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Global Injection Moulding Machine Market Is To Be Driven By Rapid Growth In Automotive Industry Along With The High Demand From The Packaging Industry And Advancements In Injection Molding Technology
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The new report by Expert Market Research titled, 'Injection Molding Machine Market Report and Forecast 2021-2026, gives an in-depth analysis of the Injection Molding Machine Market , assessing the market based on its segments like machine type, product type, clamping force , sales type, end use and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.
Request a free sample copy in PDF or view the report summary@ https://bityl.co/D0g5
The key highlights of the report include:
Market Overview (2016-2026)
- Forecast Market Size (2020): USD 16 trillion
- Forecast CAGR (2021-2026): 3.4%
- Forecast Market Size (2026): USD 20 trillion
Overall, the rise in demand for injection molded plastic products is expected to accelerate the adoption of injection molding machines. In addition, an increased focus on the use of energy-efficient equipment is projected to fuel the development of the global injection molding industry. Moreover, the introduction of the hybrid machine and the rise in the usage of all-electric injection molding machines are expected to drive the growth of the global demand for injection molding machines over the coming years.
Industry Definition and Major Segments
Injection molding machines conduct injection molding processes that are usually used for the manufacture of plastic components; however, they may also be used for the manufacture of articles or pieces consisting of materials other than plastic. The injection molding process may be used to manufacture a wide variety of parts or products that can differ considerably in their form, scale and end-use applications. The injection molding system heats the substance to be injected into the mold in which the molten material cools and solidifies, assuming the form of the intended piece.
On the basis of machine type, the machinery is bifurcated into:
- All Electric
On the basis of product type:
Based on clamping force, the market can be divided into:
- 0–200 Tone
- 201–500 Ton Strength
- Above 500 Ton Strength
Based on sales of the injection molding machine market can be divided into:
- New Sales
By End Use injection molding machine market can be divided into:
- Consumer Goods
- Electrical and Electronics
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The rising popularity of injection molding machine is mainly due to the rapid industrialization trend in developing countries. Technological advances requiring specialized components of rapid urbanization and infrastructure growth are further driving growth. Increased demand for production timeline reduction also serves as an improvement in the market growth of injection molding machines in recent years.
The factors that constrain the growth of the market are the ban on plastics across the world as a result of growing environmental awareness among the population. As plastics are extracted from naturally occurring materials such as coal, natural gas and crude oil, the rapid depletion of plastics also raises questions about potential demand development.
Key Market Players
The major players in the market are Haitian International Holdings Limited, Engel Machinery Inc., Sumitomo Heavy Industries Limited, Japan Steel Works, Ltd., Chen Hsong Holdings Limited, Nissei Plastic Ind, and others. The report covers the market shares, plant turnarounds, capacities, investments, expansions and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
Company Name: Claight Corporation
Contact Person: Steven Luke, Corporate Sales Specialist – USA
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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