New York, April 05, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Plastic Injection Molding Machine Market by Machine Type, Clamping Force, End-Use Industry and Region – Global Forecast to 2025” – https://www.reportlinker.com/p06045397/?utm_source=GNW
These machines have application in surgical and medical devices such as syringes, vials, medical instruments, inhalers, cannulated, medicinal connectors, air systems, and prescription bottles. The outbreak of coronavirus across the globe has highlighted the healthcare industry. Due to explosive surge in the number of Covid-19 cases, the demand for medical equipment like syringes, air systems, and other medical instruments increased exponentially. Countries such as India and China became the hub for manufacturing and meeting the demand for all these equipment across the globe.
201-500 Tons Force is projected to grow at highest CAGR, by clamping force, during the forecast period
The 201–500 ton-force segment accounted for the largest market share in terms of value, in 2019 and is projected to register the highest CAGR during the forecast period.This high growth is attributed to the rising demand for medium-sized molded parts from major end-use industries such as automotive, packaging, and consumer goods.
The clamping force of 201–500 ton-force is mainly used in medium-sized plastic injection molding machines. Machine types such as hydraulic, all-electric, and hybrid are available in 201–500 ton-force. These machines are mainly used for applications in the automotive, packaging, and consumer goods industries, where relatively medium-sized molded parts are required
Hydraulic injection molding machine is the largest machine type for plastic injection molding machine market in 2019
Hydraulic injection molding machine is the most popular machine type, primarily because of its long service life and a wide range of applications.The hydraulic injection molding machine consists of a fixed-speed, three-phase motor, and a variable-volume pump.
Hydraulic injection molding machines have a long life, far drive distance, and low maintenance cost.This type of machine helps in significant reduction of production cycle time.
Molders mainly use high-tonnage hydraulic machines for molding large parts. This machine is mainly used for producing high precision plastic components such as automotive parts, caps & closers, consumer goods, electrical & electronics goods, and medical items.
Automotive is estimated to be the largest end-use industry in plastic injection molding machine market between 2020 and 2025.
Plastic injection molding machines are predominantly used in manufacturing automotive components, interior wrapping, and assembly parts, such as automotive exteriors, car lenses, interior components, under-the-hood components, and filter components.A strong shift in the use of plastics instead of iron and steel in the automotive industry is expected to drive the plastic injection molding machine market during the forecast period.
Stringent government regulations have forced automotive manufacturers to use plastics instead of other materials such as iron and steel.Rapid economic growth, improved infrastructure, and rising middle-class population in emerging economies have led to an increase in vehicle production and sales, which, in turn, increase the demand for plastic injection molding machines.
The rapidly growing automotive industry in APAC is also one of the major factors driving the plastic injection molding machine market.
APAC is expected to be the largest plastic injection molding machine market during the forecast period, in terms of value and volume.
The APAC comprises major emerging nations such as China and India.Hence, the scope for the development of most industries is high in this region.
The plastic injection molding machine market is growing significantly and offers opportunities for various manufacturers. The APAC region constitutes approximately 61.0% of the world’s population, and the manufacturing and processing sectors are growing rapidly in the region. The APAC is the largest plastic injection molding machine market with China being the major market which is expected to grow significantly. The rising disposable incomes and rising standards of living in emerging economies in the APAC are the major drivers for this market.
The increasing population in the region accompanied with development of new technologies and…