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SAN FRANCISCO , Feb. 16, 2022 /PRNewswire/ -- The global injection molding machine market size is expected to reach USD 20.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.5% from 2021 to 2028. The growing demand for lightweight and complex components in the automotive and electronics industry is projected to increase industry growth over the years.
Key Insights & Findings from the report:
Read 138-page market research report, "Injection Molding Machine Market Size, Share & Trends Analysis Report by Material (Metal, Plastic), By Technology (Hydraulic, Electric), By End Use (Automotive, Consumer Goods, Packaging), By Region, And Segment Forecasts, 2021 - 2028", published by Grand View Research.
Injection Molding Machine Market Growth & Trends
The COVID-19 pandemic has caused unprecedented supply chain disruptions resulting in heavy losses for the market. However, the demand for PPE and medical equipment has created an upsurge for injection molding machines and has accelerated the use of automation with a focus on shortening production cycle time and increasing productivity.
The demand for electric injection molding machines is rising due to factors such as higher suitability to cleanrooms and reduced downtime. With companies focusing on environment-friendly manufacturing, the demand for electric injection molding machines that increase energy savings is anticipated to grow during the forecast period.
The major players in the market have invested extensively in research and development operations in recent years, which has led to the introduction of several innovative technologies, including Gas Assisted Injection Molding (GIT), foam injection molding, and multi-component injection molding that can be used across the market.
Injection Molding Machine Market Segmentation
Grand View Research has segmented the global injection molding machine market on the basis of material, technology, end-use, and region:
Injection Molding Machine Market Material Outlook (Revenue, USD Million, 2017 - 2028)
Injection Molding Machine Market Technology Outlook (Revenue, USD Million, 2017 - 2028)
Injection Molding Machine Market End-use Outlook (Revenue, USD Million, 2017 - 2028)
Injection Molding Machine Market Regional Outlook (Revenue, USD Million, 2017 - 2028)
List of Key Players of Injection Molding Machine Market
Check out more other studies published by Grand View Research:
Browse through Grand View Research's Micro Molding & Microspheres Industry Research Reports.
Browse through Grand View Research's Advanced Materials Industry Research Reports.
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Web: https://www.grandviewresearch.com Grand View Compass | Grand View Pipeline Follow Us: LinkedIn | Twitter
SOURCE Grand View Research, Inc.
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