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Global Plastic Injection Moulding Machine (PIM) Market, By Material Type (Thermoplastic, Thermoset,

Published Date: | Report Code : EQ2166552

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Global Plastic Injection Moulding Machine (PIM) Market, By Material Type (Thermoplastic, Thermoset, and Others), Machine Type (Hydraulic, Hybrid, and All Electric), Clamping Force (Less than 250 Tons, 250 to 650 Tons, More than 650 Tons), By End-Use Industry (Automotive, Healthcare, Food & Beverages, Home Appliances, Electronics & Telecom, Building & Construction, General Plastics, and Others), By Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size and Forecast to 2028

COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.

Domain : Equipment

Report Code : EQ2166552

Status : Published

The Global Plastic Injection Moulding Machine Market size has been estimated to be USD 8,721.46 million in 2020 and is projected to register a CAGR of 4.56% to reach USD XX.X million by 2028. However, due to the Covid-19 impact, the market size estimation has come down to USD 7,335.89 million in 2020 and is projected to register a CAGR of XX.X% to hit USD XX.X million by 2028.

Plastic injection moulding is the most popular method used for manufacturing plastic parts. The plastic injection moulding process is quick and so, it can manufacture large quantities of the same plastic product in a short period of time. The materials currently used in the plastic injection moulding process are thermoplastics, thermoset, elastomers, and/or metals. Plastic injection moulding is widely used in manufacturing plastic parts, from toys to medical equipment.

In the aerospace and automotive industry, plastic injection moulding is used to produce different parts and components. A number of automotive components such as electrical housings, exterior body panels, bumpers, and dashboards are manufactured by using injection moulding machines. In recent years, the injection moulding industry has witnessed a number of changes, including a quicker time to market. It is expected that growing investment in technical innovations to reduce manufacturing costs and scraps, thus shortening the time of production, would drive market growth in the coming years.

Due to its highly developed technology sectors, advanced production capabilities, professional workers, and strong R&D investments, the U.S. is one of the most prominent markets in North America for plastic injection moulding machines. Growing plastic injection moulding machine applications and intensified competition have driven manufacturers to concentrate on new technical developments, which is generating strong growth in the market.

As one the most effective methods for mass production, plastic injection moulding is being used in a wide variety of industrial, medical, dental, aerospace, weapons, and automotive applications. The method of injection moulding is reproducible, and it produces identical goods at a faster speed. Plastic injection moulding machines can manufacture engineering components as well as small disposable consumer products with high accuracy.

The demand for automobile parts in developing markets has increased due to factors such as massive population growth, increasing industrialization, and technological advances. The adoption of plastic injection moulding machine in different applications, such as interior and exterior trim parts, under-hood applications, and electronic subassemblies, is anticipated to have a significant effect on market growth

FIGURE 1: PLASTIC INJECTION MOULDING MACHINE MARKET

       FIGURE 1: PLASTIC INJECTION MOULDING MACHINE MARKET

 The global plastic injection moulding machine market is segmented based on material type, machine type, clamping force, and end-use industry.

FIGURE 2: GLOBAL PLASTIC INJECTION MOULDING MACHINE MARKET SEGMENTATION

FIGURE 2: GLOBAL PLASTIC INJECTION MOULDING MACHINE MARKET SEGMENTATION

 Global Plastic Injection Moulding Machine Market, By Material Type

Based on the material type, the global plastic injection moulding machine market is divided into thermoplastic, thermoset, and others. Among these, the thermoplastic segment is expected to hold the largest market share during the forecast period. This segment has been valued at USD XX.X million in 2020 and is projected to grow at a CAGR of 4.63% during the forecast period to reach USD X,845.2 million by 2028. However, due to the impact of Covid-19 on the market, the estimated value of the thermoplastic segment has come down to USD X,593.60 million in 2020 and is projected to register a CAGR of XX.X% during the forecast period to hit USD X,815.62 million by 2028.

Thermoplastics are plastic polymers that soften when heated and solidify when cooled. Due to their unique chemical properties, thermoplastic materials can be remodeled and recycled without adversely affecting the physical properties of the material. This makes thermoplastics the ideal material for injection moulding. For most solutions, thermoplastic material is typically leak-proof. Consequently, the product's emission rate is lower than that of others. The most common manufacturing approach is thermoplastic injection moulding. Thermoplastics are polymers that can be molten or softened by heating and cooling repeatedly.

Global Plastic Injection Moulding Machine Market, By Machine Type

Based on the machine type, the global plastic injection moulding machine market is classified into all-electric, hydraulic, and hybrid. The hydraulic segment was estimated to hold the largest share in the global plastic injection moulding machine market in 2020. This segment has been valued at USD X,199.05 million in 2020 and is projected to grow at a CAGR of X.2% during the forecast period to reach USD X216.23 million by 2028.  However, due to the impact of Covid-19, the estimated value of the hydraulic segment has come down to USD X,373.08 million in 2020 and is projected to register a CAGR of X.6% during the forecast period, reaching USD X,349.36 million by 2028.

The demand for hydraulic technology is anticipated to be high in the automotive industry, where the manufacture of large and heavy components requires a high clamping power. It is commonly used in sectors such as aerospace, defense, and marine, for producing heavy parts. Digitally operated electric injection moulding machines can operate at high precision and speed. These devices need less start-up time and running time, making them suitable for electronic and electrical, automotive, and consumer goods industries, for making small and complex components.

Global Plastic Injection Moulding Machine Market, By Clamping Force

Based on the clamping force, the market is divided into less than 250 tons, 250 tons to 650 tons, and more than 650 tons. Among these segments, the 250 tons to 650 tons segment was estimated to hold the largest market share in 2020, while the more than 650 tons segment is anticipated to grow with the highest CAGR during the forecast period.

The 250 tons to 650 tons segment have been valued at USD X,002.02 million in 2020 and is projected to grow at a CAGR of X.4% during the forecast period to reach USD X,631.68 million by 2028. However, due to the impact of Covid-19 on the market, the estimated value of the 250 tons to 650 tons segment has come down to USD X,366.22 million in 2020 and is projected to register a CAGR of X.7% during the forecast period to hit USD XX.X million by 2028.

The growth of this segment can be attributed to the growth in the proportion of small and medium-sized manufacturing firms across developing and developed countries. For example, the Government of India has taken various steps to improve the SME sector by offering young entrepreneurs with attractive incentives, such as infrastructure development scheme and MSME market development assistance. Such incentives have been playing a major role in the growth of this segment.

Global Plastic Injection Moulding Machines Market, By End-Use Industry

Based on the end-use industry, the market is divided into automotive, healthcare, food & beverages, consumer goods, electronics and telecom, building & construction, and others. The automotive segment was estimated to hold the largest market share in the global plastic injection moulding machine market in 2020. This segment has been valued at USD X,962.87 million in 2020 and is projected to grow at a CAGR of X.0% during the forecast period to reach USD X,390.21 million by 2028. However, due to the impact of Covid-19, the estimated value of the automotive segment has come down to USD X,492.16 million in 2020 and is projected to register a CAGR of X.4% during the forecast period to hit XX.X million by 2028.

In the automotive sector, essential parts with the most complex shapes are made by using plastic injection moulding machines. These machines are used to make a range of vehicle components, such as bumpers, panels, electrical housings for the external body, as well as dashboards. In the consumer goods industry, the adoption of plastic injection moulding machines is expected to expand over the forecast period. They can be used in the manufacturing of consumer goods, such as personal care products, cosmetics, and housewares. It is expected that replacing conventional materials such as glass and wood with high-quality plastic would increase product demand in the industry.

Global Plastic Injection Moulding Machine Market, By Region

By region, the global plastic injection moulding machine market has been segmented as North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Asia Pacific region was estimated to hold the largest share of around X1.17% in the global plastic injection moulding machine market in 2020. This region has been valued at USD X,590.62 million in 2020 and is projected to grow at a CAGR of X.2% during the forecast period to reach USD X,371.33 million by 2028. However, due to the impact of Covid-19, the estimated value of the Asia Pacific region has come down to USD X,020.18 million in 2020 and is projected to register a CAGR of XX.X% during the forecast period to hit USD XX.X million by 2028.

Asia Pacific is a marketplace for many fast-growing industries including automotive, machinery manufacturing, and electronics, which provide ample growth opportunities for plastic injection moulding machine manufacturers. The region is characterized by low-cost, highly skilled labor, together with ample local government funding. The European plastic injection moulding machine market is anticipated to be propelled by the availability of skilled workforce, advanced infrastructure, and R&D facilities in the region. Further, in order to decrease their turnaround times and raise production levels, businesses are investing in technical advancements. This factor is also anticipated to accelerate market growth during the forecast period.

FIGURE 3: GLOBAL PLASTIC INJECTION MOULDING MACHINE MARKET (USD MILLION), PRE-COVID AND POST-COVID MARKET ESTIMATION AND FORECAST, 2020-2028

FIGURE 3: GLOBAL PLASTIC INJECTION MOULDING MACHINE MARKET (USD MILLION), PRE-COVID AND POST-COVID MARKET ESTIMATION AND FORECAST, 2020-2028

 Some Recent Developments in the Global Plastic Injection Moulding Machine Market:

  • January 2021 – Husky Injection Moulding Systems Ltd. has introduced the UltraShotTM Injection System, which is considered a breakthrough injection moulding technology designed to increase the overall part design freedom and speed-to-market with unmatched scale and quality.
  • January 2021 - Arburg is expanding its injection moulding business in Vietnam. The trade partnership started with LSVN Co. Ltd in January 2021, and it aims to provide more successful ways to supply "Made in Germany" high-tech machines to Asian market and offer excellent on-site service across the country.
  • October 2020 - ENGEL introduced the next version of its all-electric e-mac injection moulding machine series in a demanding application for pipette tip production. With the latest e-mac 130, ENGEL has extended its all-electric injection moulding machine series. ENGEL has announced the addition of its all-electric series of e-mac injection moulding machines by providing a new 1300 kN clamping force unit. The company has improved its role as a one-stop supplier for electric injection moulding machine for different applications with its most recent offering.
  • January 2020 - Nissei Plastic Industrial Co., Ltd. acquired a majority stake in Negri Bossi S.p.A. Kingsbury Corp, an Italian company active in the manufacture and sale of injection moulding machines and robot equipment. The deal was closed in January 2020. Kingsbury Corp. will maintain a minority stake in the company.
  • January 2016 - Windsor Machines entered into an agreement and acquired the business of Italtech S.p.A on an ownership basis. This acquisition helped Windsor Machines to introduce superior quality Two Platen Injection Moulding Machines with technology from Italtech, Italy.FIGURE 3: GLOBAL PLASTIC INJECTION MOULDING MACHINE MARKET OVERVIEW (USD MILLION)

FIGURE 4: GLOBAL PLASTIC INJECTION MOULDING MACHINE MARKET OVERVIEW (USD MILLION)

 What Does This Report Provide?

This report provides a detailed understanding of the global plastic injection moulding machine market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

The major market drivers, challenges, and opportunities for the global plastic injection moulding machine market have been covered in the report. Apart from these, an in-depth pricing analysis, and guidelines and regulations are also covered in the report. This report further includes the market shares of the leading companies operating in the global market, along with their production capacities and the growth strategies adopted by them.

Market Segmentation:

By Material Type

  • Thermoplastics
  • Thermoset
  • Others

By Machine Type

  • Hydraulic
  • Hybrid
  • All Electric

By Clamping Force

  • Less than 250 Tons
  • 250 Tons to 650 Tons
  • More than 650 Tons

By End-use Industry

  • Automotive
  • Healthcare
  • Food & Beverages
  • Home Appliances
  • Electronics & Telecom
  • Building & Construction
  • General Plastic
  • Others

 By Region:

North America Plastic Injection Moulding Machine Market

  • North America, by Country
    • U.S.
    • Canada
    • Mexico
  • North America, by Material Type
  • North America, by Machine Type
  • North America, by Clamping Force
  • North America, by End-Use Industry

Europe Plastic Injection Moulding Machine Market

  • Europe, by Country
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • The Netherlands
    • Russia
    • Rest of Europe
  • Europe, by Material Type
  • Europe, by Machine Type
  • Europe, by Clamping Force
  • Europe, by End-Use Industry

Asia Pacific Plastic Injection Moulding Machine Market

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Rest of Asia Pacific 
  • Asia Pacific, by Material Type
  • Asia Pacific, by Machine Type
  • Asia Pacific, by Clamping Force
  • Asia Pacific, by End-Use Industry

Middle East & Africa Plastic Injection Moulding Machine Market

  • Middle East & Africa, by Country 
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
  • Middle East & Africa, by Material Type
  • Middle East & Africa, by Machine Type
  • Middle East & Africa, by Clamping Force
  • Middle East & Africa, by End-Use Industry

South America Plastic Injection Moulding Machine Market

  • South America, by Country 
    • Brazil
    • Argentina
    • Rest of South America
  • South America, by Material Type
  • South America, by Machine Type
  • South America, by Clamping Force
  • South America, by End-Use Industry

Major Companies: In this report, the following major companies have been studied – Tederic Machinery Co., LTD, Chen Hsong Holdings Limited, Haitian International Holdings Limited, The Japan Steel Works, Ltd, Toyo Machinery & Metal Co., Ltd., Milacron, NISSEI Plastic Industrial Co., Ltd., Windsor Machines Limited, Shibaura Machine CO., LTD, Sumitomo Heavy Industries, Ltd., ENGEL, Arburg Gmbh & Co KG, Wittmann Battenfeld , Sino-Tech Machinery Co., Ltd, Electronica Plastic Machines Limited (EPML), Welltec Machinery Limited, Husky Injection Moulding Systems Ltd., and Supermac Machinery, among others.

Objectives of This Report:

  • To estimate the market size for the plastic injection moulding machine market on a regional and global basis.
  • To identify major segments in the plastic injection moulding machine market and evaluate their market shares and demand.
  • To provide a competitive scenario for the plastic injection moulding machine market with major developments observed by key companies in the historic years.
  • To evaluate key factors governing the dynamics of plastic injection moulding machine market with their potential gravity during the forecast period.

Reasons to Buy This Report: 

  • It provides niche insights for a decision about every possible segment, thereby helping in the strategic decision-making process.
  • In-depth market analysis with region and segment market insights.
  • A unique research design for market size estimation and forecast.
  • Identification of major companies operating in the market with related developments
  • Exhaustive scope to cover all the possible segments helping every stakeholder in the market.

Customization:

This study is customized to meet your specific requirements:

  • By sub-segment
  • By client specific country analysis with market share analysis
  • Pricing analysis along with the potential and existing customer analysis
  • Product-specific competitive benchmarking and pricing analysis

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