Plastic Injection Molding Machine Market Analysis

Machine Type (Hydraulic, Electric, Hybrid)

In terms of machine type, hydraulic segment share in the plastic injection molding machine market is set to cross 53% by the end of 2037. Since the demand for medium-sized molded parts from industries like automotive, packaging, and consumer goods has grown, hydraulic plastic injection molding machines have become increasingly popular. These machines are well-suited to producing medium-sized plastic components because of their high clamping forces. Historically, the most common type of injection molding machine has been a hydraulic machine, which uses hydraulic systems to generate the necessary pressure for the injection process.

Application (Automotive, Consumer Goods, Packaging, Electronics)

The automotive segment share in the plastic injection molding machine market is anticipated to surpass 37% during the anticipated time period. The automobile industry's growing need for injection molding equipment is partly due to the increasing use of plastic components in cars due to its cost-effectiveness, lightweight, and flexible design. Furthermore, the need for plastic injection molded parts—which are utilized in EV components like battery housings, connections, and interior components—is increasing as more people switch to electric cars. The growing need for injection molding machines in the automobile sector is further fueled by this trend. In just three years, the percentage of electric vehicles in overall sales has more than quadrupled, rising from 4% in 2020 to 14% in 2022.

Our in-depth analysis of the global market includes the following segments: