Global Plastic Injection Molding Machine market will reach 10429.24 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/9/29

In last several years, the injection molding machine market has basically reached a saturated state, and the industry growth rate is slow. However, since 2017, the global economy has gradually recovered from the downturn. Domestic demand enhancement and external demand recovery have brought strong growth momentum to the injection molding machine market. Benefiting from the continuous improvement of the industry's prosperity, the global market for injection molding machines in 2018 was 8.627 billion US dollars, and the sales volume was 137111 units with an increase of 2.85% compared with last year.

In 2018, China's injection molding machine production accounted for over 60% of global production, the number reached nearly 95000 units, and the export volume reached about 36000 units. The product was mainly exported to Turkey, the United States, Southeast Asia, Brazil, etc. The main imported products are mainly high-end all-electric types, and the price of imported products is several times of export products. Chinese companies dominate the low-end market, and European and Japanese companies have advantages in the high-end market.

From the analysis of product segment, small and medium-sized models (clamping force ≤ 650 tons) occupy more than 90% of the market. Injection molding machines are mainly used in general plastics industry, automotive industry and home appliance industry.

Global Plastic Injection Molding Machine industry is both concentrated and fragmented because of the diversity of technologies. In the future, since the industry is technology oriented, market position of leading players is likely to be governed by novel product launches. The key players are Haitian International, ENGEL Holding GmbH, ARBURG GmbH, Sumitomo Heavy Industries, Milacron, Wittmann Battenfeld, Fanuc, Toshiba, Nissei Plastic, Husky, JSW Plastics Machinery, Toyo, Chenhsong, Yizumi, LK Technology,Cosmos Machinery， Tederic， UBE Machinery ，Windsor. Haitian International is the world's largest manufacturer of injection molding machines.

The global Plastic Injection Molding Machine market is valued at 8627.53 million USD in 2018 and is expected to reach 10429.24 million USD by the end of 2025, growing at a CAGR of 2.75% between 2018 and 2025.

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