North America Injection Molding Machine Market by Product Type (Plastic, Rubber, Metal, Ceramic, and Others), by Machine Type (Hydraulic, All-electric, and Hybrid), by Clamping Force (Below 200 Tons, 200–500 Tons, and Above 500 Tons), by Business Type (New Sales and Aftersales), by End-User (Automotive, Packaging, Electronics, Healthcare, Consumer Goods, Toy Making, Building and Construction, Home Appliances, and Others) –Opportunity Analysis and Industry Forecast, 2024–2030

Market Definition

North America Injection Moulding Machine Market size was valued at USD 3.05 billion in 2023, and is predicted to reach USD 4.43 billion by 2030, with a CAGR of 4.8% from 2024 to 2030. An injection molding machine, also referred to as an injection molder, is a sophisticated industrial apparatus designed for the precise and controlled injection of molten plastic material into a mold cavity. It melts the plastic resin and forces it into a mold under high pressure. Injection molding machines are essential tools for producing various plastic parts and products across various sectors, including automotive, consumer goods, electronics, medical devices, and others.

Automotive Industry’s Shift Boosts Injection Molding Market in North America

The automotive industry is a cornerstone of North America's economy, emphasizing cost-effective strategies through the substitution of metal parts with plastic alternatives. This strategic transition has sparked a surge in demand for injection molding services, illustrating the industry's responsiveness to evolving market dynamics and technological advancements. By embracing this shift, automotive manufacturers demonstrate their commitment to efficiency and innovation, meeting consumer demands while adhering to industry standards. This concerted effort not only drives economic growth but also positions North American automotive companies as leaders in sustainable manufacturing practices on a global scale.

Rising Healthcare Sector in North America Fuels Injection Molding Market Growth

The healthcare industry in North America is experiencing a notable influx of investments in technology and innovation. This surge has propelled advancements in medical devices and components, with a particular focus on the adoption of biodegradable resins for manufacturing. These materials offer both environmental sustainability and functional benefits, driving growing interest among manufacturers. This trend not only addresses concerns regarding waste and pollution but also presents lucrative opportunities for stakeholders. As the sector continues to embrace these developments, it positions itself at the forefront of sustainable healthcare solutions, fostering both economic growth and positive environmental impact.

Emergence of Alternative Manufacturing Technologies Hinders the Market Growth

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.

Customized Products from Diverse Industries Offer a Prime Opportunity for Growth and Innovation

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.

The U.S. Holds the Dominant Market Share in the North America Market

The injection molding machine market in the U.S. holds a significant position, reflecting the country's robust manufacturing landscape and innovation-driven industries. U.S. is a prominent player in the global injection molding machine market, utilizing this technology for various applications across sectors such as automotive, consumer goods, packaging, and electronics. The packaging sector has a remarkable share in the U.S. to cope up with the sustainability regulatory guidelines such as increased shelf life for food products, increased durability, and improved sealing to prevent contamination. Weight solutions continue to be a concern for the packaging industry. Thus, a push for thickness reduction and the use of injection compression molding (ICM) methods are increasing in the country.

Mexico is Expected to Show Steady Growth in the North America Power Bank Market

Mexico has a skilled workforce with experience in manufacturing and engineering. This talent pool is well-equipped to operate and maintain injection molding machines, ensuring their effective utilization. In the last decade, the number of graduates in engineering, manufacturing, and construction fields almost doubled, from just over 60,000 to almost 114,000. Today, over 110,000 engineers graduate in Mexico each year.

Competitive Landscape

The North America injection moulding machine industry includes several market players such as Hillenbrand, Inc., Sumitomo Heavy Industries, The Japan Steel Works, NISSEI, Ube Industries, Ltd., ENGEL, ARBURG, Haitian International, Husky Injection Molding Systems, and KraussMaffei Group.

North America Injection Moulding Machine Market Key Segments

By Product Type    

• Plastic

  • Thermoplastics

  • Thermosets

• Rubber

• Metal 

  • Powder

  • Liquid

• Ceramic

• Others

By Machine Type

• Hydraulic

• All-electric

• Hybrid 

By Clamping Force

• Below 200 Tons

• 200–500 Tons

• Above 500 Tons

By Business Type

• New Sales

• Aftersales

By End-User

• Automotive

  • Interior

  • Trim

  • Exterior

  • Others

• Packaging

  • Caps and Closures

  • Thin-wall Containers

  • Lids

  • Personal Care

  • Containers

  • PET Preforms

  • Others

• Electronics

• Healthcare

• Consumer Goods

• Toy Making

• Building and Construction

  • Flooring

  • Windows

  • Doors

  • Others

• Home Appliances

• Others 

By Country

• The U.S.

• Canada

• Mexico

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