GlobeNewswire
Dublin, April 14, 2021 (GLOBE NEWSWIRE) -- The "Global Plastic Injection Molding Machine Market by Type (Hydraulic, All-Electric, Hybrid), Clamping Force (0-200, 201-500, Above 500 Tons Force), End-use Industry, and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The global plastic injection molding machines market is estimated at USD 8.9 billion in 2020 and is projected to reach USD 10.6 billion by 2025, at a CAGR of 3.61%. Plastic molds are widely used in the healthcare industry. Plastic injection molding machines are preferred for manufacturing medical products, as these machines offer high precision, accurate, and complex injection molded parts. These machines have application in surgical and medical devices such as syringes, vials, medical instruments, inhalers, cannulated, medicinal connectors, air systems, and prescription bottles. The outbreak of coronavirus across the globe has highlighted the healthcare industry. Due to explosive surge in the number of Covid-19 cases, the demand for medical equipment like syringes, air systems, and other medical instruments increased exponentially. Countries such as India and China became the hub for manufacturing and meeting the demand for all these equipment across the globe. 201-500 Tons Force is projected to grow at highest CAGR, by clamping force, during the forecast period The 201-500 ton-force segment accounted for the largest market share in terms of value, in 2019 and is projected to register the highest CAGR during the forecast period. This high growth is attributed to the rising demand for medium-sized molded parts from major end-use industries such as automotive, packaging, and consumer goods. The clamping force of 201-500 ton-force is mainly used in medium-sized plastic injection molding machines. Machine types such as hydraulic, all-electric, and hybrid are available in 201-500 ton-force. These machines are mainly used for applications in the automotive, packaging, and consumer goods industries, where relatively medium-sized molded parts are required. Hydraulic injection molding machine is the largest machine type for plastic injection molding machine market in 2019 Hydraulic injection molding machine is the most popular machine type, primarily because of its long service life and a wide range of applications. The hydraulic injection molding machine consists of a fixed-speed, three-phase motor, and a variable-volume pump. Hydraulic injection molding machines have a long life, far drive distance, and low maintenance cost. This type of machine helps in significant reduction of production cycle time. Molders mainly use high-tonnage hydraulic machines for molding large parts. This machine is mainly used for producing high precision plastic components such as automotive parts, caps & closers, consumer goods, electrical & electronics goods, and medical items. Automotive is estimated to be the largest end-use industry in plastic injection molding machine market between 2020 and 2025 Plastic injection molding machines are predominantly used in manufacturing automotive components, interior wrapping, and assembly parts, such as automotive exteriors, car lenses, interior components, under-the-hood components, and filter components. A strong shift in the use of plastics instead of iron and steel in the automotive industry is expected to drive the plastic injection molding machine market during the forecast period. Stringent government regulations have forced automotive manufacturers to use plastics instead of other materials such as iron and steel. Rapid economic growth, improved infrastructure, and rising middle-class population in emerging economies have led to an increase in vehicle production and sales, which, in turn, increase the demand for plastic injection molding machines. The rapidly growing automotive industry in APAC is also one of the major factors driving the plastic injection molding machine market. APAC is expected to be the largest plastic injection molding machine market during the forecast period, in terms of value and volume The APAC comprises major emerging nations such as China and India. Hence, the scope for the development of most industries is high in this region. The plastic injection molding machine market is growing significantly and offers opportunities for various manufacturers. The APAC region constitutes approximately 61% of the world's population, and the manufacturing and processing sectors are growing rapidly in the region. The APAC is the largest plastic injection molding machine market with China being the major market which is expected to grow significantly. The rising disposable incomes and rising standards of living in emerging economies in the APAC are the major drivers for this market. The increasing population in the region accompanied with development of new technologies and products are projected to make this region an ideal destination for the growth of the plastic injection molding machine market. However, establishing new plants, implementing new technologies, and creating a value supply chain between raw material providers and manufacturing industries in the emerging regions of the APAC are expected to be a challenge for industry players as there is low urbanization and industrialization. Booming automotive, consumer goods and packaging sectors and advances in process manufacturing are some of the key drivers for the market in the APAC. Countries such as India, Indonesia, and China are expected to witness high growth in the plastic injection molding machine market due to the increasing demand from the automotive industry. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights4.1 Attractive Market Opportunities for Plastic Injection Molding Machine Manufacturers4.2 APAC Plastic Injection Molding Machine Market, by Type and Country4.3 Plastic Injection Molding Machine Market, by Region4.4 Plastic Injection Molding Machine Market, by Region and Machine Type4.5 Plastic Injection Molding Machine Market, by Key Countries 5 Market Overview5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 High Demand from the Packaging Industry5.2.1.2 Rising Awareness About Energy Saving5.2.1.3 Growth in Automotive Sector Fueling Demand for Large Plastic Molds5.2.1.4 New Developments in Plastic Injection Molding Technology5.2.2 Restraints5.2.2.1 High Initial and Maintenance Cost of Machines5.2.3 Opportunities5.2.3.1 Growing Demand from Healthcare Industry5.2.3.2 Growing Demand for Large-Tonnage Plastic Injection Molding Machines5.2.3.3 Rising Trend of Electric Vehicles to Increase Demand for Plastic Injection Molds5.2.4 Challenges5.2.4.1 High Heating and Hydraulic Pressure5.2.4.2 Less Economical for Small Production Capacities5.3 Technology Overview5.4 Porter's Five Forces Analysis5.4.1 Threat of Substitutes5.4.2 Threat of New Entrants5.4.3 Bargaining Power of Suppliers5.4.4 Bargaining Power of Buyers5.4.5 Intensity of Competitive Rivalry5.5 Macroeconomic Indicators5.5.1 GDP Trends and Forecast of Major Economies5.6 COVID-19 Impact5.6.1 Introduction5.6.2 COVID-19 Health Assessment5.6.3 COVID-19 Economic Assessment5.6.3.1 COVID-19 Impact on the Economy - Scenario Assessment5.7 Impact of COVID-19: Customer Analysis 6 Industry Trends6.1 Supply Chain Analysis6.1.1 Raw Materials6.1.2 Manufacturing of Plastic Injection Molding Machines6.1.3 Distribution to End-user6.2 Plastic Injection Molding Machine Market: Realistic, Pessimistic, Optimistic, and Non-COVID-19 Scenario6.2.1 Non-COVID-19 Scenario6.2.2 Optimistic Scenario6.2.3 Pessimistic Scenario6.2.4 Realistic Scenario6.3 Shift in Revenue Streams due to Megatrends in End-use Industries6.4 Connected Markets: Ecosystem6.5 Case Studies6.6 Trade Data Statistics6.7 Average Selling Price6.8 Regulatory Landscape6.8.1 Regulations Related to Plastic Injection Molding Machine6.9 Patent Analysis6.9.1 Introduction6.9.2 Methodology6.9.3 Document Type6.9.4 Insight6.9.5 Jurisdiction Analysis6.9.6 Top Applicants 7 Plastic Injection Molding Machine Market, by Machine Type7.1 Introduction7.2 Hydraulic Injection Molding Machine7.3 All-Electric Injection Molding Machine7.4 Hybrid Injection Molding Machine 8 Plastic Injection Molding Machine Market, by End-use Industry8.1 Introduction8.2 Automotive8.3 Consumer Goods8.4 Packaging8.5 Healthcare8.6 Electrical & Electronics8.7 Others 9 Plastic Injection Molding Machine Market, by Clamping Force9.1 Introduction9.2 0-200 Ton-Force9.3 201-500 Ton-Force9.4 Above 500 Ton-Force 10 Plastic Injection Molding Machine Market, by Region10.1 Introduction10.2 APAC10.3 Europe10.4 North America10.5 Middle East & Africa10.6 South America 11 Competitive Landscape11.1 Introduction11.2 Market Evaluation Framework11.3 Ranking Analysis of Key Market Players, 201911.4 Market Share of Key Players11.4.1 Haitian International Holdings Limited11.4.2 Chen Hsong Holdings Limited11.4.3 Engel Austria GmbH11.4.4 Sumitomo Heavy Industries Limited11.4.5 Hillenbrabd, Inc. (Milacron Holdings Corp.)11.5 Company Product Footprint Analysis11.6 Company Evaluation Matrix (Tier 1)11.6.1 Terminology/Nomenclature11.6.1.1 Star11.6.1.2 Emerging Leader11.6.2 Strength of Product Portfolio11.6.3 Business Strategy Excellence11.7 Start-Up/SME Evaluation Matrix11.7.1 Terminology/Nomenclature11.7.1.1 Responsive Companies11.7.1.2 Dynamic Companies11.7.1.3 Starting Blocks11.7.2 Strength of Product Portfolio11.7.3 Business Strategy Excellence11.8 Revenue Analysis of Major Players, 2015-201911.9 Competitive Situations and Trends11.9.1 Product Launches11.9.2 Deals11.9.3 Other Developments 12 Company Profiles12.1 Major Players12.1.1 Haitian International Holdings Limited12.1.1.1 Business Overview12.1.1.2 Products Offered12.1.1.3 Recent Developments12.1.1.4 Winning Imperatives12.1.1.5 SWOT Analysis12.1.1.6 Current Strategies12.1.1.7 Right to Win12.1.2 Sumitomo Heavy Industries Limited12.1.3 The Japan Steel Works Ltd.12.1.4 Chen Hsong Holdings Limited12.1.5 Hillenbrand, Inc.12.1.6 Engel Austria GmbH12.1.7 Arburg GmbH & Co. KG12.1.8 Nissei Plastic Industrial Co. Ltd.12.1.9 Husky Injection Molding Systems Ltd.12.1.10 Kraussmaffei Group GmbH12.1.11 Dongshin Hydraulic Co. Ltd.12.2 Startups/SME Players12.2.1 Niigata Machine Techno Company, Ltd.12.2.2 Huarong Plastic Machinery Co. Ltd.112.2.3 Fu Chun Shin Machinery Manufacture Co. Ltd.12.2.4 Shibaura Machine (Toshiba Machine Co. Ltd.)12.2.5 Oima Srl12.2.6 R.P. Injection Srl12.2.7 Toyo Machinery & Metal Co. Ltd.12.2.8 Boco Pardubice Machines S.R.O.12.2.9 Mitsubishi Heavy Industries Plastic Technology Co. Ltd.12.2.10 Woojin Plaimm Co. Ltd.12.2.11 Borche North America Inc.12.2.12 Multiplas Enginery Co. Ltd.12.2.13 Mold Hotrunner Solutions Ltd.12.2.14 Dr. Boy GmbH & Co. KG12.2.15 SMF Maschinenfabrik GmbH 13 Adjacent and Related Markets13.1 Introduction13.2 Limitations13.3 Molded Plastics Market13.3.1 Market Definition13.3.2 Market Overview13.3.3 Molded Plastics Market, by Type13.3.3.1 Polyethylene13.3.3.2 Polypropylene13.3.3.3 Polyvinyl Chloride13.3.3.4 Polyethylene Terephthalate13.3.3.5 Polystyrene13.3.3.6 Polyurethane13.3.3.7 Others 14 Appendix14.1 Discussion Guide14.2 Knowledge Store: The Subscription Portal14.3 Available Customizations For more information about this report visit https://www.researchandmarkets.com/r/f7123c CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900