The Fully Automatic Molding Machine Market Size was valued at USD 10.99 billion in 2022. The Fully Automatic Molding Machine Market industry is projected to grow USD 17.50 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.20% during the forecast period (2024 - 2032). The growing emphasis on cost reduction and improved product quality, coupled with advancements in automation technology are the key market drivers fueling the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for fully automatic molding machine is being driven by increasing demand for high production efficiency in manufacturing processes. As industries strive for greater productivity and cost-effectiveness, the adoption of automated solutions becomes imperative. Fully automatic molding machines play a pivotal role in achieving this goal by streamlining production processes, minimizing manual intervention, and optimizing the overall manufacturing workflow. Automated molding machines are capable of consistently delivering precise and uniform results, reducing the margin of error associated with manual labor. This high level of accuracy is crucial, particularly in industries such as automotive, electronics, and packaging, where even minor variations can have significant consequences. The efficiency gains from automation not only lead to increased output but also contribute to resource optimization, as these machines can operate continuously without the need for frequent breaks or shifts.
The growing emphasis on cost reduction within manufacturing industries is another driving force behind the expansion of the fully automatic molding machine market. Companies are under constant pressure to enhance their competitiveness by lowering production costs while maintaining or improving product quality. Fully automatic molding machines offer a solution to this challenge by reducing labor costs, minimizing material wastage, and optimizing energy consumption.
Additionally, continuous advancements in automation technology represent a crucial driver for the fully automatic molding machine market. The integration of cutting-edge technologies, such as artificial intelligence, machine learning, and sensor innovations, enhances the capabilities of these machines, making them more intelligent, adaptable, and user-friendly. Advanced automation features enable real-time monitoring, predictive maintenance, and self-diagnosis, reducing downtime and enhancing overall equipment efficiency.
According to the International Federation of Robotics (IFR) reported that the sales of industrial robots, including those used in automation processes like molding, reached 384,000 units in 2020, representing a year-on-year increase of 11%. It also reported that the automotive industry, a major consumer of molding machines, increased its robot installations by 22% in 2020, emphasizing the industry's commitment to automation for cost efficiency. As a result demand for Fully Automatic Molding Machine is expected to increase due to the increased focus on enhancing the production capacity, and adoption of industrial robotics. Thus, driving the Fully Automatic Molding Machine market revenue.
The Fully Automatic Molding Machine Market segmentation, based on product type includes ≤ 3 Axis Robots and > 3 Axis Robots. The > 3 Axis Robots segment dominated the market, accounting for more than half of market revenue. This is attributed to its versatility and capability to handle complex manufacturing processes.
The Fully Automatic Molding Machine Market segmentation, based on Applications includes General Plastic, Automotive, Home Appliance, 3C Electronic, and Medical. The automotive segment dominated the market, accounting for one-third of market revenue. The automotive industry has been a pioneer in adopting advanced automation technologies to enhance production processes and ensure high-quality output.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American Fully Automatic Molding Machine market area will dominate this market due to its strong emphasis on technological innovation and manufacturing excellence. The region is home to advanced industries, particularly in the United States, where companies prioritize the integration of cutting-edge technologies such as automation, robotics, and Industry 4.0 principles.
Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Fully Automatic Molding Machine market accounts for the second-largest market share driven by its adherence to stringent quality standards and a commitment to sustainable manufacturing practices. European industries, especially in countries like Germany, are known for their precision engineering and commitment to producing high-quality products. Further, the German Fully Automatic Molding Machine market held the largest market share, and the UK Fully Automatic Molding Machine market was the fastest-growing market in the European region
The Asia-Pacific Fully Automatic Molding Machine Market is expected to grow at the fastest CAGR from 2024 to 2032 due to the region's rapid industrialization, emphasis on mass production, and a strong focus on cost efficiency. Countries like China, Japan, and South Korea are manufacturing powerhouses with a significant presence in the automotive, electronics, and consumer goods industries. Moreover, China’s Fully Automatic Molding Machine market held the largest market share, and the Indian Fully Automatic Molding Machine market was the fastest growing market in the Asia-Pacific region.
Leading market players are leveraging Industry 4.0 principles, companies integrate smart technologies like IoT (Internet of Things), artificial intelligence, and data analytics into their molding machines. This enables real-time monitoring, predictive maintenance, and optimization of production processes. Market participants are also adopting a variety of strategic moves to expand their worldwide presence, with important market developments including integration of Smart Technologies, contractual agreements, mergers and acquisitions, increased R&D investments, and Collaborating with technology companies. To expand and survive in a more competitive and rising market climate, Fully Automatic Molding Machine industry must offer innovative solution.
Offering customization options based on customer requirements helps companies meet the unique needs of different industries resulting in the global Fully Automatic Molding Machine industry growth. In recent years, the Fully Automatic Molding Machine industry has offered some of the most significant advantages to Consumers. Major players in the fully automatic molding machine market, including ABB, KUKA, Sepro Group, Wittmann Battenfeld Group, and others, are attempting to increase market demand by investing in product development to increase their product line and cater to diverse consumer needs.
ABB, a global technology leader, excels in electrification and automation to foster a sustainable future. With a workforce of around 105,000 employees, ABB leverages over 130 years of excellence to optimize manufacturing, transportation, power, and operations through the fusion of engineering expertise and advanced software solutions. Positioned at the forefront of industrial transformation, ABB's comprehensive offerings span electrification, automation, and digital convergence, driving innovation across diverse sectors. Committed to a more resource-efficient future, ABB's strategic vision aligns with global industrial advancements, making it a key player in shaping the trajectory of industries worldwide. In May 2020, B&R, an ABB Robotics and Discrete Automation unit, integrated ABB robots into its automation portfolio. This allows the programming of robot and press controls in a single application, utilizing ready-made software components. The integration eliminates the need for a dedicated robot controller, removes interfaces between the machine and robot, and establishes a common network for all axes and sensors.
SEPRO, established in 1973 stands as a pioneer, being among the first to develop Cartesian CNC robots for injection molding machines. Headquartered in La Roche sur Yon, France, the company boasts a global presence in 50 countries, facilitated by 11 subsidiaries and an extensive network of 40 exclusive distributors. With a diverse workforce of 650 individuals from 24 nationalities, including 80 in foreign subsidiaries, SEPRO collaborates with major players in the automotive, multimedia, and packaging sectors, having equipped over 40,000 injection molding machines worldwide. SEPRO's comprehensive offerings include 3-axis, 5-axis, and 6-axis robots controlled by the VISUAL control system. Their expertise extends to automation solutions such as insert placing, IML, overmolding, and complex stacking applications, complemented by a dedicated service offering encompassing spare parts, maintenance, and training. In October 2023, Sepro Group solidifies its global automation solutions leadership by acquiring a majority stake in Garbe Automatisme, a specialist in automation systems. The transaction, completed in July, enhances Sepro's position as a key supplier for plastic injection molders worldwide. Both companies are privately held, and specific financial details of the acquisition remain undisclosed.
June 2022: ENGEL has formed a collaboration with the ALPA Group, Brink, and IPB Printing, aiming to facilitate the utilization of recycled material (rPET) with the advanced ENGEL e-speed injection molding machine, featuring a robust injection unit.
January 2022: Haitian has established a joint venture with the HCMC University of Technology & Education to manage a laboratory. This facility includes designated sections for training, mold repair, and hands-on operations. It is equipped with Haitian's injection molding machines, robots, and peripheral equipment.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 10.99 Billion |
| Market Size 2032 | USD 17.50 Billion |
| Compound Annual Growth Rate (CAGR) | 5.20% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | ABB, KUKA, Sepro Group, Wittmann Battenfeld Group, FANUC, HAHN Automation, KraussMaffei Group, Teradyne, Yushin Precision Equipment, YASKAWA, and ENGEL |
| Key Market Opportunities | The growing emphasis on cost reduction within manufacturing industries is another driving force behind the expansion of the fully automatic molding machine market |
| Key Market Dynamics | Increasing demand for high production efficiency is driving the market growth |
Frequently Asked Questions (FAQ) :
The Fully Automatic Molding Machine Market size was valued at USD 10.99 Billion in 2022.
The global market is projected to grow at a CAGR of 5.20% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are FANUC, HAHN Automation, KraussMaffei Group, Teradyne, Yushin Precision Equipment, YASKAWA, and ENGEL.
The > 3 Axis Robots category dominated the market in 2022.
The automotive had the largest share in the global market.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
