The vertical injection molding machine market" is expected to experience a CAGR of 4.5% during the forecast period of 2023 to 2031. This market primarily focuses on the manufacturing and sale of vertical injection molding machines, which are used to produce plastic products by injecting molten plastic into a mold cavity. One of the key factors driving the growth of the vertical injection molding machine market is the increasing demand for plastic products in various end-use industries such as automotive, consumer goods, electronics, and healthcare. The ability of these machines to efficiently produce complex and precision plastic components has made them highly sought after in these industries. In addition, technological advancements in vertical injection molding machines have further fueled market growth. Manufacturers are constantly striving to enhance the efficiency, speed, and precision of these machines, leading to improved productivity and reduced production costs. Integration of automation and robotics technologies has also played a significant role in streamlining the injection molding process. Furthermore, the market is witnessing a shift towards electric vertical injection molding machines, replacing traditional hydraulic machines. Electric machines offer advantages such as higher energy efficiency, reduced maintenance requirements, and improved process control. This transition is driven by the growing emphasis on sustainability and environmental concerns, as electric machines have a lower carbon footprint compared to their hydraulic counterparts. Factors such as increasing industrial automation, rising demand for lightweight and durable plastic products, and the expansion of end-use industries in developing economies are likely to contribute to market expansion.
This product will be delivered within 2 business days.
Growing Demand for Plastic Products in Various Industries
The vertical injection molding machine market is being driven by the increasing demand for plastic products in various industries such as automotive, consumer goods, electronics, and healthcare. Plastics have become an essential material in these industries due to their versatility, durability, and cost-effectiveness. According to the International Organization of Motor Vehicle Manufacturers (OICA), global motor vehicle production reached over 95 million units in 2020, with a significant portion of these vehicles incorporating plastic components. The automotive industry relies heavily on injection molding machines to produce interior and exterior plastic parts such as dashboards, bumpers, and door panels. Similarly, the consumer goods industry, including sectors such as packaging, appliances, and furniture, heavily relies on plastic products. The demand for injection molding machines is driven by the need to efficiently produce plastic bottles, containers, household appliances, and other consumer goods.Technological Advancements in Vertical Injection Molding Machines
Technological advancements in vertical injection molding machines have played a crucial role in driving market growth. Manufacturers are continually improving machine efficiency, speed, and precision to meet the growing demand for high-quality plastic products. The integration of automation and robotics technologies has significantly improved the productivity and efficiency of injection molding machines. Automated systems can handle various tasks such as mold changing, material feeding, and part ejection, reducing the need for manual intervention and minimizing production downtime. Additionally, advancements in control systems and sensors have enhanced the accuracy and repeatability of the injection molding process. Real-time monitoring and control of machine parameters enable manufacturers to achieve consistent product quality and reduce material waste.The Transition from Hydraulic to Electric Vertical Injection Molding Machines
The market is witnessing a shift from traditional hydraulic vertical injection molding machines to electric machines due to their numerous advantages. Electric machines offer higher energy efficiency compared to hydraulic machines. They consume less power during operation, resulting in cost savings and reduced environmental impact. Electric machines also offer faster cycle times, allowing for increased production output and shorter lead times. Moreover, electric machines have lower maintenance requirements compared to hydraulic machines, as they do not require hydraulic oil and have fewer moving parts. This reduces downtime and increases overall machine reliability. Several manufacturers have already adopted electric vertical injection molding machines, and this transition is expected to continue as the industry places a greater emphasis on sustainability and energy efficiency.Restraint: High Initial Investment and Operating Costs
A significant restraint in the vertical injection molding machine market is the high initial investment and operating costs associated with these machines. The capital investment required to purchase and set up a vertical injection molding machine, along with auxiliary equipment such as molds and automation systems, can be substantial. Additionally, the cost of skilled labor and maintenance further adds to the operating expenses. The cost of a vertical injection molding machine can vary depending on its size, capacity, and technological features. A high-end machine with advanced automation capabilities can cost hundreds of thousands of dollars. Furthermore, the cost of molds, which need to be custom-made for each specific product, can be significant. Operating costs include expenses such as electricity, raw materials, maintenance, and labor. Injection molding machines require a steady supply of electricity to power their motors, heating elements, and hydraulic or electric systems. The cost of electricity can be substantial, especially for machines with high production volumes. Skilled labor is essential for operating and maintaining injection molding machines effectively. The expertise required for machine setup, mold changes, troubleshooting, and quality control adds to the labor costs. Additionally, regular maintenance and servicing are necessary to ensure the machines operate efficiently and to prevent breakdowns, which can incur additional expenses. Overall, the high initial investment and ongoing operating costs pose a significant restraint for businesses considering entering the vertical injection molding machine market, potentially limiting their adoption and growth.Electric Machines Dominating the Market by Product Type
The type segment of the vertical injection molding machine market can be categorized into hydraulic, electric, and hybrid machines. Among these types, electric machines are expected to witness the highest CAGR during the forecast period of 2023 to 2031 and generated the highest revenue in 2022. Electric vertical injection molding machines are gaining popularity due to their numerous advantages over hydraulic and hybrid machines. Electric machines offer higher energy efficiency, faster cycle times, and lower maintenance requirements, making them more cost-effective in the long run. The emphasis on sustainability and energy conservation has led to the increasing adoption of electric machines in various industries, driving their market growth. Moreover, electric machines provide precise control over the injection process, ensuring consistent product quality and reducing material waste. This feature makes them ideal for manufacturing high-precision plastic components used in industries such as automotive, electronics, and healthcare. As a result, the demand for electric vertical injection molding machines is expected to surge, contributing to their highest CAGR during the forecast period of 2023 to 2031. Hydraulic machines, on the other hand, have been traditionally used in the injection molding industry and continue to hold a significant market share. These machines offer high clamping force and can handle a wide range of materials. However, their lower energy efficiency and higher maintenance requirements limit their growth potential compared to electric machines. Hybrid machines, which combine hydraulic and electric technologies, offer a balance between energy efficiency and power. They provide the advantages of both types, such as high clamping force and precise control. Hybrid machines are suitable for applications that require a combination of power and precision.Automatic Vertical Injection Molding Machines Dominate the Market by Automation Grade
The automation grade segment of the vertical injection molding machine market comprises automatic and semi-automatic machines. In terms of CAGR during the forecast period of 2023 to 2031 and revenue in 2022, automatic machines are expected to dominate the market. Automatic vertical injection molding machines offer advanced features and capabilities that enhance productivity and efficiency. These machines are equipped with automated systems for tasks such as mold changing, material feeding, part ejection, and quality control. By minimizing the need for manual intervention, automatic machines enable continuous and uninterrupted production, resulting in higher output and reduced downtime. The growing demand for increased production efficiency and the need for consistent quality control are key factors driving the adoption of automatic machines. Industries such as automotive, electronics, and packaging, which require high-volume production of precision plastic components, heavily rely on automatic machines to meet their production targets. The ability to integrate automation technologies, such as robotics and artificial intelligence, further enhances the capabilities of automatic machines, making them highly sought after in the market. In terms of revenue generation, automatic machines are expected to dominate the market due to their higher upfront cost compared to semi-automatic machines. The advanced automation features and increased productivity offered by automatic machines justify their higher price tag for many manufacturers. The higher revenue generated by automatic machines can be attributed to their ability to handle large-scale production requirements and deliver consistent quality. Semi-automatic machines, on the other hand, require some level of manual intervention in various stages of the injection molding process. Operators are involved in tasks such as mold loading and unloading, material feeding, and part removal. These machines are typically preferred in applications where production volumes are relatively lower, or where a higher level of manual control is desired. While semi-automatic machines continue to be utilized in certain industries, the demand for automatic machines is expected to outpace them due to the need for increased efficiency and productivity. The growth potential of automatic machines is driven by the benefits they offer in terms of higher output, reduced downtime, and improved quality control.APAC Remains as the Global Leader
Asia Pacific dominates the vertical injection molding machine market in terms of revenues in 2022 and also is expected to witness the highest CAGR during the forecast period of 2023 to 2031 due to several factors. The region is home to major manufacturing hubs, including China, Japan, South Korea, and India, which have a significant demand for plastic products across various industries. The automotive industry in Asia Pacific is particularly robust, driving the need for injection molding machines to produce plastic components for vehicles. Additionally, the region's rapid industrialization, urbanization, and rising consumer spending have contributed to the growth of industries such as consumer goods, electronics, and healthcare, further fueling the demand for vertical injection molding machines. China, in particular, plays a crucial role in the Asia Pacific market, accounting for a significant share of the revenue. The country's strong manufacturing capabilities, large consumer base, and supportive government policies have made it a major player in the vertical injection molding machine market. North America and Europe are also significant regions in the market, but they experience comparatively slower growth rates due to market saturation and mature industries. However, these regions continue to be important markets for vertical injection molding machines, driven by the demand for high-quality plastic products in sectors such as automotive, aerospace, and medical devices. Emerging economies in Latin America and the Middle East & Africa are witnessing gradual growth in the vertical injection molding machine market. These regions are experiencing increased industrialization, infrastructure development, and a growing demand for consumer goods and automotive products.Market Competition to Intensify during the Forecast Period
The vertical injection molding machine market is highly competitive, with several key players striving to maintain their market share and expand their presence globally. These players employ various strategies to stay ahead in the market, including product development, mergers and acquisitions, partnerships, and geographical expansion. Some of the top players in the vertical injection molding machine market include Engel Austria GmbH, Arburg GmbH + Co KG, Sumitomo (SHI) Demag Plastics Machinery GmbH, Nissei Plastic Industrial Co., Ltd., and Husky Injection Molding Systems Ltd. These companies have established themselves as industry leaders through their technological advancements, extensive product portfolios, and strong customer base. One of the key strategies employed by these companies is continuous product development. They focus on enhancing the features, performance, and efficiency of their vertical injection molding machines to meet the evolving demands of end-use industries. By investing in research and development, these players strive to offer innovative solutions that provide improved productivity, energy efficiency, and precision. Companies seek opportunities to acquire or merge with other players to expand their product offerings, customer base, and geographical presence. These strategic moves help them gain a competitive edge and strengthen their market position. Partnerships and collaborations are also important strategies adopted by key players in the vertical injection molding machine market. By partnering with other companies, such as material suppliers or technology providers, they can offer comprehensive solutions to customers and enhance their overall value proposition. Collaborations also facilitate knowledge sharing and innovation, enabling companies to stay at the forefront of technological advancements.Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.- The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
- The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation ofVertical Injection Molding Machine market are as follows.
- Research and development budgets of manufacturers and government spending.
- Revenues of key companies in the market segment.
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report.
- Micro and macro environment factors that are currently influencing the Vertical Injection Molding Machine market and their expected impact during the forecast period.
Market Segmentation
Input Material Vs. Clamping Force- Plastic
- Up to 20 Tons
- 21 Tons to 40 Tons
- 41 Tons to 50 Tons
- 51 tons to 70 Tons
- 71 Tons to 80 Tons
- 81 Tons to 100 Tons
- >100 Tons
- Rubber
- Up to 20 Tons
- 21 Tons to 40 Tons
- 41 Tons to 50 Tons
- 51 tons to 70 Tons
- 71 Tons to 80 Tons
- 81 Tons to 100 Tons
- >100 Tons
- Others
- Up to 20 Tons
- 21 Tons to 40 Tons
- 41 Tons to 50 Tons
- 51 tons to 70 Tons
- 71 Tons to 80 Tons
- 81 Tons to 100 Tons
- >100 Tons
- Hydraulic
- Electric
- Hybrid
- Automatic
- Semi-automatic
- Consumer Goods
- Automotive & Aerospace
- Agriculture & Waste Management
- Medical & Science
- Electrical & Electronics
- Construction
- Packaging
- Others
Region Segment (2021 - 2031; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Vertical Injection Molding Machine market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2031.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Vertical Injection Molding Machine market?
- Which is the largest regional market for Vertical Injection Molding Machine market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Vertical Injection Molding Machine market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Vertical Injection Molding Machine market worldwide?
This product will be delivered within 2 business days.
Table of Contents
1. Preface
2. Executive Summary
3. Vertical Injection Molding Machine Market: Competitive Analysis
4. Vertical Injection Molding Machine Market: Macro Analysis & Market Dynamics
5. Vertical Injection Molding Machine Market: By Input Material Vs. Clamping Force, 2021-2031, USD (Million)
6. Vertical Injection Molding Machine Market: By Type, 2021-2031, USD (Million)
7. Vertical Injection Molding Machine Market: By Automation Grade, 2021-2031, USD (Million)
8. Vertical Injection Molding Machine Market: By End-use, 2021-2031, USD (Million)
9. North America Vertical Injection Molding Machine Market, 2021-2031, USD (Million)
10. UK and European Union Vertical Injection Molding Machine Market, 2021-2031, USD (Million)
11. Asia Pacific Vertical Injection Molding Machine Market, 2021-2031, USD (Million)
12. Latin America Vertical Injection Molding Machine Market, 2021-2031, USD (Million)
13. Middle East and Africa Vertical Injection Molding Machine Market, 2021-2031, USD (Million)
14. Company Profile
List of Figures
List of Tables
Companies Mentioned
- Engel Austria GmbH
- Arburg GmbH + Co KG
- Sumitomo (SHI) Demag Plastics Machinery GmbH
- Nissei Plastic Industrial Co., Ltd.
- Husky Injection Molding Systems Ltd.
