Plastic Injection Molding Machine Global Market Opportunities and Strategies to 2033

This report describes and explains the plastic injection molding machine market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global plastic injection molding machine market reached a value of nearly $11.3 billion in 2023, having grown at a compound annual growth rate (CAGR) of 0.3% since 2018. The market is expected to grow from $11.3 billion in 2023 to $13.19 billion in 2028 at a rate of 3.1%. The market is then expected to grow at a CAGR of 3.9% from 2028 and reach $15.95 billion in 2033.

Growth in the historic period resulted from the increased spending on construction, growing demand for food packaging and rising infrastructure development. Factors that negatively affected growth in the historic period were the high cost of injection molding plastics.

Going forward, growing automotive industry, growing electronics industry and increasing e-commerce growth will drive the growth. Factors that could hinder the growth of the plastic injection molding machine market in the future include stringent government regulations.

The plastic injection molding machine market is segmented by type into standard injection molding machine, multi-component injection molding machine and liquid silicone rubber (LSR) injection molding machines. The standard injection molding machine market was the largest segment of the plastic injection molding machine market segmented by type, accounting for 60.4% or $6.82 billion of the total in 2023. Going forward, the liquid silicone rubber (LSR) injection molding machine segment is expected to be the fastest growing segment in the plastic injection molding machine market segmented by type, at a CAGR of 4.4% during 2023-2028.

The plastic injection molding machine market is segmented by material into polypropylene, polyethylene, thermoplastic elastomer, cyclic olefin copolymer, acrylonitrile butadiene styrene and other materials. The polyethylene market was the largest segment of the plastic injection molding machine market segmented by material, accounting for 36.4% or $4.1 billion of the total in 2023. Going forward, the cyclic olefin copolymer segment is expected to be the fastest growing segment in the plastic injection molding machine market segmented by material, at a CAGR of 5.3% during 2023-2028.

The plastic injection molding machine market is segmented by clamping force into less than 200 tons force, 201-500 tons force and more than 500 tons force. The less than 200 tons force market was the largest segment of the plastic injection molding machine market segmented by clamping force, accounting for 44.5% or $5.02 billion of the total in 2023. Going forward, the 201-500 tons force segment is expected to be the fastest growing segment in the plastic injection molding machine market segmented by clamping force, at a CAGR of 3.4% during 2023-2028.

The plastic injection molding machine market is segmented by end-user industry into automotive, consumer goods, packaging, healthcare, electricals and electronics and other end-user industries. The automotive market was the largest segment of the plastic injection molding machine market segmented by end-user industry, accounting for 32.7% or $3.69 billion of the total in 2023. Going forward, the packaging segment is expected to be the fastest growing segment in the plastic injection molding machine market segmented by end-user industry, at a CAGR of 4% during 2023-2028.

Asia- Pacific was the largest region in the plastic injection molding machine market, accounting for 48.4% or $5.51 billion of the total in 2023. It was followed by North America, Western Europe and then the other regions.

Going forward, the fastest-growing regions in the plastic injection molding machine market will be Asia Pacific and Western Europe where growth will be at CAGRs of 3.7% and 2.9% respectively. These will be followed by North America and Eastern Europe where the markets are expected to grow at CAGRs of 2.7% and 2.6% respectively.


The global plastic injection molding machine market is fairly concentrated, with a small number of players dominating the market. The top ten competitors in the market made up 35.36% of the total market in 2022. Haitian International Inc was the largest competitor with a 11% share of the market, followed by ENGEL Holding GmbH with 7.6%, Hillenbrand, Inc with 3.6%, Husky Technologies with 2.7 %, Nissei Plastic Industrial Co. Ltd with 2.4%, Chen Hsong Holdings Limited with 2%, Arburg GmbH + Co KG with 1.7%, Sumitomo Heavy Industries Limited, with 1.5%, the Japan Steel Works Ltd with 1.4% and Sinochem Corporation with 1.3%.

The top opportunities in the plastic injection molding machine market segmented by type will arise in the standard injection molding machine segment, which will gain $1.15 billion of global annual sales by 2028. The top opportunities in the plastic injection molding machine market segmented by material will arise in the polyethylene segment, which will gain $750.3 million of global annual sales by 2028. The top opportunities in the plastic injection molding machine market segmented by clamping force will arise in the less than 200 tons force segment, which will gain $840.7 million of global annual sales by 2028. The top opportunities in the plastic injection molding machine market segmented by end-user industry will arise in the automotive segment, which will gain $660 million of global annual sales by 2028. The plastic injection molding machine market size will gain the most in China at $ 796.5 million.

Market-trend-based strategies for the plastic injection molding machine market include focus on adoption of new technologies to improve efficiencies, introduction of magnesium injection molding machines, development of innovative products with focus on compact hybrid injection molding machines, use of 3D printing technology to improve production and cloud-based software technology to enhance injection molding process.


Player-adopted strategies in the plastic injection molding machine market include focus on strengthening its operational capabilities and geographic expansion through the strategic partnerships and collaborations, enhancing its business operations through new approaches in advertisements, focuses on strengthening its operational capabilities and geographic expansion through the acquisitions, launching new product solutions.

To take advantage of the opportunities, the analyst recommends the plastic injection molding machine companies to focus on AI integration for enhanced efficiency, focus on advancing with magnesium injection molding technology, focus on compact hybrid injection molding machines for precision manufacturing, focus on 3D printing advancements for manufacturing efficiency, focus on fastest-growing liquid silicone rubber (LSR) injection molding machines segment, expand in emerging markets, continue to focus on developed markets, focus on strategic geographic expansion, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions and focus on fast-growing end-use industries.