The global injection moulding machines market was worth US$ 14.7 Bn in 2018 and is estimated to reach US$ 21.4 Bn by 2026. Injection moulding machines are used in the manufacturing of durable and lightweight products. Automobile and packaging sectors exhibit the highest demand for these machines on the account of the rising adoption of plastic products while manufacturing automobiles. Furthermore, the demand for injection moulding machines is increasing in developing countries such as India and China. For instance, the packaging industry in India is rapidly growing by exhibiting a CAGR of 22-23% every year.
Against this backdrop, the injection moulding machines market growth is likely to expand in the forecast years. Precision moulding is now gaining popularity as it helps engineers to monitor the injection process and make changes in real-time. Furthermore, rising interest in sustainability is encouraging companies to focus on energy efficiency. Such trends are expected to play an integral role in product development, which in turn, will help the market to flourish.
The report encompasses a detailed analysis of some of the leading players functioning in the global injection moulding machines market. These include:
- Haitian International
- Husky Injection Molding Systems Ltd.
- Chen Hsong Holdings Limited
- Japan Steel Works, Ltd.
- Engel Austria GmbH
- Ningbo KEBIDA Plastic Machinery
