According to the research report titled ‘Injection Molding Machine Market Size, By Type , By Position (Horizontal, Vertical), By Mechanism (Hydraulic, Mechanical, Electrical, Hybrid), By End-user, Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Landscape & Forecast, 2021 - 2027’, available with Market Study Report, global injection molding machine market is expected to grow considerably over the forecast period 2021-2027.
 

Increasing manufacturing activities in packaging sector, along with rapid development of electrical and electronic industry are augmenting global injection molding machine market. Moreover, rising demand for molding equipment to produce medical equipment is boosting the industry remuneration.
 

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Based on type, metal IIM segment is touted to record 5.8% CAGR through 2027. Application in major industries such as medical and aerospace for manufacturing complex parts with great accuracy and consistency is driving the demand for metal IIM
 

Considering mechanism, hybrid segment is set to register 5.5% CAGR over the forecast period. The demand for this mechanism is fueled by its ability to manufacturing both thick and thin walled parts. Moreover, it combines the clamping forces of hydraulic machine with high precision and repeatability while lower energy consumption.
 

Elaborating on the end-user spectrum, packaging segment captured over 40% of the overall injection molding machine industry share and will follow similar growth trends in the upcoming years. Utilization of the wide range of plastic-based packages and containers in the packaging sector for extending product lifespan and reducing weight necessitates the use injection molding machines.
 

From a geographical perspective, Europe injection molding machine industry grabbed over 15% of the overall share and will display an appreciable growth rate through 2027. Increasing healthcare expenditure and high production of automobiles are fostering the regional market growth.
 

With respective to the competitive arena, Japan Steel Works Ltd., Nissei Plastic Industrial Co. Ltd., Milacron, KraussMaffei Technologies GmbH, Husky Injection Molding Systems Ltd., Sumitomo (SHI) Demag Plastics Machinery GmbH, Haitian Plastics Machinery Group, Arburg GmbH + Co. KG, and Engel Group are the key players in global injection molding machine market space.