ability to make intricate shapes and designs of products, which makes it possible to serve the increasing need for light and customised products. Additionally, the drive towards use of recyclable materials and sustainability in production processes is another important factor. There is a trend for many manufacturers nowadays to limit their environmental footprint by using bioplastics and, more importantly, recycled material in injection moulding. Such change is not only a response to consumers’ desire for greener offerings but also ensures that the firms operate within the bounds of tight environmental restrictions.

plastic injection moulding machine Market Segmentation analysis

The Global plastic injection moulding machine is segmented by Type, and Region.
By Type, the market is divided into Distributed Plastic, Metal, Rubber, Ceramic, Others . Geographically, the market is assessed across key Regions like North America(United States, Canada, Mexico), South America(Brazil, Argentina, Chile, Rest of South America), Europe(Germany, France, Italy, United Kingdom, Benelux, Nordics, Rest of Europe), Asia Pacific(China, Japan, India, South Korea, Australia, Southeast Asia, Rest of Asia-Pacific), MEA(Middle East, Africa) and others, each presenting distinct growth opportunities and challenges influenced by the regions.

Competitive Landscape

The global plastic injection moulding machine market is on an upward trend with a plethora of players in the industry. Key players like Haitian International, Arburg GmbH, and Krauss Maffei are at the forefront of the market by using advanced technologies and years of experience to satisfy the growing demand for moulded plastic products from automotive, packaging, consumer, and several other industries. This increase can be attributed to controlling technologies in the manufacturing process and increased industrialisation in developing countries. Therefore, while existing market players are consolidating their positions, a plethora of smaller organisations with few specialised products are also entering. The competition is affected by technological improvements such as all-electric injection moulding machines, which save energy and are more precise than their predecessors. It also provides that there is more to it as the geographical aspects also come into play, with Asia Pacific taking the largest share of the market owing to its high manufacturing base and government policies that support manufacturing activities.

Challenges In plastic injection moulding machine Market

The global market for plastic injection moulding machines is not without its difficulties, foremost of which is the extensive capital outlay required to acquire and even maintain some of the machines. This is particularly so when it comes to small and medium-sized enterprises (SMEs), as the quest for more efficient and accurate production along the manufacturing processes compounds the problem further by the need for newer and often more costly machines. Moreover, the short lifespan of the machines and fast changes in technology on the injection moulding machine parts necessitate that the companies frequently enhance their machines in order to keep in the competition, and thus it is an added cost that affects projections and strategies negatively. The plastics industry, mainly the manufacturing sector, is under a lot of pressure due to the increase in concern over the depletion of non-renewable resources and plastic waste. Hence, the manufacturers have to deal with ever-changing policies that require them to increase their recycling efforts and the use of biodegradable products, which in turn affects the injection moulding designs and production. Such challenges justify the need to embrace innovation in the use of plastic injection moulding machines while at the same time ensuring that the economic and environmental concerns are addressed.

Risks & Prospects in plastic injection moulding machine Market

In view of the growing requirement of plastic parts in a variety of sectors, including automotive, consumer, electronics, and healthcare, the global market for plastic injection moulding machines is expected to offer lucrative opportunities. While looking for means to scale up production while lowering costs, manufacturers are also becoming more interested in advanced injection moulding processes that allow for greater accuracy, speedier speeds, and reduced energy consumption. The increased focus on weight reduction in the automotive industry and the wave of personalisation in consumer goods are additional drivers of injection moulding that is effectively flexible and creative. Rising demand for the plastic injection moulding machine market is coupled with the changes in the manufacturing outlook propelled by the changing trends of sustainable development. As more attention is put into recycling or using bio-based and biodegradable plastics, there is a tendency for the manufacturers to procure the machinery that can work with these raw materials easier. Also, the injection moulding processes are already incorporating the use of Industry 4.0 technologies such as the Internet of Things (IoT), and manufacturers are able to increase efficiency while managing and controlling the use of resources.

Key Target Audience

The plastic injection moulding machine market can be defined by its primary audience—the industries that require the manufacture of plastic components in an efficient and accurate manner. This includes, but is not limited to, the automotive, consumer goods, packaging, medical devices, and electrical industries, which are all involved in the production of plastic parts using injection moulding machines. As production in these industries is keen on improving production efficiency, waste minimisation, and tight tolerances, there is a rising need for innovatively designed injection moulding machines that incorporate advanced technology such as automation and IoT capabilities, among others.,, Another major audience are the machinery distributors, service agents, and equipment leasing firms related to the plastic processing industry. These contributors want to offer their customers high-quality and trouble-free equipment along with repair and maintenance services. In addition, it is possible to focus on the audience, such as research institutions and universities that work on the developments in the engineering of plastics, as they also deal with moulding processes and materials.

Merger and acquisition

The upsurge in mergers and acquisitions within the global plastic injection moulding machine industry indicates a careful tactical emphasis on developing more resources and increasing market share. In April 2023, Haitian International revealed plans to put up its first manufacturing plant in North America, sited in Jalisco, Mexico, at a $50 million investment. The manufacturing setup is intended to increase production and enhance delivery within the region since it aims at positioning Haitian to fully exploit the fast-expanding North American market. On the other hand, in October 2021, Silgan Holdings purchased Gateway Plastic for $485 million, further strengthening its offers in dispensing closures and global integrated packaging systems, which are some of its product lines. Additionally, there has been a noticeable increase in the number of such enterprises that engage in strategic alliances in order to facilitate the technical progress of injection moulding machines. In February 2023, Sumitomo Heavy Industries introduced the iM18E compact hybrid injection moulding machine, which is aimed at the mass production of small and highly accurate parts. There is a clear trend in the industry towards the development of more productive and flexible equipment.