Global Plastic Injection Molding Machine Market size to surpass around $16.4 billion by 2031 | ARBURG, ENGEL, Haitian International

New York, USA, 2022-Oct-12 — /EPR Network/ —  The global plastic injection molding machine market size was $10.3 billion in 2021 and is anticipated to reach $16.4 billion in 2031, growing at a rate of 4.8% from 2022 to 2031.

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A plastic injection molding machine produces a variety of complex plastic products in mass volume. They are available in various sizes and specifications, thus making them appropriate for use in several manufacturing industries. They are used to produce plastic injection-molded products for industries such as food, beverages, electronics & electrical, home care products, healthcare products, and others.

Global Plastic Injection Molding Machine Market Trends and Drivers:

The global plastic injection molding machine market is anticipated to observe substantial growth going forward on account of increasing application in food & beverage, healthcare, and other industries. In addition, the rise in population along with the growing disposable income of middle-class customers are projected to drive the demand for healthcare and personal care products. This, in turn, is anticipated to lead to a consequent increase in demand for plastic injection-molded plastic products and thus, the plastic injection molding machines market. In addition, emerging economies are exploring the varied benefits of electric plastic injection molding machines, which are projected to supplement the plastic injection molding machine market demand.

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Market Segments:

By Machine Type
All-Electric
Hybrid
Hydraulic

By Clamping Force
Less than 200 tons
200-500 tons
More than 500 tons

By Application
Automotive
Electronics

Key Players:

ARBURG
ENGEL
Haitian International
Husky Plastic injection Molding Systems
KraussMaffei Group
Milacron Holdings Corp.
Nissei Plastic Industrial Co., Ltd.
Sumitomo Heavy Industries

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