Latin America Injection Molding Machine Market Size & Outlook
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Latin America injection molding machine market highlights
- The Latin America injection molding machine market generated a revenue of USD 1,475.7 million in 2023.
- The market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, plastics was the largest revenue generating material in 2023.
- Plastics is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,475.7 million |
| Market revenue in 2030 | USD 2,063.9 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Plastics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastics, Metals, Other Materials |
| Key market players worldwide | Arburg, Haitian International Holdings Ltd, Milacron India, Sumitomo Corp, Chen Hsong Holdings Ltd, Husky Injection Molding Systems, The Japan Steel Works Ltd, Ube Corp, WITTMANN, Shibaura Machine Co Ltd, Nissei Plastic Industrial, ENGEL AUSTRIA GmbH, Toyo Machinery & Metal, KraussMaffei |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.2% of the global injection molding machine market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,970.2 million by 2030.
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Injection Molding Machine Market Scope
Injection Molding Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Toyo Machinery & Metal | View profile | 501-1000 | Akashi, Hyogo, Japan, Asia | http://www.toyo-mm.co.jp/ |
| Nissei Plastic Industrial | View profile | 1001-5000 | Sakaki, Nagano, Japan, Asia | http://www.nisseijushi.co.jp/ |
| ENGEL AUSTRIA GmbH | View profile | 5001-10000 | Schwertberg, Oberosterreich, Austria, Europe | http://engelglobal.com |
| KraussMaffei | View profile | 5001-10000 | Munich, Bayern, Germany, Europe | http://www.kraussmaffei.com/ |
| Shibaura Machine Co Ltd | View profile | 3037 | 2068-3 Ooka, Shizuoka Prefecture, Numazu, Japan, 410-8510 | http://www.toshiba-machine.co.jp |
| Chen Hsong Holdings Ltd | View profile | 2300 | 18 Whitfield Road, Unit 2001, 20th Floor, Citicorp Centre, Hong Kong, Hong Kong | https://www.chenhsong.com |
| Haitian International Holdings Ltd | View profile | 7382 | No.1688 Haitian Road, Beilun District, Zhejiang Province, Ningbo, China, People's Republic of, 315800 | https://www.haitianinter.com |
| WITTMANN | View profile | 1001-5000 | Vienna, Wien, Austria, Europe | https://www.wittmann-group.com |
| Arburg | View profile | 1001-5000 | Loßburg, Baden-Wurttemberg, Germany, Europe | https://www.arburg.com |
| Husky Injection Molding Systems | View profile | 1001-5000 | Bolton, Ontario, Canada, North America | https://www.husky.co/en |
| Milacron India | View profile | 501-1000 | Ahmedabad, Gujarat, India, Asia | https://www.milacronindia.com/ |
| Ube Corp | View profile | 8019 | Seavans North Building, 1-2-1, Shibaura, Minato-Ku, Tokyo, Japan, 105-8449 | https://www.ube.co.jp |
| The Japan Steel Works Ltd | View profile | 5796 | Gate City Ohsaki-West Tower, 11-1, Osaki 1-chome, Shinagawa-ku, Tokyo, Japan, 141-0032 | http://www.jsw.co.jp |
| Sumitomo Corp | View profile | 108457 | 3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo, Japan, 100-8601 | http://www.sumitomocorp.co.jp |
Latin America injection molding machine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to injection molding machine market will help companies and investors design strategic landscapes.
Plastics was the largest segment with a revenue share of 76.98% in 2023. Horizon Databook has segmented the Latin America injection molding machine market based on plastics, metals, other materials covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South American countries such as Brazil, Peru, and Argentina have started economic revival as manufacturing net exports have returned to the pre-pandemic levels, while consumption and investments are lagging.
Factors such as the influx of remittances, increasing food costs, and effective governmental assistance in terms of economic aid have helped the economies to improve their GDP growth. Furthermore, the U.S.-China trade war is translating into healthy growth for the region.
Columbia, Brazil, and Argentina are emerging as investment hubs for overseas investors. Moreover, the respective governments are focusing on internal development through projects such as building special economic zones for more robust economic growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America injection molding machine market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America injection molding machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America injection molding machine market size, by country, 2018-2030 (US$M)
Latin America Injection Molding Machine Market Outlook Share, 2023 & 2030 (US$M)
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