Global Injection Molding Machines Market Is Expected to Reach $14.41 Billion by 2027: Says AMR
5 May 2021
Portland, OR, May 05, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global injection molding machines market was estimated at $10.89 billion in 2019 and is expected to hit $14.41 billion by 2027, registering a CAGR of 5.7% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Low labor cost and massive production advantage, high demand for injection molded plastic products, material flexibility, and low waste production are the major factors fueling the growth of the global injection molding machines market. On the other hand, high initial tooling and machinery cost, high threat of substitutes, and design restrictions on parts impede the growth to some extent. However, technological advancements present new opportunities in the coming years.
Download Sample PDF (476 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/5171
- The outbreak of covid-19 led to delays in manufacturing and production of injection molding machines, thereby impacting the market negatively. Also, there’s been a dwindled demand for the machines from the construction, automotive, packaging, and logistics industries
- However, several government bodies have initiated vaccination drives, and with this drift on board, the market is expected to recoup soon.
The injection molding machines market is analyzed across clamping force, machine type, solution, pressure type, application, and region. On the basis of machine type, the hydraulic segment accounted for more than two-fifths of the total market share in 2019 and is estimated to maintain its lead position by 2027. The all-electric segment, on the other hand, would exhibit the fastest CAGR of 6.3% from 2020 to 2027.
Get detailed COVID-19 impact analysis on the Overhead Cranes Market Request Here
On the basis of application, the automotive segment contributed to around one-fourth of the total market revenue in 2019, and is expected to dominate throughout the forecast period. Simultaneously, the packaging segment would exhibit the fastest CAGR of 6.9% from 2020 to 2027.
Based on region, Asia-Pacific garnered nearly half of the global injection molding machines market, and is expected to lead the trail by 2027. At the same time, the region across LAMEA would witness the fastest CAGR of 6.9% throughout the forecast period.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/5171
The key market players analyzed in the global injection molding machines market report include ENGEL, Haitian International, Husky Injection Molding Systems, KraussMaffei Group, Milacron Holdings Corp., ARBURG, Sumitomo Heavy Industries, The Japan Steel Works, Ube Industries, Ltd., BMB S.P.A., Nissei Plastic Industrial Co., Ltd., Shibaura Machine Co. Ltd., and Nigon. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Bar Bending Machines Market - Global Opportunity Analysis and Industry Forecast, 2019-2026
Metal Forming Machine Tools Market - Global Opportunity Analysis and Industry Forecast, 2020-2027
Bottle Blow Molding Market - Global Opportunity Analysis and Industry Forecast, 2019–2026
Mobile Hydraulic Equipment Market - Global opportunity analysis and industry forecast, 2020-2027
Laser Plastic Welding Market - Global opportunity analysis and industry forecast, 2020-2027
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on | Facebook | Twitter | LinkedIn