Injection Molding Machine Market Size

Injection Molding Machine Market size was valued at USD 15.83 billion in 2023 and is likely to cross USD 29.12 billion by 2036, expanding at more than 4.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of injection molding machine is estimated at USD 16.44 billion.

Increasing demand of plastic products and wide-scale applications of injection molding machine in manufacturing automotive components coupled with its increased efficiency in production output are some of the significant factors boosting the market growth.