China Injection Molding Machine Market is expected to reach USD 6.01 billion by 2030

The growing toy-making sector and rising manufacturing sector are driving up demand for the China injection molding machine market during the forecast period.

China Injection Molding Machine Market was valued at USD 4.48 billion in 2023, and is predicted to reach USD 6.01 billion by 2030, with a CAGR of 4.0% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

One of the primary driving forces behind China's injection molding machine industry is the strategic expansion of manufacturing facilities by renowned players within the country. These established manufacturers recognize the significance of the Chinese market and are responding by enhancing their local production capabilities. For instance, in February 2023, Sumitomo (SHI) Demag China announced the construction of its new 43,000-ft2 facility to double injection molding machine production in China.

Moreover, as a global manufacturing hub, China's industrial landscape covers a wide range of sectors, from automotive and electronics to consumer goods and beyond. According to the TAKE-Profit Organization, Manufacturing Production in China increased by 3.9 % in July 2023 over the same month in the previous year. The confluence of these exclusive factors contributes to the remarkable growth of the injection molding machines industry in China.

However, emergence of alternative manufacturing technologies, such as 3D printing and additive manufacturing also restrains growth of the injection molding machines market. These innovative methods offer unique advantages that are drawing attention away from conventional injection molding. Industries that prioritize customization, rapid prototyping, and waste reduction are increasingly turning to 3D printing and additive manufacturing.

This diversion of demand impacts the injection molding machines market, particularly in sectors where these alternatives better suit the production requirements. As a result, injection molding machine manufacturers face the challenge of adapting to changing market dynamics and finding ways to remain competitive, as manufacturing technologies continue to evolve.

On the other hand, a significant factor expected to create substantial market opportunities for injection molding machines in the future is rise in demand for customization and personalized products. This trend is becoming evident across various industries, ranging from consumer goods to electronics. Injection molding machines are at the forefront of catering to this trend.

Machines that possess the ability to quickly switch between different molds and efficiently produce small batches play a pivotal role in enabling manufacturers to respond to this demand for customization. These machines empower manufacturers to produce items that are tailor-made to suit specific requirements and preferences. Whether it's creating custom-designed consumer goods or producing electronics with unique features, injection molding machines equipped for such versatility are crucial for fulfilling consumers’ demand.

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According to the report, leading players in the China injection molding machine market include Hillenbrand, Inc., Sumitomo Heavy Industries, The Japan Steel Works, NISSEI, Ube Industries, Ltd., ENGEL, ARBURG, Haitian International, Husky Injection Molding Systems, and KraussMaffei Group.

Key Insights from the China Injection Molding Machine Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the China injection molding machine market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of players in the China injection molding machine market is provided in the report along with their competitive analysis.

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