Plastic Injection Moulding Machine Market Overview:
As per MRFR analysis, the Plastic Injection Moulding Machine Market Size was estimated at 6.51 (USD Billion) in 2023.The Plastic Injection Moulding Machine Market is expected to grow from 6.79 (USD Billion) in 2024 to 10.8 (USD Billion) by 2035. The Plastic Injection Moulding Machine Market CAGR (growth rate) is expected to be around 4.31% during the forecast period (2025 - 2035).
Key Plastic Injection Moulding Machine Market Trends Highlighted
Technological developments and rising demand from a variety of industries are driving several significant trends in the global plastic injection molding machine market. The manufacturing landscape is being drastically changed by automation and the incorporation of Industry 4.0 techniques, which encourage accuracy and efficiency in production processes.
Advances in robotics, artificial intelligence, and Internet of Things technologies provide a significant foundation for these breakthroughs. In response to growing environmental concerns, businesses are also being pushed to embrace eco-friendly materials and energy-efficient machinery by the increased emphasis on sustainable production processes.
There are many opportunities in the global market, especially as sectors like consumer products, packaging, and automobiles continue to grow. Manufacturers are investing in improved injection molding technology as a result of the increased demand for durable and lightweight products.
Additionally, machine vendors have an opportunity to develop their solutions due to the tendency toward customization in manufacturing. As they increase their manufacturing capacity and open up new growth opportunities, emerging economies are also emerging as major players in the market.
The trend toward smart manufacturing and real-time monitoring systems has recently had an effect on the global market for plastic injection molding machines. These upgrades decrease production downtime by increasing operational efficiency and enabling predictive maintenance.
Because businesses are increasingly searching for ways to recycle and repurpose plastic materials, there is a greater emphasis on the ideas of the circular economy. As a result, the landscape is always changing due to factors like sustainability, technology, and the demand for productive lines in a setting that is becoming more and more competitive.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Plastic Injection Moulding Machine Market Drivers
Rising Demand for Lightweight Materials in Automotive Industry
The Plastic Injection Moulding Machine Market is significantly driven by the increasing demand for lightweight materials in the automotive sector. Notably, the International Organization of Motor Vehicle Manufacturers has reported that global automobile production reached over 95 million units in the previous year.
As automotive manufacturers aim to improve fuel efficiency and reduce emissions, the use of lightweight plastics becomes paramount. For instance, leading automotive companies like Ford and Volkswagen are increasingly utilizing plastic components produced through injection moulding for parts such as bumpers and interior fittings.
The global push towards sustainability and fuel efficiency has contributed to a projected increase in plastic injection moulding machine sales, with forecasts indicating a substantial growth rate amid the evolving automotive landscape.
Advancements in Technology and Automation
Technological advancements and automation in plastic injection moulding processes are pivotal drivers of the Plastic Injection Moulding Machine Market. Automation leads to increased efficiency and reduced production costs.
A report from the International Federation of Robotics states that the total number of operational industrial robots worldwide exceeded 2.7 million units in recent times, with a significant proportion utilized in the plastics sector.
Companies such as Bosch and ABB are at the forefront of integrating advanced robotics into manufacturing processes, enabling higher precision and output. These technological enhancements position the market for sustained growth as manufacturers strive to meet the increasing demands for high-quality plastic components.
Growing Packaging Industry Fueled by E-Commerce
The expanding packaging industry, driven predominantly by the e-commerce boom, is a critical driver of the Plastic Injection Moulding Machine Market. According to reports from the United Nations Conference on Trade and Development, global e-commerce sales surged past 4 trillion USD recently, necessitating innovative packaging solutions.
Major companies like Amazon and Alibaba have significantly influenced packaging standards, leading to a higher requirement for durable plastic packaging that can be efficiently produced using injection moulding.
This sector's growth indicates a robust future for plastic injection moulding machines as packaging needs evolve and demand for sustainable materials rises, with many firms investing heavily in recyclable plastics.
Increasing Application Scope Across Industries
The versatility of plastic injection moulding technology is driving its application across diverse industries such as healthcare, electronics, and consumer goods. The World Health Organization highlights the growing need for medical devices and equipment, projecting that the global healthcare industry will require more plastic components due to rising health concerns.
Companies like Medtronic and General Electric are increasingly investing in advanced plastic products to enhance their medical offerings. This growing application range not only signifies the resiliency of the Plastic Injection Moulding Machine Market but also underscores its potential for future expansion as markets diversify and evolve.
Plastic Injection Moulding Machine Market Segment Insights:
Plastic Injection Moulding Machine Market Machine Type Insights
The Plastic Injection Moulding Machine Market showcased a robust segmentation based on machine type, including Hydraulic, Electric, and Hybrid categories.
The Hydraulic segment held a prominent position within the market, valued at 2.5 USD Billion in 2024 and anticipated to grow to 4.0 USD Billion by 2035, catering to a significant share of industrial applications due to its power and reliability in handling large volumes of plastic materials, making it a preferred choice for heavy-duty tasks.
Following closely was the Electric segment, which is valued at 2.0 USD Billion in 2024 and is expected to reach 3.2 USD Billion by 2035. Electric machines gained traction owing to their energy efficiency and precise control, aligning with current market trends towards sustainability and environmental considerations within the Plastic Injection Moulding Machine Market.
Meanwhile, the Hybrid segment, valued at 2.29 USD Billion in 2024, forecasts growth to 3.6 USD Billion by 2035, presenting a compelling alternative by combining the strengths of both Hydraulic and Electric technologies, which allows manufacturers to optimize performance and minimize energy consumption.
The increasing demand for lightweight and complex product designs in the automotive, consumer goods, and electronics sectors drives the need for advanced machinery, showcasing the importance of each machine type in meeting diverse manufacturing requirements.
The growth drivers for the entire Plastic Injection Moulding Machine Market stem from advancements in technology, increased automation, and the ongoing shift towards more sustainable manufacturing practices. Challenges in the market may include the rising costs associated with high-end technologies and the volatility of raw material prices.
The market offers numerous opportunities, particularly for Electric and Hybrid machines, as manufacturers seek efficiency and sustainability, indicating a shift in preferences towards these advanced technologies.
This segmentation within the Plastic Injection Moulding Machine Market illustrates the diverse capabilities and strong demand, particularly in the Hydraulic segment, which continues to dominate due to its extensive applications across various industries, while Electric and Hybrid technologies present significant growth avenues aligned with future manufacturing trends.
The overall dynamics suggest a competitive landscape where performance, cost-effectiveness, and sustainability play crucial roles in shaping industry standards and consumer choices in the Plastic Injection Moulding Machine Market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Plastic Injection Moulding Machine Market Clamping Force Insights
The Plastic Injection Moulding Machine Market, specifically focusing on the Clamping Force segment, exhibits substantial dynamics, reflecting key market trends and growth patterns.
Within the Clamping Force segment, categories such as Less than 100 tons, 100 to 300 tons, 300 to 500 tons, and More than 500 tons play an essential role in catering to diverse manufacturing needs across various industries.
The 100 to 300 tons category stands out as significant, often dominating the market due to its versatility in handling medium-sized production runs and varying material types. Meanwhile, the Less than 100 tons segment serves small-scale operations, paving the way for innovations in design and efficiency.
The 300 to 500 tons category caters to medium-to-large scale applications, while the More than 500 tons segment addresses heavy-duty production demands, especially in automotive and aerospace sectors. These segments not only represent a broad spectrum of clamping force requirements but also reflect the necessity for advanced technology, enabling manufacturers to compete effectively on a global scale.
Plastic Injection Moulding Machine Market End User Industry Insights
The Plastic Injection Moulding Machine Market is poised for substantial growth. This market reflects diverse applications across various end user industries that underscore its significance.
The automotive sector stands out as a major player, known for its high demand for precise and durable components, while the consumer goods industry continuously relies on plastic injection moulding for producing a multitude of everyday products with high customization options.
The electronics segment benefits remarkably, given the need for lightweight, complex designs, particularly in devices with intricate features. Moreover, the medical devices sector exhibits strong growth because of the increasing demand for sterile and highly specialized moulded components catering to healthcare needs.
As these industries evolve with technological advancements and sustainability trends, the Plastic Injection Moulding Machine Market continues to expand, presenting numerous opportunities for innovation and market penetration. Increasing production capacity and focus on efficiency remain essential drivers alongside the challenges of rising raw material costs and environmental concerns.
Plastic Injection Moulding Machine Market Moulding Process Insights
The Global Plastic Injection Moulding Machine Market has shown significant advancement in the Moulding Process segment, which encompasses various innovative techniques crucial for meeting diverse manufacturing needs.
Multi-component moulding is becoming a popular choice due to its ability to produce complex parts in a single process, enhancing efficiency. Stack moulding is also gaining traction as it allows manufacturers to produce multiple layers simultaneously, resulting in improved product quality and reduced cycle times.
Gas-assisted moulding is vital for producing lightweight and structurally sound parts, evident in industries like automotive and consumer goods. Thin-wall moulding is important as it caters to the rising need for lighter, yet durable packaging solutions, addressing sustainability concerns.
Overall, these moulding processes are essential in driving innovation and efficiency in production, aligning with the market's dynamic growth and evolving consumer preferences.
Plastic Injection Moulding Machine Market Regional Insights
The Global Plastic Injection Moulding Machine Market demonstrated substantial growth, with notable contributions from various regions. In 2024, the North American market was valued at 2.14 USD Billion, making it a significant player with a majority holding that demonstrates its robust industrial base.
The European region follows with a valuation of 1.8 USD Billion, reflecting its strong manufacturing capabilities and demand driven by automotive and consumer goods sectors. The Asia-Pacific (APAC) market, valued at 2.25 USD Billion in the same year, was rapidly growing due to increased production activities and investment in technology, positioning it as a dominating force in global market growth.
In contrast, South America, with a valuation of 0.85 USD Billion, and the Middle East and Africa (MEA), valued at 0.75 USD Billion, were smaller segments that presented unique opportunities amidst emerging market dynamics.
The growth in these regions was spurred by rising urbanization and the need for affordable manufacturing solutions. The overall market dynamics reflect trends such as sustainability and automation, driving innovation across all regional markets and shaping their competitive landscape.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Plastic Injection Moulding Machine Market Key Players and Competitive Insights:
The Global Plastic Injection Moulding Machine Market is characterized by a dynamic and competitive landscape, where key players are constantly innovating to enhance their product offerings and expand their market presence. This market is driven by the increasing demand for plastic components across various industries, such as automotive, electronics, and consumer goods.
Competitive insights reveal that players in this sector are focusing on technological advancements, sustainability, and customization to meet the diverse needs of end-user applications. Factors like efficiency, precision, and machine versatility are pivotal in determining a company's position within this highly competitive environment.
Amidst the ongoing competition, collaboration and strategic partnerships are evident as firms seek to capitalize on new opportunities and address market challenges.
KraussMaffei is a prominent player in the Global Plastic Injection Moulding Machine Market, known for its robust engineering capabilities and comprehensive product range. The company has positioned itself as a leader through its advanced manufacturing technologies, offering machines that combine high performance with energy efficiency.
KraussMaffei's strengths lie in its commitment to innovation and customer-centric approach, enabling it to cater to specific production needs across industries. The company's strong global presence is supported by a well-established distribution network and service centers, providing timely support and maintenance to clients.
Additionally, KraussMaffei's emphasis on sustainability, through energy-efficient solutions and eco-friendly manufacturing processes, enhances its competitive edge in a market increasingly focused on environmental impact.
Nissei Plastic Industrial holds a significant position in the Global Plastic Injection Moulding Machine Market, delivering high-quality products tailored to the needs of various industries. The company specializes in the design and manufacture of injection moulding machines known for their precision and reliability.
Nissei Plastic Industrial’s strengths are reflected in its extensive R&D efforts that lead to innovative technologies and enhanced machine performance. With a strong emphasis on customer satisfaction, Nissei offers a variety of services including technical support and machine customization.
The company has strategically expanded its market presence through successful mergers and acquisitions, enhancing its capabilities and product portfolio. By focusing on key markets like automotive and electronics, Nissei Plastic Industrial reinforces its competitiveness with advanced solutions designed to optimize production efficiency and reduce costs for its global clientele.
Key Companies in the Plastic Injection Moulding Machine Market Include:
- KraussMaffei
- Nissei Plastic Industrial
- Sumitomo (SHI) Demag
- JSW
- Absolute Haitian
- Milacron
- Engel
- Toshiba Machine
- SODEC
- Demag
- Haitian International
- Fanuc
- Battenfeld
- Arburg
Plastic Injection Moulding Machine Market Developments
Recent developments in the Global Plastic Injection Moulding Machine Market have been marked by significant technological advancements and increasing demand across various sectors, including automotive, consumer goods, and packaging. Companies like KraussMaffei and Engel are leading innovations in energy-efficient machinery, contributing to the market's robust growth.
In March 2023, Nissei Plastic Industrial announced an expansion of its production capacity to meet rising demand, while JSW reported a notable increase in sales driven by new product launches.
Mergers and acquisitions have also shaped the landscape, with Milacron acquiring Hungarian manufacturer Tecoplast in November 2022, enhancing its presence in the Eastern European market. Demag has strengthened its market position with the acquisition of a strategic competitor in September 2023, indicating a consolidation trend in the industry.
The global market valuation has seen marked growth, with estimates forecasting a rise to USD 23 billion by 2025, as companies like Absolute Haitian expand operations to cater to increasing international demand. Developments from these key players are driving market momentum, reflecting a dynamic and competitive environment in the Global Plastic Injection Moulding Machine Market.
Plastic Injection Moulding Machine Market Segmentation Insights
Plastic Injection Moulding Machine Market Machine Type Outlook
- Hydraulic
- Electric
- Hybrid
Plastic Injection Moulding Machine Market Clamping Force Outlook
- Less than 100 tons
- 100 to 300 tons
- 300 to 500 tons
- More than 500 tons
Plastic Injection Moulding Machine Market End User Industry Outlook
- Automotive
- Consumer Goods
- Electronics
- Medical Devices
Plastic Injection Moulding Machine Market Moulding Process Outlook
- Multi-component
- Stack moulding
- Gas-assisted moulding
- Thin-wall moulding
Plastic Injection Moulding Machine Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric Source: |
Details |
| MARKET SIZE 2023 |
6.51 (USD Billion) |
| MARKET SIZE 2024 |
6.79 (USD Billion) |
| MARKET SIZE 2035 |
10.8 (USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) |
4.31% (2025 - 2035) |
| REPORT COVERAGE |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR |
2024 |
| MARKET FORECAST PERIOD |
2025 - 2035 |
| HISTORICAL DATA |
2019 - 2024 |
| MARKET FORECAST UNITS |
USD Billion |
| KEY COMPANIES PROFILED |
KraussMaffei, Nissei Plastic Industrial, Sumitomo (SHI) Demag, JSW, Absolute Haitian, Milacron, Engel, Toshiba Machine, SODEC, Demag, Haitian International, Fanuc, Battenfeld, Arburg |
| SEGMENTS COVERED |
Machine Type, Clamping Force, End User Industry, Moulding Process, Regional |
| KEY MARKET OPPORTUNITIES |
Technological advancements in automation, Growing demand for lightweight materials, Expansion in automotive sector, Increasing focus on sustainability initiatives, Rise in consumer goods production |
| KEY MARKET DYNAMICS |
Technological advancements, Rising demand for automation, Increasing plastic consumption, Growing automotive industry, Shift towards sustainability |
| COUNTRIES COVERED |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Plastic Injection Moulding Machine Market is expected to be valued at 6.79 USD Billion in 2024.
By 2035, the Global Plastic Injection Moulding Machine Market is expected to reach a value of 10.8 USD Billion.
The expected CAGR for the Global Plastic Injection Moulding Machine Market from 2025 to 2035 is 4.31 %.
North America is anticipated to dominate the market with a value of 3.45 USD Billion by 2035.
In 2024, the market size for hydraulic molding machines is expected to be 2.5 USD Billion.
The market value for electric molding machines is projected to be 3.2 USD Billion in 2035.
Major players in the market include KraussMaffei, Nissei Plastic Industrial, Sumitomo (SHI) Demag, and JSW.
The anticipated market size in Europe for 2024 is valued at 1.8 USD Billion.
The hybrid machine type is expected to see significant growth, reaching a value of 3.6 USD Billion by 2035.
The projected market size for South America by 2035 is 1.37 USD Billion.
