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Injection Molding Machine Market
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Injection Molding Machine Market

Author: Swarup Sahu - Senior Consultant, Report ID - DS1401028, Published - December 2024

Segmented in Machine Type (Hydraulic Injection Molding, All-Electric Injection Molding, Hybrid Injection Molding), Product Type (Plastic, Metal, Rubber, Ceramic, Others), End-User Industry, Clamping Force and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Injection Molding Machine
Market Outlook

The world of Injection Molding Machines embodies a blend of creativity and usefulness that has significantly reshaped the manufacturing industry worldwide over time by enabling efficient mass production of plastic goods and enhancing operational speed and quality control standards across various fields such, as automotive and packaging industries. The market, for Injection molding machine was estimated at $19.2 billion in 2024. It is anticipated to increase to $29.1 billion by 2030 with projections indicating a growth to around $41.3 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 7.2% over the forecast period.


Automated Injection Molding Machines are designed to melt plastic granules and inject the melted material into a specified mold before cooling and ejecting the finished product for further processing or sale purposes. These machines are known for their processes and speed in producing intricate shapes with ease. A notable development, in this industry is the emergence of smart injection molding machines that have significantly impacted the sector.


Market Size Forecast & Key Insights

2019
$19.2B2024
2029
$38.5B2034

Absolute Growth Opportunity = $19.3B

The Injection Molding Machine market is projected to grow from $19.2 billion in 2024 to $38.5 billion in 2034. This represents a CAGR of 7.2%, reflecting rising demand across Automobile Manufacturing, Packaging Industry and Medical Devices Production.

The Injection Molding Machine market is set to add $19.3 billion between 2024 and 2034, with manufacturer targeting Metal & Rubber Product Type projected to gain a larger market share.

With Rise in automation technologies, and Surge in end-user industries, Injection Molding Machine market to expand 100% between 2024 and 2034.

Opportunities in the Injection Molding Machine Market

Advancements in Automation

In this era of Industry 4.0. automation has become a feature in the manufacturing industrys landscape. More and more companies are looking to enhance efficiency and minimize human mistakes by turning to automated injection molding machines. These machines stand out not for their efficiency but also for their ability to craft precise components with accuracy. As a result of these qualities they have found favor in sectors, like automotive, aerospace and healthcare where precision plays a role.

Growth Opportunities in North America and Europe

Europe Outlook

Europe is a player in the global Injection Molding Machine market after Asia Pacific region due to its strong manufacturing industries like automotive and consumer goods sectors. The competition is fierce with international and regional suppliers vying to strengthen their market presence. There are prospects for growth in the region, by adopting Industry 4.0 technologies and moving towards environmentally friendly manufacturing practices.

North America Outlook

North America leads the Injection Molding Machine market with significant expansion driven by its cutting edge technology sector and strict environmental policies along with a strong demand from the automotive and packaging sectors. The market is highly competitive with major companies providing a variety of products. There are prospects for growth, in updating and embracing friendly machines consistently.

North America Outlook

North America leads the Injection Molding Machine market with significant expansion driven by its cutting edge technology sector and strict environmental policies along with a strong demand from the automotive and packaging sectors. The market is highly competitive with major companies providing a variety of products. There are prospects for growth, in updating and embracing friendly machines consistently.

Europe Outlook

Europe is a player in the global Injection Molding Machine market after Asia Pacific region due to its strong manufacturing industries like automotive and consumer goods sectors. The competition is fierce with international and regional suppliers vying to strengthen their market presence. There are prospects for growth in the region, by adopting Industry 4.0 technologies and moving towards environmentally friendly manufacturing practices.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : China, United States, Germany, Japan, India are expected to grow at 4.7% to 6.9% CAGR

2

Emerging Markets : Vietnam, Indonesia, Brazil are expected to grow at 8.3% to 9.9% CAGR

Market Analysis Chart

The Injection Molding Machine markets growth is influenced by key factors. Initially the rising need for goods in sectors like automotive, packaging and consumer goods plays a crucial role. This demand stimulates manufacturing activities resultantly necessitating the utilization of injection molding machines. Moreover technological progressions have empowered manufacturers to create energy machinery further boosting the demand. Ongoing enhancements in design and technological advancements also serve as driving forces, for the industrys development.

Recent Developments and Technological Advancement

December 2024

The Krauss Maffei Group introduced their AX series injection molding machine which boasts enhanced modularity and improved production efficiency.

October 2024

Arburg GmbH has just revealed their plans to expand their production facilities in Asia in response to the growing demand, for Injection Molding Machines.

August 2024

Engel Austria GmbH is making progress in the realm of Intelligent Injection Molding thanks, to the implementation of machine interfaces and predictive maintenance capabilities.

Lately in the market of Injection Molding Machines there have been impacts from the progress in industrial automation and the thriving plastic industry as well as the increasing need for intricate molded parts in industries like automotive and healthcare among others. It is impressive how machines, with enhanced speed and accuracy have contributed significantly to market expansion.

Impact of Industry Transitions on the Injection Molding Machine Market

As a core segment of the Industrial Tools & Machinery industry, the Injection Molding Machine market develops in line with broader industry shifts. Over recent years, transitions such as Shift Towards Automation and Advent of Hybrid Machines have redefined priorities across the Industrial Tools & Machinery sector, influencing how the Injection Molding Machine market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Shift Towards Automation:

In the few years there has been a significant move towards automation in the injection molding machine sector with companies opting for robot assisted equipment to improve productivity and cut down labor expenses. These automated machines provide accuracy and speed along with quality which marks a new phase in the industrys development. By minimizing the chances of error and ensuring seamless production processes; these machines have had a notable impact, on market trends.

2

Advent of Hybrid Machines:

The introduction of injection molding machines is revolutionizing the industry landscape for operators as it merges electric and hydraulic molding technologies to deliver superior energy efficiency levels along, with increased speed and operational reliability.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Industrial Tools & Machinery industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Industrial Tools & Machinery industry cascade into the Injection Molding Machine market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Rise in Automation Technologies, and Investments in Lightweight and Durable Components

The use of automation technologies in industries worldwide is also driving the growth of the injection molding machine market significantly. Businesses are also investing more, in these machines as they offer cost effective manufacturing processes with enhanced productivity and precision while reducing errors.
The growing preference for creating more durable parts across different industries like automotive is also increasing the need for injection molding machines. The use of these machines allows for the production of components with a high strength to weight ratio that are also in high demand in todays competitive market, for products.
Industries like consumer goods are also seeing a continuous rise in demand for injection molding machines thanks, to their ability to produce high quality items efficiently and in large quantities.

Restraint: High Initial Investment

The significant obstacle hindering the expansion of the Injection Molding Machine industry is the initial investment required to enter the market and sustain operations over time—a cost that is often prohibitive for small to medium sized businesses (SMEs). The high upfront expenses associated with acquiring and operating this equipment might dissuade enterprises, with constrained budgets from embracing this innovation and therefore impede market development.

Challenge: Energy Efficiency Concerns

One limitation impacting this market is the worry about energy efficiency in injection molding machines since they often consume a lot of energy which raises both operational expenses for companies and environmental worries due to their significant carbon footprint size. As sustainability gains importance, in business practices this might hinder the widespread use of injection molding machines.

Supply Chain Landscape

Raw Material Suppliers

BASF

Dow Chemicals

Injection Molding Machine Manufacturers

Engel Austria

Haitian International

Component & Auxiliary Equipment Suppliers
Wittmann Battenfeld / Arburg
End User Industries
Automotive industry / Packaging industry / Healthcare industry
Raw Material Suppliers

BASF

Dow Chemicals

Injection Molding Machine Manufacturers

Engel Austria

Haitian International

Component & Auxiliary Equipment Suppliers

Wittmann Battenfeld

Arburg

End User Industries

Automotive industry

Packaging industry

Healthcare industry

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Leading Providers and Their Strategies

Application AreaIndustryLeadingProvidersProvider's Strategies
Automotive Components
Automotive Industry
Arburg, Engel Austria GmbH
Expanding Production Facilities, Customized Solutions
Packaging Products
Packaging Industry
Haitian International, Chen Hsong Machinery
Focus on Sustainability, Innovative Packaging Solutions
Medical Devices
Healthcare Industry
Sumitomo (SHI) Demag, Husky Injection Molding Systems
R&D Investments, High Precision Molds
Consumer Goods
Consumer Goods Industry
BOY Machines Inc., Wittmann Battenfeld
Optimization for Energy Efficiency, Wide Range of Product Portfolio

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Injection Molding Machine market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Injection Molding Machine in Packaging Industry, Automobile Manufacturing and Medical Devices Production

Packaging Industry

In the packaging sector injection molding machines are employed to manufacture containers and bottle caps swiftly and cost effectively due to their high volume production capacity It is a choice for leading companies like Nestle and Unilever, for packaging consumer goods.

Automobile Manufacturing

Injection molding machines play a role in the automotive sector for producing a wide range of components like dashboards and door panels with intricate designs and smooth finishes at an efficient rate and cost effective manner which major industry players such, as Honda and Ford heavily depend upon for their production needs.

Medical Devices Production

Injection molding machines are crucial in manufacturing tools like surgical instruments and disposable devices and also implantable gadgets. The primary advantage here is the accurate output that these machines deliver to meet strict medical requirements. Major players in the market such, as Medtronic and Johnson & Johnson rely on these machines for scale and top notch production processes.

Injection Molding Machine vs. Substitutes:
Performance and Positioning Analysis

Injection molding machines provide precision and durability for mass production compared to 3 D printing and CNC machining due to their unique market positioning and potential growth, in automation technology.

Injection Molding Machine
  • 3D Printing Technology /
  • Blow Molding Machine /
  • Rotational Molding Machine
    High production rate, Precision and accuracy in molding
    High initial setup and machinery costs, Complex process requiring skilled labor
    Lower material waste, cost-effective for large scale production
    High setup cost, not suitable for small scale production

Injection Molding Machine vs. Substitutes:
Performance and Positioning Analysis

Injection Molding Machine

  • High production rate, Precision and accuracy in molding
  • High initial setup and machinery costs, Complex process requiring skilled labor

3D Printing Technology / Blow Molding Machine / Rotational Molding Machine

  • Lower material waste, cost-effective for large scale production
  • High setup cost, not suitable for small scale production

Injection molding machines provide precision and durability for mass production compared to 3 D printing and CNC machining due to their unique market positioning and potential growth, in automation technology.

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Research Methodology

This market research methodology defines the Injection Molding Machine market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Industrial Tools & Machinery ecosystem, we analyze Injection Molding Machine across Automotive, Packaging, and Healthcare Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:

Prodcom / Census US / Statcan / e-stat Japan / ABS Australia / KOSIS Korea

Annual Reports / Industry Magazines / Country Level Ministerial Sources / World Mining Data

• Trade Sources (USA Trade Census, EU Comext, China Customs)

Interviews of Industry Stake Holders

Industry Views of Consultants

merics.org

• NAICS - Economic Statistics (US, Canada)

DataString Database

We benchmark competitors such as Haitian International Holdings Limited, Chen Hsong Holdings Limited, and Sumitomo Heavy Industries Ltd by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Suppliers, Injection Molding Machine Manufacturers, and Component & Auxiliary Equipment Suppliers. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Industrial Tools & Machinery revenues to estimate the Injection Molding Machine segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Suppliers (BASF, Dow Chemicals), Injection Molding Machine Manufacturers (Engel Austria, Haitian International), and Component & Auxiliary Equipment Suppliers. Our parallel substitute analysis examines 3D Printing Technology, Blow Molding Machine, and Rotational Molding Machine, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Haitian International Holdings Limited, Chen Hsong Holdings Limited, and Sumitomo Heavy Industries Ltd, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Injection Molding Machine market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Injection Molding Machine Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 20.6 billion
Revenue Forecast in 2034USD 38.5 billion
Growth RateCAGR of 7.2% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 202419.2 billion
Growth OpportunityUSD 19.3 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 202419.2 billion USD
Market Size 202723.7 billion USD
Market Size 202927.2 billion USD
Market Size 203029.1 billion USD
Market Size 203438.5 billion USD
Market Size 203541.3 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredMachine Type, Product Type, End-User Industry, Clamping Force
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledHaitian International Holdings Limited, Chen Hsong Holdings Limited, Sumitomo Heavy Industries Ltd, Engel Austria GmbH, Arburg GmbH + Co KG, Nissei Plastic Industrial Co. Ltd, Husky Injection Molding Systems Ltd, Hillenbrand Inc, The Japan Steel Works Ltd, Milacron Holdings Corp, Tederic Machinery Co. Ltd and Wittmann Battenfeld GmbH
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Injection Molding Machine Market Size, Opportunities & Strategic Insights, by Machine Type

4.1Hydraulic Injection Molding
4.2All-Electric Injection Molding
4.3Hybrid Injection Molding
Chapter 5

Injection Molding Machine Market Size, Opportunities & Strategic Insights, by Product Type

5.1Plastic
5.2Metal
5.3Rubber
5.4Ceramic
5.5Others
Chapter 6

Injection Molding Machine Market Size, Opportunities & Strategic Insights, by End-User Industry

6.1Automotive
6.2Packaging
6.3Healthcare
6.4Electrical and Electronics
Chapter 7

Injection Molding Machine Market Size, Opportunities & Strategic Insights, by Clamping Force

7.10-200 Ton-Force
7.2201-500 Ton-Force
7.3Above 500 Ton-Force
Chapter 8

Injection Molding Machine Market, by Region

8.1North America Injection Molding Machine Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Injection Molding Machine Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Injection Molding Machine Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Injection Molding Machine Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Injection Molding Machine Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Injection Molding Machine Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1Haitian International Holdings Limited
9.2.2Chen Hsong Holdings Limited
9.2.3Sumitomo Heavy Industries Ltd
9.2.4Engel Austria GmbH
9.2.5Arburg GmbH + Co KG
9.2.6Nissei Plastic Industrial Co. Ltd
9.2.7Husky Injection Molding Systems Ltd
9.2.8Hillenbrand Inc
9.2.9The Japan Steel Works Ltd
9.2.10Milacron Holdings Corp
9.2.11Tederic Machinery Co. Ltd
9.2.12Wittmann Battenfeld GmbH