Injection Molding Machine Market Size, Share & Trends Analysis Report By Material (Plastics), By Technology (Hydraulic), By End-use (Automotive), By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the injection molding machine market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for injection molding machine market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of injection molding machine market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Injection Molding Machine Market Categorization:

The injection molding machine market was categorized into four segments, namely material (Plastics, Metals, Others), technology (Hydraulic, Electric, Hybrid), end-use (Automotive, Consumer goods, Packaging, Electronics), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The injection molding machine market was segmented into material, technology, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The injection molding machine market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eighteen countries, namely, the U.S., Canada, Mexico, Germany, France, Italy, Spain, Denmark, Austria China, Japan, India, South Korea, Taiwan, Brazil, Argentina, UAE, Saudi Arabia.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Injection molding machine market companies & financials:

The injection molding machine market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Arburg GmbH + Co KG It designs and manufactures injection molding machines and their spare parts for use in plastic processing applications. The company also provides engineering and consulting services, as well as offers individual project support for installing and maintaining injection molding machines. Arburg GmbH + Co KG provides its products and services to the automotive, electronics, packaging, medical, robotic, and consumer goods end-use industries. The 210,000 m² parent manufacturing plant of the company is located in Lossburg, Germany. Arburg GmbH + Co KG supplies its injection molding machines and spare parts to more than 100 countries across the world. The company manufactures all its key components on its own with an in-house production share of approximately 60%. All products of Arburg GmbH + Co KG are marketed as Made by ARBURG – Made in Germany. It has ISO 9001, ISO 14001, and ISO 50001 certifications.

• HAITIAN INTERNATIONAL It designs and produces injection molding machines for use in a wide range of applications in the plastics processing industry. The company caters to the requirements of the chemicals, automotive, electronics, consumer goods, medical, and packaging industries. HAITIAN INTERNATIONAL operates its business through two segments, namely, ZHAFIR plastic machinery for high precision plastics and HAITIAN plastic machinery for mass production. Geographically, the company classifies its operations into two regions, namely, China and Hong Kong & Overseas. HAITIAN INTERNATIONAL has nine headquarters and approximately 60 partners in 60 countries of the world. It manufactured approximately 56,000 machines in 2021. The company has a production area of 1,120,000 m². As of June 2021, HAITIAN INTERNATIONAL had more than 6,800 employees, inclusive of engineers, R&D professionals, and daily wagers. Of these, approximately 92% of employees were in China, while the rest were in Hong Kong & Overseas.

• KraussMaffei It produces machinery and systems used for manufacturing and processing rubber and plastics. The company offers products and services related to extrusion technology, reaction process machinery, and injection molding machinery. The products and services of KraussMaffei are utilized in packaging, automotive, construction, and medical industries. Moreover, it caters to the requirements of manufacturers of electrical and electronic devices, beverage packaging products, and household appliances. The companies under KraussMaffei Group include Burgsmüller, Netstal, Plamag, and Pultrex. The company is audited and certified according to ISO 9001:2015. It is represented internationally through a network of over 30 subsidiaries and more than 10 production plants, along with 570 commercial and service partners. The company has 14 production bases in Europe, North America, and Asia Pacific.

• Milacron It manufactures, distributes, and services customized and highly engineered systems for the plastic technology and processing industry. The company offers a full-line product portfolio comprising injection molding machines, extrusion & blow molding equipment, and hot runner systems. Apart from these products, Milacron also offers mold bases & components, process control systems, and MRO supplies for fluid technology and plastic processing equipment. The company operates through three segments, namely, Melt Delivery and Control Systems (MDCS), Advanced Plastic Processing Technologies (APPT), and Fluid Technologies (Fluids). MDCS segment of Milacron focuses on the design, development, and sales of process control and hot runner systems and mold bases & components. It also focuses on offering MRO supplies. APPT segment of the company designs, produces, and sells extrusion systems, blow & injection molding equipment, and co-injection systems, as well as offers associated parts and services. Fluid Technologies segment of Milacron focuses on the manufacturing of semi-synthetic and synthetic lubricants and coolants that are used in various industrial metalworking applications. Milacron markets its products through various brands such as Ferromatik, Mold-Masters, DME, Tirad, Canterbury, and Genca.

• NISSEI PLASTIC INDUSTRIAL CO., LTD. It manufactures and sells injection molding machines, molds, auto-molding systems, and measuring instruments. NISSEI PLASTIC INDUSTRIAL CO., LTD. also provides customized injection molding machines to the food & beverages, automotive, and construction industries. The company operates six manufacturing facilities, two in Japan and one each in China, the U.S., Thailand, and Italy. In addition, NISSEI PLASTIC INDUSTRIAL CO., LTD. operates through seven sales and nine sub-sales offices in Japan. The company has more than 20 subsidiaries in China, Hong Kong, India, Malaysia, Thailand, the U.S., Indonesia, Europe, and the Philippines. The total number of industrial property rights of the company was 747 as of 2021. The global network of NISSEI PLASTIC INDUSTRIAL CO., LTD. consists of 20 locations in Japan and 33 overseas locations in 17 countries. It has a presence in over 80 countries. The sales of NISSEI PLASTIC INDUSTRIAL CO., LTD. through exports accounted for a share of approximately 74% as of March 2021.

• ENGEL AUSTRIA GmbH It designs, develops, installs, and maintains injection molding machines used in the automotive, electronics, technical molding, medical, and packaging industries. In addition, the company provides consulting services for upgrades and oil maintenance. It also offers product training to companies using its molding equipment. It has sales offices and subsidiaries in more than 85 countries worldwide. The company also provides automation services for developing networked, self-optimizing injection molding production systems based on the demand for them from customers under its Inject 4.0 program. ENGEL AUSTRIA GmbH exports more than 95% of its machines to different countries of the world. As of 2021, it had a turnover of USD 1.19 billion. The production plant of the company in North America is situated in New York, the U.S. This plant acts as a final assembly unit for customized machines.

• Chen Hsong Holdings Limited It designs and manufactures injection molding machines and their auxiliary components. The company produces approximately 15,000 machines annually, with customer centers and sales offices in more than 90 countries worldwide, including China, Taiwan, the U.S., Canada, France, the UK, Germany, Turkey, India, Brazil, Argentina, and Mexico. Chen Hsong Holdings Limited offers its products and services to the automotive, packaging, home appliances, and consumer electronics industries. Geographically, Chen Hsong Holdings Limited operates its business in three regions, namely, Mainland China & Hong Kong, Taiwan, and Other Overseas Countries. In 2021, Chen Hsong Holdings Limited made a research and development investment worth USD 6.5 million for developing new machine parts.

• UBE MACHINERY CORPORATION, Ltd. It is a part of Japan-based UBE Industries, Ltd. UBE MACHINERY CORPORATION, Ltd. manufactures, sells, and maintains die casting machines, extrusion presses, injection molding machines, chemical equipment, vertical mills, bulk handling machines, water screening equipment, steel structures, etc. In addition, the company also offers inspection, diagnosis, training, modification, and repair services for injection molding machines and other industrial machines. It offers industrial equipment for usage in the chemicals, ceramics, cement, transportation, and construction industries. UBE MACHINERY CORPORATION, Ltd. develops new technologies, offers information services, and supplies automation systems. The company operates its business through branch offices in Japan, South Korea, and Taiwan. In addition, it has sales offices in 12 cities in Japan, including Okinawa, Hiroshima, Osaka, and Aichi. UBE MACHINERY CORPORATION, Ltd. has its production facilities in Japan, the U.S., and China. The subsidiary of the company in the U.S. is UBE Machinery Inc., which is based in Michigan, the U.S. UBE Machinery Inc. offers machine parts, as well as training and engineering services for its customers in the U.S. and Canada.

• Husky Injection Molding Systems Ltd. It designs and manufactures injection molding machines, molds, hot runners, auxiliaries, and integrated systems. The company operates manufacturing facilities in Canada, the U.S., Luxembourg, Switzerland, China, and the Czech Republic. Husky Injection Molding Systems Ltd. has three technical centers in Japan, Luxembourg, and China, along with sales offices in more than 40 countries worldwide. The company offers its products and services for usage in beverage packaging applications, closures, and thin-wall packaging applications. They are also used in the medical and consumer electronics industries. In addition, the company offers value‐added services for solution development, as well as for collaborative factory planning/designing/building and customer training. It also offers system integration services. Husky Injection Molding Systems Ltd. operates in more than 35 locations and has a customer base in more than 140 countries.

• WITTMANN Kunststoffgeräte GmbH It designs, develops, installs, and maintains injection molding machines for various plastic processing applications. In addition, the company also provides automation solutions such as linear robots and sprue pickers, as well as offers customized automation services for the manufacturing industry. WITTMANN Kunststoffgeräte GmbH operates through two main divisions, namely, WITTMANN BATTENFELD and WITTMANN. WITTMANN Group invests in cutting-edge process technologies for optimum energy efficiency of injection molding machines, as well as for processing materials including a high percentage of recyclates and renewable raw materials. It operates eight manufacturing facilities spread across five countries. The company has 32 subsidiaries and 26 regional agents, as well as sales offices across more than 60 countries worldwide. It also offers smart machine designing solutions, smart workcells based on the Industrial Internet of Things (IIoT), and smart services for maximum uptime of machines under its WITTMANN 4.0 program.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Injection Molding Machine Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 - 2022, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Injection Molding Machine Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.