Injection Molding Machine Market Share

On the basis of regional analysis, the injection molding machine market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is predicted to dominate majority revenue share by 2037, driven by presence of leading players in the region. which manufacture and market injection molding machines. Moreover, the growing end-user applications in automobile and packaging industries are met in this region which further increases the product demand. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period as a result of developing automotive industry and growing plastic production in the region. The competitive manufacturing costs in the region, especially in emerging countries such as China, India and Japan further raise the demand for molding machines.