South Korea Injection Molding Machine Market Size & Outlook
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South Korea injection molding machine market highlights
- The South Korea injection molding machine market generated a revenue of USD 754.8 million in 2023 and is expected to reach USD 985.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 3.9% 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.
Injection molding machine market data book summary
| Market revenue in 2023 | USD 754.8 million |
| Market revenue in 2030 | USD 985.4 million |
| Growth rate | 3.9% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Plastics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Korea accounted for 4.7% of the global injection molding machine market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China injection molding machine market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,310.6 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 |
South Korea 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 76.1% in 2023. Horizon Databook has segmented the South Korea injection molding machine market based on plastics, metals, other materials covering the revenue growth of each sub-segment from 2018 to 2030.
According to the U.S. Department of State, South Korea is an attractive investment destination for foreign players largely because of its political stability, logistics, and information & communications infrastructure. The U.S.-Korea Free Trade Agreement (KORUS), which came into force in 2019, further improved the investment inflow from the U.S.
Macroeconomic factors in the country, such as spending power and rising income, favor the growth of the packaging industry as consumers tend to spend more on eating out and processed food. The South Korean government offers funds and support for research that favors robotics in the market.
South Korea is one of the leaders in robotics all over the world. The government of South Korea is investing to advance its medical industry, leading to an increase in innovations, product development, and demand for medical products.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea injection molding machine market , including forecasts for subscribers. This country databook contains high-level insights into South Korea injection molding machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea injection molding machine market size, by material, 2018-2030 (US$M)
South Korea Injection Molding Machine Market Outlook Share, 2023 & 2030 (US$M)
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