Injection Molding Machinery Market Research Report Information by Type (Electric, Hydraulic, and Hybrid Machines), by Clamping Force (less than 200 tons force, 200 to 500 tons force, and more than 500 tons force), by Material (Rubber, Metal, Plastic, And Ceramics), by End-Use (Automotive, Consumer Goods, Health Care, Electricals & Electronics), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Global Industry Size, Share, Growth, Trends and Forecast To 2032

Injection Molding Machinery Market Summary

As per Market Research Future Analysis, the Global Injection Molding Machinery Market was valued at USD 10.28 Billion in 2023 and is projected to reach USD 13.95 Billion by 2032, growing at a CAGR of 3.40% from 2024 to 2032. Key drivers include increasing energy efficiency consciousness and rising demand for large-tonnage injection molding devices. The market is segmented by type, with hydraulic machines leading at 43% market revenue in 2022. The automotive sector is the largest end-user, accounting for 32% of market revenue. North America is expected to dominate the market due to advanced manufacturing technologies.

Key Market Trends & Highlights

The injection molding machinery market is witnessing significant trends driven by energy efficiency and technological advancements.

• Market Size in 2023: USD 10.28 Billion.
• Hydraulic machines accounted for 43% of market revenue in 2022.
• Automotive sector represented 32% of market revenue in 2022.
• Less than 200 tons clamping force segment generated 46% of market revenue in 2022.

Market Size & Forecast

2023 Market Size: USD 10.28 Billion

2024 Market Size: USD 10.68 Billion

2032 Market Size: USD 13.95 Billion

CAGR (2024-2032): 3.40%

Largest Regional Market Share in 2024: North America

Major Players

HAITIAN International (China), SUMITOMO Heavy Industries (Japan), JAPAN Steel Works (Japan), Chen Hsong Holdings (Hong Kong), Hillenbrand Inc. (US), Dongshin Hydraulic (South Korea)

Source Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Injection Molding Machinery Market Trends

Growing energy efficiency consciousness is driving the market growth

The rising energy efficiency consciousness drives Market CAGR for injection molding machinery. Globally, there is a rising awareness of the necessity for energy conservation, driving consumer interest in all-electric machinery, particularly electric injection molding machines. Electric motors provide a very environmentally friendly machine since they are only activated when mobility is required. Furthermore, the novel energy retrieval system absorbs and stores kinetic energy, which can power the machine. The primary reasons are its numerous benefits, which include minimal upkeep eliminating the need for oil for sanitation, savings on electricity, enhanced accuracy and versatility, and fast speed.

Regarding cost-effectiveness, cycle time reductions, efficiency, dependability, and reuse ability, all-electric injection molding machines surpass hHydraulic Cylinder . They use digital electronic controls and conserve up to 70% more energy than traditional hydraulic machines. As a result, many of these molding machines' elements are operated manually.

Additionally, massive-tonnage injection molding devices are in high demand, which are utilized to produce massive molded components for automotive, appliance, and business uses. In the past, due to plant construction expenses, the need for injection molding machines was limited to 400 tons, with 500 presses constituting the upper limit. The need has shifted over time. Large components are in high demand. Machine makers' capacity to design a big energy-efficient machine with a short cycle time has improved.

The effect of COVID-19 comprises a shortage of subcontractors and products, supply chain disruptions, and contractual dismissals to reduce costs. This market saw declines in growth throughout the epidemic, but it is expected to rebound swiftly when economic activity resumes. Before the COVID-19 epidemic, geopolitical factors drove regional and regional raw material sourcing, leading to short production runs and a diversified product line. Growing automation usage and rising demand for vehicles and consumer items will propel the injection molding machine market forward.

For instance, according to the Plastics Industries Organization, the delivery of massive machinery climbed much more than the shipment of small machines. Large injection molding machines provide businesses with excellent business potential in various areas, including sports, agriculture, and automobiles. Thus, it is anticipated that demand for Injection Molding Machinery will increase throughout the projected timeframe due to the rising Energy Efficiency Consciousness. Thus, driving the Injection molding machine market revenue.

Injection Molding Machinery Market Segment Insights

Injection Molding Machinery Type Insights

The Injection Molding Machinery market segmentation, based on type, includes Electric, Hydraulic Cylinder, and Hybrid Machines. The hydraulic segment dominated the market, accounting for 43% of market revenue (USD 4.3 Billion) in 2022. The capacity to manufacture huge quantities of parts, complex components for the automotive sector, less expensive initial manufacturing of precise molds, greater corrosion and wear obstruction of hydraulic parts, along with widespread application in the automobiles, marine, and aerospace sectors where heaviest force needs to be met are all expected to drive market growth.

Injection Molding Machinery Clamping Force Insights

Based on Clamping forces, the global injection press market segmentation includes less than 200 tons force, 200 to 500 tons force, and more than 500 tons force. The less than 200 tons force category generated the highest market revenue of about 46% (USD 4.6 billion) in 2022. This is due to a growth in the number of middle and small-sized manufacturing firms in industrialized and emerging countries.

Figure 1 Injection Molding Machinery Market by Clamping force, 2022 & 2032 (USD Billion)

Source Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Injection Molding Machinery Material Insights

The Injection Molding Machinery market segmentation, based on Material, includes rubber, metal, plastic, and ceramics. The plastic Extrusion Machine segment dominated the market, accounting for 37% of market revenue (USD 3.7 Billion) in 2022. This is due to the rapid rise in plastic components in the automobile sector due to their lightness and low cost.

Injection Molding Machinery End-Use Insights

Based on End-Use, the Injection Molding Machinery market segmentation includes automotive, consumer goods, health care, electricals & electronics. The automotive segment dominated the market, accounting for 32% of market revenue (USD 3.2 Billion) in 2022. Increased automobile output and increased need for compact automotive parts will drive market expansion.

Injection Molding Machinery Regional Insights

By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Injection Molding Machinery market area will dominate this market during the projected timeframe, as manufacturing firms are heavily utilizing sophisticated technology to improve their company operations, boosting the market growth in the North American region.

Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2 Injection Molding Machinery Market Share by Region 2022 (USD Billion)

Source Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Europe region’s Injection Molding Machinery market is expected to grow quickly during the projected timeframe owing to the rise in the automobile sector. The region's expansion is further fueled by rising interest in the electric car sector. Further, the German Injection Molding Machinery market holds the largest market share, and the UK Injection Molding Machinery market is expected to grow and expand significantly in the European region during the projected timeframe.

The Asia-Pacific Injection, Molding Machinery Market accounts for the second-highest market share during the projected timeframe. The area is regarded as one of the world's most significant contributors to this market. Expanding businesses in this area is a significant factor driving market growth. Moreover, China’s Injection Molding Machinery market dominates the market share, and the Indian Injection Molding Machinery market is expected to expand and grow steadily in the Asia-Pacific region during the projected timeframe.

Injection Molding Machinery Key Market Players & Competitive Insights

Leading market players invested heavily in research and Development (R&D) to scale up their manufacturing units and develop technologically advanced solutions, which will help the Injection Molding Machinery market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their global footprint, with significant market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations.

Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. The Injection Molding Machinery industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.

Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the critical business strategies organizations use in the global Injection Molding Machinery industry to benefit customers and capture untapped market share and revenue. The Injection Molding Machinery industry has recently offered significant advantages to the Industrial Automation & Equipment industry. Moreover, more industry participants are utilizing and adopting cutting-edge technology has grown substantially.

Major players in the Plastic Injection Molding Machine market, including HAITIAN International (China), SUMITOMO Heavy Industries (Japan), JAPAN Steel Works (Japan), Chen Hsong Holdings (Hong Kong), Hillenbrand Inc.(US), Dongshin Hydraulic (South Korea), are attempting to expand market share and demand by investing in R&D operations to produce sustainable and affordable solutions.

Otto Hofstetter is a 100% family-owned worldwide premier mold and die producer. It provides full help, from consultation using design and teaching to professional after-sales service. Otto Hofstetter, located in Switzerland, is expanding its line of goods, offering specialist injection molds in March 2021. The firm has included various goods to strengthen its initiatives in the medical technology and drug sectors.

Nolato AB is a holding corporation whose companies specialize in developing and producing injection molded goods and components. The company is a polymer-based product specialist Nolato supplies manufacturers, cell phones and additional telecommunications providers, and healthcare businesses. The business is active in the European Union, the USA, and the APAC region. In February 2021, Nolato Company finished completing the setup of 75-tonne molding equipment at Avenue, its subsidiary organization. The molding equipment will be used to produce mold precision items that are still in the development stage.

Key Companies in the Injection Molding Machinery market include

• HAITIAN International (China)
• SUMITOMO Heavy Industries (Japan)
• JAPAN Steel Works (Japan)
• Chen Hsong Holdings (Hong Kong)
• Hillenbrand Inc.(US)
• Dongshin Hydraulic (South Korea)

Injection Molding Machinery Market Developments

• Q2 2024: Hillenbrand Announces Appointment of New President for Milacron Injection Molding & Extrusion Hillenbrand, Inc. appointed a new president to lead its Milacron Injection Molding & Extrusion business, aiming to strengthen its leadership team and drive growth in the injection molding machinery sector.
• Q2 2024: ENGEL Opens New Technical Center in Mexico for Injection Molding Solutions ENGEL inaugurated a new technical center in Querétaro, Mexico, to provide advanced injection molding machinery demonstrations, training, and customer support, expanding its presence in the Latin American market.
• Q2 2024: Sumitomo (SHI) Demag Launches New All-Electric Injection Molding Machine Series Sumitomo (SHI) Demag introduced a new series of all-electric injection molding machines designed for high-precision applications and improved energy efficiency, targeting the medical and electronics sectors.
• Q3 2024: Arburg Expands Production Capacity with New Assembly Hall in Germany Arburg completed the construction of a new assembly hall at its Lossburg headquarters, increasing its production capacity for injection molding machines to meet rising global demand.
• Q3 2024: Haitian International Opens New Manufacturing Facility in Vietnam Haitian International inaugurated a new manufacturing plant in Vietnam to enhance its production and distribution capabilities for injection molding machinery in Southeast Asia.
• Q3 2024: ENGEL and BASF Announce Strategic Partnership for Sustainable Injection Molding ENGEL and BASF entered a strategic partnership to develop and promote sustainable injection molding solutions, focusing on the use of recycled materials and energy-efficient machinery.
• Q4 2024: Chen Hsong Launches Next-Generation Large-Tonnage Injection Molding Machine Chen Hsong unveiled a new large-tonnage injection molding machine designed for automotive and industrial applications, featuring advanced automation and digital control systems.
• Q4 2024: The Japan Steel Works Announces Major Contract Win with European Automotive Supplier The Japan Steel Works secured a significant contract to supply high-precision injection molding machines to a leading European automotive parts manufacturer.
• Q1 2025: ENGEL Appoints New CEO to Lead Global Expansion ENGEL Group announced the appointment of a new CEO, signaling a strategic focus on global expansion and innovation in injection molding machinery.
• Q1 2025: Haitian International Launches Smart Injection Molding Platform with IoT Integration Haitian International introduced a new smart injection molding platform featuring IoT connectivity and advanced data analytics for predictive maintenance and process optimization.
• Q2 2025: Sumitomo (SHI) Demag Opens New Customer Experience Center in the United States Sumitomo (SHI) Demag opened a new customer experience center in the U.S. to showcase its latest injection molding technologies and provide hands-on training for North American clients.
• Q2 2025: Arburg Announces Partnership with European Medical Device Manufacturer Arburg entered into a partnership with a major European medical device company to supply specialized injection molding machines for high-precision medical component production.

Injection Molding Machinery Market Segmentation

Injection Molding Machinery Type Outlook

• Electric
• Hydraulic
• Hybrid Machines

Injection Molding Machinery Clamping force Outlook

• Less than 200 tons of force
• 200 to 500 tons force
• More than 500 tons of force

Injection Molding Machinery Material Outlook

• Rubber
• Metal
• Plastic
• Ceramics

Injection Molding Machinery End-User Outlook

• Automotive
• Consumer goods
• Health care
• Electricals & Electronics

Injection Molding Machinery Regional Outlook

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• Rest of the World
  • Middle East
  • Africa
  • Latin America

Report Attribute/Metric	Details
Market Size 2023	USD 10.28 Billion
Market Size 2024	USD 10.68 Billion
Market Size 2032	USD 13.95 Billion
Compound Annual Growth Rate (CAGR)	3.40% (2024-2032)
Base Year	2023
Market Forecast Period	2024-2032
Historical Data	2018- 2022
Market Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Clamping force, Material, End-Use, and Region
Geographies Covered	North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered	The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	HAITIAN International (China), SUMITOMO Heavy Industries (Japan), JAPAN Steel Works (Japan), Chen Hsong Holdings (Hong Kong), Hillenbrand Inc.(US), Dongshin Hydraulic (South Korea)
Key Market Opportunities	The requirement for Large-Tonnage Injection molding devices is a key market opportunity.
Key Market Dynamics	Increasing Energy Efficiency Consciousness