Published on : May 04, 2020
ResearchMoz has recently announced the addition of a market intelligence study titled, “Global Insert Injection Molding Machine Market Insights, Forecast to 2025” to its expanding repository of research reports. The report provides valuable insights of growth trends and coming opportunities that will influence the global insert injection molding machine market during the forecast period. In addition, the report looks into geographical distribution and competitive landscape of the global insert injection molding machine market. Overall market size and revenue projections are some key features of this report.
Preparation of the report involved extensive research. Analysts reached out to proprietary databases and carried out in-person interviews with the experts of industry for the viewpoint on trends in the global insert injection molding machine market. The base year considered for the report is 2018, while the forecast period is 2019 to 2025.
Composed of 189 pages, the insert injection molding machine market report is presented in a chapter-wise format. The report includes an exhaustive array of graphs and pictorial representations to depict growth trends pictorially.
Injection molding machine provides magnified accuracy in products along with improved flexibility. Because of high level of efficiency, the machine helps in the manufacture of wide range of products. There are varities of insert injection molding machines, which include hybrid injection molding machines, hydraulic injection molding machines, and all-electric injection molding machines.
The main application of injection molding machine is to manufacture products from plastics, ceramic, rubber and metal. Each machine consists of two main parts- a clamping unit that aids to the operation of mold and an injection unit.
The report divides the global insert injection molding machine market on the basis of type, application, and region. The key segments of the market based on type are all-electric, hydraulic and hybrid. On the basis of end-use industry, the market is divided into defense and aviation, consumer electronics, food and pharmaceuticals, home appliances, automobile industry. On the basis of region, growth of global insert injection molding machine market is analyzed based on growth trends in Asia-Pacific, North America, Europe, Middle East & Africa, and South America.
Meanwhile, in general, considerable growth is observed in the e-commerce and organized retails. As a result, consumers are spending more on packaged goods. The demand of packaged good is rising both in rural and urban areas. All these factors, together, are contributing to the expansion of global insert injection molding machine market.
Increase in the number of urban population has escalated the spending on packaged goods. This has resulted in rise in the competition among packaging manufacturers. Hence, they have started to employ different packaging strategies. This is acting as a driver for rigid plastic packaging market and which in turn is pushing demand for injection molding machines.
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Accuracy Enhancement Defines Global Insert Injection Molding Machine Market
However, injection molding is economical only when it is produced in large quantities. The high cost is attributed to the use of steel to manufacture molds. Also, the process requires expensive tooling, hence, the production is only ideal when produced in large capacities. This is a challenge for the expansion of global insert injection molding machine market.
Injection molding machines have application in manufacture of various automotive parts such as bumper, still cover, lighting systems, instrumental panel, and rear bumper.
Hence, on the basis of region segment, growing demand of automotive industry in Asia– Pacific is propelling the demand of insert injection molding machine. This is a major driver for the expansion for global insert injection molding machine market.
China is emerging as a prominent manufacturer of automobiles; followed by India, Indonesia, and Japan. This factor is influencing the growth of global insert injection molding machine market.