Leading market players are investing heavily in the research and development in order to spread their product lines, which will help the Automatic Molding Machine market grow even more. Market players are also undertaking a variety of strategic activities to spread their global footprint, with important market developments including mergers and acquisitions, new product launches, contractual agreements, higher investments, and collaboration with other organizations. To spread and survive in a more competitive and rising market climate, the Automatic Molding Machine industry must offer cost-effective items.
Manufacturing locally to minimize the operational costs is one of the key business tactics used by the manufacturers in the global Automatic Molding Machine industry to benefit the clients and increase the market sector. In recent years, the Automatic Molding Machine industry has offered some of the most significant advantages to several industries. Major players in the Automatic Molding Machine market, including Haitian International Holdings Limited, Nissei Plastic Industrial Co., Limited, Engel Austria GmbH, Chen Hsong Holdings Limited, Toyo Machinery & Metal Co., Ltd, Husky Injection Molding Systems Ltd, Japan Steel Works Limited, KraussMaffei Group, UBE Machinery, Shibaura Machine Co.
Ltd., Wittmann Battenfeld, Hillenbrand, INC, and others, are attempting to increase market demand by investing in the research and development operations.
Yizumi Precision Machinery Co., Ltd. is based in China and is a prominent player in the global market for plastic injection molding and die-casting machinery. The company is known for producing a range of machinery, including injection molding machines and die-casting machines, which are used in various industries for the manufacturing of plastic and metal components. Yizumi Precision Machinery serves industries such as automotive, consumer electronics, packaging, and more, providing solutions for the production of a wider range of plastic and metal parts.
In September 2022, Yizumi Precision Machinery (Ningbo) Co., Ltd. announced a partnership with Siemens AG to develop new digital manufacturing solutions for plastic injection molding. The two companies will compile their expertise in plastics processing and industrial automation to develop new solutions that help manufacturers improve the efficiency, quality, and sustainability of their plastic injection molding operations.
Husky Injection Molding Systems Ltd., is the leading global supplier of injection molding equipment and the services for the plastic industry. Established in 1953, the Canadian-based company has evolved into a key player in the manufacturing sector. Specializing in the design and manufacture of the injection molding systems, molds, and related services, Husky is known for its innovative technologies that enhance the efficiency and precision of plastic molding processes. The company caters to a wider range of industries, including packaging, medical, automotive, and consumer goods, providing comprehensive solutions to meet the broader needs of its global clientele.
In July 2022, Husky Injection Molding Systems Ltd. announced a partnership with Microsoft Corporation to develop new cloud-based solutions for the management and optimization of plastic injection molding operations. The two companies will compile their expertise in plastics processing and cloud computing to develop new solutions that help manufacturers improve the efficiency, quality, and sustainability of their plastic injection molding operations.