Injection Molding Machine Market Overview

The global injection molding press machine market is estimated at $4.45 billion in 2017 and is expected to grow at a CAGR of 2.20 percent until 2021 .The hydraulic press machine market is estimated at $65.8 million in 2017 and is expected to grow at a CAGR of around 4 percent between 2016 and 2021.Asia and Latin America are expected to grow positively, as biopharma has established manufacturing facilities in the region

Supply market outlook

  • Fragmented market with supplier concentration in Asia, Europe, and North America
  • Global supplier maintain their position through technology innovation and service
  • Italy, Germany, the UK, the US are the regions with high maturity
  • Suppliers are shifting their manufacturing base to emerging countries in Asia, like China and Japan

Sourcing practices

  • Engaging with OEMs is the most followed sourcing practice in this industry
  • No lease activity is followed in the industry

APAC is the largest market for injection molding machine with electric molding machines driving the demand and growth in Europe and North America.The global injection molding press machine market is estimated at $4.45 billion in 2017 and is expected to grow at a CAGR of 2.20 percent until 2021 to reach $4.86 billion in 2021.

  • Growing focus on operational efficiency is driving demand for electric and hybrid-molding machines
  • Increasing demand for automobiles in emerging regions, like India, China, and Japan, is driving demand for injection molding machines, as these machines are used in manufacturing of automotive parts
  • The injection molding machine market segmented by product type includes plastic (thermoplastics, thermosets), rubber, metal (powder, liquid), ceramic, micro injection molding, gas injection molding, and liquid silicone rubber injection molding

TCO: Injection Molding Machine  

  • The larger portion of TCO for injection molding is for total equipment cost, followed by refurbishment of machine
  • Hydraulic machine uses cylinder, induction motor to drive pump, leading to frequent preventive maintenance
  • Hydraulic machines requires frequent (three months) change of grease cartage
  • Electric molding machine uses servo motor for each of its machine functions
  • Due to the use of servo motor in its operations, the maintenance cycle for fully electric is long as against hydraulic machine
  • The usual maintenance cycle for hydraulic machines start from the second year of machine purchase (expect change of grease cartage)
  • The maintenance cycle for fully electric machine starts from 100 months of purchase