Global Injection Molding Machine Market Is To Be Driven By Rapid Growth In Automotive Industry Along With The High Demand From The Packaging Industry And Advancements In Injection Molding Technology In The Forecast Period Of 2021-2026

Injection Moulding Machine Market Report and Forecast 2021-2026, gives an in-depth analysis of the Injection Moulding Machine Market, assessing the market based on its segments like machine type, product type, clamping force, sales type, end use and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

The key highlights of the report include:

Market Overview (2016-2026)

Forecast Market Size (2020): USD 16 billion
Forecast CAGR (2021-2026): 3.4%
Forecast Market Size (2026): USD 20 billion

Globally, the rise in demand for injection moulded plastic products is expected to accelerate the adoption of injection moulding machines. In addition, an increased focus on the use of energy-efficient equipment is projected to fuel the development of the global injection moulding industry. Moreover, the introduction of the hybrid machine and the rise in the usage of all-electric injection moulding machines are expected to drive the growth of the global demand for injection moulding machines over the coming years.

Industry Definition and Major Segments

Injection moulding machines conduct injection moulding processes that are usually used for the manufacture of plastic components; however, they may also be used for the manufacture of articles or pieces consisting of materials other than plastic. The injection moulding process may be used to manufacture a wide variety of parts or products that can differ considerably in their form, scale and end-use applications. The injection moulding system heats the substance to be injected into the mould in which the molten material cools and solidifies, assuming the form of the intended piece.

Read more: Global Injection Molding Machine Market Is To Be Driven By Rapid Growth In Automotive Industry Along With The High Demand From The Packaging Industry And Advancements In Injection Molding Technology In The Forecast Period Of 2021-2026

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