Injection Molding Machine Market Report 2026

The injection molding machine market size has grown steadily in recent years. It will grow from $14.3 billion in 2025 to $14.98 billion in 2026 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to expansion of plastic product manufacturing, growth of consumer goods production, reliance on hydraulic machines, automotive component demand, tooling advancements.

The injection molding machine market size is expected to see strong growth in the next few years. It will grow to $18.61 billion in 2030 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to electric vehicle production growth, sustainability regulations, lightweight material adoption, smart factory investments, precision molding requirements. Major trends in the forecast period include shift toward all-electric injection molding machines, demand for energy-efficient manufacturing, growth of multi-material molding, expansion of automotive and packaging applications, automation of plastic processing.

The growing electronics industry is expected to drive the growth of the injection molding machine market going forward. The electronics industry encompasses the production of electronic components, devices, and systems such as semiconductors, integrated circuits, computer hardware, telecommunications equipment, consumer electronics, and other electronic products. Injection molding machines support this industry by providing protection for electronic products, generating less waste than other manufacturing processes, offering versatility in material selection, and enabling high-volume part production efficiently. For example, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, total electronic equipment production in Japan reached $4.91 billion (¥771,457 million), while consumer electronics production rose to $204.67 million (¥32,099 million) compared with $161.12 million (¥25,268 million) in May 2022. Hence, the growth of the electronics industry is fueling the injection molding machine market.

Major companies in the injection molding machine market are focusing on innovations such as hybrid injection molding machines to strengthen their market position. Hybrid injection molding machines combine features of both hydraulic and electric machines, aiming to leverage the advantages of both technologies for improved energy efficiency, precision, and overall performance. For instance, in February 2023, Sumitomo Heavy Industries Ltd. (SHI), a Japan-based machinery manufacturer, launched the 20-ton iM18E compact hybrid injection molding machine. Designed for molding connectors, precision gears, and other electronic parts, the iM18E has a maximum injection speed of 600 mm/sec. Its electric plasticizing unit features a low-inertia servomotor combined with a hydraulic direct-pressure clamp. The iM18E reduces shot-to-shot weight variance to about one-third that of comparable hydraulic machines and consumes 50% less power than equivalent hydraulic models.

In March 2023, Haitian International, a China-based manufacturer of servo hydraulic, electric, and hybrid injection molding machines, acquired Niigata Machinery Co., Ltd. for an undisclosed amount. Through this acquisition, Haitian expanded its product portfolio by integrating Niigata’s all-electric and vertical injection molding machine technology, strengthening its global competitiveness and broadening offerings for customers seeking Japanese-engineered electric IMMs. Niigata Machinery Co., Ltd. is a Japan-based manufacturer specializing in the design and production of all-electric (vertical and horizontal) injection molding machines for markets including automotive, electronics, and general plastics processing.

Major companies operating in the injection molding machine market are Arburg GmbH + Co KG, Haitian International Holdings Limited, Milacron Holdings Corp, Nissei Plastic Industrial Co Limited, Engel Austria GmbH, Sumitomo (SHI) Demag Plastics Machinery GmbH, Chen Hsong Holdings Limited, Toyo Machinery & Metal Co Ltd, Husky Injection Molding Systems Ltd, Japan Steel Works Limited, KraussMaffei Group, UBE Machinery Corporation Ltd., Shibaura Machine Co Ltd., Wittmann Battenfeld, Toshiba Machine Co Ltd., Negri Bossi SpA, Mitsubishi Heavy Industries Plastic Technology Co Ltd., Victor Taichung Machinery Works Co Ltd., Woojin Plaimm Co Ltd., Billion SAS, Dr. Boy GmbH & Co KG, Fu Chun Shin Machinery Manufacture Co Ltd., Huarong Plastic Machinery Co Ltd., L.K. Machinery International Limited, LS Mtron Ltd., Multiplas Enginery Co Ltd., Niigata Machine Techno Co Ltd., Sodick Co Ltd., Yizumi Precision Machinery Co Ltd., Cincinnati Milacron, WINTEC Co. Ltd.

Asia-Pacific was the largest region in the injection molding machine market in 2025. It is expected to be the fastest-growing region in the global injection molding machine market during the forecast period. The regions covered in the injection molding machine market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the injection molding machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The injection molding machine market consists of sales of horizontal injection molding machines and vertical injection molding machines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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